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AsiaAnalysis

World Bank’s first DRIVE project names an Asia fund, but not yet the money flow

The World Bank Group says the first project under its DRIVE framework is an IFC participation in a private fund targeting US$750 million for South and Southeast Asia. The announcement moves the initiative from concept to named vehicle, but the public record still does not show final commitments, drawdowns, country allocations or safeguard terms.

· News Desk

GovernanceAnalysis

World Bank installs Michael Kremer as chief economist; the real test is whether research priorities change

Michael Kremer’s appointment, announced on 16 September 2026 and effective from 1 October, gives the World Bank a chief economist whose profile stresses tested interventions, market-shaping tools and AI. The current record shows the personnel change and its likely intellectual signal, but not yet any documented shift in Development Economics staffing, budgets or lending practice.

· News Desk

AsiaAnalysis

World Bank puts new Bangkok chief over Thailand and Myanmar, but Thailand strategy is still a plan until approvals and financing are documented

The World Bank says Stephen N. Ndegwa took over its Thailand and Myanmar division on 1 September 2026, days before its Board discussed a new Thailand Country Partnership Framework. The published record now shows leadership and strategic priorities, but not yet formal approval, signed financing or named delivery arrangements for Myanmar.

· News Desk

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