The Latest Breaking News from World Bank

Calls for White House to lose stranglehold on choosing bank’s leadership

Biden likely to move quickly in picking new World Bank leader.

David Malpass is stepping down as president of the World Bank, four years after former President Donald Trump picked him to run the 189-nation agency

Malpass did not explain his reason for stepping down — but his exit comes months after a climate change-related controversy.

Policymakers tend to assume that the effects of conflict are felt only where violence occurs. As a result, humanitarian aid, protection efforts or asylum policies largely focus on conflict-hit areas.

U.S. Treasury Secretary Janet Yellen urged the World Bank to map out "bolder and more imaginative" steps on Thursday to address global challenges such as climate change even as it continues to aid individual developing countries.

Small business owners say the scheduled power cuts are hurting their daily operations.

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.

The Covid-19 pandemic has exposed the weaknesses and lack of preparedness of health systems globally. When the virus was at its peak, many low- and middle-income countries struggled to save lives while sustaining essential medical services such as maternal health care, routine childhood immunisation, and the treatment of non-communicable diseases.