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MDBs Provide Record Climate Finance in 2022

A joint report by multilateral development banks (MDBs) published today finds that MDB climate finance reached a new record high in 2022. The announcement comes as delegates meet in Marrakesh, Morocco, for the World Bank (WB) Group and International Monetary Fund Annual Meetings, where scaling up public climate finance, in particular for low and middle-income economies, is one of the items on top of the agenda. ....

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RAPIDX regional train service to open for public this month, Auto News, ET Auto

“In another six months from now, 25 kms more will be added to the RAPIDX network. Stations at Muradnagar, Modinagar North, Modinagar South, and Meerut South will be ready for operations,” a senior government official told ET adding that this will mean border-to-border connectivity will be achieved between Delhi and Meerut using the RAPIDX service. ....

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World Bank should transform into 'better, bigger and more effective': FM

The headwinds to global economic growth, exacerbated by multiple and overlapping crises of recent years, and increasing geo-political tensions, threaten the achievement of the 2030 Sustainable Development Goals (SDGs). ....

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Banker says Trump's financial statements sometimes needed 'sanity checks'

Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official. ....

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1970s-style stagflation may be at risk of repeating itself, Deutsche Bank warns

A major Wall Street bank is warning about the risk of inflation expectations becoming unanchored in a fashion similar to the 1970s stagflation era. ....

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