The Latest Breaking News from World Bank

Former US vice-president says bank should refocus its spending and end its role in ‘fossil fuel colonialism’

Australia is back as a ‘constructive collaborator’ in negotiations, Chris Bowen will tell summit, as he calls for more commitment from institutions

Something significant is happening in the desert in Egypt as countries meet at COP27, the United Nations summit on climate change.

The US Special Envoy and Ambassador to Libya Richard Norland concluded his visit to the Libyan capital Tripoli, threatening sanctions against parties who obstruct the progress of a political process in Libya. In a clear threat after a series of meetings with government officials, international partners, and the donor community,…

Despite ‘loss and damage’ focus there have been more oil and gas lobbyists than delegates from the most vulnerable countries

Pioneering ecological economist who foresaw the catastrophic effects of unlimited economic growth

Albania has a population of 2.8 million people, according to data published at the start of 2021. Since the fall of communism in 1991 nearly 40% of Albania’s population has left the country.

The World Bank has warned about a global recession next year. Moreover, although the October inflation report shows signs of cooling price pressures, inflation is still far from the Fed’s target level. Hence, we believe fundamentally solid dividend-paying stocks Johnson & Johnson (JNJ) and McDonald’s Corporation (MCD) could be ideal…

The World Bank is ready to step up financing of action to tackle climate change in the world's poorest countries, but needs fresh funds from wealthy donor countries to do so, its managing director of operations told Reuters.

The third day of the COP summit in Egypt saw signs of movement on climate finance and the resurrection of a controversy about the views of the World Bank president.

Private investment is crucial to addressing climate change. But a big barrier to private investment in developing countries is the perception that risks are higher than in industrialized nations.