The Latest Breaking News from World Bank

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…

Newcastle's National Innovation Centre for Ageing partnered with The World Bank to launch research that instructs city leaders how to prepare for ageing populations

WASHINGTON — Treasury Secretary Janet Yellen was pushed by legislators from both sides of the aisle Wednesday to strengthen moves to cut off financial links with Russia, and was queried on the Biden administration’s readiness to impose sanctions on China in the event it moved aggressively toward Taiwan.

Thailand's economy is expected to grow by 2.9% this year, down from a previous prediction of 3.9%, the World Bank said on Tuesday.

The expected growth for the region is likely to expand 5.0 per cent

Studies have shown that closing the gender gap has positive impacts on the welfare of society. Research by Women World Banking in 2021 illustrates how economic welfare not only depends on income and infrastructure, but also gender equality.

For the past two years, the health care system in Lebanon that was once known as The “Hospital of the Middle East,” has become a shadow of its former self. Historically, Lebanon has been the hub of academic medical centers and the leading destination for medical tourism in the Middle…

Conflict adds strain to developing economies in east Asia and Pacific already struggling with Covid and inflation

Washington-based lender forecasts five percent growth for the region this year, down from 5.4 percent in October.