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The rate at which extreme poverty is falling has slowed alarmingly — the rich world needs to act
Warning that higher interest rates mean ‘difficult choice’ faced between servicing debts and spending on public services
Money from historic agreement would not be made available before ‘sometime next year’
The loss and damage fund agreed at the last COP is too little, too late
Multilateral lender says commodity markets still reeling from Russia’s war in Ukraine
G77 nations resist push for World Bank to oversee loss and damage support for poorer nations
Multilateral development banks are a valuable tool — but they need a radical overhaul and we must learn to use them
How to make some sense of our ignorance
Also in today’s newsletter, Africa’s push to reclassify natural resources as part of its wealth
Keeping borrowing costs elevated for longer than expected would not be ‘unreasonable’, says chief economist
Biden’s plan to revitalise the two institutions is partly aimed at countering China’s growing sway among developing nations
Also in this newsletter: Israel lays siege to Gaza, Carney endorses UK shadow chancellor, egg freezing as a work perk
Demand for its crisis lending soaring while interest rates are high has put the fund in a difficult position
Development banks should be part of debt relief
World Bank praises countries for strong fundamentals but says hitting development targets still ‘a long way to go’
Also in this newsletter: Ukraine funding concerns, IMF calls for carbon taxes, Wall Street’s ‘fear gauge’ hits record high
Sluggish post-pandemic recovery, China’s property crisis and US trade policies expected to hinder growth next year
Also in today’s newsletter, ExxonMobil pension fund fined over climate disclosures
The new president will need private investors to back his wider list of global goals
Accenture legal team wins FT award for its work on taking risks with confidence
Changes seen as crucial in helping poorer nations finance the switch from fossil fuels to green technologies
US president seeks funding boost for multilateral lender as need to counter Beijing’s efforts becomes more urgent
Like the Titanic, we have an apparatus that is declared unsinkable, but is far from being so
Officials fear country may perform poorly as scandal-hit survey prepares for relaunch
Highest-profile agreement since Beijing-based group accused of being infiltrated by Chinese Communist party
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