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The Latest Breaking News from the World Bank

India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World Bank

India will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This moderation is due to higher energy prices and input costs. However, the economy is expected to rebound to 7.2 percent growth in fiscal 2027-28. Domestic demand remains robust, supporting…

The Economic Times

World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran war

Global economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices and created uncertainty. Developing nations face a significant slowdown. While the US economy remains resilient, other countries are experiencing harder impacts. Disruptions in energy…

The Economic Times

Global growth is slowing to lowest level since pandemic, says World Bank

Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East

The Guardian - UK

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Citing fallout from Iran war, World Bank cuts forecast for global economic growth

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

The Independent UK

Despite geopolitical crisis, India's economic fundamentals and strategic partnerships will sustain growth: World Bank

India's economy shows strong growth potential. The World Bank believes this momentum will continue. Investments in people and businesses are key. Expanding international partnerships also supports this growth. India's favorable business environment attracts investment. The large consumer base and trade agreements offer opportunities. The food processing sector is particularly promising…

The Economic Times

Rebuilding Gaza Will Cost Tens Of Billions, But Money Is Not The Main Problem

Gaza has rarely lacked financial commitments. After the 2014 war, donors pledged $5.4bn at the Cairo Conference on Palestine Reconstruction 2014. More broadly, cumulative international assistance to the Palestinian territories has run into tens of billions of dollars over the past two decades, according to the World Bank.

International Business Times

Trump's Blockade Has Cost Tehran $6bn in Oil Revenue and the Rest of the World Is Feeling It

Iran's oil exports have dropped to a six-year low due to a US naval blockade, causing significant economic strain and impacting global energy markets.

International Business Times UK

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When global trade becomes a weapon, how can African economies protect themselves?

“Today, everyone recognises that trade is as much a security issue as an economic one.”

The Conversation

Canada must rethink how it contributes to international climate finance

The Canadian government recently renewed its international climate finance commitments with the spring economic update in April. Given recent major cuts to development aid in Canada and internationally, this news brought relief to climate researchers and advocates.

The Conversation

South Africa’s fuel supply and the Iran war: data black holes and low strategic stock put the country at risk

The supply of crude oil to the world had been reduced by about 7.5% to 10.1% by March 2026 in what the World Bank described as the largest oil market disruption in history. The fall was a result of the attacks on Iran by Israel and the US and the…

The Conversation

Trump’s $17 Billion “Board of Peace” for Gaza is now stuck in legal limbo with zero dollars

It turns out the UN’s job is not that easy after all.

We Got This Covered

Industrial policy ideal for an age of uncertainty

Industrial policy is back, and with a vengeance. After decades of preaching neoliberalism, Western policymakers and intellectuals have rediscovered the role of the state in economic development.

Bangkok Post

India’s GDP revisions explained: What changed and why it matters

Amidst the ongoing West Asia crisis, the Indian economy is expected to take a hit: the World Bank’s latest projections suggest that the country’s GDP growth could fall to 6.6 percent in this financial year.

Newslaundry

Why Are MAGA Republicans Turning on Donald Trump Over Iran?

Donald Trump faces growing criticism within the Republican Party over negotiations with Iran, with divisions emerging over whether to maintain pressure on Tehran or pursue a diplomatic resolution, a split that could shape US foreign policy and regional security.

International Business Times UK

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The Times of India

“Rubbish roads” in Nepal: Turning plastic waste into roads to create cleaner cities

Waste management of plastics in Nepal has turned out to be the most pressing environmental issue for the nation. With increasing rates of plastic production and usage, as well as insufficient recycling infrastructure in rapidly growing urban areas like Pokhara and Kathmandu, the level of pollution has become very high…

The Economic Times

G7 finance ministers explore responses to Iran war fallout

Global finance leaders met in Paris to address economic fallout from the Middle East conflict. France's finance minister called for increased aid for vulnerable nations. Discussions also covered diversifying critical mineral supplies and maintaining pressure on Russia. G7 nations aim to build new partnerships amid global tensions and trade system…

The Economic Times

Assam chief secy, World Bank reviews projects worth Rs 16,648 crore

Assam's Chief Secretary Ravi Kota met with World Bank officials to review ongoing projects. These projects, valued at Rs 16,648 crore, cover key sectors like transport, health, and education. Discussions focused on future collaboration and strengthening infrastructure. The World Bank reaffirmed its support for Assam's development goals.

The Conversation

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.

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The Economic Times

Centre modernising 736 dams under Rs 10,211-crore rehabilitation programme

India is undertaking one of the world's largest dam rehabilitation programs, DRIP, with significant progress made in improving the safety of its vast dam infrastructure. Phases II and III, covering 736 dams, aim to enhance structural integrity and operational performance through extensive repairs and modernization efforts.

The Economic Times

Gulf shipping standoff hits world’s most vulnerable farmers

Global supply chain disruptions, exacerbated by international conflicts, are making essential farming inputs scarce and unaffordable for smallholder farmers.

The Independent UK

Former World Bank chief asks China to stop hoarding food and fertiliser

Beijing restricted fertiliser exports to protect domestic market after US-Israeli war on Iran disrupted global supply chains

Latin Times

Costa Rica Newspaper Says US Revoked Visas After Reporting on President Chaves' Sexual Harassment Allegations

La Nación reported in 2021 that the World Bank had sanctioned Chaves over a "pattern of unwanted inappropriate behavior" when he worked for the institution

The Conversation

Gaza: six months of ceasefire have left the territory in rubble and little vision for the future of its people

Municipal elections in the occupied West Bank and in the central Gaza city of Deir al-Balah on April 25 have been quickly framed by Fatah, the dominant faction within the Palestinian Authority (PA), as a sweeping victory.

International Business Times UK

Deutsche Bank Sees Gold Prices Hitting $8K in 5 Years; World Bank Expects Prices to Average $4,700 in 2026

Deutsche Bank forecasts a significant rise in gold prices as central banks increasingly prefer gold over the US dollar as confidence in US assets continues to falter.

The Independent UK

UN warns of famine in South Sudan: ‘We are witnessing a deadly downward spiral’

A doctors also tells The Independent that there is no electricity at the hospital they work at because there is no fuel – and surgeons have performed caesarean sections with almost no medicines

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