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The Latest Breaking News from World Bank

Fact check: Defence spending fell below 3% of GDP in the 1990s

John Major’s government cut defence spending to below 3% of gross domestic product (GDP) in in 1995, and it has not risen above that level since.

Evening Standard

2025 Commodity Markets: A Wild Ride Wraps Up, All Eyes on 2026

Man, 2025 was a wild ride in commodities. Prices were down 7% overall per the World Bank, thanks to weak growth, oversupply, and all those tariff/election headaches. But hey, not total doom... precious metals absolutely crushed it.

Barchart

Reform plan to cap aid at £1bn would damage UK’s international influence, critics warn

Exclusive: Campaigners say slashing overseas aid would leave UK unable to meet existing commitments

The Guardian - UK

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How private investors are making billions from countries in debt

IN DEPTH: Exclusive: As an escalating climate crisis and a difficult economic outlook put ever greater pressure on developing countries, new analysis shows how wealthy private investors in the Global North are profiting

The Independent UK

Could The US Economy Enter A Recession While Hosting The 2026 World Cup?

In 2026, the United States, Canada and Mexico will jointly host the FIFA World Cup, the largest sporting event ever staged in North America, with 48 teams, expanded venues, and one of the most complex tourism and logistics operations in sports history.

Benzinga

COP30: EU backs global carbon market alliance to crack down on CO2 emissions

The European Union and Brazil urged other countries to embrace mechanisms that put a price on carbon and develop carbon markets to finance global climate action. Critics argue the decision could undermine domestic climate ambition and jeopardise financing for restoring natural carbon sinks.

Euronews

World Bank Partners With Private Equity In Global Critical Minerals Race

Private equity investors are boosting their participation in the global race for critical minerals. As these commodities take the central stage in international trade negotiations, fresh ten-figure deals are taking place.

Benzinga

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Estimated €185bn needed to rebuild Syria after 14 years of civil war, World Bank says

Syria's civil war began in 2011 when mass protests against the government of then-President Bashar al-Assad were met with a brutal crackdown and spiralled into armed conflict.

Euronews

World Bank estimates $216B needed to rebuild Syria after civil war

The World Bank says rebuilding Syria after over a decade of civil war could cost about $216 billion

The Independent UK

IMF Meetings To Begin Under Fresh Cloud Of US-China Trade Tensions

The IMF and World Bank's semi-annual gathering of finance ministers and central bank governors gets underway in Washington on Monday, against the backdrop of new trade threats from the world's two largest economies.

International Business Times

Urgent calls for debt relief as study shows health and education cuts in developing world

Influential economists want replenishment of funds and new ways to define countries in need before this week’s IMF and World Bank meetings

The Guardian - UK

Dams for development? Unpacking tensions in the World Bank’s hydropower policies

Dams have been emblematic of the World Bank’s approach to development for many decades. From the bank’s early years in the 1960s and 1970s, large-scale infrastructure projects such as dams, power plants and transport networks were central to its strategy for economic growth and poverty reduction. This reflected a top-down…

The Conversation

On the road with the minister tasked with defending Britain’s painful aid cuts to Ghana

Jenny Chapman is shown the impact of her government’s ever-diminishing assistance on her first trip accompanied by the media since taking charge of development

The Guardian - UK

India suffered Rs 24,000 crore losses this monsoon: Do we have a plan to fix this?

This monsoon season has brought severe destruction to India’s northern states. There were cloudbursts in Uttarakhand, flash floods in Himachal Pradesh, landslides in Jammu and Kashmir, and Punjab saw its worst flood since 1988.

Newslaundry

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International Business Times

Ethiopia Inaugurates Africa's Biggest Dam

Ethiopia was set to inaugurate Africa's largest hydroelectric project on Tuesday that has promised to revolutionise the country's energy sector but sparked diplomatic rows with downstream neighbour Egypt.

The Independent UK

Mozambique welcomes $6 billion electricity project from World Bank backing

Mozambique has won World Bank backing for a $6 billion hydroelectric plant

The Guardian - UK

‘Without water nothing can exist’: the Malawians repeatedly displaced by drought

Unpredictable weather fuelled by the climate crisis is forcing millions from their homes, with many struggling to access water

The Conversation

Has extreme poverty really plunged since the 1980s? New analysis suggests not

Data from the World Bank suggests that extreme poverty has declined dramatically over the past four decades, from 47% of the world’s population in 1981 to around 10% today.

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Al Jazeera

In oil-rich Angola, poverty, hunger and deadly unrest over fuel price hikes

Critics say most people in Africa’s third-largest oil-producing nation have not seen benefits from that natural wealth.

Newslaundry

Explained: Why India’s inequality is underestimated

India’s consumption gap appears to shrink, but income inequality is rising fast, as per analysis of India’s consumption data by the World Bank.

Newslaundry

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

Fortune

Indonesia bets a new sovereign wealth fund will finally unlock its potential

Rosan Roselani, Danatara CEO and ally of president Prabowo Subianto, needs to streamline Indonesia's lumbering state-owned giants.

Evening Standard

Funding for some aid organisations and countries to be cut, minister says

The minister for development said the Government is ‘modernising’ its approach.

The Conversation

Sudan’s war is an economic disaster: here’s how bad it could get

Since April 2023, Sudan has been engulfed in a devastating war between the Sudanese Armed Forces and the Rapid Support Forces. What began as a struggle for power has turned into a national catastrophe. More than 14 million people have been displaced. Health and education systems have collapsed and food…

inkl

The Supply Chain Maverick: How Leyland Seto Transformed Fortune 500 Giants with Cutting-Edge Tech Amid Soaring Global Disruptions

Amid rising global supply chain vulnerabilities, the World Bank's Global Supply Chain Stress Index (GSCSI) indicates a significant increase in container shipping disruptions caused by extreme weather events.

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