The Latest Breaking News from World Bank

Rebuilding is essential after Israel’s war on Lebanon destroyed swaths of the country, but will donors pay?

The Census is now four years overdue, and the budget for the exercise has been slashed indicating further delays. This is even as millions of Indians are left without access to subsidised foodgrain, pushing them to the brink of food insecurity. Evidence shows that entitlements under the Public Distribution System…

In 1995, World Bank Vice President Ismail Serageldin warned that whereas the conflicts of the previous 100 years had been over oil, “the wars of the next century will be fought over water.”

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.”

Slower growth looms over Eastern Europe and Central Asia as inflation, weak external demand, and structural inertia take hold. The World Bank urges bold reforms to unlock productivity and avoid the middle-income trap.

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

In 2021, the World Bank shut down one of its flagship projects: the Doing Business index, a global ranking system that measured how easy it was to start and run a business in 190 countries.

The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues.