The Latest Breaking News from David Malpass

A debt crisis is combining with other factors to threaten a prolonged economic decline in the developing world.

Another economic forecast has painted a grim picture for global growth, shining a spotlight on the impact on developing economies. The World Bank's Global Economic Prospects report cuts forecasts for 95 percent of advanced economies and nearly 70 percent of emerging market and developing economies. David Malpass, World Bank Group…

The global economy will come “perilously close" to a recession this year, led by weaker growth in all the world's top economies — the United States, Europe and China — the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries for…

International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.

Report’s author, the World Bank, states concern over poor countries’ increasing spending on debt

Former US vice-president says bank should refocus its spending and end its role in ‘fossil fuel colonialism’

Something significant is happening in the desert in Egypt as countries meet at COP27, the United Nations summit on climate change.

The World Bank is ready to step up financing of action to tackle climate change in the world's poorest countries, but needs fresh funds from wealthy donor countries to do so, its managing director of operations told Reuters.

The third day of the COP summit in Egypt saw signs of movement on climate finance and the resurrection of a controversy about the views of the World Bank president.

Funding urgently needed to cope with climate disasters – and to prevent distrust crashing UN negotiations

A look at who will – and who may not – be at the Sharm el-Sheikh climate summit this month