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The Latest Breaking News from the World Bank

Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns

Increase in cost of crude could drive inflation up and force central banks to keep interest rates high

The Guardian - UK

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis

The Guardian - UK

‘Forced’ move: Rwandans grapple with own fears over UK asylum seeker plan

Amid high unemployment and a housing crisis, many in Rwanda are apprehensive about the $272m migrant deal with the UK.

Al Jazeera

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Vietnam's GDP To Grow 5.5% In 2024, 6.0% In 2025

The World Bank projects positive economic growth for Vietnam, highlighting resilience and potential for development in key sectors like manufacturing and s...

Top News

World Bank suspends Tanzania tourism funding after claims of killings and evictions

Plan to expand Ruaha national park has been beset by allegations of abuse, leading bank to withhold final $50m of $150m budget

The Guardian - UK

World Bank official calls for shake-up of G20 debt relief scheme

Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020

The Guardian - UK

South Africa Faces Inflation And Financial Upside Risks

Governor of South Africa's Central Bank warns of inflation risks and financial instability, emphasizing the need for vigilance and proactive measures.

Top News

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Role played by India during G-20 presidency appreciated at IMF and WB meeting: Seth

“There is a widespread appreciation of Indian presidency of the G-20 in building consensus on several issues,” Ajay Seth said.

The Hindu

As India goes to the polls, can democracy deliver a better life for all of its people?

Behind a veneer of progress, injustice and inequality propped up by corruption and an outdated caste system haunt the subcontinent

The Guardian - UK

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...

Top News

Brazil G20 Momentum: Tax Proposal For Super-Rich

Brazil's proposal to tax the super-rich gains global support to reduce inequality and fund social programs.

Top News

IMF, World Bank Report Progress In Debt Restructuring Cases

IMF and World Bank make significant progress in debt restructuring cases, aiding countries in financial stability and sustainable growth amidst the pandemic.

Top News

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.

International Business Times

Climate finance and debt relief loom large at World Bank, IMF meetings

The urgent issues of climate financing and global inequality will underpin this week’s spring meetings of the World Bank and the International Monetary Fund – coming amid growing calls for a shake-up of those institutions to avoid a climate-driven “economic catastrophe”.

Radio France Internationale

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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

Top News

Yellen: US Addressing Global Economic Risks, Says IMF-World Bank

Janet Yellen emphasizes global economic collaboration to address risks and promote stability amidst COVID-19 challenges.

Top News

World Bank Report: Income Gap Widens In Poorest Countries

World Bank report reveals widening income gap in poorest countries, urging urgent policy changes and international aid.

Top News

World Bank Warns Of 'Historical Reversal' For Poorest Nations

World Bank and IMF warn of 'historical reversal' in development for poorest nations due to COVID-19 impact.

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International Business Times

Debt And Climate Back On IMF, WB Spring Meetings Agenda

The spring meetings of the International Monetary Fund and the World Bank are due to open Tuesday, with two clear objectives: help countries combat climate change, and assist the most indebted nations.

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

Top News

World Bank Chief Advocates Internal Reforms At Spring Meetings

Learn about the World Bank's focus on internal reforms to enhance efficiency and effectiveness in reducing poverty and promoting sustainable development.

Top News

World Bank Forecasts Growth In Western Balkan Economies

World Bank report highlights positive economic growth in Western Balkans, emphasizing need for sustained reforms for continued development.

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

Top News

World Bank Introduces Accountability Scorecard For Measuring Performance

The World Bank introduces a new scorecard to enhance accountability, transparency, and governance, focusing on financial management, project impact, and st...

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