BusinessDiletta Doretti has assumed her post as World Bank Group Country Manager for El Salvador, tasked with unifying the institution's public and private sector operations. Her mandate focuses on bolstering job creation and investment as the country seeks to expand access to economic opportunities for its citizens.
BusinessWhile India’s government successfully navigated the first four months of FY27 with disciplined spending and robust tax collections, a downward revision in nominal GDP growth projections threatens the 4.3 percent fiscal deficit target, forcing a potential tightening of expenditure in the coming months, according to Union Bank Research.
The sound of school bells returned to Lukashi village this week, marking the first time students have entered their local classrooms since Russian forces damaged the building early in the invasion. For the 119 children now walking through the doors, the facility offers far more than a desk and a textbook.
BusinessEscalating conflict in West Asia and a sharp spike in crude oil prices have forced a retreat in Indian markets, stalling the momentum generated by robust domestic economic data. On Wednesday, the BSE Sensex shed 713.42 points, while the NSE Nifty 50 slipped 197.80 points as investors pivoted toward a risk-off strategy.
BusinessEmerging economies face a deepening fiscal squeeze as debt-servicing costs increasingly cannibalize budgets for health and education. A new World Bank report argues that instead of reflexively raising tax rates, governments should modernize revenue collection through digital infrastructure, radical transparency, and the systematic elimination of unproductive tax exemptions.
BusinessBotswana has launched its first comprehensive mapping of the digital environment for cultural and creative industries, aiming to replace fragmented assumptions with hard data. The UNESCO-backed initiative seeks to identify the needs of artists and entrepreneurs to better align government policy with the realities of the sector.
BusinessStephen N. Ndegwa will transition to Bangkok on September 1, 2026, to oversee the World Bank’s operations in Thailand and Myanmar. The appointment places the veteran development strategist at the helm of two divergent portfolios: one focused on driving Thailand toward high-income status and the other navigating Myanmar's acute humanitarian crisis.
BusinessUrmila Devi, a farmer in Uttar Pradesh, no longer waits for an expert to inspect her wilting crops; she simply snaps a photo. Across India, lightweight artificial intelligence tools are transforming rural agriculture by providing instant, localized guidance on pests, weather, and market prices directly via standard smartphones.
BusinessMultilateral development banks have committed to a coordinated strategy to fortify fertilizer supply chains, aiming to insulate smallholder farmers from the volatility of global markets. This initiative seeks to prevent supply disruptions and price spikes that have historically forced low-income households into deeper food insecurity during international crises.
BusinessThe HSBC India Manufacturing Purchasing Managers' Index slid to 52.8 in August, marking its third consecutive monthly decline. This drop pushes the sector below its long-run average of 54.2, as both production output and incoming new orders decelerated to their weakest growth rates in five years.
BusinessMasato Kanda secured a second term as President of the Asian Development Bank following a unanimous vote by the Board of Governors. His new five-year tenure begins on 24 November 2026, tasking him with navigating the institution through regional economic volatility, mounting climate pressures, and persistent global market shocks.
BusinessWhile Tajikistan has successfully reduced poverty and maintained stability, the nation’s next development phase requires shifting from remittance dependency toward sustainable domestic employment. UN independent expert Attiya Waris warned that unless growth reaches rural families, women, and youth, the current economic trajectory will fail to provide long-term opportunity.
BusinessA new €250 million financing agreement between EIB Global and Banco do Brasil aims to unlock €500 million in microcredit for women entrepreneurs across the Brazilian Amazon. The initiative targets 50,000 small business owners, providing the capital necessary to expand operations and secure long-term financial stability in remote regions.
BusinessNuclear science is reshaping agriculture in the Lao People's Democratic Republic, where farmers now rely on high-yield, mutation-bred rice to combat climate instability. By integrating lab-developed genetics with traditional farming experience, the initiative provides a resilient alternative to local crops vulnerable to flooding and disease.
BusinessDespite a robust 7.8 percent GDP growth in the first quarter, Indian benchmark indices opened in the red on Tuesday. Investors sidelined the positive domestic macroeconomic data, choosing instead to focus on a cocktail of rising crude oil prices, elevated US Treasury yields, and persistent global market volatility.
