Latest World Bank News
Atlantic nations commit to environmental, economic cooperation on sidelines of UN meeting
NEW YORK (AP) — More than 30 Atlantic countries on four continents committed Monday to bolster coordination on economic development, environmental protection, maritime issues and more, the White House said. The adoption of the Declaration on Atlantic Cooperation was completed...
Online gig work is growing rapidly, but workers lack job protections, a World Bank report says
WASHINGTON (AP) — Online gig work is growing globally, particularly in the developing world, creating an important source of employment for women and young people in poorer countries where jobs are scarce, according to a World Bank report released Thursday. The report estimates the...
Biden to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China
WASHINGTON (AP) — President Joe Biden wants to show the world at the Group of 20 summit in India and during a stop in Vietnam that the United States and its like-minded allies are better economic and security partners than China. White House officials said Biden, who departed...
India shows an impressive 7.8% economic growth in April-June quarter
NEW DELHI (AP) — India’s economy registered impressive growth of 7.8% in the first quarter of the current financial year (April-June), attributed to good performance by the agriculture and financial sectors, according to official data released on Thursday. The World Bank says...
Clinton Global Initiative will return to New York with Jose Andres, Orlando Bloom, and Matt Damon
NEW YORK (AP) — The Clinton Global Initiative 2023 will convene “leaders, innovators and dreamers” – ranging from World Bank President Ajay Banga and The Bahamas’ Prime Minister Philip E. Davis to Airbnb CEO Brian Chesky, World Central Kitchen founder Jose Andres and Ford Foundation CEO...
Uganda's leader slams World Bank for holding up new loans after his country enacted an anti-gay law
KAMPALA, Uganda (AP) — Uganda's president on Thursday slammed the World Bank, calling the global lender “insufferable” for holding up new loans after the East African country enacted an anti-gay bill that includes the death penalty in some cases. In a strongly worded...
World Bank says no new funding to Uganda over anti-gay law
KAMPALA, Uganda (AP) — 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 after the law was enacted in May...
Pedro Pascal and World Bank's Ajay Banga among those named to Carnegie's 2023 Great Immigrants list
NEW YORK (AP) — World Bank President Ajay Banga, Oscar winner Ke Huy Quan, singer-songwriter Alanis Morissette and “The Mandalorian” star Pedro Pascal are on this year’s Great Immigrants list announced Wednesday by the Carnegie Corporation of New York. Since 2006, the...
