The Latest Breaking News from World Bank

The great statesmanship and leadership that the United States showed during and after World War II is well known. America was the world's preeminent political, economic, and military power, and instead of using its position to penalise the losers and demand reparations, it helped plan and found multilateral global-governance institutions…

The World Bank on Friday announced $2.5 billion in additional grant financing from the U.S. Agency for International Development (USAID )to support Ukraine's budget and maintain essential services.

Pakistan faces a wave of problems on multiple fronts, but its growing debt can no longer be overlooked as inflation soars and foreign reserves crumble.

Washington (AFP) - The United States' candidate to lead the World Bank, Ajay Banga, has helmed large institutions and "helped bring 500 million unbanked people into the digital economy," according to US authorities.

Ex-Mastercard CEO has worked closely with Vice President Kamala Harris in efforts to address root causes of migration from Central America

US president puts forward choice to oversee new focus on climate crisis after resignation of Trump appointee David Malpass

Washington (AFP) - US President Joe Biden on Thursday announced the nomination of former Mastercard chief executive Ajay Banga as a candidate to lead the World Bank, after the development lender's current head announced plans to step down early.

U.S. President Joe Biden nominated former Mastercard Inc CEO Ajay Banga to lead the World Bank, betting the India-born executive's ties to the private sector and emerging markets will jump-start the 77-year-old institution's overhaul to better address climate change.

The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank