The Latest Breaking News from World Bank

From Bush to Blix: what happened to the key figures in the Iraq war?

The ex-president is a painter, his VP an avid fly fisher, while Tony Blair has built a property empire. They appear unrepentant

The Guardian - US · Mar 23, 2023

World Bank says $411bn cost to rebuild war-torn Ukraine

World Bank said the figure of $411bn over the next 10 years should be considered a minimum as the war continues.

Al Jazeera · Mar 23, 2023

World Bank puts cost of rebuilding Ukraine at $411 billion

A new World Bank report puts the cost of Ukraine’s recovery and rebuilding from Russia’s invasion at $411 billion over the next decade

The Independent UK · Mar 22, 2023

Making use of big data for gender equality

'What gets measured gets done." It is a well-worn maxim attributed to everyone from management guru Peter Drucker to physicist Lord Kelvin. Regardless of who said it first, the point is a crucial one: If there are no data illustrating a problem or imbalance, it is unlikely to be a…

Bangkok Post · Mar 20, 2023

World Bank estimates Syria's three-year earthquake recovery needs at $7.9 billion

The World Bank on Monday said the February earthquakes are expected to have caused Syria's real GDP output to contract by 5.5% in 2023, with recovery and reconstruction needs estimated at $7.9 billion over three years.

Reuters · Mar 20, 2023

Chile inks $630 million earthquake insurance deal with World Bank

Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage from strong earthquakes, in an effort to shore up risks to public debt from possible natural disasters.

Reuters · Mar 17, 2023

Lebanon Banking Chief Maintains Innocence in European Embezzlement Probe

Lebanese central bank governor Riad Salameh maintained his innocence Friday following a second and final day of questioning in Beirut before European investigators in a probe into his personal wealth. Salameh, 72, is part of the Lebanese political class widely blamed for a crushing economic crisis that began in late…

Asharq Al-Awsat · Mar 17, 2023

A Eugene Kohn: Architect of soaring skyscrapers

His New York-based firm was a global powerhouse responsible for four of the tallest buildings in the world

The Independent UK · Mar 15, 2023

World Bank Sets Conditions for Lebanon to Access Electricity Funding

Lebanon has to audit its state electricity company among other reforms the World Bank has required before it will consider funding Lebanon's worn-down electricity sector, the bank's regional vice president Ferid Belhaj said on Tuesday. Public provision of electricity in Lebanon has been poor since the country's 1975-90 civil war…

Asharq Al-Awsat · Mar 14, 2023

Egypt Confirms Drop in Unemployment

Egypt announced that unemployment rates dropped to the lowest in nearly 19 years, citing several international institutions that projected further job growth in the coming years. The Cabinet Media Center published a report noting a positive change in the international view of the country's unemployment and employment levels. The World…

Asharq Al-Awsat · Mar 13, 2023