The Latest Breaking News from World Bank

The European Union and Brazil urged other countries to embrace mechanisms that put a price on carbon and develop carbon markets to finance global climate action. Critics argue the decision could undermine domestic climate ambition and jeopardise financing for restoring natural carbon sinks.

Private equity investors are boosting their participation in the global race for critical minerals. As these commodities take the central stage in international trade negotiations, fresh ten-figure deals are taking place.

Dams have been emblematic of the World Bank’s approach to development for many decades. From the bank’s early years in the 1960s and 1970s, large-scale infrastructure projects such as dams, power plants and transport networks were central to its strategy for economic growth and poverty reduction. This reflected a top-down…

Jenny Chapman is shown the impact of her government’s ever-diminishing assistance on her first trip accompanied by the media since taking charge of development

This monsoon season has brought severe destruction to India’s northern states. There were cloudbursts in Uttarakhand, flash floods in Himachal Pradesh, landslides in Jammu and Kashmir, and Punjab saw its worst flood since 1988.

Ethiopia was set to inaugurate Africa's largest hydroelectric project on Tuesday that has promised to revolutionise the country's energy sector but sparked diplomatic rows with downstream neighbour Egypt.

Mozambique has won World Bank backing for a $6 billion hydroelectric plant

Unpredictable weather fuelled by the climate crisis is forcing millions from their homes, with many struggling to access water

Data from the World Bank suggests that extreme poverty has declined dramatically over the past four decades, from 47% of the world’s population in 1981 to around 10% today.