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The Latest Breaking News from World Bank

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

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

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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

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

Also: All the news and watercooler chat from Fortune.

Fortune

'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.

Euronews

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

The Guardian - 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

The Independent UK

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

Caixin Global

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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.

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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.

The Guardian - AU

What’s behind the push for more Australian babies? ‘It’s a phenomenon we’re seeing all over the world’

The Nationals have canvassed a vision of the future with bigger families. Pronatalist policies aren’t new – but they’re looking increasingly partisan

The Conversation

The world’s waste mountain is rising at an alarming rate

The world is struggling to deal with ever-growing quantities of waste.

Times Life

Why Are War-Torn Nations Happier Than India? What We’re Missing

It sounds contradictory at first. A country like India, growing rapidly and improving economically, ranks significantly lower in global happiness than nations dealing with conflict and instability. According to the World Happiness Report 2026, India stands around 116th with a life evaluation score of about 4.5, while Israel ranks within…

The Conversation

Measuring poverty on a spectrum instead of an arbitrary line conveys a more accurate picture of inequality

Michael W. Green, a Wall Street investor, created a buzz in late 2025 by arguing that the U.S. poverty line should be jacked up to US$140,000 for a family of four. Currently, a family of that size has to be eking by on $33,000 a year to qualify as poor…

The Independent UK

Ukraine-Russia war latest: UK responds to Moscow’s ‘absurd’ claim Kyiv building nuclear weapon with Europe

Nuclear weapons claim a 'clear attempt by Vladimir Putin to distract from his heinous actions in Ukraine', says UK

The Guardian - UK

Declines in health and education in poor countries ‘harming earning potential’

World Bank says children born today could earn 51% more over lifetime if their country’s human capital improved

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