The Latest Breaking News from World Bank

What Was the Bretton Woods System? Bretton Woods was an international monetary system that emerged after the end of World War II. To deal with a postwar global economy, a fixed exchange rate regime was established in which the U.S. dollar was pegged to the price of gold. A Brief…

A look at who will – and who may not – be at the Sharm el-Sheikh climate summit this month

Cairo (AFP) - Little rainfall, aggressive heatwaves and worsening drought make the Middle East the most water-stressed region in the world, with climate change threatening to displace millions of people.

The conclusions of two international credit rating agencies agreed on the initial positive outlook for Lebanon and its economy following its signing of the US-mediated sea border deal with Israel. “The agreement is credit positive for Lebanon because it establishes the necessary geopolitical security conditions for international energy companies to…

Latest government data shows that the labour force participation rate of women in India fell from 43 percent in 2005 to 25 percent in 2021. According to the World Bank, the number of working women in India fell from 26 percent in 2010 to 19 percent in 2020.

Thailand's economy should not succumb to the global economic slowdown projected for next year, but rather continue its recovery propelled by new infrastructure development and increasing digital know-how among people, says Deputy Prime Minister Supattanapong Punmeechaow.

The Covid-19 pandemic and Russia's invasion of Ukraine have reversed three decades of progress in reducing poverty, according to the World Bank, which is warning that the global goal of eradicating extreme poverty by 2030 is now out of reach. In its latest report, the Washington-based lender estimates that 70…

The Solomon Islands will need to implement fiscal reforms such as alterations to its tax system and more efficient public spending or its debt levels may become unsustainable, the World Bank said in a report on Wednesday.

Nearly 80% of the estimated 70 million people around the world who fell into extreme poverty at the onset of Covid-19 in 2020 were from India, a recent World Bank report has revealed. But even this shocking figure could be an underestimation, as the lack of official data makes it…