The Latest Breaking News from World Bank

World Bank's Malpass says Russia's detention of WSJ reporter is 'brazen act'

Russia's detention of Wall Street Journal reporter Evan Gershkovich is a "brazen act" and violates the vital freedom of the press, including the safety of journalists, World Bank President David Malpass said on Monday.

Reuters · Apr 10, 2023

US Treasury: World Bank Could Lend $50b More Over Decade With Reform

The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders' meetings next week where key changes are expected to be announced. Central bankers, finance ministers and participants from more than 180 member countries…

Asharq Al-Awsat · Apr 9, 2023

Are there brighter prospects than at the last IMF meetings? Only just

October saw the UK chancellor in the dock. Now the US’s Yellen will face flak over green subsidies and banking security

The Guardian - UK · Apr 8, 2023

Outlook for stable gains

Thailand's economy is estimated to expand by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and pent-up demand following China's reopening, according to the World Bank.

Bangkok Post · Mar 31, 2023

The World Bank warns that the U.S.—China rift could hurt Asia's growth and 'the global availability of knowledge'

A prolonged U.S.-China trade war will impact investment in Asia, but the reopening of China will boost regional economies for now, World Bank said.

Fortune · Mar 31, 2023

Indian-origin Ajay Banga poised to be World Bank chief unopposed

Indian-American business leader Ajay Banga is poised to become the next President of the World Bank. Read further on Dynamite News:

Dynamite News · Mar 31, 2023

World Bank Says Recoveries in Asian Economies Losing Steam

Developing economies in Asia have mostly regained ground lost during the pandemic but are seeing their recoveries stall as productivity lags, the World Bank said in a report released Friday. The report forecasts that growth in the region including China will pick up pace this year after the world's No.…

Asharq Al-Awsat · Mar 31, 2023

Egypt, Europe Agree to Support ‘Food Security’ Efforts

Egypt and the EU have signed a grant agreement of $40 million to support food security challenges. The grant comes within the framework of the European Union's support for the food security in Egypt program, funded by a grant of €100 million.

Asharq Al-Awsat · Mar 31, 2023

Thailand records current account surplus of $1.3bn

Thailand recorded a current account surplus of US$1.3 billion in February, after a revised deficit of $2.1 billion in the previous month, the Bank of Thailand (BoT) said on Friday.

Bangkok Post · Mar 31, 2023

World Bank says recoveries in Asian economies losing steam

The World Bank says developing economies in Asia have mostly regained ground lost during the pandemic but are seeing their recoveries stall as productivity lags

The Independent UK · Mar 31, 2023