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November 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.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

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

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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