Latest World Bank Headlines and News updates

Experts for major transitional shift in economic system; deregulation of professional entities

The experts at the working session of the second day of the Islamabad Conclave on Thursday, called for a major structural transitional shift in the economic system of the country and deregulation of the professional entities to ensure financial sustainability and revival of the economy

Seychelles declares state of emergency after blast, floods

Seychelles President Wavel Ramkalawan declared a state of emergency on Thursday, ordering all citizens except essential workers to stay at home, after a blast at a store and flooding due to heavy rainfall, the presidency said

Seychelles declares state of emergency after blast, floods

Seychelles President Wavel Ramkalawan declared a state of emergency on Thursday, ordering citizens to stay at home after a blast at an explosives store and flooding due to heavy rain caused massive damage

Pakistan Govt's policies geared towards economic stability: IMF official

Head of International Monetary Fund (IMF) Mission to Pakistan, Nathan Porter Wednesday expressed satisfaction over the recent staff-level agreement with Pakistan on a $3 billion standby arrangement, saying the present government's policies reflected its commitment to stabilize the economy of the country

Seychelles declares state of emergency after explosion, floods

Seychelles President Wavel Ramkalawan declared a state of emergency on Thursday, ordering all citizens except essential workers to stay at home, after an explosion at a store and flooding due to heavy rainfall, the presidency said in a statement

'Ecocide': how war and climate change are often linked

The link between climate change and war has been a running theme at COP28, highlighting how many countries suffer from both deadly conflict and environmental disasters

Commissioner inaugurates 2nd phase of Mother & Child Welfare Programme

The Commissioner Hyderabad Division Syed Khalid Hyder Shah has Inaugurated 2nd phase of the Mother and Child Welfare Programme worth Rs 50 billion in a simple ceremony held at Panjmoro Hospital of Saeed Abad Taluka

'Living dead': Tunisian villages suffer drought, climate change

Tunisian villager Ounissa Mazhoud ties two empty jerry cans to a donkey and cautiously descends a stony hill towards the last local source of water

Navigating COP28: Pakistan's multifaceted approach to crosscutting issues demonstrated at various activities

Pakistan is actively participating in COP28, attending 28 events that offer a worldwide forum for conversations on various viewpoints and climate change-related projects

'Stay home': Pollution chokes Iran's capital

Schoolchildren and some government employees in Tehran have been ordered to stay at home this week due to severe air pollution in the Iranian capital, a recurring phenomenon in autumn and winter

China's electric bus revolution glides on

On a rainy afternoon in Shenzhen, damp passengers jostle their way onto the megacity's buses, the quiet foot soldiers of an electric revolution for coal-guzzling China's public transport network

Oscar-nominated Bhutan director turns lens on democracy ahead of vote

The Himalayan kingdom of Bhutan, the last country to introduce television, made waves last year with a film director who walked the red carpet of the Oscars

Controversial carbon credits flood COP28, yet still no rules

The COP28 climate talks have been flooded with announcements hyping controversial carbon credits before rules for them have been hammered out, with environmental groups fearing "greenwashing" on a massive scale

Speakers highlight critical challenges confronting Pakistan

Speakers at three-day International Conference on ‘Transformative Pathways for Water and Food Systems in Climate-Resilient Pakistan’ on Monday highlighted the critical challenges confronting Pakistan, positioning it among the top 10 climate-vulnerable nations

G77+ China countries need to unite for indigenous financial solutions for just energy transition: Dr Suleri

Executive Director, Sustainable Development Policy Institute (SDPI), Dr Abid Qaiyum Suleri on Monday while attending various sideline events at COP-28 global conference underscored that the developing counties, G-77 plus China need to establish unity for working out indigenous solutions as just energy transition without proper finances was elusive

Tarbela 4th Extension Project delivered 22.56 bln to national grid so far

Tarbela 4th Extension Project has contributed 22.56 billion low cost hydel units to the national grid system since its commissioning in 2018

L&D Fund operationalization needs massive scale up to meet global targets: Dr Suleri

Executive Director of the Sustainable Development Policy Institute (SDPI), Dr Abid Qaiyum Suleri on Saturday said the climate debate at the biggest environmental conference, COP-28, has gained momentum amid increased discussions on Loss and Damage Fund (L&D Fund), just energy transition and climate finance

WB delegation visits Tarbela 5th Extension, Dasu Hydropower Project

World Bank (WB) Vice President Martin Raiser, along with a four-member delegation, visited Tarbela 5th Extension and Dasu Hydropower Project. WAPDA Chairman Eng Lt-Gen (retd.) Sajjad Ghani and World Bank Executive Director Syed Tauqir Hussain Shah also accompanied him. World Bank is providing financial support for construction of these projects, according to WAPDA spokesman here on Saturday

Pakistan needs energy to boost GDP growth amid power production's crosscutting impacts: Musadik

Former Minister of State for Petroleum, Senator Musadik Malik on Saturday said, "Pakistan's 250 million people need energy, and the country do not have sufficient energy while utilisation of energy is also low, but its crucial to increase its GDP

Nuclear power has role to play, atomic energy head tells AFP at COP28

It would be a mistake to reject nuclear power because of problems at a handful of projects, Rafael Grossi, head of the International Atomic Energy Agency said in an interview with AFP

Nuclear power has role to play, atomic energy head tells AFP at COP28

It would be a mistake to reject nuclear power because of problems at a handful of projects, Rafael Grossi, head of the International Atomic Energy Agency said in an interview with AFP

Inflation, unemployment weigh on DR Congo leader's economic gains

President Felix Tshisekedi, who once vowed to transform DR Congo into "the Germany of Africa", has promised to create jobs if he is re-elected, after a first term marked by economic growth but soaring inflation

PM Kakar for utilizing Loss & Damage Fund on merit to cope with climate change issues

Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday stressed the need to immediately operationalize the Loss & Damage Fund, ensuring its utilization on merit to cope with the issues of climate change

Training on health facility assessment tools concluded

A two-day training session on health facility assessment tools, conducted in collaboration with World Bank's Human Capital Investment Project concluded here on Thursday