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World

World Bank boss says he will not quit over climate change remarks

World Bank President David Malpass said he will not resign after coming under criticism for his remarks earlier this week regarding climate change. At an event sponsored by The New York Times on Tuesday, Mr Malpass would not answer directly when ...

24 Sept 2022 at 08:28

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 pandemic. Humanitarian efforts in Yemen ...

31 Mar 2022 at 17:55

World

World Bank puts cost of rebuilding Ukraine at hundreds of billions

A World Bank report puts the cost of Ukraine’s recovery and rebuilding from Russia’s invasion at 411 billion dollars (£335 billion) over the next decade, with the cost of cleaning up the war rubble alone at five billion dollars (£4 billion). ...

22 Mar 2023 at 22:16

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 polluting fossil fuels, ...

16 Apr 2023 at 13:14

World

Pakistanis living abroad sent £2 billion home in March

Pakistanis living abroad sent 2.5 billion US dollars (£2 billion) home in March, responding to the cash-strapped government’s appeal for more hard currency remittances, the country’s central bank said on Monday. The sum represents a 27....

10 Apr 2023 at 10:37

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

China’s economy forecast to slow sharply in 2024, World Bank says

China’s economy will slow next year, with annual growth falling to 4.5% from 5.2% this year despite a recent recovery spurred by investments in factories and construction and in demand for services, the World Bank said. The World ...

14 Dec 2023 at 10:44

Scotland

Scottish Government makes grant to support education in three African countries

Marginalised people in three African countries are closer to receiving an education thanks to a grant from the Scottish Government. Women and people needing additional support in Rwanda, Malawi and Zambia will be among those to ...

16 Mar 2024 at 00:01

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 ...

19 Oct 2022 at 12:22

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,...

29 Oct 2022 at 08:34

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 ...

26 Jun 2022 at 23:30

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 ...

10 Aug 2023 at 11:51

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