Church leaders and climate activists have found fault with international lending agencies, including the World Bank, for funding fossil fuel and coal projects in the Philippines. “We stand in solidarity with the communities which are hit by coal power projects,” said Father Warren Puno, director of the Ministry of Ecology in south-central Luzon. “This is Read more
Posts Tagged ‘world bank’
Pandemic pushes 460,000 Cambodians into poverty
Thursday, December 1st, 2022
According to a World Bank Poverty Assessment Report, the Covid pandemic has forced around 460,000 Cambodians into poverty. It followed a decade of unprecedented economic growth and poverty reduction in Cambodia. At that time, the global economy was experiencing strong growth rates. The report “Toward A More Inclusive and Resilient Cambodia” notes Cambodia’s poverty rate Read more
The ecology of disease
Friday, July 20th, 2012
There’s a term biologists and economists use these days — ecosystem services — which refers to the many ways nature supports the human endeavor. Forests filter the water we drink, for example, and birds and bees pollinate crops, both of which have substantial economic as well as biological value. If we fail to understand and Read more
Are we winning the fight against global poverty?
Tuesday, March 13th, 2012
A World Bank report offers rare good news on global poverty. According to World Bank estimates released on Feb. 29, in every region of the developing world the percentage of extreme poverty, people living on less than $1.25 a day, and the total number of global poor declined between 2005 and 2008. World Bank researchers Read more
Vatican’s financial document complex route to publication
Friday, November 25th, 2011
The unusual and somewhat mysterious gestation process of Vatican documents came into the spotlight recently, thanks to a controversial white paper on economic justice. In essence, critics of the document – which called for a global authority to curb the excesses of financial markets – speculated that its authors had done an “end run” to Read more