The Latest Breaking News from World Bank Group

IMF's Georgieva supports giving China more voting power amid global economic changes.

He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.

What Is the World Bank?The World Bank is an international organization whose dual mandate is to end extreme poverty and to promote shared prosperity through long-term economic development. Its members include 189 countries, each of which has a stake in the bank, and the staff come from 170 nations ...

David Malpass’s decision to quit has delighted frustrated developing nations, donors, experts and campaigners

The president of the World Bank Group, David Malpass, will leave his post about a year before the end of his five-year term. Appointed by former US president Donald Trump in 2019, Malpass courted controversy for his views on climate change, but said he was “proud” of the work he…

Another economic forecast has painted a grim picture for global growth, shining a spotlight on the impact on developing economies. The World Bank's Global Economic Prospects report cuts forecasts for 95 percent of advanced economies and nearly 70 percent of emerging market and developing economies. David Malpass, World Bank Group…

Something significant is happening in the desert in Egypt as countries meet at COP27, the United Nations summit on climate change.

A new report alleges the World Bank has failed on its promise to align more closely with the Paris agreement

World Bank President David Malpass defended the institution's commitment to tackling climate change on Tuesday, telling civil society groups that have criticized his leadership on the issue that the bank is focused on global warming.