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The Latest Breaking News from the World Bank

UN Conference Seeks Boost For Aid As US Cuts Bite

A UN conference aiming to rally fresh support for development aid begins in Spain on Monday with the sector in crisis as US-led funding cuts jeopardise the fight against poverty.

International Business Times

World Bank warns that 39 fragile states are falling further behind as conflicts grow, get deadlier

The world’s most desperate countries are falling further and further behind, their plight worsened by conflicts that are growing deadlier and more frequent

The Independent UK

Rising poverty in conflict zones ‘causes a billion people to go hungry’

In first assessment since pandemic in 2020, World Bank urges other countries to step up support

The Guardian - UK

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Africa’s development banks are being undermined: the continent will pay the price

Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB).

The Conversation

World Bank approves $1bn for development projects in Iraq, Syria and Lebanon

The biggest amount went to Iraq, where the World Bank approved $930 million to help improve the country’s railway infrastructure, boost domestic trade and create jobs.

Euronews

India forcibly sterilised 8m men: One village remembers, 50 years later

The imposition of a state of national emergency on June 25, 1975, was India’s closest brush with dictatorship.

Al Jazeera

AIIB elects former anti-corruption official as new president

Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors.

Euronews

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World Bank grants South Africa a $1.5B loan for infrastructure upgrade and green energy transition

South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and help it transition toward a low-carbon economy

The Independent UK

World Bank And IMF Climate Snub 'Worrying': COP29 Presidency

The hosts of the most recent UN climate talks are worried international lenders are retreating from their commitments to help boost funding for developing countries' response to global warming.

International Business Times

Bolivia Risks Debt Default Without New Funding: President To AFP

Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday.

International Business Times

Nigeria’s economy is growing but rural poverty is rising: 5 key policies to address the divide

The Nigerian economy grew at a robust rate of 3.4% in 2024, the highest it has been since 2019 (except 2021 when the COVID rebound occurred).

The Conversation

‘I’ve lost hope of overturning Uganda’s brutal anti-LGBT+ law thanks to Trump’s aid cuts’

IN FOCUS: Without US funding as leverage, one of Uganda’s most prominent LGBT+ activists Steven Kabuye tells Rachel Schraer, there are few ways to push the country towards change

The Independent UK

Nvidia CEO Jensen Huang Doesn’t Think The U.S. Has as Big of an Advantage in AI as We Think, ‘Huawei Will Have China Covered’

Nvidia CEO warns U.S. tech export bans may backfire, boosting China’s self-reliance and weakening America’s innovation and economy.

Barchart

How Solving Real Problems Sparked a Business Journey from Armenia to the Global Market

Aram Minasyan has never viewed entrepreneurship as an abstract pursuit. For him, it has always begun with something specific

inkl

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Fortune

World Bank warns the global economy is barreling toward its weakest decade in 50 years

The World Bank cut growth forecasts for 70% of global economies.

AAP

Business, union divisions threaten to derail PM summit

The prime minister hopes business groups and unions will unite to address a lagging economy but there are already signs of division before a planned summit.

Barchart

Dollar Posts Modest Gains on US-China Trade Optimism

The dollar index (DXY00 ) Tuesday rose by +0.13%. The dollar recovered from early losses Tuesday and moved higher on signs of progress in the US-China trade talks. On Monday evening, President Trump stated that the US was "doing well with China" and that he was "only getting good reports"...

The Independent UK

The Latest: Hegseth suggests National Guard use for homeland defense will expand under Trump

Defense Secretary Pete Hegseth is fielding sharp questions from members of Congress about his tumultuous start as Pentagon chief, including his sharing of sensitive military details over a Signal chat, in Capitol Hill hearings

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Barchart

Dollar Little Changed as Markets Await News from US-China Trade Talks

The dollar index (DXY00 ) today is down by -0.04%. The dollar gave up an overnight advance and turned slightly lower after the World Bank cut its 2025 global growth outlook. Also, lower T-note yields today have weakened the dollar's interest rate differentials. The dollar today initially moved higher on...

Euronews

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.

The Independent UK

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 Guardian - 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

Caixin Global

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

Al Jazeera

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.

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