World Bank

One of the foremost accomplishments of the industrial age is the “immense progress against extreme poverty.” “Extreme poverty” is defined by the World Bank as a person living on less than $2.15 per day using 2017 prices. This figure has…

Jubilee South/Americas expresses solidarity with the people of Argentina Jubilee South/Americas expresses its solidarity and support to the people of Argentina, we join the rejection of the economic adjustment, as well as the reforms promoted by the newly elected president…

Conditions and prospects are so bad that two well-known cheerleaders for globalization have called on rich nations to take urgent action. The former deputy managing director of the International Monetary Fund (IMF) and former vice president of the World Bank,…

A few hours before the end of 2023, the World Bank (WB) showed the scandalous figures paid by developing countries in debt service payments, an issue that has undoubtedly affected the attention to critical needs. By Teyuné Díaz Díaz Health,…

In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for this job…

If I say Facebook did it, people would wonder if I have developed some mental illness. If I say IMF and World Bank did it, economics buffs would cringe, because they were not even in the picture, at least directly.…

By  Thalif Deen *  The 15,900-strong World Bank, which has funded over 12,000 development projects worldwide since 1947, is an international institution with a superlative reputation for its sustained efforts to end poverty in the developing world—with loans, interest-free credit…

Inequality between the rich and poor worsened during the COVID-19 pandemic and poverty increased, for the first time in decades. In part two of our series on how the virus has changed the world, we look at the ways the…

Sen. Bernie Sanders (I-Vt.) and Rep. Ilhan Omar (D-Minn.) led more than 300 international lawmakers across two dozen countries in a letter to the leadership of the World Bank and the International Monetary Fund (IMF) today, calling on the international…

By Franciscka Lucien and Joel Curtain The World Bank and the International Monetary Fund (IMF) have a historic opportunity to help stabilize a world reeling from COVID-19. Doing so will require the institutions to change course and aggressively support poor…