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The Latest Breaking News from the World Bank

Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strain

A protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like Steve Geoffrey supporting his Kenyan family, face job insecurity and rising costs. While some nations saw initial remittance surges, others report slowing growth and workers depleting savings. Economists predict…

The Economic Times

Pakistan's Biggest Fear? India's Water Strategy

A river that has flowed peacefully for centuries is suddenly at the center of one of South Asia's most dangerous disputes. Pakistan's Defence Minister Khawaja Asif has issued a stark warning, saying Pakistan could go to war if it believes India's actions threaten its water security. The statement comes amid…

MyLifeXP

India taps World Bank, ADB for $2.5 billion infrastructure spend

India is in talks with the World Bank and Asian Development Bank for substantial funding. This financial support aims to boost urban infrastructure and create jobs. The loans will help New Delhi manage its budget after increased spending on subsidies. The government plans to upgrade infrastructure and urban renewal projects.

The Economic Times

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Has Sri Lanka recovered from its economic collapse? Three years after the crisis

Sri Lanka, once a symbol of economic collapse, has achieved remarkable stabilisation. Fuel shortages and soaring inflation have receded, with economic growth returning and tourism booming. While international lenders praise the IMF-backed reforms, significant challenges like high public debt and low investment persist, indicating recovery is still incomplete and transformation…

The Times of India

Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas

“There’s no way all these infrastructure investments can be financed by the local banking ecosystems,” Lottner says. “Vietnam’s deposit-generating capacity just isn’t big enough.”

Fortune

50 million Africans connected to power in ‘unprecedented’ partnership between aid agencies

IN FOCUS: Exclusive: Agencies including the World Bank and the Africa Development Bank tell Nick Ferris how their new partnership, Mission 300, has been able to transform energy access in Africa even as foreign aid budgets have been cut

The Independent UK

Development banks must evolve

Multilateral development banks (MDBs), chief among them the World Bank, were established to provide capital to developing countries that couldn't raise it at home or on affordable terms abroad. For decades, they filled that gap. But as more countries move from low- to middle-income status (according to the World Bank's…

Bangkok Post

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Macron frames Évian G7 agenda in hope Trump will stay for whole summit

US president left last meeting early, but world leaders aim to end Ukraine war and push for resolution in Gaza and Iran

The Guardian - UK

Charting the Global Economy: War pushes up prices, dents growth

The Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly three years.

The Economic Times

Developing Economies Face a 'Lost Decade' as Iran War Drives Global Economic Strains, World Bank Warns

The lender downgraded growth forecasts for roughly two-thirds of the world's economies, citing disruptions to energy markets and trade routes linked to the conflict

Latin Times

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GEN:World Bank expects weakest global growth since pandemic

The World Bank has cut its global growth forecast for 2026 to 2.5 per cent due to the war in the ‌Middle East.

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AAP

World Bank expects weakest global growth since pandemic

The World Bank has cut its global growth forecast for 2026 to 2.5 per cent due to the war in the ‌Middle East.

The Economic Times

India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World Bank

India will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This moderation is due to higher energy prices and input costs. However, the economy is expected to rebound to 7.2 percent growth in fiscal 2027-28. Domestic demand remains robust, supporting…

The Economic Times

World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran war

Global economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices and created uncertainty. Developing nations face a significant slowdown. While the US economy remains resilient, other countries are experiencing harder impacts. Disruptions in energy…

The Guardian - UK

Global growth is slowing to lowest level since pandemic, says World Bank

Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East

The Independent UK

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

The Economic Times

Despite geopolitical crisis, India's economic fundamentals and strategic partnerships will sustain growth: World Bank

India's economy shows strong growth potential. The World Bank believes this momentum will continue. Investments in people and businesses are key. Expanding international partnerships also supports this growth. India's favorable business environment attracts investment. The large consumer base and trade agreements offer opportunities. The food processing sector is particularly promising…

International Business Times

Rebuilding Gaza Will Cost Tens Of Billions, But Money Is Not The Main Problem

Gaza has rarely lacked financial commitments. After the 2014 war, donors pledged $5.4bn at the Cairo Conference on Palestine Reconstruction 2014. More broadly, cumulative international assistance to the Palestinian territories has run into tens of billions of dollars over the past two decades, according to the World Bank.

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