The Latest Breaking News from World Bank

The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection program in the face of global economic pressures filtering through to the country's economy, the international cooperation minister said on Friday. The funds will support the government's Takaful…

The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection programme in the face of global economic pressures filtering through to the country's economy, the international cooperation minister said on Friday.

The World Bank´s board of directors approved late on Thursday a $500 million project in Brazil to expand sustainability-linked finance and strengthen the private sector’s capacity to access carbon credit markets and help the country curb deforestation.

Lebanon's caretaker Prime Minister Najib Mikati said Thursday that sweeping reforms remain vital to rescue the stricken economy, despite a return to modest growth this year. Mikati said the economy had grown by nearly two percent in 2022 after two straight years of severe recession that saw Gross Domestic Product…

Real GDP growth is expected to slow to 2.7% this year, before rebounding to 4.3% in 2023

COVID-19 cases have surged in China since stringent restrictions were lifted and there are concerns about the economic ramifications this could bring.

The World Bank on Tuesday said it had approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine as the war with Russia continues.

The World Bank has cut its China growth outlook for this year and next, citing the impact of the abrupt loosening of strict COVID-19 containment measures and persistent property sector weakness.

The World Bank has approved financing of $1.69 billion for flood relief projects in Pakistan, it said in a statement on Monday.

The World Bank on Thursday announced a $2 billion package to support Ukraine's private sector, in a bid to help pave the way for reconstruction amid the devastation resulting from Russia's invasion. The latest package by the International Finance Corporation (IFC), the bank's development arm focused on private-sector development in…

The European Union's foreign policy chief Josep Borrell on Friday condemned the "indiscriminate terror" that Russia's latest missile attacks were inflicting on Ukraine. Read FRANCE 24's liveblog below to see how the day's events unfolded. All times are Paris time (GMT+1).