The Latest Breaking News from World Bank

Calls to mitigate the effect of higher interest rates on poorer countries may not be enough when debt cancellation is needed

The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and energy prices, the World Bank said Thursday, warning of potential social unrest. In its latest update to its MENA growth forecast, the development lender said inflationary pressures set off by…

Washington (AFP) - Major international organizations issued an appeal Wednesday for urgent measures to deal with rising food insecurity in poor countries, including financing to support farmers and increase food supplies.

The World Bank, International Monetary Fund, UN World Food Program and World Trade Organization on Wednesday called for urgent, coordinated action on food security, and appealed to countries to avoid banning food or fertilizer exports.

A speech from the Treasury secretary puts Ukraine war at center of financial diplomacy.

It says growth is expected to be slower than projected in South Asia due to Russia’s war on Ukraine

Ukraine news from April 13: President warns of ‘endless bloodbath’ unless forces are provided with more heavy weapons.

The World Bank said on Tuesday it has signed deals to finance four projects in Senegal worth a total of $495 million to help improve education, electricity, economic development and road access to rural areas.

Washington (AFP) - The Russian war on Ukraine has set off a chain reaction in the global economy, pushing energy and food prices higher, exacerbating debt concerns and potentially worsening poverty and hunger, World Bank President David Malpass said Tuesday.