The Latest Breaking News from World Bank

NEW DELHI: The World Bank revised India's economic growth forecast for financial year 2022-23 to 7.5 per cent on Tuesday.

The World Bank has sharply downgraded its outlook for the global economy, pointing to Russia’s war against Ukraine, the prospect of widespread food shortages and concerns about the potential return of “stagflation” — a toxic mix of high inflation and sluggish growth unseen for more than four decades

The Lebanese Forces party will veto as prime minister anyone aligned with the armed Shiite Hezbollah party and stick to its boycott of government if a new consensus cabinet is formed, the party's leader said on Wednesday. Lebanon is in the throes of one of the world's worst economic meltdowns,…

Russia's invasion of Ukraine proved determinantal to the smaller nation, with the World Bank estimating a 45% contraction in Ukraine's GDP in 2022. The aggressor also had to pay a price, as evidenced by a slowdown in growth.

As the developed world demands emissions cuts, the continent’s leaders are asking whether it is possible to industrialise on green energy alone

The Indian government is fairly ready with a consultation paper on cryptocurrencies, a top government official Monday said, adding that organizations like International Monetary Fund and the World Bank have been consulted.

NEW DELHI: The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, economic affairs secretary Ajay Seth said on Monday.

A government which decides to borrow – either because it has programmed a budget deficit or needs to refinance maturing debts – faces two, non-mutually exclusive possibilities: borrow domestically in the local currency or borrow externally in a foreign currency.

Thailand's economic activity showed signs of slowing in the second quarter as a result of the higher cost of living, says World Bank Thailand.