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The Latest Breaking News from the World Bank Group

Nirmala Sitharaman, World Bank chief Ajay Banga hold meeting, discuss deepening cooperation

The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. They also explored the utilisation of technology for advancing agricultural practices and tourism development, aiming at harnessing global knowledge and private capital for progress.

The Economic Times

Venezuela earthquake damages add up to almost $20 billion, World Bank says

Almost a month after the devastating earthquakes, Venezuela has a mammoth task ahead in terms of rebuilding, rehabilitating and mitigating the social and economic damage of the biggest natural disaster in decades.

Euronews

Reinventing development finance

Developing economies face a confluence of pressures, each of which implies large investment needs. They must create jobs for rapidly expanding populations, boost resilience to external shocks and the effects of climate change and build the infrastructure required for long-term growth. And yet, with concessional finance shrinking, borrowing costs ballooning…

Bangkok Post

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World Bank backs Spain with new Madrid office

First vice-president and economy minister Carlos Cuerpo presents Spain as a key hub for multilateral institutions after the opening of the World Bank office.

Euronews

South Asia can generate millions of jobs through agriculture sector: World Bank Group

With agriculture sector employing around 43 per cent of the South Asian workforce, the region has strong potential to emerge as a global leader in food systems, said World Bank Group, as per a statement by the Ministry of Food Processing Industries.

The Economic Times

Global Times: China's ability to translate long-term strategy into implementation a material asset

BEIJING, May 26, 2026 /PRNewswire/ -- 2026 marks the commencement of China's 15th Five-Year Plan (2026-30), a pivotal phase in the nation's medium- to long-term development. A successful venture starts with a good plan and with clear goals set. At this critical juncture, where a profound restructuring of the global…

AAP

The World Bank wants to change the way it manages complaints: the fixes that could make it better

The World Bank made history in 1994 by creating the Inspection Panel, the first independent accountability mechanism at any international organisation. Its function is to investigate complaints from communities who allege they were harmed because the bank failed to comply with its own policies and procedures.

The Conversation

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Landmark push to provide an extra one billion people with reliable clean water

The World Bank – alongside partners such as WaterAid – aim to complete ‘Water Forward’ project by 2030

The Independent UK

Don’t mention the climate: Trump creates ‘beyond absurd’ situation at global finance talks

Developing countries face possible shelving of crucial green action plan at IMF and World Bank spring meetings

The Guardian - UK

The world’s waste mountain is rising at an alarming rate

The world is struggling to deal with ever-growing quantities of waste.

The Conversation

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

The three big reasons why Mozambique is not adapting to climate change and what needs to be done

Around the world, societies are looking for ways to live with climate change. Adapting to a hotter and harsher future means scientists, governments and communities must find ways to protect essential resources like land, homes, farms and water. Buildings need to stay cooler and withstand storms and floods, and crops…

The Conversation

Development banks ‘still funding industrial livestock despite climate promises’

Three development banks, including the World Bank, have collectively invested $1 billion in 55 highly-polluting livestock projects between 2018 and 2024, new research claims

The Independent UK

Education and gender equality: focus on girls isn’t fair and isn’t enough – global study

For the past two decades, investing in girls’ schooling has been hailed as a cornerstone of promoting gender equality in sub-Saharan Africa. Between 2016 and 2018 the World Bank Group invested US$3.2 billion in education projects benefiting adolescent girls.

The Conversation

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France 24

'Recipe for a Livable Planet': New report on how to make agriculture carbon neutral

The World Bank Group has released a new report outlining how global agriculture and food production can be overhauled in order to cut carbon emissions and limit global warning to 1.5°C above pre-industrial levels. In this edition, we speak to Julian Lampietti, Global Agriculture Practice Manager at the World Bank,…

Top News

World Bank CEO Denies IFC Cover-Up of Kenya School Abuse

World Bank denies covering up abuse involving a Kenya school investment, refuting allegations of an IFC cover-up. Details on the controversy at hand.

The Hindu

Killer road turns a safer zone with 38.1% reduction in accidents between 2014-18

The Guardian - UK

World Bank accused of ‘turning blind eye’ to sexual abuse in Kenyan schools it funded

Calls grow for independent inquiry after the bank’s internal watchdog found 21 cases of child sexual abuse by teaching staff

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The Conversation

Projects funded by the World Bank Group's private sector arm fuel violent conflict – it's time to reform the system

To what extent does private investment help developing countries to reduce conflict and violence and to achieve the Sustainable Development Goals?

France 24

How the BRICS nations failed to rebuild the global financial order

At its launch almost a decade ago, the BRICS nations’ New Development Bank (NDB) was celebrated as a chance for countries across the Global South to break free of the US-dominated IMF and World Bank and rewrite the rules of financing global development. But while the number of nations signed…

Al Jazeera

World Bank halts new loans to Uganda over anti-LGBTQ law

US-based lender says controversial anti-gay law contradicts its values.

Bangkok Post

Thai Credit banks $105m IFC loan

International Finance Corp (IFC), a unit of the World Bank Group, is providing a US$105-million loan to Thai Credit Retail Bank Plc (Thai Credit) to support female entrepreneurs in Thailand.

The Independent UK

Sunak to pledge £2.35 billion in loan guarantees at Ukraine Recovery Conference

The Prime Minister will tell the London summit that Britain will stand with Ukraine ‘as long as it takes’.

The Independent UK

UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order

From the ashes of World War II, three institutions were created as linchpins of a new global order

The Guardian - UK

World Bank staff were told to give special treatment to son of Trump official

Exclusive: Leaked recording raises concerns over governance at development bank, at which David Malpass is now president

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