The Latest Breaking News from World Bank

President Vladimir Putin on Tuesday acknowledged that his country was experiencing “economic difficulties” because of different “restrictions” imposed on his country due to the war in Ukraine. The UK's new Prime Minister Rishi Sunak, meanwhile, vowed to support Ukraine in its war against Russia, saying it must “be seen successfully…

The World Bank said on Monday it had disbursed an additional $500 million to help Ukraine meet urgent spending needs created by Russia's Feb. 24 invasion and the ongoing war.

The United States has expressed disappointment in OPEC+'s plans to cut output.

A new report alleges the World Bank has failed on its promise to align more closely with the Paris agreement

Xi has overseen rapid economic growth and rising wealth, while spending big on the military, but inequality has widened has and a demographic crisis looms

Pakistan's government says the World Bank estimates that this summer’s record-breaking floods have caused $40 billion in damages in this impoverished country

An estimated 281 million migrants span the globe. The remittances they send home get a lot of attention from policymakers and development agencies like the World Bank due to their positive impacts on developing economies. This is because the movement of money is – for the most part – quantifiable,…

For all Liz Truss’s talk about growth, there is little attempt to deal with the rising numbers of people with long-term sickness, says Prof Devi Sridhar

The World Bank said on Monday it had placed all loans made by its main lending arm to Belarus into "nonperforming" status effective immediately, citing overdue payments amounting to $68.43 million.