World Bank board approves $1.49 billion in funds for Ukraine – National |

The World Bank said on Tuesday its board of executive directors approved $1.49 billion of additional financing for Ukraine to help pay wages for government and social workers, expanding the bank’s total pledged support for Kyiv to over $4 billion. The World Bank said in a statement that the latest round of funding for Ukraine … Read more

World Bank to spend US$130 million on infrastructure in Solomon Islands

WELLINGTON: The World Bank plans to step up assistance to the Solomon Islands with US$130 million in new funding for projects and assistance expected to be allocated to the country this month. The funding includes US$89 million to upgrade airport infrastructure, including in the capital Honiara, and make improvements to four bridges, the bank said … Read more

Indo-Pacific economic bloc irks China but it may not be all bad for region

The Indo-Pacific Economic Framework signals the start of competition within global institutions between the US and China. While this could have destructive effects, it also has the potential to inspire institutional reform and for great powers to provide more public goods.