The Latest Breaking News from the World Bank

The United States is working hard to counter China's influence in international institutions and in lending to developing countries, U.S. Treasury Secretary Janet Yellen said on Wednesday.

Ajay Banga: World Bank should focus on both poverty and climate change.

China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building "Belt and Road" infrastructure, a study published on Tuesday showed.

The past 30 years of economic growth and development could be reversed this decade if governments don't act.

Development projects can have profound impacts on their societies. There are many benefits that flow from building new roads and power plants, and from modernising agricultural practices. But they can also have permanent negative consequences.

The ex-president is a painter, his VP an avid fly fisher, while Tony Blair has built a property empire. They appear unrepentant

World Bank said the figure of $411bn over the next 10 years should be considered a minimum as the war continues.

A new World Bank report puts the cost of Ukraine’s recovery and rebuilding from Russia’s invasion at $411 billion over the next decade

Cost of rebuilding from Putin’s war rises to £336bn

World Bank among those urging levy to fund climate action in developing world and encourage fleets to upgrade

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…