The Latest Breaking News from World Bank

Other nations should adopt the Indian move of targeted cash transfer instead of broad subsidies, says World Bank President David Malpass

Thailand needs to prepare for global economic difficulties as they will intensify next year, according to economists.

Kyiv economy will contract by 35% in 2022, compared with a 4.5% fall in Russian GDP

The head of the European Union's powerful lending arm has urged leaders not to backslide on climate targets amid the energy crisis and signalled a joint action plan from the world's top development banks at next month's COP 27 summit and on Ukraine.

Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year

Unusual diplomatic intervention prompted by fears over Liz Truss’s commitment to net zero

A report released by IRCDUC observes the key issue in the issuance of sale deeds is the non-transfer of land to TNUHDB by other departments

Oxfam research suggests up to 40% of bank’s reported climate-related spending cannot be accounted for

Campaigners say low-income countries urgently need debt relief on foreign borrowings as their interest rates soar

The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia's invasion of the country continues, reported Reuters. The aid is supported by the United Kingdom ($500 million) and the Kingdom of Denmark…

Ukrainian forces on Saturday entered the eastern town of Lyman in the Donetsk region, a logistics hub for Russian forces that has been under Moscow’s control since spring, a spokesperson for Ukraine’s military said. Russia’s defence ministry said its troops had withdrawn from the town hours after Ukraine’s army said…