The Latest Breaking News from World Bank

Shortages of grain and fertiliser could cause ‘mass hunger and famine, says chief, as World Bank pledges $12bn to ease shortfall

Russia says 1,730 fighters at Azovstal plant have surrendered since Monday; ‘culture of cover-ups’ in Russian military, says UK’s MoD

When US Secretary of the Treasury Henry Morgenthau opened the Bretton Woods Conference almost 80 years ago, he reminded delegates that failures of international cooperation had led to the Great Depression, social division and ultimately war. "Prosperity, like peace, is indivisible," he concluded, "we cannot afford to have it scattered…

Move follows warning from head of UN World Food Programme about high prices leading to social unrest

The World Bank said on Wednesday it will make $30 billion available to help stem a food security crisis threatened by Russia's war in Ukraine, which has cut off most grain exports from the two countries.

Ahead of the G7 finance ministers’ meetings, the U.S. Treasury, several global development banks and other groups have unveiled a multi-billion dollar plan meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine

Minister holds talks with stakeholders to soften rising prices of the commodity

Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.

It's noisy inside the Mamprobi clinic in Accra as kids clamber over their mothers while they wait to get their measles vaccines. Outside, an area reserved for COVID-19 shots is empty. A health worker leans back in his chair and scrolls on a tablet.

Fighting in the northern region of Tigray has eased since a unilateral ceasefire was declared by the federal government.

Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction and recovery in conflict-hit areas, the finance ministry said.