On August 24 evening, a federal court ruled that the World Bank Group cannot be sued for any damage caused by its lendingādespite last yearās Supreme Court ruling in the same case that these...
The world was witnessing a massive buildup of debt, even before the pandemic began. World Bank described it as the largest, fastest and most broad based amounting to 230 percentage of the Global GDP. ...
The process of the World Bank reforming the Inspection Panel (IPN) to adapt it to the changing environment, the newly adopted Environmental and Social Framework (ESF) started in 2017 but, the changes that they...
The International Monetary Fund (IMF) released two updates in the month of June – first was the World Economic Outlook, titled A Crisis Like No Other, An Uncertain Recovery and another was the Financial...
The annual World Development Report (WDR) is a flagship publication of the World Bank. The 2021 WDR report is in the process of being drafted and is titled āData for Better Livesā. The Bank...
Over the years increasingly institutions like World Bank and other MDBs have started using post-disaster situations and climate change as an opportunity to bring in policy reforms. Post disaster rehabilitation and recovery programmes provide...
In 2015, governments around the world committed to hold global warming to well below 2 degrees Celsius (Ā°C) and to strive to limit warming to 1.5Ā°C by adopting the Paris Agreement. This analysis shows...
In September 2018, the Indian government unveiled a massive three-billion-dollar projectāStrengthening Teaching-Learning and Results for States, or STARSā designed in collaboration with the World Bank to improve the countryās education system. While 85 percent...
Civil society organizations from around the world have been campaigning and advocating for a more responsible, human rights-oriented, and sustainable development finance model.Multilateral Development Banks (MDBs) lend money to governments and private actors in...
Recently, a piece of good news has appeared that World Bank Groupās International Finance Corporation (IFC) upholding the right to education in an official commitment and decided to freeze investments in private for-profit pre-primary,...
The COVID-19 corona epidemic that has taken over 16,99,019 lives all around the world has undoubtedly been a disaster with no parallels in modern history. Political and social analysts describe this pandemic as the...
World Bank Aid or that matter any aid and its impact on countries has been a controversial discussion in development finance circles.Ā While it is true that aid provides an important source of income...
Indian groups submit recommendations for AIIBās review of their Environmental and Social Framework The Asian Infrastructure Investment Bank (AIIB), after four years of its operations, is undertaking a review of its environmental and social...
In a press release issued early last week, the World Bank has announced that the review of its independent accountability mechanism, the Inspection Panel, has been completed and that a few major reforms were...
Chief Economist, Pinelopi Koujianou Goldberg known as Penny Goldberg announced her resignation from the World Bank from 1st March 2020. She will be going back to her teaching job at Yale University. This marks...
