The Latest Breaking News from World Bank

The World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure

Russia’s economy has already plunged into ‘deep recession’, World Bank says

Over two years after the coronavirus emerged, countries across Asia are slowly beginning to recover. In Southeast Asia, economic growth is projected to pick up to 5.1% this year, from 3.2% in 2021. With 400 million people, or 59% of the population, fully vaccinated, many economies are well on the…

Russia-Ukraine war news from April 11: France declares Russian agents posing as diplomats as persona non grata.

Bank says many surrounding countries will suffer severe hardship as result of invasion, with Russia predicted to fall into recession

New Delhi can play an important role in shaping a new, more democratic, world order

Post-COVID learning for children should be accelerated, says World Bank’s Global Director for Education Jaime Saavedra.

A set of reforms the IMF wants Lebanon to enact before approving a funding deal for the country will largely be left for a new parliament to study, an adviser to the prime minister said on Friday, suggesting little may be done before a May 15 national election. The IMF…

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.

The International Crisis Group has called on Tunisian President Kais Saied to launch an “inclusive” national political dialogue to reduce polarization and prevent the country from sliding into a severe socio-economic crisis. In a report published on its website, the Brussels-based organization urged the President to launch a national dialogue…

Egyptian ministers held talks with World Bank officials on Wednesday to discuss cooperation mechanisms between the two sides as Cairo prepares for the COP27 Climate Summit, which will be held in Sharm el-Sheikh in late 2022. In this regard, Minister of Environment Dr. Yasmin Fouad met with World Bank Managing…