DARK SECRETS: World bank | Vintage Vibes

Keep Rahul Gandhi as your 'mock Prime Minister' for life: BJP's swipe at opposition

The BJP on Saturday accused the INDIA bloc of making a mockery of Parliament and democracy after opposition leaders held a symbolic public impeachment of Chief Election Commissioner Gyanesh Kumar. BJP leaders Sambit Patra and Sudhanshu Trivedi also targeted Rahul Gandhi over his criticism of the Election Commission and Indian…

The Economic Times · 19h ago

Sudhanshu Trivedi targets Congress over mock Parliament, cites World Bank report

Sudhanshu Trivedi criticized the Congress party for organizing a mock Parliament after their recent failures. He emphasized the significant reduction in poverty in India under Prime Minister Narendra Modi's leadership from 2011 to 2023. Trivedi referenced the World Bank's report claiming only 2.6 percent of the population remains in extreme…

The Economic Times · 23h ago

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 · Oct 30

African countries face rising economic risks: six ways they can navigate global uncertainty

The current global economic situation is confusing. On the one hand it’s characterised by inflation, and food and other critical supply shortages caused by the wars in Ukraine and the Gulf states. On the other, by optimism and economic growth caused by the boom in AI investments.

The Conversation · Oct 28

Billionaires can’t fill the $50 billion foreign-aid gap. The World Bank wants to make their money go further

Rich countries are cutting aid at a record pace. The World Bank’s new Philanthropy Hub asks foundations and family offices to route their money through its lending machine, and it’s promising them leverage.

Fortune · Oct 26

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