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December 22, 2024
 

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WORLD BANK

International Monetary Fund (IMF) and World Bank Fall meetings signage outside the IMF headquarters in Washington on Sunday
BUSINESS / Economy
Oct 21, 2024
As poor nations' default wave peaks, a cash shortage could replace it
The issue, and what to do about it when Western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings this week.
Afghan women after an earthquake in Herat, Afghanistan, on Oct. 10, 2023
BUSINESS / Economy
Oct 14, 2024
Poorest nations in worst financial shape since 2006, World Bank says
The World Bank report finds these economies are poorer today, on average, than they were on the eve of the COVID-19 pandemic.
Independence Square in central Kyiv
BUSINESS
Oct 11, 2024
World Bank board approves new Ukraine fund, sources say
The fund will help fulfill a pledge by Group of Seven rich democracies to provide Ukraine with up to $50 billion in additional funding by the end of the year.
The world's multilateral development banks must shift to a growth-focused approach that stabilizes economies without forcing them to cut essential public spending.
COMMENTARY / World
Sep 27, 2024
The world needs bigger and better financial firefighters
The world's multilateral development banks must shift to a growth-focused approach that stabilizes economies without forcing them to cut essential public spending.
Hiroshi Matano, executive vice president of the World Bank Group's Multilateral Investment Guarantee Agency, during an interview in Washington on Tuesday.
BUSINESS / Economy
Jul 8, 2024
World Bank official backs Japan to show regional climate leadership
There is significant room for emissions reductions in the Asia-Pacific region.
A rohingya refugee child from Myanmar walks along the road in the evening at Balukhali camp in Cox’s Bazar, Bangladesh, in 2018.
ASIA PACIFIC
Jun 12, 2024
Myanmar poverty deepens, economic growth stagnant, World Bank says
The ongoing civil war in Myanmar has displaced over 3 million people and raised poverty rates to 32.1%, reverting to 2015 levels.
Delegates meet for the Development Committee Plenary during the World Bank and IMF 2024 Spring Meetings in Washington on Friday.
COMMENTARY / World
Apr 24, 2024
Negotiating a bigger, better World Bank
Recent changes at the global lender are important steps toward making the World Bank’s financial model fit for “ending poverty on a livable planet.”
The problem many developing countries have in repaying their debts might be even bigger than the world realizes, as many sovereign debts are hidden.
COMMENTARY / World
Apr 10, 2024
Tackling the world’s hidden debt problem
Low-income countries are struggling to repay their debts. Better transparency and accounting systems could help them tackle this challenge.
The world needs to avoid the mistakes and pitfalls that go with providing debt relief and should craft sustainable solutions for financially distressed nations. 
COMMENTARY / World
Mar 1, 2024
Developing countries’ never-ending debt crisis
Creditors have a role in resolving debt crises. This means all eyes are on China, which is the single most important creditor for debt distress.
International Monetary Fund Managing Director Kristalina Georgieva (right) speaks during the World Governments Summit in Dubai on Monday.
BUSINESS / Economy
Feb 13, 2024
IMF and World Bank warn Gaza and Red Sea chaos imperils global economy
The Israel-Hamas war and its knock-on effects could impact the world the longer the fighting drags on, IMF chief Kristalina Georgieva said.
Changes from the World Bank are part of broader reform efforts to expand the development lender's mission to tackle climate change and other global crises, and vastly enlarging its lending capacity.
BUSINESS / Economy
Feb 2, 2024
World Bank to offer access to emergency funds from existing loans
The move will offer nations hit by a hurricane, earthquake or pandemic a liquidity burst that could reduce hardship.
Ajay Banga, president of the World Bank Group, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17
BUSINESS
Jan 23, 2024
World Bank chief eyes 'bigger' institution to tackle climate crisis
Ajay Banga said the bank is working to widen the way it looks at problems and increase collaborations with other institutions.
A road is flooded in Mehar, Pakistan, in August 2022.
WORLD
Nov 5, 2023
Climate negotiators reach framework to aid vulnerable countries
Delegates meeting in Abu Dhabi agreed late Saturday that the World Bank will host a new Loss and Damage Fund on an interim basis for four years.
A woman walks past a market in the southern Lebanese city of Sidon. Lebanon is one of nine Arab nations using an algorithm-powered poverty assessment formula funded by the World Bank that ranks welfare applicants according to dozens of different data points.
WORLD / Society
Oct 5, 2023
In Middle East, poor excluded from welfare by 'faulty' algorithms
Around the world, 40 countries use an algorithm-powered poverty assessment formula funded by the World Bank to rank welfare applicants.
A villager amongst the rubble of destroyed buildings following an earthquake near the town of Amizmiz, in the Al Haouz region of Morocco, on Sunday.
WORLD / Society
Sep 12, 2023
Morocco planning to hold IMF-World Bank meetings despite quake
The meetings in Marrakech were originally scheduled for 2021, but were postponed twice due to the COVID-19 pandemic.
Anti-World Bank protestors gather outside where the International Monetary and Financial Committee’s plenary session was being held in Washington in mid-April. 
COMMENTARY / World
Aug 28, 2023
The global order’s triple policy challenge and the tasks ahead
With public and private debt at record levels, political leaders face the monumental task of allocating resources to address critical global challenges.
Activists dressed as debt collectors call for finance action during a demonstration outside the IMF-World Bank headquarters in Washington in October 2021.
COMMENTARY / World
Jul 28, 2023
The World Bank reflects our ambition
In an environment of intertwined challenges, such as an existential climate crisis, pandemic recovery and a crippling European war, the World Bank has never been more relevant.
Japan Times
WORLD / ANALYSIS
Jun 24, 2023
Paris finance summit breaks new ground in climate and poverty fight
France hammered home a key underlying principle for the reforms under discussion — that 'no country should have to choose between fighting poverty and fighting for the planet.'
Japan Times
COMMENTARY / World
Jun 22, 2023
Making development bank lending safe for poor countries
The Macron Summit on global financing will seek to enhance fragile economies’ access to the funds needed to cope with development challenges.
Japan Times
BUSINESS / Women at Work
Jun 13, 2023
From Japan to the U.S. and back: Thriving as a woman in international finance
Chikako Matsumoto achieved her dream of joining the World Bank, and later returned to her home country and executive roles there.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Ride-hailing restrictions to be eased during 2025 Osaka Expo
A venue for the 2025 Osaka Expo in the city of Osaka
Foxconn's interest in Nissan said to be on hold amid Honda merger talks
Foxconn’s pause in its pursuit of Nissan is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.
With rare Asia carrier deployment, France seeks greater interoperability
The flight deck of the French Navy's Charles de Gaulle aircraft carrier during a stop at Changi Naval Base in Singapore in May 2019

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Yasuyuki Yoshida stirs a brew in a fermentation tank at his brewery in Hakusan.
The quake that shook Noto's sake brewing tradition
By Alex K.T. Martin

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