Category: World Bank

John Healey vows to give ‘breathing space’ to consumers and businesses in first budget

Speaking at IMF annual meeting in Bangkok, chancellor says he will stick to fiscal rules while recognising business and living costsUK politics live – latest updatesBusiness live – latest updatesJohn Healey has promised to use...

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Global financial system is failing developing countries, says Ed Miliband

UK foreign secretary will call for World Bank and others to help governments trapped by hefty borrowing costsThe foreign secretary, Ed Miliband, will claim the global financial system is failing developing countries, as he calls...

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Ed Miliband indicates development and climate will be at heart of UK foreign policy

Exclusive: Foreign secretary to take up World Bank seat and play active role in shaping changes to global lender Britain’s foreign secretary, Ed Miliband, is to indicate he will put the climate crisis and overseas development at...

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‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington

Rachel Reeves joins global finance chiefs in highlighting how households and businesses are feeling the pain of higher energy pricesMiddle East crisis – live updatesThe most severe energy shock since the 1970s, the risk of a...

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Cuts to overseas aid will worsen shocks to global economy, David Miliband says

Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran warCuts to overseas aid by countries including the US and the UK risk stoking global economic...

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Reeves steps up criticism of Trump’s Iran war, branding it a ‘mistake’

UK chancellor tells US audience she is ‘not convinced that this conflict has made the world a safer place’Middle East crisis – live updatesBusiness live – latest updatesRachel Reeves has stepped up her criticism of Donald...

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The ‘rules-based order’ Davos craves has bigger problems than Trump: it represents a world that no longer exists

The global economic system doesn’t even benefit its US and European creators any more – let alone indebted nations or emerging giantsDonald Trump represents everything that the Davos crowd hates – and it is unlikely they are any...

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UK needs to rebuild global development reputation, admits Andrew Mitchell

Development minister’s comments at World Bank summit in Marrakech acknowledge effect of aid budget cutsBritain has to rebuild its reputation as a global leader in providing assistance to poor countries after the damage...

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World Bank spent billions of dollars backing fossil fuels in 2022, study finds

Campaigners estimate about $3.7bn in trade finance was supplied to oil and gas projects despite bank’s green pledgesThe World Bank poured billions of dollars into fossil fuels around the world last year despite repeated...

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