The Latest Breaking News from World Bank

Funding urgently needed to cope with climate disasters – and to prevent distrust crashing UN negotiations

A look at who will – and who may not – be at the Sharm el-Sheikh climate summit this month

Indonesians are increasingly aware of the need to develop in a more sustainable manner. In October 2022, the Jakarta High Court rejected the government's appeal of a citizen lawsuit that found President Joko Widodo negligent in failing to tackle Jakarta's notorious air pollution. Report after report indicates the rapidly growing…

The Coordination Group for Building and Developing the Capacity of Yemeni Institutions held on Tuesday its first workshop in Riyadh, with the participation of a number of Yemeni and Saudi institutions and international organizations. The two-day workshop aims to discuss means to strengthen the work of the Yemeni government and…

The World Bank confirmed that Saudi green initiatives will grow the region's economy to $13 trillion by 2050.

The conclusions of two international credit rating agencies agreed on the initial positive outlook for Lebanon and its economy following its signing of the US-mediated sea border deal with Israel. “The agreement is credit positive for Lebanon because it establishes the necessary geopolitical security conditions for international energy companies to…

Latest government data shows that the labour force participation rate of women in India fell from 43 percent in 2005 to 25 percent in 2021. According to the World Bank, the number of working women in India fell from 26 percent in 2010 to 19 percent in 2020.

Thailand's economy should not succumb to the global economic slowdown projected for next year, but rather continue its recovery propelled by new infrastructure development and increasing digital know-how among people, says Deputy Prime Minister Supattanapong Punmeechaow.

The Covid-19 pandemic and Russia's invasion of Ukraine have reversed three decades of progress in reducing poverty, according to the World Bank, which is warning that the global goal of eradicating extreme poverty by 2030 is now out of reach. In its latest report, the Washington-based lender estimates that 70…

The Solomon Islands will need to implement fiscal reforms such as alterations to its tax system and more efficient public spending or its debt levels may become unsustainable, the World Bank said in a report on Wednesday.

Nearly 80% of the estimated 70 million people around the world who fell into extreme poverty at the onset of Covid-19 in 2020 were from India, a recent World Bank report has revealed. But even this shocking figure could be an underestimation, as the lack of official data makes it…