The Latest Breaking News from the World Bank

World Bank data seized upon by government – but economists say it doesn’t paint the full picture

At a coastal port in Chittagong, Bangladesh, something remarkable is underway. With support from a US$850 million (£620 million) investment from the World Bank, engineers are building flood-resistant infrastructure that can survive rising seas and stronger storms. A new 3.7-mile-long barrier will protect people, homes, and trade in one of…

Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB).

The biggest amount went to Iraq, where the World Bank approved $930 million to help improve the country’s railway infrastructure, boost domestic trade and create jobs.

The imposition of a state of national emergency on June 25, 1975, was India’s closest brush with dictatorship.

Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors.

South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and help it transition toward a low-carbon economy

The hosts of the most recent UN climate talks are worried international lenders are retreating from their commitments to help boost funding for developing countries' response to global warming.

Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday.