The Latest Breaking News from World Bank

A New Storm Cloud Is Throwing Shade on Grain Markets. Here’s What Could Bring Out the Sun.

Grain markets traders have a weather-market wild card in their vests as the spring and summer months kick off.

Barchart · May 5, 2025

Census delay cuts access to subsidised foodgrain for 120 million Indians

The Census is now four years overdue, and the budget for the exercise has been slashed indicating further delays. This is even as millions of Indians are left without access to subsidised foodgrain, pushing them to the brink of food insecurity. Evidence shows that entitlements under the Public Distribution System…

Newslaundry · May 5, 2025

Gabon swears in ex-military chief Oligui as president

The former general, who led coup that ended Bongo family’s 55-year rule, swept the elections last month.

Al Jazeera · May 3, 2025

Stunned resignation and foreboding: a week in Trump’s shadow at IMF

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

The Guardian - UK · Apr 25, 2025

Kashmir attack: Does India’s Indus Waters Treaty freeze threaten Pakistan?

Pakistan has deemed India’s suspension of the Indus Waters Treaty following tourist attack in Pahalgam an ‘act of war’.

Al Jazeera · Apr 24, 2025

US Treasury Secretary says IMF and World Bank need reform

Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.”

Euronews · Apr 24, 2025

Slower growth looms over Eastern Europe as reform urgency rises

Slower growth looms over Eastern Europe and Central Asia as inflation, weak external demand, and structural inertia take hold. The World Bank urges bold reforms to unlock productivity and avoid the middle-income trap.

Euronews · Apr 24, 2025

Scott Bessent says the World Bank and IMF need a total overhaul: 'Mission creep has knocked these institutions off course'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

Fortune · Apr 23, 2025

From Doing Business to B-READY: World Bank’s new rankings represent a rebrand, not a revamp

In 2021, the World Bank shut down one of its flagship projects: the Doing Business index, a global ranking system that measured how easy it was to start and run a business in 190 countries.

The Conversation · Apr 23, 2025

US Treasury Chief Says IMF, World Bank Must Be 'Fit For Purpose'

The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues.

International Business Times · Apr 23, 2025