The World Bank president, Ajay Banga, has worked to make the development institution a magnet for private capital as donor nations face budget constraints.
Category: Developing Countries
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World Bank Courts Private Financing Amid Global Debt Burden
The New York Times – Business: -
Rising Fuel Prices Set Off Anger and Protests Around the World
The New York Times – On the Runway:From Indonesia to Guatemala to Syria, shortages and price increases are leading to protests and blackouts.
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At BRICS Summit, China and India Vie for Influence
The New York Times – On the Runway:China sees the BRICS group as a vehicle for challenging American power. India wants to keep the group broad enough to avoid choosing sides.
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Nepal Puts Cost of Disaster at $5 Billion, Blaming Climate Change
The New York Times – On the Runway:The country is seeking urgent help from a special U.N. climate fund, but the program lacks money because the United States and others have been reluctant to contribute.
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Nepal Turns to Mass Burials, as Thousands Remain Missing from Floods
The New York Times – On the Runway:Only a fraction of the over 2,500 missing are turning up among the dead, underscoring a bleak reality: The death toll is likely to keep rising for days to come.
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U.S. Restores Some Vaccine and Health Aid to Unicef, Gavi and World Food Programme
The New York Times – On the Runway:The amount is still far below what the U.S. spent previously on humanitarian and health aid, but resumes the flow of money for key efforts to fight malnutrition and disease.
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The Iran War’s Persistent Threat to Farmers in Poor Countries
The New York Times – Business:A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
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These Countries Embrace E.V.s to Avoid Oil Price Shocks
The New York Times – Business:People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
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Ozempic Is About to Go Generic in India, China and Canada
The New York Times – Business:In India, China and several other nations, Novo Nordisk is on the verge of losing patent protection for its blockbuster weight loss drug, opening the door for cheaper competing versions.
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Cheap Solar Is Transforming Lives and Economies Across Africa
Chinese panels are now so affordable that businesses and families are snapping them up, slashing their bills and challenging utilities.
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Poor Countries Got $1 Trillion From China. So Did Rich Ones.
Beijing has used loans to developing nations to expand its influence, but a new study says no country has received more Chinese financing than the United States.
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Will Bill Gates’s ‘Strategic Pivot’ Shake Up Climate Policy?
The billionaire philanthropist said it was a mistake to focus so much on “near-term emissions goals,” a position that could generate serious debate.