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      World Bank report finds imminent risk of catastrophic famine in Gaza Strip

      news.movim.eu / TheGuardian · Wednesday, 20 March - 18:52

    Findings come as UN secretary general calls on Israel to give unconditional access to Gaza for aid relief

    Half the population of the Gaza Strip is at imminent risk of famine as food shortages approach catastrophic levels for more than a million people, the World Bank has warned.

    Almost six months after the war between Israel and Hamas began, the Washington-based Bank said urgent action was needed to prevent widespread deaths from starvation within the next two months.

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      We must address the shocking gender gap at global financial institutions | Letter

      news.movim.eu / TheGuardian · Thursday, 7 March - 18:39

    Eeshani Kandpal on the dismal lack of women leaders in some of the world’s important organisations

    In advance of International Women’s Day, your timely piece on the World Bank’s new report finding no equality for working women in any country ( 5 March ) was a stark reminder of the work left ahead. However, it’s important ask whether there is equality for working women at the World Bank itself, or any of the seven major international financial institutions (IFIs) that my colleagues and I studied in 2023.

    At the time we found that, though the share of women in leadership at these important institutions has doubled in the last two decades, not a single IFI had reached gender parity in its management ranks. Since the study was released, the European Bank for Reconstruction and Development has achieved gender parity in management – which is to say that only one IFI has achieved this at any point in time. It’s also worth noting that gender equality gains are easily reversed and prone to periods of stagnation.

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      No equality for working women in any country in the world, study reveals

      news.movim.eu / TheGuardian · Tuesday, 5 March - 11:08


    Global gender gap is far bigger than previously thought, as annual World Bank report takes childcare and safety issues into account for first time

    No country in the world affords women the same opportunities as men in the workforce, according to a new report from the World Bank, which found the global gender gap was far wider than previously thought.

    Closing the gap could raise global gross domestic product by more than 20%, said the report.

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      China needs to do more on ‘silent crisis’ of debt, says World Bank official

      news.movim.eu / TheGuardian · Wednesday, 21 February - 06:00


    Beijing must be more ready to support countries facing distress, says deputy chief economist

    China holds the key to speeding up debt relief and ending the “silent crisis” that is holding back attempts to tackle poverty in the world’s poorest countries, a senior World Bank official has said.

    Ayhan Kose, the Bank’s deputy chief economist, said Beijing needed to be more active in negotiations to provide financial support for those countries already in, or close to, debt distress.

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      World Bank accused of ‘turning blind eye’ to sexual abuse in Kenyan schools it funded

      news.movim.eu / TheGuardian · Monday, 4 December - 10:00

    Calls grow for independent inquiry after the bank’s internal watchdog found 21 cases of child sexual abuse by teaching staff

    The World Bank has been accused of failing to prevent child abuse at a school chain it funded in Kenya.

    The bank’s internal watchdog, the Compliance Advisor Ombudsman (CAO), found that the bank’s International Finance Corporation (IFC) had failed to satisfy its own environmental and social requirements before it started funding Bridge International Academies in 2014, and during its supervision of its investment in the project, which came to an end last year.

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