Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.
Tag: World Bank
World Needs Much More Aid to Adapt to Climate Shocks, U.N. Says
A new report, urging rich nations to give more climate aid to poorer ones, comes as Donald Trump’s election throws global climate talks into disarray.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets
Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.
Faced With Regional Setbacks, India Flexes Its New Economic Muscle
Tapping into a fast-growing economy, Prime Minister Narendra Modi has been offering financial help to India’s neighbors as he tries to counter China’s influence.
A Climate Fund Could Pay Billions to Protect Trees in Amazon and Beyond
Brazil is proposing a fund that would pay countries to protect tropical forests that are crucial to curbing climate change. It would generate returns, too.
Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World
Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
Growing Economic Anxiety and Inequality Fuels Unrest Worldwide
Economic turmoil is spreading across the globe, and the response has been protests, attempted coups and elections of far-right politicians.
World Bank Sees Rosier Growth Outlook
But rising trade barriers pose a long-term threat to global output as protectionist policies spread, the bank said.