World Bank

High-level discussion among DFIs and city leaders lays the groundwork for new solutions to increase investment in resilient, low-carbon urban infrastructure Mayors and Development Finance Institutions (DFIs) met during the World Bank Spring Meetings for the high-level roundtable “Scaling Sustainable…

When Barbados Prime Minister Mia Amor Mottley posed her question to the heart of the global financial order—why was quantitative easing anathema to the Global South until the G7 needed it?—she was not making a technical inquiry. She unleashed a…

The recent summit of the Shanghai Cooperation Organization (SCO) in Beijing, often portrayed in headlines through images of missiles and military parades, carries a deeper and more enduring significance. Beyond the choreography of power lies an attempt to question the…

One of the foremost accomplishments of the industrial age is the “immense progress against extreme poverty.” “Extreme poverty” is defined by the World Bank as a person living on less than $2.15 per day using 2017 prices. This figure has…

Jubilee South/Americas expresses solidarity with the people of Argentina Jubilee South/Americas expresses its solidarity and support to the people of Argentina, we join the rejection of the economic adjustment, as well as the reforms promoted by the newly elected president…

Conditions and prospects are so bad that two well-known cheerleaders for globalization have called on rich nations to take urgent action. The former deputy managing director of the International Monetary Fund (IMF) and former vice president of the World Bank,…

A few hours before the end of 2023, the World Bank (WB) showed the scandalous figures paid by developing countries in debt service payments, an issue that has undoubtedly affected the attention to critical needs. By Teyuné Díaz Díaz Health,…

In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for this job…

If I say Facebook did it, people would wonder if I have developed some mental illness. If I say IMF and World Bank did it, economics buffs would cringe, because they were not even in the picture, at least directly.…

By  Thalif Deen *  The 15,900-strong World Bank, which has funded over 12,000 development projects worldwide since 1947, is an international institution with a superlative reputation for its sustained efforts to end poverty in the developing world—with loans, interest-free credit…