For decades, higher education in developing countries has not been a priority for international aid donors. That is now changing.
Articles on World Bank
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Western powers signing on for the Asian Infrastructure Investment Bank could more effectively shape China’s view of the world.
The Bank has come under fire for its investment in Bridge Academies, which runs a network of schools in East Africa.
The UN’s ambitious education program must be extended to the most marginalised and disadvantaged.
Australia has cut aid to Indonesia by 40%. That may cause diplomatic displeasure, but the country has restructured its development programs in recent years to be less dependent on foreign money.
The expected departure of Ngozi Okonjo-Iweala as Nigeria’s finance minister will leave Nigeria and sub-Saharan Africa without a significant voice in the IMF and World Bank.
Asia needs trillions of dollars in coming years to finance roads, sanitation plants and other key infrastructure. The IMF and World Bank can’t do it alone.
The creation of the Asian Infrastructure Investment Bank is a blow against US influence in global financial markets.
The US has only itself to blame for the growing number of allies that have agreed to join China’s development bank despite American objections.
The cascade of US allies looking to join China’s new development bank should come as no surprise.
Forget shirt-fronting Russian President Vladimir Putin. Prime Minister Tony Abbott’s most challenging task this week will be breaking an uncomfortable silence with Chinese President Xi Jinping. And he…
The top news from this year’s BRICS summit was the announcement of a New Development Bank. Headquartered in Shanghai, the bank will become operational in 2016 with an initial capital of US$50 billion…
Could history one day judge the latest BRICS summit as significant as the Bretton Woods conference of 1944? That is the hope of leaders from Brazil, Russia, India, China, and South Africa as they meet…
Friendship is rare and to call a person “friend” is a serious matter. It’s not complicated – it implies really looking forward to the next conversation with that person. It implies sharing ideas, hopes…
If you haven’t heard about the growing campaign for fossil fuel divestment, and what it means for both your retirement funds and for the global economy, it’s time to pay attention - because now even the…
The World Bank’s Global Economic Prospects report released this week is moderately optimistic about the short-term outlook of the global economy. World Bank economists anticipate an improvement in most…
The International Monetary Fund and the World Bank will today begin their marathon three-day annual meeting in Washington D.C. to review the last year and set out strategies for the future. And while it…
This week the UN General Assembly is debating the global governance of international labour migration. This meeting is particularly timely, following reports of numerous deaths among Nepalese workers on…
Many of us get frustrated with the slow pace of international action on climate change. But powerless as we feel, we can still make a difference by rethinking the way we design our lives. Design is rarely…
If Australia wants to avoid the “resources curse” it needs to proactively strengthen its institutions. Left unchecked, our increased reliance on the resource sector to drive the economy could lead to a…
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