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The Latest Breaking News from the World Bank

Trump's Blockade Has Cost Tehran $6bn in Oil Revenue and the Rest of the World Is Feeling It

Iran's oil exports have dropped to a six-year low due to a US naval blockade, causing significant economic strain and impacting global energy markets.

International Business Times UK

When global trade becomes a weapon, how can African economies protect themselves?

“Today, everyone recognises that trade is as much a security issue as an economic one.”

The Conversation

Canada must rethink how it contributes to international climate finance

The Canadian government recently renewed its international climate finance commitments with the spring economic update in April. Given recent major cuts to development aid in Canada and internationally, this news brought relief to climate researchers and advocates.

The Conversation

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South Africa’s fuel supply and the Iran war: data black holes and low strategic stock put the country at risk

The supply of crude oil to the world had been reduced by about 7.5% to 10.1% by March 2026 in what the World Bank described as the largest oil market disruption in history. The fall was a result of the attacks on Iran by Israel and the US and the…

The Conversation

Trump’s $17 Billion “Board of Peace” for Gaza is now stuck in legal limbo with zero dollars

It turns out the UN’s job is not that easy after all.

We Got This Covered

Industrial policy ideal for an age of uncertainty

Industrial policy is back, and with a vengeance. After decades of preaching neoliberalism, Western policymakers and intellectuals have rediscovered the role of the state in economic development.

Bangkok Post

India’s GDP revisions explained: What changed and why it matters

Amidst the ongoing West Asia crisis, the Indian economy is expected to take a hit: the World Bank’s latest projections suggest that the country’s GDP growth could fall to 6.6 percent in this financial year.

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Why Are MAGA Republicans Turning on Donald Trump Over Iran?

Donald Trump faces growing criticism within the Republican Party over negotiations with Iran, with divisions emerging over whether to maintain pressure on Tehran or pursue a diplomatic resolution, a split that could shape US foreign policy and regional security.

International Business Times UK

“Rubbish roads” in Nepal: Turning plastic waste into roads to create cleaner cities

Waste management of plastics in Nepal has turned out to be the most pressing environmental issue for the nation. With increasing rates of plastic production and usage, as well as insufficient recycling infrastructure in rapidly growing urban areas like Pokhara and Kathmandu, the level of pollution has become very high…

The Times of India

G7 finance ministers explore responses to Iran war fallout

Global finance leaders met in Paris to address economic fallout from the Middle East conflict. France's finance minister called for increased aid for vulnerable nations. Discussions also covered diversifying critical mineral supplies and maintaining pressure on Russia. G7 nations aim to build new partnerships amid global tensions and trade system…

The Economic Times

Assam chief secy, World Bank reviews projects worth Rs 16,648 crore

Assam's Chief Secretary Ravi Kota met with World Bank officials to review ongoing projects. These projects, valued at Rs 16,648 crore, cover key sectors like transport, health, and education. Discussions focused on future collaboration and strengthening infrastructure. The World Bank reaffirmed its support for Assam's development goals.

The Economic Times

The World Bank wants to change the way it manages complaints: the fixes that could make it better

The World Bank made history in 1994 by creating the Inspection Panel, the first independent accountability mechanism at any international organisation. Its function is to investigate complaints from communities who allege they were harmed because the bank failed to comply with its own policies and procedures.

The Conversation

Centre modernising 736 dams under Rs 10,211-crore rehabilitation programme

India is undertaking one of the world's largest dam rehabilitation programs, DRIP, with significant progress made in improving the safety of its vast dam infrastructure. Phases II and III, covering 736 dams, aim to enhance structural integrity and operational performance through extensive repairs and modernization efforts.

The Economic Times

Gulf shipping standoff hits world’s most vulnerable farmers

Global supply chain disruptions, exacerbated by international conflicts, are making essential farming inputs scarce and unaffordable for smallholder farmers.

The Economic Times

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The Independent UK

Former World Bank chief asks China to stop hoarding food and fertiliser

Beijing restricted fertiliser exports to protect domestic market after US-Israeli war on Iran disrupted global supply chains

Latin Times

Costa Rica Newspaper Says US Revoked Visas After Reporting on President Chaves' Sexual Harassment Allegations

La Nación reported in 2021 that the World Bank had sanctioned Chaves over a "pattern of unwanted inappropriate behavior" when he worked for the institution

The Conversation

Gaza: six months of ceasefire have left the territory in rubble and little vision for the future of its people

Municipal elections in the occupied West Bank and in the central Gaza city of Deir al-Balah on April 25 have been quickly framed by Fatah, the dominant faction within the Palestinian Authority (PA), as a sweeping victory.

International Business Times UK

Deutsche Bank Sees Gold Prices Hitting $8K in 5 Years; World Bank Expects Prices to Average $4,700 in 2026

Deutsche Bank forecasts a significant rise in gold prices as central banks increasingly prefer gold over the US dollar as confidence in US assets continues to falter.

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The Independent UK

UN warns of famine in South Sudan: ‘We are witnessing a deadly downward spiral’

A doctors also tells The Independent that there is no electricity at the hospital they work at because there is no fuel – and surgeons have performed caesarean sections with almost no medicines

The Independent UK

Iran war briefing: Trump ‘orders extended blockade’ in attempt to hurt Tehran’s finances

Donald Trump has directed his team to prepare for an extended blockade of Iran, with talks to end the war held at an impasse in an attempt to hurt the country’s finances, according to a report. Trump has also told White House aides that Iran’s latest peace proposal shows that…

Fortune

Islamic finance principles ‘align naturally with ESG and sustainability,’ says Maybank’s first-ever chief sustainability officer

The amount raised for sustainable finance within the 57 countries of the Organization of Islamic Cooperation jumped from $17.8 billion in 2017 to $82.3 billion in 2024, according to a 2025 report from the World Bank.

Euronews

Iran war will trigger largest energy price surge since 2022, World Bank warns

The World Bank’s latest Commodity Markets Outlook report predicts a 24% surge in energy prices this year as the Iran war delivers a historic shock to global supply chains.

International Business Times

IMF, World Bank Resume Contact With Venezuela In Further Recognition Of Interim Government

The International Monetary Fund (IMF) and the World Bank announced they resumed engagement with Venezuela, a development that could pave the way for the country to receive international funding the first time in several years.

Euronews

Venezuela and EU set out roadmap for renewed ties amid political thaw

Following talks in the Venezuelan parliament, Caracas and the EU have agreed on a new cooperation agenda. The shift aligns with a broader economic pivot, as the nation resumes ties with the IMF and the World Bank.

The Conversation

The IMF enjoys preferred creditor status: why it shouldn’t be the judge when it comes to other lenders

The International Monetary Fund (IMF) should not be an arbiter of discussions about which other multilateral financial institutions should qualify for preferred creditor status. This is because the IMF is a direct beneficiary of the creditor hierarchy policy.

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