The Latest Breaking News from World Bank

Other lives: Warwick University economics professor and World Bank development economist

Development projects can have profound impacts on their societies. There are many benefits that flow from building new roads and power plants, and from modernising agricultural practices. But they can also have permanent negative consequences.

The World Bank on Monday said the February earthquakes are expected to have caused Syria's real GDP output to contract by 5.5% in 2023, with recovery and reconstruction needs estimated at $7.9 billion over three years.

His New York-based firm was a global powerhouse responsible for four of the tallest buildings in the world

Lebanon has to audit its state electricity company among other reforms the World Bank has required before it will consider funding Lebanon's worn-down electricity sector, the bank's regional vice president Ferid Belhaj said on Tuesday. Public provision of electricity in Lebanon has been poor since the country's 1975-90 civil war…

Nigeria is rapidly urbanising, with more people living in urban areas than in rural communities. A recent World Bank estimate shows that 53% of the 213 million Nigerians live in urban areas. That’s projected to rise above 70% by 2050.

Human Rights Watch says many middle and working class families in Lebanon have been forced to spend most of their monthly income to pay shady neighborhood businessmen running private generators

Tunisia’s president Kais Saied recently called for urgent measures against illegal immigration of sub-Saharan African nationals. He said they were a source of “violence, crime and unacceptable acts”. His comments were condemned by the international community and the World Bank paused talks over its future engagement with Tunisia. They also…

Costa Rica went from having one of the world’s highest deforestation rates in the 1980s to a nation centered on ecotourism