The Latest Breaking News from Ajay Banga

World Bank in talks with 30-40 countries over aid to tackle Middle East energy shock

The World Bank is in talks with numerous countries to address energy price increases stemming from the Middle East crisis. While the global economy remains resilient, developing nations face growing challenges from rising diesel and fertilizer prices. The Bank anticipates more countries may access crisis funds as conditions worsen in…

The Economic Times · Oct 11

'It's Not Coming, Trust Me': World Bank Chief Says Big AI Data Centres Will Stay in Rich Grids

AI data-centre electricity use could nearly double by 2030, while the World Bank says frontier-scale infrastructure remains out of reach for most emerging markets

International Business Times UK · Sep 24

World Bank mobilises $112 billion in private capital for developing nations

The World Bank mobilised $112 billion in private capital for developing nations last year. This significant increase reflects a strategic shift due to donor funding limitations. Private capital mobilisation now nearly matches the World Bank Group's own lending efforts. The bank employs various methods to de-risk and incentivise private investment.…

The Economic Times · Sep 17

'The largest energy security threat in history' is about to push oil prices further up, IEA warns

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

Euronews · Apr 14

Iran-US war latest: Vance says peace talks have failed after 21 hours of negotiations in Pakistan

A Pakistani source said there were ‘mood swings’ from Washington and Tehran in the first round of talks

The Independent UK · Apr 11

World Bank Group opens its first office in Qatar

The World Bank Group has officially opened its first office in Doha, marking a new phase in its partnership with Qatar and strengthening cooperation on development, private investment and support for fragile economies in the region.

Euronews · Jan 25

Netanyahu, Putin and the Pope: Who has been invited to Trump’s Gaza ‘Board of Peace’?

Russian president Vladimir Putin and the Pope considering invitations to join

The Independent UK · Jan 17

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 · Sep 7, 2025

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 · Jul 2, 2025

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 · Apr 26, 2025