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The Latest Breaking News from World Bank

In the lexicon of development, few words sound as reassuring as "graduation", which suggests progress past critical milestones and an escape from dependency. In global health, however, graduation increasingly creates a trap. When a country crosses the World Bank's threshold from low- to middle-income status, it is deemed too rich…

Bangkok Post

China Tightens Its Grip on Global Manufacturing as US Share Slides to 17%

China now accounts for 28% of global manufacturing, surpassing the US, Japan, and Germany combined. This shift highlights China's industrial dominance and its impact on global trade and consumer prices.

International Business Times UK

World's narrowest island capital just 150 metres wide could disappear beneath rising seas, World Bank warns

Majuro, capital of the Republic of Marshall Islands, confronts severe threats from rising sea levels. Coastal erosion accelerates due to increased wind speeds and human interference. Adaptation measures like sea walls and land raising are being considered by policymakers. However, migration may become a last resort for the Marshallese people.

The Times of India

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Ed Miliband indicates development and climate will be at heart of UK foreign policy

Exclusive: Foreign secretary to take up World Bank seat and play active role in shaping changes to global lender

The Guardian - UK

Venezuela earthquake damages add up to almost $20 billion, World Bank says

Almost a month after the devastating earthquakes, Venezuela has a mammoth task ahead in terms of rebuilding, rehabilitating and mitigating the social and economic damage of the biggest natural disaster in decades.

Euronews

Middle East Clashes Could Hit The World Economy. Growth Could Be Slashed to 1.3%, World Bank Says

World Bank Chief Economist Indermit Gill said that if the war continues for another six months or longer, growth could fall from the projected 2.5% to as little as 1.3%.

International Business Times

Deaths from Venezuela earthquakes rise above 5,000

Venezuela has been able to unlock €302 million of funding from the International Monetary Fund to support recovery and reconstruction following the devastating earthquakes that hit the northern coastal region last month.

Euronews

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Delhi government, World Bank launch orientation for Rs 8,300-crore clean air project

The seven-year programme, to be implemented between September 2026 and August 2033, will be financed through a 65 per cent loan from the World Bank, while the remaining 35 per cent will be borne by the Delhi government.

The Economic Times

World Bank Group commits $890 million to promote solar rooftop project in India

The World Bank committed USD 890 million for India's solar rooftop initiative. This funding aims to bring clean energy to millions of homes nationwide. The program will also create significant job opportunities across the renewable energy sector. India seeks to achieve net zero emissions by 2070 and increase non-fossil fuels.…

The Economic Times

Labor Department submits revised ESG rule to White House

In this week’s edition of Economy and Society:

Ballotpedia

The World Bank has elevated Vietnam and the Philippines to upper-middle-income status—but now they face 'a far more demanding phase of development'

Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.

Fortune

Venezuela earthquake death toll rises to 2,595

Venezuela's interim president, Delcy Rodriguez, revealed Friday that twin earthquakes on June 24 have claimed 2,595 lives. This grim update follows international aid offers from the IMF and World Bank. Venezuela is now establishing a $200 million reconstruction fund with the IMF to rebuild devastated homes, providing crucial financial support…

The Economic Times

World Bank drops climate funding target, raising fears for Africa

The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming world.

Radio France Internationale

World Bank to phase out China lending by 2031

The World Bank is set to cease lending to China by 2031, a move reflecting Beijing's economic ascent. Loans will be capped at $2 billion until then, a significant drop from previous years. This decision, supported by the US, aligns with China's development status. Beijing views the gradual reduction as…

The Economic Times

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Bangkok Post

World Bank to phase out lending to China by 2031

WASHINGTON (UNITED STATES) - The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.

The Times of India

Bangladesh ups foreign outreach: World Bank clears $1. 1bn fund; ties with China hit 'highest levels'

In a bid to address surging food and energy prices driven by international conflicts, Bangladesh has secured $1.1 billion in World Bank emergency funding. This financial assistance is designed to safeguard employment and critical services. Furthermore, Dhaka is bolstering its strategic and economic relationship with China, as evidenced by recent…

The Economic Times

World Bank approves USD 1.5 bn loan to support India's reforms, job creation

India's push for private sector-led growth and job creation has received a significant boost with the World Bank approving USD 1.5 billion in financing. This funding will support structural reforms aimed at simplifying business regulations, enhancing trade, and improving access to capital. The initiative is projected to create employment for…

MyLifeXP

Pakistan's Biggest Fear? India's Water Strategy

A river that has flowed peacefully for centuries is suddenly at the center of one of South Asia's most dangerous disputes. Pakistan's Defence Minister Khawaja Asif has issued a stark warning, saying Pakistan could go to war if it believes India's actions threaten its water security. The statement comes amid…

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Reason

The War on Economic Growth Is a War on the Poor

No poor country has ever achieved decent living standards without first getting richer.

The Independent UK

50 million Africans connected to power in ‘unprecedented’ partnership between aid agencies

IN FOCUS: Exclusive: Agencies including the World Bank and the Africa Development Bank tell Nick Ferris how their new partnership, Mission 300, has been able to transform energy access in Africa even as foreign aid budgets have been cut

Bangkok Post

Development banks must evolve

Multilateral development banks (MDBs), chief among them the World Bank, were established to provide capital to developing countries that couldn't raise it at home or on affordable terms abroad. For decades, they filled that gap. But as more countries move from low- to middle-income status (according to the World Bank's…

Latin Times

Developing Economies Face a 'Lost Decade' as Iran War Drives Global Economic Strains, World Bank Warns

The lender downgraded growth forecasts for roughly two-thirds of the world's economies, citing disruptions to energy markets and trade routes linked to the conflict

AAP

World Bank expects weakest global growth since pandemic

The World Bank has cut its global growth forecast for 2026 to 2.5 per cent due to the war in the ‌Middle East.

The Economic Times

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 Guardian - UK

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

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