UNBELIEVABLE: 2 - Caught on Camera

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…

The Times of India · Aug 8

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 · Aug 5

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…

The Economic Times · Aug 4

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

The Guardian - UK · Jul 26

Venezuela earthquake damages add up to almost $20 billion, World Bank says

Almost a month after the devastating earthquakes, Venezuela has a mammoth task ahead in terms of rebuilding, rehabilitating and mitigating the social and economic damage of the biggest natural disaster in decades.

Euronews · Jul 23

Middle East Clashes Could Hit The World Economy. Growth Could Be Slashed to 1.3%, World Bank Says

World Bank Chief Economist Indermit Gill said that if the war continues for another six months or longer, growth could fall from the projected 2.5% to as little as 1.3%.

International Business Times · Jul 23

Deaths from Venezuela earthquakes rise above 5,000

Venezuela has been able to unlock €302 million of funding from the International Monetary Fund to support recovery and reconstruction following the devastating earthquakes that hit the northern coastal region last month.

Euronews · Jul 18

Delhi government, World Bank launch orientation for Rs 8,300-crore clean air project

The seven-year programme, to be implemented between September 2026 and August 2033, will be financed through a 65 per cent loan from the World Bank, while the remaining 35 per cent will be borne by the Delhi government.

The Economic Times · Jul 10

World Bank Group commits $890 million to promote solar rooftop project in India

The World Bank committed USD 890 million for India's solar rooftop initiative. This funding aims to bring clean energy to millions of homes nationwide. The program will also create significant job opportunities across the renewable energy sector. India seeks to achieve net zero emissions by 2070 and increase non-fossil fuels.…

The Economic Times · Jul 10

Labor Department submits revised ESG rule to White House

In this week’s edition of Economy and Society:

Ballotpedia · Jul 8