The Latest Breaking News from World Bank

World Bank Vice President calls for continued vigilance against zoonotic diseases

Martin Raiser, Vice President for the South Asia Region, World Bank, on Friday underscored the need for continued vigilance against zoonotic diseases.

The Hindu · May 12, 2023

$315 million World Bank funding in the pipeline for State: World Bank VP

Additional World Bank funding for Kerala totalling $315 million, subject to negotiations and approvals, is in the pipeline, Martin Raiser, Vice President for the South Asia Region, World Bank, said here on Friday.

The Hindu · May 12, 2023

Pakistan’s reeling economy takes new hit from protests

Firms and gig workers see losses piling up amid internet shutdowns in big cities.

Al Jazeera · May 12, 2023

World Bank elects US nominee Ajay Banga president

He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.

Al Jazeera · May 3, 2023

Tracking the impact of U.S.-China tensions on global financial institutions

NPR's Steve Inskeep asks the president of a China-led development bank about the impact of the friction between the U.S. and China.

WEKU · May 1, 2023

World Bank: Lebanon Tops World’s Food Price Inflation Rate

In its latest reports on food security around the world, the World Bank said that Lebanon recorded the highest nominal food price inflation rate in the world during the February 2022 – February 2023 period. The country registered 261% annual change in the food Consumer Price Index (CPI), followed by…

Asharq Al-Awsat · Apr 30, 2023

Saudi Arabia Makes Great Strides in Global Logistics Services

Saudi Arabia has jumped 17 ranks in the World Bank’ Logistics Performance Index (LPI) 2023, which allows it to attract more investments, and increase the volume of exports, imports, and international trade, experts told Asharq Al-Awsat. The Kingdom’s progress in the international index came after achieving large leaps in several…

Asharq Al-Awsat · Apr 30, 2023

The Stats Guy: Double export status gives Australia a rare geopolitical advantage

A nation that exports more than it imports is a net exporter. Being self-sufficient is great as you don’t rely on trade.

The New Daily · Apr 29, 2023

Global Food Security Remains Under Threat, Despite Drop in Commodity Prices

Global commodity prices are expected to decline this year at the fastest clip since the onset of the COVID-19 pandemic, clouding the growth prospects of almost two-thirds of developing economies that depend on commodity exports, according to the World Bank's latest Commodity Markets Outlook report. However, according to the bank's…

Asharq Al-Awsat · Apr 29, 2023

World Bank: MENA Region Faces Unprecedented Water Scarcity

The Middle East and North Africa (MENA) region is going to face unprecedented water scarcity in the future, warned the World Bank. In a report, titled "The Economics of Water Scarcity in the Middle East and North Africa Region – Institutional Solutions," it indicated that by 2030, the water available…

Asharq Al-Awsat · Apr 28, 2023