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The Latest Breaking News from World Bank

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

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

The Independent UK

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

Latin Times

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Flaws in Kenya’s AI-driven health reforms driving up costs for the poorest

Exclusive: amid unrest, President William Ruto promised to give all Kenyans access to healthcare. But the algorithm favours the rich, an investigation has found

The Guardian - UK

Fertiliser crisis caused by Iran war sparks global food security fears

The Iran war and the consequent blockade of the Strait of Hormuz has triggered a severe "fertiliser squeeze" as soaring energy costs and export disruptions push farmers' affordability to a four-year low.

Euronews

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.

The Conversation

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.

International Business Times UK

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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.

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.

Euronews

Cuts to overseas aid will worsen shocks to global economy, David Miliband says

Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran war

The Guardian - UK

US Farmers Raise Red Flag Over 'Unsustainable' Costs As Iran War Cuts Off Fertiliser Supply

US farmers face financial strain as fertiliser and fuel costs rise due to the Iran conflict, affecting crop yields and food prices.

International Business Times UK

Australia joins calls for Iran ceasefire to be upheld

A dozen finance ministers have signed a joint statement calling on the US, Israel and Iran to implement the ceasefire in full as the global economy teeters.

AAP

Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser

The Guardian - UK

Trump's war and rhetoric are drowning out the IMF's growth agenda

Also: All the news and watercooler chat from Fortune.

Fortune

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Euronews

'The largest energy security threat in history' is about to push oil prices further up, IEA warns

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

The Guardian - UK

UK growth forecasts slashed by IMF as Iran war hurts global economy – as it happened

International Monetary Fund has lowered its forecast for UK growth in 2026 and 2027, due to Iran war and weak growth in late 2025

The Guardian - UK

Don’t mention the climate: Trump creates ‘beyond absurd’ situation at global finance talks

Developing countries face possible shelving of crucial green action plan at IMF and World Bank spring meetings

The Guardian - UK

Task for the week: limit the fallout from biggest oil shock in decades

As World Bank and IMF chiefs gather in Washington, the Iran war is driving up energy prices, fuelling inflation and testing voters’ patience

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The Independent UK

Iran-US war latest: Vance says peace talks have failed after 21 hours of negotiations in Pakistan

A Pakistani source said there were ‘mood swings’ from Washington and Tehran in the first round of talks

Caixin Global

The Week Ahead (April 13-19): IMF, World Bank Spring Meetings Begin

Washington hosts global finance leaders while Hong Kong, Hainan and Guangzhou spotlight trade, tech and markets in a pivotal week

Euronews

'No return to normal': IMF warns of lasting economic damage from Iran war

The IMF is cutting its global growth forecast, preparing €42.9bn in emergency aid and warning that 45 million people face food insecurity.

International Business Times

Global Recession Risk Lingers Despite Ceasefire‑Driven Market Calm

Analysts and international economic institutions are warning that the possibility of a global recession remains significant even as markets react positively to ceasefire news.

Euronews

Dangerous lignite: Bosnia and Herzegovina has problems with its energy transition

Will Bosnia-Herzegovina's belated start to the energy transition delay its EU accession? The country is struggling to move away from coal-fired power generation. There is a shortage of desulphurisation plants. The air pollution is at an extreme level. The consequences are serious: Cancer from coal?

Reason

The World Bank Used To Champion Markets. Now It's Surrendering to State-Led Industrialization.

The reversal wasn't because the economics changed. It is because their biggest shareholders turned toward industrial policy.

The Conversation

Development finance in Africa: economist explains how private savings could be unlocked

Africa holds abundant private savings, but much of it remains informal. As a result, its contribution to development financing is limited.

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