The World Bank is under fire after its officials racked up a carbon footprint equal to the annual emissions of 350 cars while travelling to a United Nations climate summit in Azerbaijan last November, The New York Post has reported. A leaked attendee list showed 254 World Bank officials took jets to the oil-rich nation … Read more
An alarm is rising over Washington’s potential withdrawal from global institutions, including the International Monetary Fund and the World Bank, with the no-show of US Treasury Secretary Scott Bessent at G20 meetings adding to the anxiety. So what are the IMF and World Bank and what happens if the United States pulls back from them? … Read more
Washington: The estimated cost to rebuild Ukraine’s economy after Russia’s invasion has risen to $524 billion, nearly three times its expected 2024 economic output, the World Bank, United Nations, European Commission and the Ukrainian government found. A new study by the institutions included data from Russia’s invasion three years ago through December 31, including a … Read more
An Indian-origin economist at the World Bank has paid tribute to her late colleague, sharing a message that our lives were “much more than just being busy.” Somya Bajaj, in a LinkedIn post, reflected on the sudden death of Anne, a coworker who had been a vital presence in their office, yet died alone and … Read more