DARK SECRETS: World bank | Vintage Vibes

India records one of the fastest poverty declines in the world, poverty down from 27.1% to 2.6%: World Bank

India has seen a significant decline in poverty, with the rate dropping from 27.1 percent to 2.6 percent. Approximately 496 million people were lifted out of poverty between 2011 and 2023. Employment has increased, particularly among rural women, which contributed to this progress. However, youth unemployment has also risen, particularly…

The Economic Times · 4h ago

From Patna to Kanpur, can an emerging market fix dirty, broken cities?

Patna is set to become the first municipality in Bihar to issue municipal bonds, raising Rs 200 crore for urban infrastructure. This move highlights the ongoing need for investment in India's urban infrastructure amid challenges like urban flooding and sanitation. Other cities like Kanpur are also expected to follow with…

The Economic Times · 18h ago

Can Southeast Asia pitch itself as an ‘all-in-one’ chip hub?

“Cultivation of semiconductor supply chains has put the region in the right place at the right time."

Fortune · Oct 29

UK poised to miss reduced aid spending target of 0.3% of national income

Calculations from the Center for Global Development say spending next year is likely to be £410m less than anticipated

The Guardian - UK · Oct 26

Rival factions, civil war & shadow of terror: Why Libya is still broken 15 years after Gaddafi's bloody end

Since the fall of Muammar Gaddafi in 2011, Libya has been trapped in a cycle of political strife and disunity. Although a UN-backed agreement was reached with hopes of conducting elections, various administrations maintain control over separate regions. By April 2026, a unified national budget was achieved, yet obstacles to…

The Times of India · Oct 22

World Bank seeks to boost connectivity in developing countries

The World Bank announced a new strategy to improve connectivity and digital access in developing nations. This initiative aims to lower the cost of smartphones and broadband services while expanding digital service accessibility. As developing countries face a job creation shortfall, enhanced digital infrastructure is necessary for economic growth. The…

The Economic Times · Oct 20

Inflation squeezes households as Lebanon's economic crisis persists

Lebanon's economic crisis has dragged on since 2019. A re-igniting of Israel's war with Hezbollah derailed the weak recovery seen last year. The World Bank now forecasts that the Lebanese economy will shrink by 6.4 percent this year, with inflation expected to reach around 17.5 percent. A growing divide is…

France 24 · Oct 19

World Bank Encourages Developing Nations To Embrace 'Small' AI To Accelerate Economic Growth

Paschal Donohoe, the managing director and chief knowledge officer at the World Bank, said that so-called "small AI" could make developments which otherwise would have taken centuries achievable in decades.

International Business Times · Oct 18

IMF and World Bank meetings leave developing countries with more questions than answers

The recent discussions at the International Monetary Fund and World Bank left developing nations feeling uncertain about their futures. Delegates raised alarm over growing debt, inflation, and the burgeoning influence of artificial intelligence, but found themselves without significant solutions. These urgent concerns, alongside geopolitical issues and diminishing aid, paint a…

The Economic Times · Oct 18

World Bank says ‘small AI’ could transform developing countries

Bank’s chief knowledge officer says the tech could speed up economic development from centuries to decades

The Guardian - UK · Oct 18