The Latest Breaking News from the World Bank

High interest rates siphoning money away from spending on health, education and tackling climate crisis

Washington-based development organisation providing $20m for citizens suffering ‘multidimensional poverty’

Min Aung Hlaing’s administration is facing energy shortages as it struggles to quell opposition to its rule.

The World Bank's failure to act on early warnings and reports of sexual abuse has perpetuated a culture of impunity.

Shortly after the opening ceremony of the 2023 United Nations climate negotiations in Dubai, delegates of nations around the world rose in a standing ovation to celebrate a long-awaited agreement to launch a loss and damage fund to help vulnerable countries recover from climate-related disasters.

The influence of fossil fuels was a focal point Monday at the United Nations annual climate conference known as COP28

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

Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s, transnational corporations have once again become the dominant force as owners and managers of major mining projects.

Many women are fighting prejudice to take up better-paid work to make ends meet, from driving a taxi or rickshaw to barbering