The Latest Breaking News from World Bank

How town at the epicentre of Turkey’s 1999 earthquake was rebuilt

As Turkey reels from last month’s tremors, Golcuk’s reconstruction could offer glimpse into what needs to happen now.

Al Jazeera · Mar 6, 2023

Earthquakes Caused $5.1 Bln in Damage in Syria, World Bank Estimates

The deadly earthquakes that hit Turkey and Syria last month caused about $5.1 billion in direct physical damage in Syria, the World Bank said on Friday, furthering destruction in a country already devastated by years of civil war. The current value of damaged and destroyed buildings and infrastructure is estimated…

Asharq Al-Awsat · Mar 3, 2023

SOS diaspora: How Lebanese abroad help their country survive crisis

As their country sinks deeper into a financial crisis, more Lebanese people depend on money sent by relatives living abroad to survive. Remittances sent by the Lebanese diaspora, one of the largest in the world, partly explain why Lebanon has not yet descended into social chaos or full-scale revolt, despite…

France 24 · Mar 3, 2023

Turkey intends to hold elections on May 14 despite quake

Turkey's president has indicated that his government intends to hold elections in May despite an earthquake that devastated parts of southern Turkey

The Independent UK · Mar 1, 2023

India's Q3 GDP at 4.4%; economy to grow at 7% in FY23

NEW DELHI: India's gross domestic product for the third quarter (September-December 2022) of financial year 2022-23 grew by 4.4%, data released by the Centre showed on Tuesday.

The Times of India · Feb 28, 2023

Sudan to Raise Import Duties on 130 Items

The Sudanese authorities have raised customs duties on 130 commodities, including gasoline and wheat, to cover the expected deficit in this year's budget. The tariff hike, which immediately entered into force, would increase the prices of many imported and local goods amid the country's stagflation. The Customs Authority stated that…

Asharq Al-Awsat · Feb 28, 2023

World Bank: Feb. 6 Quakes Caused $34.2 Bln in Damage in Türkiye

The two major earthquakes which hit Türkiye on Feb.

Asharq Al-Awsat · Feb 28, 2023

Toxic Smog: Iran Criticized for Winter ‘Air Pollution Catastrophe’

In Iran this winter, hospital emergency rooms have been full, schools regularly closed, and many people unable to work or even leave their homes due to toxic smog, which a leading United Nations expert is calling an "air pollution catastrophe". Dirty air is a chronic problem in Iran. Many of…

Asharq Al-Awsat · Feb 27, 2023

UK will be poorer than eastern Europe if Tory ‘low wage doom-loop’ continues, warns Keir Starmer

According to Labour's analysis of World Bank data, it predicts that wealth prospects in Britain are set to be surpassed within the next 20 years by eastern European rivals

Manchester Evening News · Feb 26, 2023

The Guardian view on Germany’s economic miracle: it was built on debt relief

Editorial: Cancelling loans put the Wunder into Wirtschaftswunder. Treat poor nations the same today

The Guardian - UK · Feb 26, 2023