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The Latest Breaking News from World Bank

World Bank drops climate funding target, raising fears for Africa

The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming world.

Radio France Internationale

World Bank to phase out China lending by 2031

The World Bank is set to cease lending to China by 2031, a move reflecting Beijing's economic ascent. Loans will be capped at $2 billion until then, a significant drop from previous years. This decision, supported by the US, aligns with China's development status. Beijing views the gradual reduction as…

The Economic Times

World Bank to phase out lending to China by 2031

WASHINGTON (UNITED STATES) - The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.

Bangkok Post

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Bangladesh ups foreign outreach: World Bank clears $1. 1bn fund; ties with China hit 'highest levels'

In a bid to address surging food and energy prices driven by international conflicts, Bangladesh has secured $1.1 billion in World Bank emergency funding. This financial assistance is designed to safeguard employment and critical services. Furthermore, Dhaka is bolstering its strategic and economic relationship with China, as evidenced by recent…

The Times of India

World Bank approves USD 1.5 bn loan to support India's reforms, job creation

India's push for private sector-led growth and job creation has received a significant boost with the World Bank approving USD 1.5 billion in financing. This funding will support structural reforms aimed at simplifying business regulations, enhancing trade, and improving access to capital. The initiative is projected to create employment for…

The Economic Times

Pakistan's Biggest Fear? India's Water Strategy

A river that has flowed peacefully for centuries is suddenly at the center of one of South Asia's most dangerous disputes. Pakistan's Defence Minister Khawaja Asif has issued a stark warning, saying Pakistan could go to war if it believes India's actions threaten its water security. The statement comes amid…

MyLifeXP

The War on Economic Growth Is a War on the Poor

No poor country has ever achieved decent living standards without first getting richer.

Reason

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50 million Africans connected to power in ‘unprecedented’ partnership between aid agencies

IN FOCUS: Exclusive: Agencies including the World Bank and the Africa Development Bank tell Nick Ferris how their new partnership, Mission 300, has been able to transform energy access in Africa even as foreign aid budgets have been cut

The Independent UK

Development banks must evolve

Multilateral development banks (MDBs), chief among them the World Bank, were established to provide capital to developing countries that couldn't raise it at home or on affordable terms abroad. For decades, they filled that gap. But as more countries move from low- to middle-income status (according to the World Bank's…

Bangkok Post

Developing Economies Face a 'Lost Decade' as Iran War Drives Global Economic Strains, World Bank Warns

The lender downgraded growth forecasts for roughly two-thirds of the world's economies, citing disruptions to energy markets and trade routes linked to the conflict

Latin Times

World Bank expects weakest global growth since pandemic

The World Bank has cut its global growth forecast for 2026 to 2.5 per cent due to the war in the ‌Middle East.

AAP

India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World Bank

India will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This moderation is due to higher energy prices and input costs. However, the economy is expected to rebound to 7.2 percent growth in fiscal 2027-28. Domestic demand remains robust, supporting…

The Economic Times

Global growth is slowing to lowest level since pandemic, says World Bank

Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East

The Guardian - UK

Countries pledge €3.4bn for climate adaptation, biodiversity protection and water security

Representatives from 186 nations agreed the Global Environment Facility fund, which will support projects in 144 countries.

Euronews

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The Economic Times

Despite geopolitical crisis, India's economic fundamentals and strategic partnerships will sustain growth: World Bank

India's economy shows strong growth potential. The World Bank believes this momentum will continue. Investments in people and businesses are key. Expanding international partnerships also supports this growth. India's favorable business environment attracts investment. The large consumer base and trade agreements offer opportunities. The food processing sector is particularly promising…

The Economic Times

India likely to outpace RBI growth forecasts, says World Bank's Neelkanth Mishra

India's economy is set for robust growth, exceeding Reserve Bank of India forecasts, World Bank Executive Director Neelkanth Mishra said. According to him, the economy is performing significantly better than official projections. He also supported RBI's decision to maintain interest rates.

AAP

Sister villages embrace for poverty fight

LUANG PRABANG, Laos, June 4, 2026 /PRNewswire/ -- A report from Chinadaily.com.cnTo mark the fifth anniversary of China eradicating absolute poverty, China Daily is publishing a series of stories on how the country's poverty alleviation experience has not only helped the country wipeout severe deprivation, but has also taken root…

Euronews

No country has ever developed without urbanising, World Bank economist tells Euronews at Baku forum

Urbanisation drives economic growth and job creation, a World Bank senior expert told Euronews at the World Urban Forum in Baku, but warned that Africa faces a financing gap that no single institution can fill alone.

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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 Conversation

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 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 Guardian - UK

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

Euronews

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.

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.

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