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The Latest Breaking News from the World Bank

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

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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

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.”

The Conversation

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’.

Al Jazeera

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

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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.

Euronews

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.

Fortune

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.

The Conversation

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.

International Business Times

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.

Fortune

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.

International Business Times

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.

Al Jazeera

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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."

The Conversation

Demand-centric labor-intensive industries may help our shrinking middle class

Indonesia’s current account deficit pressures the middle class, forcing them to use their savings. The rupiah’s volatility has increased import costs, reducing household expenditure. Additionally, 81,290 layoffs between 2024 and 2025 and a significant decrease in middle class spending, from 21.45% in 2019 to 17.13% in 2024, paint a bleak…

The Independent UK

World Bank employees accused of ‘intimidating’ au pair into forced labor and threatening to have her deported

Exclusive: An au pair from Indonesia claims in a lawsuit obtained by The Independent that the couple refused to let her leave the house without their permission and threatened to have her deported if she told anyone about the mistreatment

The Guardian - UK

World Bank announces multimillion-dollar redress fund after killings and abuse claims at Tanzanian project

Communities in Ruaha national park reject response to alleged assault and evictions of herders during tourism scheme funded by the bank

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Radio France Internationale

Macron calls malnutrition a 'fight for peace' as donors pledge €25bn

French President Emmanuel Macron underlined the global need to fight malnutrition amid uncertainty over global development aid funding, as Paris hosts the Nutrition for Growth summit. By the end of the first day, the summit had seen pledges of €25 billion.

Salon

Future of Gaza’s recovery may be solar

Facing destroyed infrastructure and limited control of energy supplies, off-grid options like solar are helping Pal

The Independent UK

Mali embraces solar power for rural areas but the challenges are still vast

A solar power plant in this rural corner of Mali has jolted a village to life and awakened dreams of steady power in this West African nation

The Independent UK

World Bank estimates $11B needed to rebuild Lebanon after Israel-Hezbollah war

The World Bank says the cost of reconstruction and recovery for Lebanon following the 14-month Israel-Hezbollah war is estimated at $11 billion

The Guardian - UK

Allowing foreign firms to sue governments for lost profits is legal terrorism – it must end

Investor–state dispute settlements don’t just mean growing debt burdens for countries: they are also a barrier to action on the climate crisis

Evening Standard

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs

Governor Andrew Bailey cautioned over the ‘major shift’ going on in the US after President Trump imposed trade tariffs on various countries.

The Independent UK

Voices: Musk is wrong about foreign aid – it’s how countries show their character to the world

IN FOCUS: The evidence shows international aid – when spent correctly – can bring tremendous benefits and save millions of lives, writes expert and author Stefan Dercon. But if helping people cope with deprivation won’t convince the Maga crowd, advocates of aid spending will have to try a different argument

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