The Latest Breaking News from the World Bank

The World Bank approved a new country partnership framework (CPF) for Egypt for the financial years 2023-2027 providing the country with $7 billion in funds, the lender said on Wednesday. The CPF will entail $1 billion per year from the International Bank for Reconstruction and Development (IBRD) and about $2…

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

'What gets measured gets done." It is a well-worn maxim attributed to everyone from management guru Peter Drucker to physicist Lord Kelvin. Regardless of who said it first, the point is a crucial one: If there are no data illustrating a problem or imbalance, it is unlikely to be a…

The World Bank on Monday said the February earthquakes are expected to have caused Syria's real GDP output to contract by 5.5% in 2023, with recovery and reconstruction needs estimated at $7.9 billion over three years.

Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage from strong earthquakes, in an effort to shore up risks to public debt from possible natural disasters.

Lebanese central bank governor Riad Salameh maintained his innocence Friday following a second and final day of questioning in Beirut before European investigators in a probe into his personal wealth. Salameh, 72, is part of the Lebanese political class widely blamed for a crushing economic crisis that began in late…

Lebanon has to audit its state electricity company among other reforms the World Bank has required before it will consider funding Lebanon's worn-down electricity sector, the bank's regional vice president Ferid Belhaj said on Tuesday. Public provision of electricity in Lebanon has been poor since the country's 1975-90 civil war…

Egypt announced that unemployment rates dropped to the lowest in nearly 19 years, citing several international institutions that projected further job growth in the coming years. The Cabinet Media Center published a report noting a positive change in the international view of the country's unemployment and employment levels. The World…

Disability rights activist who helped shape global protocols and played a decisive role in fighting discrimination in the US