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Fossil fuel and agricultural subsidies should be redirected to climate action, Ajay Banga suggested at the bank's annual meeting.

Learn why the need for countries to spend more on their development should not obfuscate another key requisite for success: countries can and need to spend better. 

Despite promises made at the Cop26 climate summit in Glasgow to reduce fossil fuel subsidies, a report has shown that G20 nations poured a record €1.3 trillion into the fossil fuel industry in 2022. 

The World Bank has called on Ghana and other countries across the world to consider redirecting the trillions of money spent on “inefficient...

How do we address climate change, reduce poverty, and boost shared prosperity on a livable planet? Climate change is one of the defining issues of our time, and no country is immune. On this episode of The Development Podcast, we hone in on voices across Africa about the experience of climate change and how it intersects with poverty, and we hear from the World Bank’s Chief Economist for Sustainable Development in Washington, DC. Tune in as we speak with Cathy Kamamu, a farmer from Kenya, Prof...

‘Inefficient government subsidies’ undermine SA’s energy transition, a recently published paper by the International Monetary Fund has found.

A United Nation's top humanitarian official in Nigeria, Mr Matthias Schmale, has revealed  that severe hunger is affecting at least 4.3 million people in some states in Nigeria, such as Borno, Adamawa and Yobe.

A report from the World Bank this week urges nations to redirect the money from subsidy programs to fighting global heating.

A new World Bank report says hundreds of billions of dollars of subsidies to energy producers need to be used instead to "ensure a green and just transition."  By Kenny Stancil Common Dreams The World Bank last week reached a conclusion that environmentalists have been hammering for decades

Nigeria, India, and the Democratic Republic of Congo have topped the list of countries with the highest poverty and pollution exposure.