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International Development
Thailand to host major ‘IMF-World Bank Summit’ in 2026
The event will welcome over 400 finance ministers and central bank governors worldwide.
BANGKOK, Thailand – Thailand was selected to host the 2026 Annual Meetings of the IMF and World Bank.
Deputy Prime…
Coalition for Fair Trade in Hardwood Plywood files new trade case against imports of hardwood and…
The Petition
The Coalition for Fair Trade in Hardwood Plywood (“Coalition” or “Petitioner”) filed new petitions against imports of hardwood and decorative plywood from China, Indonesia, and Vietnam. The antidumping (“AD”) petitions allege…
World Bank Proposes Restructure of PAYE for Kenyans With Housing Levy Relief
Kenyans earning less could end up paying lower income taxes, Pay As You Earn (PAYE), if the government adopts proposals from the World Bank.
The global multilateral lender has proposed changes to Kenya's Personal Income Tax (PIT), which the…
Real cost of disasters is 10 times higher than previously thought, says UN
That’s according to a report released Tuesday by the UN’s disaster risk reduction agency, UNDRR.
While current estimates suggest the global economic impact of natural emergencies – such as earthquakes, landslides and floods – amounts to…
World Bank Slashes Kenya’s 2025 Growth Forecast To 4.5% Amid Rising Debt, Credit Challenges
The World Bank has revised down Kenya’s economic growth forecast for 2025, cutting it by half a percentage point to 4.5 per cent, citing mounting debt, high lending rates, and a contraction in private sector…
Bhutan’s external migration surges twofold from 12,000 to 25,000 in 4 years: World Bank
The latest World Bank Bhutan Development Update flags brain drain and weakening public service delivery due to rapid external migration trend observed in recent years. The annual report launched yesterday reveals that migration…
UP Principal Secretary Visits ISARC with World Bank Team to Explore Scalable Direct-Seeded Rice…
The discussions focused on identifying scalable strategies,…
The number of poor are falling in India; is it time to shift the poverty line now?
The above estimates are based on 2017 purchasing power parity terms and if you consider 2021 PPPs, we'll get a revised extreme poverty line of $3.00 (constituting a 15% higher threshold than $2.15 expressed in 2021 prices) and result in a…
Senegal and SUEZ win UN prize for model water partnership
A pioneering partnership between the Senegalese government and global water utility company SUEZ has earned top honours at the 9th International Forum on Public-Private Partnerships…
Connected Africa Summit 2025 Enters Day 2 with Focus on Digital Inclusion & Cybersecurity
The Connected Africa Summit 2025 commenced on May 26 at the Diamonds Leisure Beach & Golf Resort in Diani, Mombasa, marking a significant gathering of over 2,000 delegates from over 50 countries. Organised by Kenya’s Ministry…