KABUL — The World Bank warned Tuesday that any abrupt cut in foreign aid to Afghanistan over the next several years could destabilize the country and prevent the government from providing basic services and paying for its soldiers and police. Concern has been growing in Kabul about how the Afghan economy will weather the withdrawal of U.S. and NATO troops starting this year and adjust to lower levels of the foreign aid that now props up the state. This year, Afghanistan received $15.7 billion in aid, most of it from the United States — an amount that accounts for 92 percent of all public spending. Read full article > >

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Afghanistan to need billions in aid for years, World Bank says

Growth in the developing economies of East Asia is moderating because of weakening external demand, said the World Bank in a report.

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Weak demand hits Asian economies

“We are back in a danger zone,” says a top economist at the International Monetary Fund. Though an understatement, it captures the central paradox of this year’s annual meeting of the IMF and World Bank . Everyone is alarmed at the swift deterioration of the economic outlook, but there is no leadership — no consensus on what to do or, even when crude agreement exists, little conviction that practical politics will permit action. There is a hazardous vacuum of ideas and power. Read full article > >

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Repeating mistakes of the 1930s

“We are back in a danger zone,” says a top economist at the International Monetary Fund. Though an understatement, it captures the central paradox of this year’s annual meeting of the IMF and World Bank . Everyone is alarmed at the swift deterioration of the economic outlook, but there is no leadership — no consensus on what to do or, even when crude agreement exists, little conviction that practical politics will permit action. There is a hazardous vacuum of ideas and power. Read full article > >

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Repeating mistakes of the 1930s

The World Bank announces it is increasing funding for the drought in the Horn of Africa to nearly $2bn as the UN estimates 10,000 people have died.

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World Bank increases drought aid

Markets are in a “new danger zone” as investors have lost confidence in the economic leadership of several countries, the World Bank president says.

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Global markets in ‘danger zone’

The president of the World Bank, Robert Zoellick, warns that the world is “one shock away from a full-blown crisis”.

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World Bank chief warns of crisis

If there is one overriding theme that has dominated the spring meetings of the International Monetary Fund and World Bank that concluded Saturday in Washington, it is this: We’re not out of the woods yet.

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IMF, World Bank meetings: Leaders say global economy recovering but still at risk

The World Bank says rising food prices, driven partly by rising fuel costs, are pushing millions of people into extreme poverty.

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Food prices ‘threaten millions’

Japan may need up to five years to rebuild from the disastrous earthquake and tsunami, the World Bank says.

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Japan recovery to take five years

The World Bank says escalating food prices have pushed 44 million more people into poverty since last June.

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Food prices at ‘dangerous levels’

Two Chinese state controlled banks lend more to developing countries than the World Bank, according to a report.

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China lends more than World Bank

Two Chinese state controlled banks lend more to developing countries than the World Bank, according to a report.

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China lends more than World Bank

The global economy will slow this year, with developing countries providing a greater share of growth, the World Bank says.

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Global growth to ‘slow in 2011′

The federal Fish and Wildlife Service places seven birds found almost entirely in Brazil on the endangered species list.

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Green: 7 Brazilian Birds on U.S. Endangered List