Page 54 - Development Report News Today

On July 28, 2022, temperatures in Baghdad reached a blistering 51.8°C (125.2F) – the hottest day Iraq has ever recorded. Such extreme weather events are bound to become more frequent in Iraq and the broader Middle East.

The World Bank is pushing for the conduct of climate stress testing by banks to better understand and cope with climate and environmental risks.

Climate change and environmental-related natural disasters are associated with massive human losses, physical damages, and economic and fiscal losses, all affecting countries' ability to meet their development goals.

On July 28, 2022, temperatures in Baghdad reached a blistering 51.8°C (125.2F) – the hottest day Iraq has ever recorded. Such extreme weather events are bound to become more frequent in Iraq and the broader Middle East. As one of the regions most affected by climate change, temperatures in the Middle East rise twice as fast as the rest of the world. The consequences are severe, including significant water shortage, a large contraction in land under cultivation, and extensive electricity outag...

Jordan and the World Bank (WB) on Monday sealed two new loan agreements to support climate-responsive investments and...

APRIL 27 Featuring

As the global economy continues to be battered by a series of crises, senior UN officials and government representatives are converging on UN Headquarters in New York, in an attempt to transform the international financial system, and get the internationally-agreed 2030 Agenda for Sustainable Development back on track.

Developing countries are facing years of difficulty as the global economy slows down amid heightened financial turbulence, cautions UN trade and development body UNCTAD, which...

Pakistan faced the horrors of climate change in the form of disastrous floods of 2022. According to the report of the National Disaster Management Authority,

This Trade and Development Report Update warns that developing countries are facing years of difficulty as the global economy slows down amid heightened financial turbulence.