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DARK SECRETS: World bank | Vintage Vibes

'UNSC reform can no longer be delayed': UN backs PM Modi's UNSC reform push, credits India's BRICS Presidency

The UN spokesperson supports Prime Minister Modi's call for Security Council reform. He stated the current structure does not reflect 21st-century global realities. BRICS nations seek a more representative and equitable international system. They advocate for greater participation of developing countries in global governance. The group also supports reforming international…

The Economic Times

BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffs

BRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased local currency use in trade and investment activities. The bloc criticized unilateral tariffs and trade measures, supporting a rules-based multilateral trading system. Work continues on cross-border payment systems and strengthening the New Development…

The Economic Times

BRICS flags unilateral tariffs, trade barriers as global risks

BRICS finance ministers voiced serious concerns over unilateral trade measures. Higher tariffs and non-tariff barriers are distorting global trade and adding risks. The global economic outlook remains under pressure from geopolitical tensions. Trade fragmentation and protectionism also contribute to economic instability. Policy uncertainty and financial vulnerabilities add to the global…

The Economic Times

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Global Education Rankings: U.S. Hits Record Low in Reading While Multiple Latin American Nations Stumble

PISA 2025 posted record-low reading scores worldwide. See Latin America's ranking, Argentina's math collapse, and the literacy paradox behind it.

Latin Times

Indian economy growing faster than it looks? World Bank’s Neelkanth Mishra pushes back on doubts over 7.8% growth

High-frequency data reveals that India's economy is on an upward trajectory, exhibiting robust growth. An executive highlights vibrant vehicle sales and soaring credit demand. Additionally, corporate earnings show positive trends, with notable increases in capital expenditure. However, the nation is still on the path to fully recovering from the effects…

The Economic Times

Nirmala Sitharaman pushes trade, investment ties in G20 meetings with key partners

Union Finance Minister Nirmala Sitharaman met global leaders during the G20 meeting. She discussed trade and investment cooperation with World Bank President Ajay Banga. Sitharaman also spoke with IMF Managing Director Kristalina Georgieva about economic outlook. Discussions with Poland and Qatar covered expanding bilateral partnerships and trade. Engagements aimed to…

The Economic Times

Nirmala Sitharaman, World Bank chief Ajay Banga hold meeting, discuss deepening cooperation

The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. They also explored the utilisation of technology for advancing agricultural practices and tourism development, aiming at harnessing global knowledge and private capital for progress.

The Economic Times

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Vietnam's export triumph: How a small nation beat China and India to become America's top trade partner

Vietnam now leads all nations in its trade surplus with the United States. This significant shift occurred during the first half of the year 2026. Vietnam's surplus reached $114 billion, surpassing China and Mexico. This growth stems from economic reforms initiated in the 1980s and a "China plus one" strategy.…

The Economic Times

Treasury proposes ESG restrictions for Trump Accounts

In this week’s edition of Economy and Society:

Ballotpedia

In 1953, South Korea emerged from war with 60–70% living in extreme poverty. 71 years later, life expectancy reached 83.7 years with highest education levels anywhere in the planet

Emerging from the ashes of the Korean War, South Korea became a beacon of transformation, where enhanced educational access laid the groundwork for robust economic development. This shift not only propelled industries forward but also significantly improved living conditions, contributing to a remarkable surge in life expectancy. Today, young adults…

The Economic Times

Gujarat pitches AI, GIFT City plans at Chief Minister's US visit, seeks concessional World Bank funding

Gujarat's Chief Minister Bhupendra Patel visited the US to promote the state. He presented Gujarat's vision for becoming a global hub for AI and finance. Patel briefed World Bank officials on GIFT City's development and AI adoption. He also urged for concessional financing for development-oriented projects in Gujarat. The Chief…

The Economic Times

Togo Joins World Bank's Higher Income Bracket as Five Other Nations Also Climb the Rankings While Others Stay Put

Togo's reclassification to lower-middle income status by the World Bank is driven by a revised population count, not economic growth, highlighting the influence of demographic data on global rankings.

