Climate change could trigger internal migration of 216 mln people - World Bank

Without immediate action to combat climate change, rising sea levels, water scarcity and declining crop productivity could force 216 million people to migrate within their own countries by 2050, the World Bank said in a new report on Monday. The report, Groundswell 2.0, modeled the impacts ...

Reporting by Andrea Shalal; Editing by Daniel Wallis

Myanmar Fails to Advance in World Bank’s Ease of Doing Business List

Myanmar showed no improvement in its overall ranking in the World Bank’s latest ease of doing business index, retaining the No. 171 spot it held last year—and remaining the least favorable ASEAN member country in which to conduct business. Keep reading ...

In Laos, a World Bank 'model' dam and the myth of sustainable hydropower

It wasn’t a flood. It was a tsunami, Premrudee Daorung said of the wall of water that tore through the forests of Laos’ Attapeu province, snapping timber like matchsticks and flattening entire villages. Keep reading ...

Decline of Global Extreme Poverty Continues but Has Slowed: World Bank

Fewer people are living in extreme poverty around the world, but the decline in poverty rates has slowed, raising concerns about achieving the goal of ending poverty by 2030 and pointing to the need for increased pro-poor investments, the World Bank finds. The percentage of ...

World Bank shrugs off responsibility for hydro project in Laos

In January, the World Bank announced in a statement that the Nam Theun 2 Environmental and Social and Project had closed on December 31. The ESP, a component of the US$1.3 billion Nam Theun 2 Hydropower Project in central Laos, was established in 2005 to ...

These are the top destinations for Southeast Asia's migrants

Thailand, Malaysia, and Singapore, have become the region’s migration hubs and are now home to 6.5 million migrants from the Association of Southeast Asian Nations, the World Bank said. Myanmar and Indonesia are the top sources of migrants, the Washington-based lender said in a report ...

Michelle Jamrisko

Southeast Asia faces more currency risk than rest of region, World Bank says

Malaysia, and to a lesser degree Indonesia, Thailand and the Philippines, remain more exposed to exchange rate risk than other developing economies in East Asia and the Pacific as global financial conditions tighten, the World Bank said. Keep reading   ...

Karl Lester M Yap

Benefits flow as nation, World Bank join hands on water management

The World Bank has approved more than 207.2 billion kip (US$25 million) of additional financing for the Mekong Integrated Water Resource Management Project (MIWRM) in Laos. This additional support will continue to improve the country’s national water resource management systems. The Ministry of Finance and the ...

World Bank supports disaster risk management in Laos

The World Bank will provide US$30 million to Laos as part of its continuing support for disaster risk management projects that will enable the Asian nation to lessen the impact of natural disasters. The World Bank’s Board of Executive Directors in Washington recently approved financing ...

World Bank committing over US$2b to support three Asean nations

The World Bank is currently supporting 43 active projects in Laos, Myanmar and Cambodia, with commitments of over US$2.7 billion as of June, according to a recent report. Of the total figure, 18 projects are in Laos with the total commitment of US$437 million, while ...

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