Top of the Morning: World Bank to Boost Development Aid

Top stories from DAWNS Digest

World Bank Offers Big Boost in Aid to Select Countries

 A significant announcement from Jim Kim. “The World Bank plans to boost its overall funds for development by around 40 percent per year in order to stay relevant and help the world’s poorest people, the institution’s president said on Tuesday. The president, Jim Yong Kim, said the World Bank will focus its work on 10 countries — including India, China, Bangladesh and Democratic Republic of Congo — which are now home to 80 percent of the world’s extreme poor, who live on less than $1.25 a day. Kim said the bank’s annual commitments should grow to more than $70 billion a year in the next decade, from about $45 to $50 billion now. (Reuters

Bombings in Nairobi

The attacks come one week after a massacre at a church. “Three almost simultaneous blasts in the main Somali district of the Kenyan capital Nairobi Monday left at least six people dead and scores injured, said police, raising suspicions of terrorism…The three blasts targeted two small restaurants and a local clinic in a particularly densely populated area of Eastleigh, an area often known as Little Mogadishu because of its predominantly Somali population.” (Yahoo