International Business Times UK

In the 1990s, China began regreening one of Earth's most eroded landscapes; more than 100 million tons of soil stopped entering the Yellow River each year

China's Loess Plateau has seen a revolutionary ecological overhaul, where farmers took the initiative to plant trees and construct terraces. This collective endeavor not only rejuvenated once barren hillsides but also drastically curbed soil erosion into the Yellow River, with sediment discharge considerably decreasing. Moreover, this sustainable project has been…

The Economic Times

If British voters seem impatient and angry, data shows they might have a point

With seven prime ministers in ten years and the fragmentation of the two-party system, it’s hard to escape the conclusion that UK leaders struggle to hold on to their position. The World Bank ranks nations around the world on governance indicators – and its data show that, on certain metrics,…

The Conversation

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Bangkok Post

JSCCIB Joins Forces with Public Sector and World Bank

BANGKOK, THAILAND – August 17, 2026 — The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), comprising the Thai Bankers’ Association, the Board of Trade of Thailand and the Federation of Thai Industries, in collaboration with the Ministry of Finance, the Bank of Thailand, the National Economic and Social…

The Economic Times

A researcher turned politicians’ faces into economic data, asking whether their obesity could serve as an unlikely warning sign for something governments rarely reveal: corruption

An economist explored a novel link between politicians' physical appearance and corruption. He used computer vision to estimate body mass index from photographs of ministers. This study examined cabinet members across fifteen former Soviet republics. Later research focused on Ukrainian ministers, showing similar statistical associations over time. The findings suggest…

The Economic Times

World Bank warns Pakistan’s diversion of Balochistan housing funds could deepen poverty

The World Bank expressed serious concern over redirecting housing funds. This move could deepen poverty and increase disaster vulnerabilities for families. Many beneficiaries are ultra-poor, earning less than seventy dollars monthly. The bank warned that excluded families face a cycle of deeper poverty. Grievances were registered, and individual communication was…

The Times of India

Kinshasa is growing faster than almost any city in Africa, but its population boom is not making people richer

Kinshasa, the capital of the Democratic Republic of Congo, is expanding faster than almost any other city on the African continent, yet that growth has coincided with falling living standards for the overwhelming majority of its residents. According to the World Bank, Kinshasa's population grew at an average rate of…

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The Economic Times

Government approves senior bureaucrats' postings to IMF, ADB

The Centre has approved several key foreign postings for senior bureaucrats. Satyajit Mohanty will represent India at the International Civil Aviation Organization in Canada. Rahul Jain and Baldeo Purushartha are appointed to the IMF and Asian Development Bank respectively. Hemang Jani's tenure at the World Bank has been extended for…

The Economic Times

AI offers 'lifeline' for emerging economies, World Bank says

Artificial intelligence can accelerate developing nations' progress by a century within ten years. Emerging economies face fewer job threats from AI compared to wealthier countries. These nations have more to gain and less to fear from the AI revolution. However, governments must address power, connectivity, and skills to seize this…

Euronews

This Baltic state was just named the world’s best place to relocate to in 2026

The Global Relocation Index looks at metrics including general affordability, street safety, air quality and climate comfort.

Bangkok Post

The middle-income health trap

In the lexicon of development, few words sound as reassuring as "graduation", which suggests progress past critical milestones and an escape from dependency. In global health, however, graduation increasingly creates a trap. When a country crosses the World Bank's threshold from low- to middle-income status, it is deemed too rich…

International Business Times UK

China Tightens Its Grip on Global Manufacturing as US Share Slides to 17%

China now accounts for 28% of global manufacturing, surpassing the US, Japan, and Germany combined. This shift highlights China's industrial dominance and its impact on global trade and consumer prices.

The Times of India

World's narrowest island capital just 150 metres wide could disappear beneath rising seas, World Bank warns

Majuro, capital of the Republic of Marshall Islands, confronts severe threats from rising sea levels. Coastal erosion accelerates due to increased wind speeds and human interference. Adaptation measures like sea walls and land raising are being considered by policymakers. However, migration may become a last resort for the Marshallese people.

The Guardian - UK

Ed Miliband indicates development and climate will be at heart of UK foreign policy

Exclusive: Foreign secretary to take up World Bank seat and play active role in shaping changes to global lender

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