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Top News In Wbnk Today - Breaking & Trending Today

EXCLUSIVE World Bank denies IMF chief Georgieva's bid for meeting to defend herself -sources

The World Bank's board has turned down a request by IMF Managing Director Kristalina Georgieva for a meeting to defend herself against claims that she pressured staff to alter data as the bank's CEO in 2017, according to two sources briefed on the situation. ....

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Breakdown: COP26 gets an ambitions downgrade

A week before it starts, COP26 has already received the last rites. Glasgow’s United Nations climate conference kicks off on Oct. 31 without Chinese leader Xi Jinping or Russian counterpart Vladimir Putin, whose countries are jointly responsible for a third of annual greenhouse gas (GHG) emissions. To avoid the gathering being a complete non-event, attendees need to reset their expectations. ....

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School children storm Congo parliament over teacher strike

Hundreds of school children stormed Democratic Republic of Congo's parliament on Thursday demanding the government raise teachers' pay and end a strike that has shut down lessons for more then two weeks. ....

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World Bank revises up 2021 GDP forecast for Western Balkans to 5.9%

The World Bank on Thursday revised up its forecast for the economic growth of six countries of the Western Balkans to 5.9% in 2021 after a 3.1% contraction in 2020 due to the COVID-19 pandemic, but cautioned that recovery remains fragile. ....

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South Africa seeks over $27 bln of finance for shift from coal

South Africa is seeking cheap finance for more than 400 billion rand ($27.6 billion) of electricity infrastructure as part of its plans to move away from heavily polluting coal, a senior presidency official said on Thursday. ....

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