Tag:World Bank

The World Bank’s documents clearly show housing allocations rising after verification revealed greater need.

By 2070, around 520 million people across the region could face at least one month of dangerous heat each year – four times the number today.

The approval sends a positive signal to markets and development partners amid global turbulence. For millions of Bangladeshis reliant on timely rains, affordable inputs, and stable prices, it offers reassurance that food security remains a national and international priority.

If Sri Lanka is to prevent a permanent underclass from forming in the wake of the 2022 crisis, economists argue that the focus must shift aggressively from mere stabilization to equitable growth.

For chronically loss-making enterprises that no longer serve clear strategic national interests, the study suggests eventual privatisation or orderly closure.

Sri Lanka has successfully navigated its way out of the darkest days of sovereign default, rebuilding a foundation of stability. However, as the World Bank’s latest assessment makes clear, this recovery remains deeply uneven.

At the international poverty line of $3 a day, an additional 1.4 million people are estimated to have slipped into poverty between 2022 and 2025 due to stagnant labour incomes and persistent inflation that eroded the benefits of whatever growth occurred.

As the two-week ceasefire takes effect, markets will be watching closely for signs of sustained de-escalation. Yet even if fighting subsides, the economic scars of the Iran war may take far longer to heal, the three organisations said.