The Latest Breaking News from World Bank

Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction and recovery in conflict-hit areas, the finance ministry said.

The hike in inflation means purchasing power of Nigerians, some of whom live on $50 monthly minimum wage, is declining.

U.S. Treasury Secretary Janet Yellen has met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies

Liz Truss unveils plan to almost halve budget to multilateral bodies, challenge ‘malign actors’ and boost trade-linked deals

From civil servants, teachers and doctors to journalists and business owners, loss of female workers under the Taliban has already cost the economy $1bn

Six months on, the war in Ukraine and ongoing Covid-19 pandemic have derailed some changes agreed on in Glasgow

Across Latin America, the sharpest price spike in a generation has left many widely consumed local products suddenly hard to attain

President Joe Biden said that the U.S. will share technologies used to make COVID-19 vaccines through the World Health Organization and is working on expanding rapid testing and antiviral treatments for hard-to-reach populations. "We are making available health technologies that are owned by the United States government, including stabilized spike protein that…

Lebanese vote on Sunday in the first election since their country's economic collapse, a test of whether Iran-backed Hezbollah and its allies can preserve their parliamentary majority amidst soaring poverty and anger at ruling parties.

As more Ukrainians abroad send funds home, World Bank expects remittances to Russia-linked countries to fall

NEW DELHI: Global inflationary pressures are being faced by all economies alike. The surge in prices of key commodities has spiked more markedly and is persistent in most economies than anticipated, especially at a time when they are recovering from slowdown caused by Covid pandemic in the last 2 years.