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The Latest Breaking News from Ajay Banga

Mozambique welcomes $6 billion electricity project from World Bank backing

Mozambique has won World Bank backing for a $6 billion hydroelectric plant

The Independent UK

Public Or Private? Funding Debate Splits Reeling Aid Sector

As cuts by rich donors decimate aid budgets for the world's most vulnerable, private financing has been touted as the sector's saviour -- but not everyone is convinced.

International Business Times

Developing Countries Should Fast-track US Trade Deals: World Bank President

Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.

International Business Times

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Stunned resignation and foreboding: a week in Trump’s shadow at IMF

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

The Guardian - UK

Global Uncertainty Will 'Certainly' Hit Growth: World Bank President

The uncertainty kicked up by Donald Trump's stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week's semi-annual meeting of global financial leaders in Washington.

International Business Times

African nations set to light up the homes of 300 million people by 2030

Several African nations have committed to open up their electricity sectors to attract investors and light up the homes of 300 million people currently lacking power over the next six years. "Mission 300" is driving the agenda at a two-day energy summit in Tanzania.

Radio France Internationale

UK says £58bn climate finance tool to launch on London Stock Exchange

The new capital market mechanism is designed to raise money to help build clean energy projects in developing countries.

Evening Standard

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Who’s who at Cop29? The world leaders and others who will attend

Crucial question for summit will be how to help developing countries cope with extreme weather caused by high temperatures

The Guardian - UK

Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries

In Washington, finance ministers will face pressure for action to reduce their own debt and offer more resources to poorer nations

The Guardian - UK

World Bank President Focused On Job Creation Ahead Of Annual Meetings

The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview.

International Business Times

Global Finance Leaders Navigate Uncertainty Amid U.S. Election

Explore the potential impact of the U.S. presidential election on global economic policies and the IMF and World Bank's roles in maintaining economic stabi...

Top News

World Bank President Ajay Banga Addresses Global Economic Challenges

World Bank and IMF address global economic challenges, focusing on poverty, climate, and conflict. Initiatives include expanding electricity and healthcare...

International Business Times

World Bank Aiming To Connect 250 Mn Africans To Energy Grid By 2030

The World Bank has significantly scaled up its ambition to connect Africans to the electricity grid by 2030, from 100 million to more than 250 million, the Bank's president said Wednesday.

The Guardian - UK

Billions more in overseas aid needed to avert climate disaster, say economists

Pressure piles on World Bank and IMF to steer countries to low-carbon transition at spring summit

The Guardian - UK

The Guardian view on debt and developing countries: time to offer some relief

Editorial: Many low-income nations are having to spend more on interest payments than vital sustainability goals. That needs to change

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The Guardian - UK

Covid pandemic made poorest countries even worse off, World Bank warns

Poverty reduction drive all but halted across many nations as Bank calls for more money to tackle a ‘great reversal’

The Guardian - UK

At last G20 is showing how to finance an assault on poverty

Brazilian president Lula’s proposals have the backing of the World Bank. Now we need action

The Guardian - UK

Are the octogenarian IMF and World Bank sprightly enough for the job?

Fragile recovery, low growth, global debt, AI, the climate … The organisations founded in 1944 have lots to talk about this week

The Guardian - UK

World Bank must take ‘quantum leap’ to tackle climate crisis, UN expert says

Simon Stiell calls for reform at development banks to enable governments to provide more climate finance to developing world

International Business Times

IMF Chief Georgieva Sole Candidate In Reelection Process

The International Monetary Fund confirmed Thursday that its current managing director is the only candidate to lead the global financial institution once her first term expires later this year.

Top News

World Bank president discusses conflict, climate change, and AI risks

This content discusses the highlights of the recent World Economic Forum, including discussions on presidential elections, conflicts, climate change, and t...

International Business Times

Private Sector Funding Key To Climate Transition, World Bank Chief Says

The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.

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