World Bank and IMF Urged to Adopt New Economic Paradigm

Today 16:16 Key points summarised by AI

A broad coalition from Bangkok Climate Action Week (BKKCAW) issued an open letter urging the IMF and World Bank to shift from extractive to regenerative economic models during their annual meetings in Bangkok.
The letter stresses that incremental policy adjustments are insufficient for compounding global crises, highlighting Southeast Asia's potential to lead with alternative, sustainable development models.
The coalition outlined 10 core pillars for collaboration, including moving beyond GDP by embedding environmental and social metrics, aligning financing with global climate goals, and prioritizing investments in just transitions and regenerative food systems.
This call aims to prompt global financial institutions to rethink international finance to support a resilient, inclusive future, particularly for Southeast Asia, amidst growing local climate challenges.

Bangkok starts two days of road closures for IMF-World Bank meetings

Today 14:56 Key points summarised by AI

Ratchadapisek Road (between Asoke Montri and Rama IV intersections) is closed for two days, beginning today, due to heightened security for the 2026 IMF-World Bank Group Meetings.
Motorists are advised to avoid the area and plan journeys in advance, with public transport (MRT, official shuttles) recommended for attendees and the public.
The MRT Queen Sirikit National Convention Centre station remains operational, providing access for residents, workers, and badged conference participants.
BMTA bus route 136 has been temporarily diverted, with passengers encouraged to contact the BMTA for updated route information.