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World Bank

Romania Becomes Third Eastern EU Country To Be Bailed Out

The Guardian | David Gow | Posted 05.25.2011 | World

The European Union, IMF and World Bank today bailed out Romania with a €20bn (£18.5bn) loan in return for severe cuts in public spending and wages....

The Mystery of the Disappearance of the Bayh Amendment

Sunil Chacko | Posted 05.25.2011 | Politics
Sunil Chacko

The US Senate should pass the Bayh amendment again and ensure that it is not taken out yet again from the Appropriations bill of 2010 under discussion now.

Global Economy To Shrink In 2009: World Bank

Reuters | Posted 05.25.2011 | Business

The global economy is set to shrink by one to two percent this year, World Bank President Robert Zoellick said on Saturday, saying the depth of the sl...

World Bank cuts China's 2009 growth forecast

AP | JOE McDONALD | Posted 05.25.2011 | Business

BEIJING — The World Bank cut its forecast of China's 2009 growth from 7.5 percent to 6.5 percent on Wednesday due to plunging exports but expres...

Isolationist Policies On The Rise Threatening A Global Trade War: World Bank

Washington Post | Posted 05.25.2011 | World

At least 17 of the 20 major nations that vowed at a November summit to avoid protectionist steps that could spark a global trade war have violated tha...

Weekly Foreign Affairs Roundup

Christopher Herbert and Victoria Kataoka | Posted 05.25.2011 | World
Christopher Herbert and Victoria Kataoka

The Week's Top Stories in Foreign Affairs: Pakistan: Yet Another Path to Failure Facts: Pakistan's government arrests hundreds of "dissidents" includi...

Poor Countries Hit By Second Wave Of Economic Downturn

The Economist | Posted 05.25.2011 | World

"POOR countries are innocent," says Ngozi Okonjo-Iweala, the Nigerian managing director of the World Bank. They did not contribute one jot to the glob...

World's Poor Left To Fend For Themselves As Rich Nations Cope With Budget Pressures

Al Jazeera English | Posted 05.25.2011 | World

Developing countries may face a financing gap of $270bn to $700bn this year as trade income dwindles and rich nations vie for capital to deal with a g...

World Bank: the Incredible Shrinking Economy

Jacob Heilbrunn | Posted 05.25.2011 | World
Jacob Heilbrunn

More and more, the danger of a rerun of the 1930s, in which extremist movements profit from financial depression, looms as a real prospect.

World Bank Says Global Economy Will Shrink In 2009

New York Times | EDMUND L. ANDREWS | Posted 05.25.2011 | Business

In a bleaker assessment than those of most private forecasters, the World Bank also predicted that the global economy would shrink in 2009 for the fir...

For Czechs, a Far Reach to Afghanistan

Amb. Swanee Hunt | Posted 05.25.2011 | World
Amb. Swanee Hunt

As impressive as the Czech Republic's meteoric rise to a stable and thriving country has been, equally noteworthy is how, as Czechs have risen upward, they've reached outward as well.

Sons of the Mau Mau

Frankie Martin | Posted 05.25.2011 | World
Frankie Martin

Kenya must tackle the roots of its election chaos. These include poverty, tribalism, and the failure of the country to live up to the vision of its first president, Jomo Kenyatta.

Climate Change's Economic Assault On The Andes

AP | ANDREW WHALEN | Posted 05.25.2011 | Green

LIMA, Peru — Global climate change threatens the complete disappearance of the Andes' tropical glaciers within the next 20 years, putting precio...

The Hypocrisy of the West

Ben Cohen | Posted 05.25.2011 | World
Ben Cohen

The Third World exists in a precarious state of neo colonial dependency and cannot follow our path out of economic disaster because we insist they don't.

Solving the Global Food Crisis: The Case for a "Poverty Czar"

Bruce Friedrich | Posted 05.25.2011 | World
Bruce Friedrich

Addressing global poverty at its roots means recognizing that the most significant factors driving up food costs are the diversion of crops to biofuels and the growing demand for meat.

Nepal's Political Crisis Deepens

Subhash Ghimire | Posted 05.25.2011 | World
Subhash Ghimire

More than 80% of Nepalese live in villages with very little access to health, education and other modern amenities. Lands seized by Maoists during the decade long war from 1996 to 2006 have not been returned to the owners.

How Much of Your Brainpower Are You Using?

Dennis Whittle | Posted 05.25.2011 | World
Dennis Whittle

Below is a clip where I talk about how much brainpower is wasted in top-down hierarchical systems like the World Bank.

The Dirt on Ecosystem Stewardship

Megan Shank | Posted 05.25.2011 | World
Megan Shank

Filmmaker John D. Liu believes we have a solution to climate change, but it's not as simple as reducing carbon dioxide emissions. Here are excerpts from my recent telephone interview with him.

Lebanon's Economy Thriving Thanks to Arab Neighbors and Conservative Capitalism

Ahmed Shihab-Eldin | Posted 05.25.2011 | World
Ahmed Shihab-Eldin

As the rest of the world braces for a global economic dive, thousands of visitors flood into Beirut. The streets are crowded, shops are bustling and political chatter takes an unusual backseat to celebration.

Time for global civil disobedience?: Five things to Advance the Universal Declaration of Human Rights

Kumi Naidoo | Posted 05.25.2011 | World
Kumi Naidoo

Today is day of celebration for the progress we have made in the 60 years since the Declaration was signed. However, the litany of abuses does not afford us a second of self-congratulation.

World Bank Chief Economist: World Faces "Worst Recession Since The Great Depression"

Financial Times | Javier Blas in London and Krishna Guha | Posted 05.25.2011 | Business

Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authori...

World Bank Warns Gaza Banks May Collapse

AP | DALIA NAMMARI | Posted 05.25.2011 | World

RAMALLAH, West Bank — The World Bank and International Monetary Fund warned Saturday that Gaza's severe cash shortage may cause local banks to c...

Kristof: How To Raise The World's IQ With Salt

International Herald Tribune | Nicholas D. Kristof | Posted 05.25.2011 | World

RAWALPINDI, Pakistan: Travelers to Africa and Asia all have their favorite forms of foreign aid to "make a difference." One of mine is a miracle subst...

Where is Obama on Social Media and E-Government?

Ari Herzog | Posted 05.25.2011 | Politics
Ari Herzog

At a time when the World Bank describes the Obama Administration as embracing e-government themes, why does the President-elect's own tech roadmap fail to mention it by name?

South America: Recession Can Be Avoided

Mark Weisbrot | Posted 05.25.2011 | Business
Mark Weisbrot

There is good reason to believe that South America, in particular, can weather this storm with minimal damage if it adopts the right macro-economic policies.