The Latest Breaking News from Ajay Banga

The World Bank has significantly scaled up its ambition to connect Africans to the electricity grid by 2030, from 100 million to more than 250 million, the Bank's president said Wednesday.

Pressure piles on World Bank and IMF to steer countries to low-carbon transition at spring summit

Editorial: Many low-income nations are having to spend more on interest payments than vital sustainability goals. That needs to change

Poverty reduction drive all but halted across many nations as Bank calls for more money to tackle a ‘great reversal’

Brazilian president Lula’s proposals have the backing of the World Bank. Now we need action

Fragile recovery, low growth, global debt, AI, the climate … The organisations founded in 1944 have lots to talk about this week

Simon Stiell calls for reform at development banks to enable governments to provide more climate finance to developing world

The International Monetary Fund confirmed Thursday that its current managing director is the only candidate to lead the global financial institution once her first term expires later this year.

This content discusses the highlights of the recent World Economic Forum, including discussions on presidential elections, conflicts, climate change, and t...

The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.

Activists had a series of events and actions lined up Tuesday at the United Nations climate summit seeking to amp up pressure on conference participants to agree to phase out coal, oil and gas, responsible for most of the world’s emissions, and move to clean energy in a fair way