Fiji has become the first emerging market to issue a sovereign green bond, raising 100 million Fijian dollars, or US$50 million, to support climate change mitigation and adaption.
The social status of one’s parents is as influential today as it was 50 years ago in determining a person’s future, according to early findings from an upcoming World Bank report, Fair Progress? Educational Mobility Around the World.
When, in 1972, Nixon pointed out to Mao Zedong that "the Chinese President changed the world", Mao just answered "no, only something on the outskirts of Beijing." In the mind of the Chinese President, a Taoist poet, that was the sense of the natural centrality of the "Middle Empire" compared to the First World (the United States and the USSR, namely "the barbarians of the North"), to the Second World (namely the servants of either power) and to the Third World, the region that was bound to be represented and dominated by China.
China and Madagascar have a very long-term relationship. Their connection finds its way back in history. A silky road has already tied the two countries centuries ago. Indeed, from the 13th and 14th centuries, in the Yuan dynasty, China already had three routes to Africa, one of them includes Madagascar.
Highlights: 1. Chinese President Xi Jinping described a two-stage plan for China's "socialist modernisation" by 2050, which would see it become more "prosperous and beautiful" through environmental and economic reforms;
The Indian railways' network is one of the largest in the world and the second largest in Asia, next only to China. To put things into perspective, India is the seventh largest country in the world, a third the physical size of its neighbour, China. The Indian Railways is entirely owned by the Government of India and is operated by the Ministry of Railways. It operates several hundred Express,
The Asian Development Bank (ADB) has raised 11 billion Indian rupees (Rs), about $169 million, from a new issue of offshore Indian rupee-linked bonds.
Economic growth for the Europe and Central Asia region will reach 2.2% in 2017, according to the World Bank’s latest Regional Economic Update, Migration and Mobility in Europe and Central Asia. This represents the strongest growth in the region since 2011, and is 0.3 percentage points above the Bank’s previous forecast in May 2017.