The Latest Breaking News from World Bank

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.

KOLKATA: In 2001, Chandra Shekhar Ghosh started Bandhan-Konnagar with the objective of empowering the underprivileged and creating new employment opportunities. He concerned himself with figuring out ways to provide support to people to increase their per capita income. The answer was microcredit. While the venture was a success, Ghosh realised…

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

In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and some days he can't afford any. In a country which once boasted the nickname "Switzerland of the Middle East" for its thriving banking sector before financial crisis hit in 2019,…