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The Latest Breaking News from the World Bank

Demand-centric labor-intensive industries may help our shrinking middle class

Indonesia’s current account deficit pressures the middle class, forcing them to use their savings. The rupiah’s volatility has increased import costs, reducing household expenditure. Additionally, 81,290 layoffs between 2024 and 2025 and a significant decrease in middle class spending, from 21.45% in 2019 to 17.13% in 2024, paint a bleak…

The Conversation

World Bank employees accused of ‘intimidating’ au pair into forced labor and threatening to have her deported

Exclusive: An au pair from Indonesia claims in a lawsuit obtained by The Independent that the couple refused to let her leave the house without their permission and threatened to have her deported if she told anyone about the mistreatment

The Independent UK

World Bank announces multimillion-dollar redress fund after killings and abuse claims at Tanzanian project

Communities in Ruaha national park reject response to alleged assault and evictions of herders during tourism scheme funded by the bank

The Guardian - UK

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Macron calls malnutrition a 'fight for peace' as donors pledge €25bn

French President Emmanuel Macron underlined the global need to fight malnutrition amid uncertainty over global development aid funding, as Paris hosts the Nutrition for Growth summit. By the end of the first day, the summit had seen pledges of €25 billion.

Radio France Internationale

Future of Gaza’s recovery may be solar

Facing destroyed infrastructure and limited control of energy supplies, off-grid options like solar are helping Pal

Salon

Mali embraces solar power for rural areas but the challenges are still vast

A solar power plant in this rural corner of Mali has jolted a village to life and awakened dreams of steady power in this West African nation

The Independent UK

World Bank estimates $11B needed to rebuild Lebanon after Israel-Hezbollah war

The World Bank says the cost of reconstruction and recovery for Lebanon following the 14-month Israel-Hezbollah war is estimated at $11 billion

The Independent UK

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Allowing foreign firms to sue governments for lost profits is legal terrorism – it must end

Investor–state dispute settlements don’t just mean growing debt burdens for countries: they are also a barrier to action on the climate crisis

The Guardian - UK

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs

Governor Andrew Bailey cautioned over the ‘major shift’ going on in the US after President Trump imposed trade tariffs on various countries.

Evening Standard

Voices: Musk is wrong about foreign aid – it’s how countries show their character to the world

IN FOCUS: The evidence shows international aid – when spent correctly – can bring tremendous benefits and save millions of lives, writes expert and author Stefan Dercon. But if helping people cope with deprivation won’t convince the Maga crowd, advocates of aid spending will have to try a different argument

The Independent UK

If US attempts World Bank retreat, the China-led AIIB could be poised to step in – and provide a model of global cooperation

Donald Trump’s animosity toward multilateralism and international organizations is well known. Just hours after taking office on Jan 20, 2025, the U.S. president announced his intention to withdraw from the World Health Organization and the Paris agreement on climate change.

The Conversation

Ukraine war in numbers: Full toll of Russia’s invasion, three years on

Monday marks three years since Russia launched its full-scale invasion of Ukraine on 24 February, 2022. Alicja Hagopian and Tom Watling report on the many costs of Putin’s war

The Independent UK

Another ceasefire is under threat from Trump – the precarious deal between Lebanon and Israel

Israel, seemingly with the US president’s blessing, has kept troops inside Lebanon. Renewed conflict with Hezbollah is looming. Renewed conflict with Hezbollah is looming, says Mohamad Bazzi, director of the Hagop Kevorkian Center for Near Eastern Studies

The Guardian - UK

Mongolians Warm Up On Culture At New Winter Festival

A festival in a frigid park on the edge of the world's coldest capital in February might not sound like a crowd-puller -- but in Mongolia an inaugural celebration of nomadic culture was in fine fettle this week.

International Business Times

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Al Jazeera

Can new Africa Energy Bank power a continent while protecting the planet?

A long-planned bank to fund oil and gas projects in Africa must balance profit with climate considerations, experts say.

The Guardian - UK

‘Devastating’: Malawi left in dire straits by Trump’s decision to freeze aid

African nation relies on US and other foreign donors to help fund healthcare projects and schools

Fortune

Cambodia's largest bank credits a unique investment for its 'exponential' growth

In Channy, president of ACLEDA Bank, says a proper office convinced ordinary Cambodians to trust the bank: “They say...I want to make sure you exist!”

The Guardian - UK

US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – as it happened

US economy added 143,000 new jobs last month, fewer than expected

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The Independent UK

Rwanda’s evolving stature ensures muted global pressure as M23 advances in eastern Congo

In 2012, when M23 rebels appeared poised to seize control of a major city in eastern Congo, western countries suspended aid to put pressure on Rwanda to withdraw its support

Radio France Internationale

African nations set to light up the homes of 300 million people by 2030

Several African nations have committed to open up their electricity sectors to attract investors and light up the homes of 300 million people currently lacking power over the next six years. "Mission 300" is driving the agenda at a two-day energy summit in Tanzania.

International Business Times

Rubbish Roads: Nepal Explores Paving With Plastic

Cars speeding along a smooth, black-coloured street in Nepal's Pokhara are also driving over heaps of discarded plastic, transformed into an ingredient in road construction.

The Independent UK

UK billionaires got £35m richer each day in 2024, says Oxfam

Four new billionaires emerged in the UK last year

The Independent UK

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year

Top News

World Bank Report: Global Economy Growth Slows

World Bank's report forecasts modest global economic growth with challenges for developing economies. Impacts of COVID-19 and geopolitical events influence...

The Independent UK

World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty

The world economy is growing steadily in the face of global conflict, protectionist trade policies and high interest rates

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