World Bank

China's Belt and Road tempts states

China's massive Belt and Road Initiative (BRI) building push may create debt risks but is also responding to major infrastructure gaps in Asia and could boost global trade, World Bank officials say.

16 October 2018

Seeds of next global financial crisis being sown

Rising United States (US) interest rates, tanking emerging market currencies and a bitter US-China trade spat could push the world towards its next financial crisis but there is still time to avert disaster, global finance chiefs have said.

15 October 2018

Time to invest in human capital

The wealth of nations is often measured by its physical, natural and institutional resources. Seldom, if ever, are their human capital considered as economic resources.

14 October 2018

IMF chief: Leaders need to fix economic models

World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund (IMF) chief Christine Lagarde said Wednesday, in a rebuke to nationalist politicians pushing tariffs and protectionism.

11 October 2018

Lao PDR: Southeast Asia’s factory

Until 1953, Lao PDR was a French colony. Following a successful overthrow of the country’s monarchy in the mid-seventies by communist forces, Lao PDR then spent years in isolation.

20 July 2018

China’s creditor imperialism

This month, Sri Lanka, unable to pay the onerous debt to China it has accumulated, formally handed over its strategically located Hambantota port to the Asian giant.

23 December 2017