BusinessWith oil production plummeting nearly 40 percent since 2015, Angola faces a narrowing window to stabilize its public finances. An IMF assessment suggests that lowering the national debt anchor to 51 percent of GDP is necessary to insulate the country from the volatile commodity cycles that currently dictate its fiscal health.
BusinessTreating Brazil, Russia, India, China, and South Africa as a singular model for decarbonization ignores the unique social and institutional realities shaping their emissions. A recent study published in Sustainability reveals that common energy-transition policies often fail to account for the deep structural differences between these five emerging nations.
BusinessMorocco is pivoting from a simple host for renewable energy projects toward a complex hub for battery and hydrogen manufacturing. A new study examining Chinese-Moroccan cooperation highlights that attracting foreign capital is only the first step; the real challenge lies in building domestic industrial capabilities that endure.
BusinessWith opening sugar inventories projected to hit a decade low of 3 million tonnes by October 2026, India faces a tightening supply cycle. This thin buffer leaves little room for error, forcing policymakers to navigate a volatile intersection of poor weather, ethanol mandates, and competing demand for grain-based feedstocks.
BusinessWith 30% of the world's mineral reserves yet receiving less than 10% of global exploration spending, African nations are leveraging the upcoming Mining Week in Cape Town to shift from raw material exporters to influential price setters in the critical minerals market.
BusinessThe European Investment Bank is injecting €100 million into Elekta AB, a Stockholm-based medical technology firm, to accelerate the development of next-generation cancer and neurological treatments. This capital commitment will finance half of the company’s planned €200 million research initiative scheduled to run through 2029.
BusinessWith domestic production stagnating, India faces a looming spike in liquefied natural gas costs starting in September. Despite spot prices exceeding $20 per million British thermal units, local demand remains stubborn, forcing downstream industries to absorb significant margin pressure rather than cutting back on consumption levels.
BusinessAdvanced economies face a potential loss of 0.7 percentage points in annual per-capita GDP growth as climate change, aging populations, and geopolitical fragmentation converge. While artificial intelligence offers a promising boost to productivity, the International Monetary Fund warns that technology alone is insufficient to offset these combined structural headwinds.
BusinessConflict between government spending authority and actual cash availability has paralyzed infrastructure development in Papua New Guinea, prompting an IMF-backed proposal to shift from reactive monthly rationing to a system of quarterly commitment planning designed to restore private sector confidence and stabilize the national capital budget.
BusinessWhile Asia-Pacific tourism has surged back to pre-pandemic heights, reaching a $3.2 trillion economic contribution in 2024, the Asian Development Bank warns that physical infrastructure alone is insufficient. True resilience requires a fundamental shift toward simplified visa systems and harmonized aviation policies to turn transit hubs into viable economic corridors.
BusinessWhile China’s massive release of government data has spurred business creation and job growth across hundreds of cities, a new Asian Development Bank study warns of a darker trade-off. Increased transparency is widening the wage gap between executives and ordinary workers while simultaneously eroding essential employee benefits and protections.
BusinessWhile Africa has spent decades slashing tariffs to boost commerce, the continent's economic output remains stunted by internal fragmentation. A new World Bank–Agence française de développement report suggests the real barrier is not insufficient trade, but a lack of integrated logistics, payment systems, and industrial infrastructure.
BusinessThe African Continental Free Trade Area has established a massive framework for unity, yet the real test lies in the mundane mechanics of daily commerce. A new World Bank report suggests that the continent’s economic future depends on fixing disconnected customs, payment systems, and infrastructure that currently stall regional trade.
BusinessThe Asian Development Bank has unveiled a $400 million initiative, the Border Upgrades for Integration, Logistics, and Development facility, aiming to dismantle the administrative and physical bottlenecks that stifle trade across the CAREC region, where outdated inspection systems often negate the benefits of modernized transport corridors.
BusinessSix development teams from across Latin America and the Caribbean have been named finalists for the IDB Group’s Superheroes of Development award. The initiative shifts the focus from final outcomes to the messy reality of implementation, highlighting how teams in Paraguay, Belize, Bolivia, Costa Rica, El Salvador, and Colombia navigated setbacks.