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The Latest Breaking News from the World Bank

World Bank: Economy set for worst run since 2008 outside of recessions

The group has cut its growth forecasts in nearly 70% of all economies — across all regions and income groups.

Euronews

Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday

The Independent UK

2020s on course to be weakest decade for global economy since 1960s, says World Bank

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs

The Guardian - UK

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Weekend Long Read: Remembering Luminary Economist Stanley Fischer

The MIT professor helped shape the foundations of New Keynesian economics and influenced generations of economists and policymakers

Caixin Global

Vietnam scraps two-child policy to combat falling birthrate

Vietnam’s declining birthrate is most pronounced in urban areas, while nationally, male births still outnumber female.

Al Jazeera

Saudi Arabia says it will jointly fund Syria state salaries with Qatar

Saudi and Qatari efforts aim to stabilise Syria by funding public-sector salaries and boosting economic recovery plans.

Al Jazeera

“Told Me I Was Safe”: 60 Women Share The Times They Felt Instantly Unsafe With A Man

Who is a bigger threat to a woman alone in the woods? A man or a bear?

Bored Panda

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Hezbollah holds firm in Lebanon’s municipal elections

Establishment parties, including Hezbollah, emerge as the biggest winners in the first municipal polls since 2016.

Al Jazeera

World Bank says Syria eligible for new loans after debts cleared

Saudi and Qatari payments settle Syria’s arrears, allowing World Bank and IMF to re-engage.

Al Jazeera

Funds from migrants sent back home help fuel some towns' economies. A GOP plan targets that

House Republicans have included in President Donald Trump's big priority bill a 5% excise tax on some of the funds sent by migrant workers back to their home countries

The Independent UK

Seeking funds to rebuild, Lebanon government works to regain donor trust

Rebuilding is essential after Israel’s war on Lebanon destroyed swaths of the country, but will donors pay?

Al Jazeera

A New Storm Cloud Is Throwing Shade on Grain Markets. Here’s What Could Bring Out the Sun.

Grain markets traders have a weather-market wild card in their vests as the spring and summer months kick off.

Barchart

Saudi Arabia and Qatar to repay Syria’s debts to the World Bank

The payment of Syria's outstanding loans could help the country regain World Bank support and financing, which has been stalled for more than 14 years now.

Euronews

Developing Countries Should Fast-track US Trade Deals: World Bank President

Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.

International Business Times

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The Conversation

Tensions over Kashmir and a warming planet have placed the Indus Waters Treaty on life support

In 1995, World Bank Vice President Ismail Serageldin warned that whereas the conflicts of the previous 100 years had been over oil, “the wars of the next century will be fought over water.”

Al Jazeera

Kashmir attack: Does India’s Indus Waters Treaty freeze threaten Pakistan?

Pakistan has deemed India’s suspension of the Indus Waters Treaty following tourist attack in Pahalgam an ‘act of war’.

Euronews

US Treasury Secretary says IMF and World Bank need reform

Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.”

Euronews

Slower growth looms over Eastern Europe as reform urgency rises

Slower growth looms over Eastern Europe and Central Asia as inflation, weak external demand, and structural inertia take hold. The World Bank urges bold reforms to unlock productivity and avoid the middle-income trap.

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Fortune

Scott Bessent says the World Bank and IMF need a total overhaul: 'Mission creep has knocked these institutions off course'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

The Conversation

From Doing Business to B-READY: World Bank’s new rankings represent a rebrand, not a revamp

In 2021, the World Bank shut down one of its flagship projects: the Doing Business index, a global ranking system that measured how easy it was to start and run a business in 190 countries.

International Business Times

US Treasury Chief Says IMF, World Bank Must Be 'Fit For Purpose'

The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues.

Fortune

Scott Bessent says China must move away from export overcapacity and American overreliance: 'Everyone knows it needs to change'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said, “America first does not mean America alone,” sharing that more than 100 countries have come to the table to talk trade deals.

International Business Times

Global Uncertainty Will 'Certainly' Hit Growth: World Bank President

The uncertainty kicked up by Donald Trump's stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week's semi-annual meeting of global financial leaders in Washington.

Al Jazeera

Can Bitcoin save Bhutan’s struggling economy?

Amid a brain drain and economic woes, Bhutan has used cryptocurrency to double the salaries of its civil servants.

International Business Times

Argentina Receives $42 Bn From International Financial Institutions

Three international financial institutions announced $42 billion in fresh support for financially troubled Argentina on Friday, as its president said his country's economy will grow "like never before."

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