World Bank

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World Bank walking tightrope as it mulls increased lending to poorest
Campaigners say bank should rush to rescue countries facing recession – but can it do so without resulting in mass debt write-offs?

Phillip Inman

10, Jan, 2023 @6:19 PM

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Global economy risks second recession within three years, warns World Bank
Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and war

Larry Elliott

10, Jan, 2023 @2:30 PM

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Remembering Martin Ravallion, ‘superstar’ Australian economist who made poverty his life’s work
When the World Bank set its mission to a ‘world free of poverty’, it was ‘Martin’s definition and Martin’s measure’

Peter Hannam Economics correspondent

06, Jan, 2023 @2:00 PM

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World’s poorest countries’ debt interest payments rise 35%, report says
Report’s author, the World Bank, states concern over poor countries’ increasing spending on debt

Phillip Inman

06, Dec, 2022 @5:40 PM

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Rich nations have promised to pay for the climate crisis – but will they? | Gordon Brown
For too long pledges have gone unmet, so at Cop28 new solutions need to be explored, says Gordon Brown, WHO ambassador for global health financing

Gordon Brown

26, Nov, 2022 @7:00 AM

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Climate-focused reform of World Bank could be done in a year, says Al Gore
Former US vice-president says bank should refocus its spending and end its role in ‘fossil fuel colonialism’

Fiona Harvey and Patrick Greenfield in Sharm el-Sheikh

14, Nov, 2022 @6:15 PM

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Australian climate minister to target World Bank’s response to crisis in Cop27 speech
Australia is back as a ‘constructive collaborator’ in negotiations, Chris Bowen will tell summit, as he calls for more commitment from institutions

Adam Morton in Sharm el-Sheikh

14, Nov, 2022 @11:30 AM

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Herman Daly obituary
Pioneering ecological economist who foresaw the catastrophic effects of unlimited economic growth

Peter Victor

11, Nov, 2022 @6:20 PM

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Could Barbados blueprint be a Marshall Plan for the climate crisis?
Mia Mottley, PM of Barbados, who, at Cop27 called again for climate justice, is devising a debt relief and loan blueprint, targeting the IMF

Ashish Ghadiali

09, Nov, 2022 @8:00 AM

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How likely is progress on climate at Cop27?
Potential outcomes on 1.5C, climate finance, adaptation funding, loss and damage, World Bank reform and African gas

Fiona Harvey in Sharm el-Sheikh

09, Nov, 2022 @7:00 AM

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Is the IMF fit for purpose?
The long read: As the world faces the worst debt crisis in decades, the need for a global lender of last resort is clearer than ever. But many nations view the IMF as overbearing, or even neocolonial – and are now looking elsewhere for help

Jamie Martin

01, Nov, 2022 @6:00 AM

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UK joins calls for World Bank reform to focus funding on climate crisis
Alok Sharma’s intervention puts pressure on Trump-appointed Bank chief who faces calls to resign

Fiona Harvey Environment correspondent

14, Oct, 2022 @2:46 PM

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