The Latest Breaking News from the World Bank

West’s dominance is being challenged, with Brics summit showing emerging markets are unwilling to bow to pressure

Global commodity prices should fall to a five-year low next year thanks to a huge oil glut, the World Bank said Tuesday, pointing to oversupply and to flat demand from China.

Downward trend in oil price from higher production, falling demand in China and clean energy to continue

Union Finance Minister Nirmala Sitharaman urges the World Bank to offer more affordable lending with competitive pricing models at its 2024 Annual Meetings. Read further on Dynamite News:

We need to deal with the climate effects of global capitalism the way we deal with inflation – by applying the brakes

The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview.

Explore the potential impact of the U.S. presidential election on global economic policies and the IMF and World Bank's roles in maintaining economic stabi...

Setbacks mean UN goal of ending extreme poverty by 2030 is impossible to hit, report finds

The Gaza Strip is in ruins

About 600 million Africans don't have electrical service in their homes, with electrification rates in West Africa as low as 8%.

Companies that bring solar power to some of the poorest homes in Central and West Africa are said to be among the fastest growing on a continent whose governments have long struggled to address some of the world’s worst infrastructure and the complications of climate change