The Latest Breaking News from the World Bank

China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building "Belt and Road" infrastructure, a study published on Tuesday showed.

The past 30 years of economic growth and development could be reversed this decade if governments don't act.

Development projects can have profound impacts on their societies. There are many benefits that flow from building new roads and power plants, and from modernising agricultural practices. But they can also have permanent negative consequences.

The ex-president is a painter, his VP an avid fly fisher, while Tony Blair has built a property empire. They appear unrepentant

World Bank said the figure of $411bn over the next 10 years should be considered a minimum as the war continues.

A new World Bank report puts the cost of Ukraine’s recovery and rebuilding from Russia’s invasion at $411 billion over the next decade

Cost of rebuilding from Putin’s war rises to £336bn

World Bank among those urging levy to fund climate action in developing world and encourage fleets to upgrade

The World Bank approved a new country partnership framework (CPF) for Egypt for the financial years 2023-2027 providing the country with $7 billion in funds, the lender said on Wednesday. The CPF will entail $1 billion per year from the International Bank for Reconstruction and Development (IBRD) and about $2…

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

'What gets measured gets done." It is a well-worn maxim attributed to everyone from management guru Peter Drucker to physicist Lord Kelvin. Regardless of who said it first, the point is a crucial one: If there are no data illustrating a problem or imbalance, it is unlikely to be a…