The Latest Breaking News from the World Bank

South Africa has a growing unemployment rate. Statistics show the unemployment rate to be above 60% for those aged 15-24 and over 40% for those aged 25-34 years. Rankings from the World Bank position South Africa as having the highest unemployment rate in the world.

Asian Infrastructure Investment Bank says internal review shows lender follows ‘highest standards’ of governance.

The majority of low-income nations are on the cusp of a debt crisis, sparking fears of global contagion.

A strong post-pandemic rebound has pushed Indonesia back into the upper-middle income band of countries, according to the World Bank, putting it back on track to pursue its high-income status goal.

Energy officials plan to push ahead with hydrogen fuel development in an effort to make it one of the main fuels used in the power, transport and industrial sectors, with the aim of becoming less dependent on fossil fuels, says the Energy Policy and Planning Office (Eppo).

Thailand's economy is projected to expand 3.9% in 2023 from 2.6% last year because of stronger demand from China, Europe and the US, private consumption growth and a recovery in tourism, says the World Bank in its semi-annual Thailand Economic Monitor.

The State government is in the final stages of finalising an action plan for a World Bank project to prevent floods in the city. The project will make a whopping ₹3000 crore available for flood mitigation in the city, parts of which have been flooded over the years including in…

The World Bank has upgraded its economic growth forecast for Thailand, saying improved performance will be helped by private consumption growth and a recovery in tourism.

For the past few decades, many countries have been working towards providing "healthcare for all", including equity in access to healthcare and healthcare financing.