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World Bank

South Africa Needs Energy for Jobs and Economic Growth

Bjorn Stigson | Posted 05.25.2011 | World
Bjorn Stigson

The need for traditional sources of energy for growth in developing countries combined with the ambitions to reduce global carbon emissions presents the world with a dual challenge.

Haitians Don't Deserve Our Sympathy

Michael Fairbanks | Posted 05.25.2011 | World
Michael Fairbanks

Everyone in these Haiti meetings in Miami, Washington, and New York has a heart for the poor, but do they also have a mind for the poor?

Third World Term Should Be Retired, Says World Bank Head

AP | Posted 05.25.2011 | World

WASHINGTON — The head of the World Bank says it is time to stop using the term "Third World" to refer to developing countries and recognize they...

World Bank Awards $3.75 Billion to Coal Company in South Africa

Erich Pica | Posted 05.25.2011 | World
Erich Pica

What would you do with $3.75 billion -- that is, if you had to use it to fund a project that alleviates poverty and mitigates climate change, and not to, say, purchase a personal tropical island?

Africa's Toughest Challenge Is About to Enter Overtime

Stephan B. Tanda | Posted 05.25.2011 | World
Stephan B. Tanda

Huge sums of money have been spent getting South Africa ready for the World Cup. If only the rich world saw the investment potential to bring the disadvantaged out of extreme poverty and hunger.

The World Cup: Lessons from South Africa's Transition

Nicholas van Praag | Posted 05.25.2011 | World
Nicholas van Praag

Amidst the cheers at the World Cup kick-off on Friday we should not forget the sheer power of sport in South Africa's history.

World Bank to Fund Giant New South African Coal Plant

Mother Jones | Kate Sheppard | Posted 05.25.2011 | Green

The World Bank yesterday approved a $3.75 billion loan to South African public utility Eskom to fund what will become the world's seventh-largest coal...

World Bank Vote Gives Billions to Coal

Bruce Nilles | Posted 05.25.2011 | Green
Bruce Nilles

There is bad news for clean energy and our planet today, as the United States fails to follow its own global warming guidelines.

World Bank Needs to do Better on Energy Sector Investments Post South African Coal Project

Jake Schmidt | Posted 05.25.2011 | Green
Jake Schmidt

We support the efforts of developing countries to alleviate their energy poverty, but dirty coal power is not the pathway to a sustainable economy. The World Bank must do much more to help.

Unemployment May Be Contagious, Study Finds Link To Friendships

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

If you're unemployed, and your friends are also unemployed, here's the first step to finding a job: find new friends. According to a study (hat tip t...

Senator Bayh's Long Bye Bye

Sunil Chacko | Posted 05.25.2011 | Politics
Sunil Chacko

Sill Senator Bayh re-introduce his Bayh Amendment or just disappear into the night with that whole sorry episode forever as an albatross around his proverbial neck?

Haiti: Stuck in a Trap

Richard Morse | Posted 05.25.2011 | World
Richard Morse

Haitians aren't living in tent and bed sheet cities because there was an earthquake on January 12. This is the lifestyle one gets used to when elites and the Delatour/Preval lobby machine run the economy.

President Obama Says "Let's Go," Special Interests Conjure Up New Distortions to Say No

Sen. John Kerry | Posted 05.25.2011 | Politics
Sen. John Kerry

On the biggest issue we can deal with in this Congress, President Obama just weighed in big-time, pounding the bully pulpit to pass comprehensive climate and energy legislation. But, ahh, Washington.

Laos' Nam Theun 2 Dam Starts Illegal Operation

Peter Bosshard | Posted 05.25.2011 | Green
Peter Bosshard

Laos' largest hydropower project, the World Bank-funded Nam Theun 2 Dam, began full operation last week. It did so in violation of legal obligations to provide compensation and livelihood restoration to affected communities.

Breakthrough American Foreign Policy May Finally Give a Break to the World's Hungry

Dan Silverstein | Posted 05.25.2011 | World
Dan Silverstein

The United States government took a bold step forward last week in addressing the horrifying upward spiral in the number of people throughout the world who go hungry.

A Tale of Three Cities: The Global Struggle Over Who Will End Hunger

Eric Holt Gimenez | Posted 05.25.2011 | World
Eric Holt Gimenez

The possibilities for unleashing the tremendous social dynamism and development potential of farmers and civil society in the war on hunger are more likely with the CFS process.

Red Flags and Red Lights for IMF Lending

Ben Leo | Posted 05.25.2011 | World
Ben Leo

Shareholders at the IMF and other international financial institutions need to take a step back from the frenzy of stimulus-inspired lending and re-examine the issue of debt sustainability in poor, debt-vulnerable countries.

The World Bank's Gaming Play

Dev Aujla | Posted 05.25.2011 | Business
Dev Aujla

A few weeks ago, the World Bank Institute launched a social network-based game called Evoke. In short, it's a ten-week crash course in changing the world.

Stop Government Funding of Coal

Bruce Nilles | Posted 05.25.2011 | Home
Bruce Nilles

This post was co-written by Bruce Nilles and Mark Kresowik, Director and Corporate Accountability and Finance Representative, respectively, for the Si...

China To Grow 9.5% In 2010: World Bank

AP | JOE McDONALD | Posted 05.25.2011 | Business

BEIJING — The World Bank raised its China growth forecast this year to 9.5 percent from 9 percent on Wednesday but said Beijing needs to cool in...

Post-Disaster Reconstruction: Putting Haitian Citizens into the Equation

Beverly Bell | Posted 05.25.2011 | World
Beverly Bell

Haitian civil society has been completely bypassed in decision-making regarding the post-earthquake reconstruction process. They have thus created their own process.

South Africa's dirty secret: Eskom and the Medupi power plant

Khadija Sharife | Posted 05.25.2011 | Green
Khadija Sharife

The Beijing dragon breathes, and as it does - given that China has since become the world's major emitter of carbon dioxide (CO2), overtaking even the...

Nothing Good Comes Out of Africa

Michael Fairbanks | Posted 05.25.2011 | World
Michael Fairbanks

I believed for too long that not a lot of good comes out of Africa. The Rwandans held up a mirror to my face. I could see that my way of doing things wasn't helping, so I became willing to be guided by their vision.

Greece on Fire as Debt Crisis Ignites Eurozone

Michelle Chen | Posted 05.25.2011 | World
Michelle Chen

Greece is unraveling. Massive strikes, clashes with police, and more turmoil are on the horizon as the European Union imposes a draconian "austerity budget." But the other symbol of unrest reported last week--three bank workers killed in a bombing incident--reveals a new lethal turn in the Greek debt crisis.

Lula Must Not Undermine Brazil's Chance to Be the Next "Indispensable Nation"

Steve Clemons | Posted 05.25.2011 | World
Steve Clemons

As it sits at a clear breakout point in its global ascendance -- and just before President Lula's upcoming trip to Tehran -- Brazil faces fundamental choices about the type of nation it wants to be.