All the updated news related to world bank

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Johnson commits UK cash to international fund to tackle future pandemics

The UK has promised £25 million to help found a new international fund to prevent or prepare for future pandemics. The money for a new World Bank fund is aimed at preventing another catastrophe with the health and economic impacts of Covid-19. The ...

26 Jun 2022 at 23:30

More of UK’s aid budget spent inside UK than in poor countries – experts

More of UK’s aid budget spent inside UK than in poor countries – think tank

The UK is now spending more of its international development budget at home than in poor developing countries, development experts have said. That is because a large proportion of the pot is being spent on housing refugees, mainly from Ukraine, ...

29 Oct 2022 at 08:34

World

World Bank ‘estimates Pakistan floods caused 40 billion dollars of damage’

Pakistani officials have said the World Bank estimates this summer’s record-breaking floods have caused the country 40 billion US dollars (£35 billion) of damage. The figure is 10 billion dollars (£8.8 billion) more than an earlier estimate by ...

19 Oct 2022 at 12:22

World

Global report highlights link between corruption and violence

Most of the world continues to fail to fight corruption, with 95% of countries having made little to no progress since 2017, a closely watched study has found. Transparency International’s 2022 Corruption Perceptions Index, which measures the ...

31 Jan 2023 at 09:12

World

Biden nominates former Mastercard boss Ajay Banga to lead World Bank

The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change. The news comes days ...

23 Feb 2023 at 15:54

UK spending more aid on refugees at home than on assistance to poor countries

The UK is spending more aid on hosting refugees at home than on health and humanitarian assistance for poor countries, statistics on last year’s finances show. Spending was down £3 billion from a year earlier to £11.4 billion in 2021, ...

23 Nov 2022 at 19:43

World

Global economy will slow for a third straight year in 2024, World Bank predicts

Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024, the World Bank is predicting. On Tuesday it said the world economy will ...

09 Jan 2024 at 14:58

World

World Bank says no new funding to Uganda over anti-gay law

The World Bank said it will not consider new loans to Uganda after the East African country earlier this year enacted an anti-gay bill that rights groups and others have condemned. The World Bank had deployed a team to Uganda ...

10 Aug 2023 at 11:51

World

Billions ‘use polluting fuel to cook’ and millions ‘have no electricity’

Up to 2.3 billion people around the world are still using polluting fuels to cook and 675 million do not have electricity, a report released by five international organisations said. At current rates, 660 million people are ...

06 Jun 2023 at 13:28

UK says £58bn climate finance tool to launch on London Stock Exchange

A finance scheme designed to raise up to 75 billion dollars (£58 billion) for building clean energy projects in poorer countries is to launch on the London Stock Exchange (LSE). The scheme, set up by green finance body the ...

12 Nov 2024 at 12:46

World

Climate envoy Kerry: There can be no rolling back on clean energy transition

So much has been invested in clean energy that there can be no rolling back of moves to end carbon emissions, US climate envoy John Kerry has said. Mr Kerry noted that if countries deliver on promises to phase out ...

16 Apr 2023 at 13:14

World

World Bank allocates extra £230m to help Yemen key services

The World Bank has approved an additional £230 million for desperately needed aid for the poorest and most vulnerably households in war-torn Yemen, as well as for helping the country fight the coronavirus ...

31 Mar 2022 at 17:55

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