Experts say that for the first time since 1998, global poverty will increase. At least a half billion people could slip into destitution by the end of the year.
Tag: World Bank
Microloans, Seen as Salvation for Poor Women, Trap Many in Debt
In Jordan, an unregulated microloan industry offers easy money. But with no way to repay loans, many women end up buried in debt, or in prison.
Afghanistan Needs Billions in Aid Even After a Peace Deal, World Bank Says
Analysts say that American hopes for a quick deal and then slashed spending could lead to a collapse after 18 years of international aid created an unsustainable economy.
Imran Khan Calls for Vast Anti-Poverty Plan, but Money Is Tight
The Pakistani leader envisions the foundation of a welfare state. But he has not yet come close to turning the country’s debt crisis around to pay for it.
Pompeo Questions the Value of International Groups Like U.N. and E.U.
Speaking in Brussels, the secretary of state said that some institutions fail to serve their member nations, and should be revised or eliminated.