The Latest Breaking News from World Bank

Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, finance minister Mthuli Ncube said at an IMF press conference on Saturday.

Xi is expected to be selected for a precedent-defying third term at this year's 20th Party congress.

Alok Sharma’s intervention puts pressure on Trump-appointed Bank chief who faces calls to resign

Chinese President Xi Jinping is presiding over a new era that prioritises political control over economic development.

The Middle East is projected to grow at five percent this year, up from 4.1 percent in 2021.

This week’s annual meetings of the World Bank could have important implications for the climate crisis and could help shift the trajectory of global warming. Multilateral development banks can make or break the transition to renewable energy, and governments are their shareholders. It’s time for those governments to step up…

Chancellor leaves IMF meetings early but trade minister Greg Hands downplays significance

Dozens of protesters demonstrated outside the annual meetings of the International Monetary Fund and the World Bank in Washington D.C. on Thursday, expressing opposition to funding of fossil fuels and demanding urgent action to tackle climate change.

As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.