The Latest Breaking News from the World Bank

Washington-based development organisation providing $20m for citizens suffering ‘multidimensional poverty’

After more than a decade of disappointment, the world’s wealthiest countries may have finally fulfilled their 2009 promise to mobilise $100 billion a year to help developing countries face the climate crisis. But the harsh truth is that developing nations are going to have to pay most of that money…

The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World Bank, which now estimates sharp economic contraction this year and next.

The World Bank says Myanmar’s economy is forecast to grow only 1% in the fiscal year that ends in March

A major, long-shot effort is gearing up to mobilize money to save Planet Earth by helping poorer countries go greener

Min Aung Hlaing’s administration is facing energy shortages as it struggles to quell opposition to its rule.

The World Bank's failure to act on early warnings and reports of sexual abuse has perpetuated a culture of impunity.

Shortly after the opening ceremony of the 2023 United Nations climate negotiations in Dubai, delegates of nations around the world rose in a standing ovation to celebrate a long-awaited agreement to launch a loss and damage fund to help vulnerable countries recover from climate-related disasters.

The influence of fossil fuels was a focal point Monday at the United Nations annual climate conference known as COP28

Calls grow for independent inquiry after the bank’s internal watchdog found 21 cases of child sexual abuse by teaching staff

Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s, transnational corporations have once again become the dominant force as owners and managers of major mining projects.