The Latest Breaking News from World Bank

Thailand's economic outlook remains positive for next year despite global headwinds, according to economists.

The former head of Poland’s state broadcaster says he now has a job the World Bank

Malabo (Equatorial Guinea) (AFP) - Brand new homes intended for Equatorial Guinea's lower-income families have cropped up across the capital Malabo, but shanty town residents say they are going to the middle class and wealthy instead.

Former prime minister says US and Europe will pay biggest share of loss and damage fund, but China must too

At COP 27, negotiators have been haggling over how to pay for the mounting costs of climate change

A global transition to a low-carbon economy will require investments of at least US$4 trillion a year (£3.4 trillion) according to the implementation plan agreed at COP27 UN climate change summit in Sharm El-Sheikh, Egypt. Delivering this funding will involve nothing less than “a swift and comprehensive transformation of the…

The World Bank has refuted the anticipations of Banque du Liban (The Central Bank of Lebanon) of a 2 percent growth in GDP in 2022, expecting Lebanon to “contract by 5.4 percent in 2022 amid political paralysis and delays in implementing an economic recovery plan.” “The depth and duration of…

In September 2022 the United Nations organised the first-ever high-level Transforming Education Summit, inviting stakeholders to put forward commitments and tackle the challenges we face. Once again we heard how staggering the needs are: in lower-income countries, 25% of young people and just over 55% of adults are still illiterate,…

Lebanese lawmakers failed for a seventh time Thursday to elect a successor to former president Michel Aoun, even though the vacancy is hampering efforts to rescue the stricken economy. Parliament is split between supporters of the powerful Iran-backed Hezbollah movement and its opponents, neither of whom have a clear majority.…