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Articles on World Bank

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The rise in extreme weather events dent into developing countries’ budget and raise their debt interest rates. Pexels/Karthikeyan Perumal

Paris hosts summit to secure debt relief and climate cash for developing countries

This week’s summit for a “New Global Financing Pact” will look to secure some much-needed climate cash for developing countries, while ensuring their debt remains manageable.
Chinese President Xi Jinping hosted the 14th BRICS Summit via video link in Beijing. South African President Cyril Ramaphosa, Brazilian President Jair Bolsonaro, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attended the summit. Li Tao/Xinhua via Getty Images

South Africa’s role as host of the BRICS summit is fraught with dangers. A guide to who is in the group, and why it exists

Geopolitics is forcing BRICS countries to balance respect for international law, self-determination, sovereignty and peaceful resolution of disputes with their friendly relations with Russia.
People march with a banner that reads in Spanish ‘Stop the adjustment, out with the IMF,’ in Buenos Aires, Argentina on May 9, 2023. (AP Photo/Victor R. Caivano)

Improving how the IMF does business could help billions of people worldwide — by giving governments money to spend on public goods and increasing accountability. Podcast

The conditions placed on countries borrowing money from the International Monetary Fund have further disadvantaged these countries economically.
Developing countries are calling for more funding and for changes at the World Bank. Sean Gallup/Getty Images

4 signs of progress at the UN climate change summit

The biggest issues at COP27 involve financing for low-income countries hit hard by climate change. A former World Bank official describes some promising signs she’s starting to see.

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