The Latest Breaking News from World Bank

Lebanon's Cabinet on Wednesday approved a plan to reform and restructure the country's crippled electricity sector, a main condition of Western donors and the World Bank to provide financing for regional deals to increase the country's power supply. Al Jadeed TV reported that the Cabinet had endorsed the plan with…

The World Bank said the full digitization of the economy in the Middle East and North Africa could raise GDP per capita by at least 46 percent over 30 years, or long-term gains of $1.6 trillion. In a new report entitled, “The Upside of Digital for the Middle East and…

The number of people in Afghanistan who cannot afford food and other essentials has doubled since the Taliban takeover of the country in August 2021 as unemployment rises and wages fall, a World Bank survey showed on Tuesday.

World Bank President David Malpass on Monday warned people and businesses against hoarding food and gasoline despite the surge in prices sparked by Russia's invasion of Ukraine and massive sanctions imposed on Moscow.

The World Bank on Monday announced it was making available nearly $200 million in additional and reprogrammed financing to bolster Ukraine’s social services for vulnerable people, on top of $723 million approved last week.

World Bank’s chief economist has warned Russia and Belarus are ‘mightily close’ to default

South Africa is the most unequal country in the world, with race playing a determining factor in a society where 10 percent of the population owns more than 80 percent of the wealth, a World Bank report said Wednesday. "South Africa...

Soaring energy and food prices triggered by Russia's invasion of Ukraine could exacerbate existing food security concerns in the Middle East and Africa, and may fuel growing social unrest, World Bank chief economist Carmen Reinhart said.

Lebanon's central bank has asked commercial banks to provide the names of political figures who failed to comply with a circular ordering them to repatriate funds sent abroad in the lead-up to the country's 2019 financial meltdown. Lebanon's financial crisis, which the World Bank has labeled one of the deepest…

Amid the devastation of World War Two, the United States and its allies created the institutions that have governed the post-war global economic order, focused on rebuilding Europe, fighting poverty and bringing rivals together to work out trade disputes peacefully.

Bahraini women are making remarkable progress on the national level, according to recent reports by several international institutions, such as the United Nations Women, the World Bank, and the World Economic Forum (WEF). Bahrain's Supreme Council for Women (SCW) is a body concerned with Bahraini women's affairs, aiming to empower…