Category: World Bank

‘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...

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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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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...

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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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‘A pandemic of abuses’: human rights under attack during Covid, says UN head

Exclusive: Freedoms have been crushed and free speech impeded by governments around the world, says António GuterresThe world is facing a “pandemic of human rights abuses”, the UN secretary general...

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