The Latest Breaking News from World Bank

The United States will provide an additional $4.5 billion to Ukraine's government, bringing its total budgetary support since Russia's February invasion to $8.5 billion, the U.S. Agency for International Development said on Monday.

Cairo is discussing with the World Bank a $500 million development funding deal, which is meant to boost Egypt’s efforts to help achieve food security and to strengthen the Egyptian economy to confront the repercussions of the Russia-Ukraine war. Minister of International Cooperation Rania Al-Mashat and Minister of Supply Ali…

With global inflation rising and the fear of fuel and food crises looming large, clouds are gathering on the economic horizon of South Asian countries. Sri Lanka in particular remains mired in a crisis driven by a mix of high indebtedness, soaring inflation and poor economic management.

Mechai Viravaidya twice saw Thailand in desperate trouble — first from a ruinous population explosion and then from the Aids epidemic — and he responded to both crises the same way: with condoms and his own considerable charisma.

How All the Major Powers—Even the United States—Became Revisionists

Since the Latin American debt crisis of the 1980s, sovereign-debt crises have become a regular occurrence for emerging and developing economies. Today, Sri Lanka needs a bailout from the International Monetary Fund (IMF) after defaulting on its foreign debt in May, and a growing number of low-income countries are facing…

The World Bank accused Lebanese politicians of being cruel by asserting that deposits in the country's collapsed banking sector are sacred, saying such slogans "flagrantly contradict the reality" in a report on Wednesday. Lebanon is in the third year of a financial meltdown that has left eight in ten people…

The World Bank accused Lebanese politicians of being cruel by asserting that deposits in the country's collapsed banking sector are sacred, saying such slogans "flagrantly contradict the reality" in a report on Wednesday.

Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, Bloomberg News reported on Wednesday.

The first shipment of Ukrainian grain since Russia’s invasion reached Turkish territorial waters on Tuesday near the entrance to the Bosphorus Strait. The number of border crossings from Ukraine has surpassed 10 million, the UN Refugee Agency reported. Read about the day's events as they unfolded on our liveblog. All…

Lebanon is worst-hit by food inflation after food grain store explosion in Beirut in 2020