The Latest Breaking News from World Bank

Firms from rich countries are taking factories home: what this means for Africa

There is no doubt that globalisation has benefited Africa greatly. This includes job creation, innovation, increased productivity and foreign direct investment.

The Conversation · Jun 23, 2022

Myanmar's crises: A recipe for disaster

'The military exploits [natural resources] as they like, and we do what we like," says Myint, who lives in Khamti township in north-western Sagaing region -- one of the sites with the most clashes between the Myanmar military and resistance forces. "Everyone knows that one day there'll be no more…

Bangkok Post · Jun 22, 2022

Triple punch of shocks threatens to upend debt sustainability and recovery in Africa

Food and fuel price increases and the aftermath of the COVID pandemic are really just the start of the story when it comes to fiscal shocks which have exacerbated government debt vulnerabilities in Africa.

The Conversation · Jun 22, 2022

Tourism sector needs innovation

Thailand relies on the tourism sector, especially international tourism -- the industry is one of top three revenue generating for the country.

Bangkok Post · Jun 16, 2022

Lenders pledge $26.1 billion to Ivory Coast 2021-25 plan

Multilateral and bilateral lenders on Wednesday made a series of pledges to support Ivory Coast's 2021-25 Development Plan totalling $26.1 billion, Prime Minister Patrick Achi said.

Reuters · Jun 15, 2022

4 ETFs to Bet on Another Market Crash

Recession fears have been rising with inflation running at a 40-year high and the Fed’s potential monetary policy tightening. The World Bank has recently warned of a recession and slashed its global growth forecast, adding to investors’ worries. Therefore, ETFs that perform well in a bear market, Direxion Daily S&P…

StockNews.com · Jun 15, 2022

Nigeria: Inflation reaches 11-month high of 17 percent

The continuing war in Ukraine is partly responsible for upward price pressures in Nigeria.

Al Jazeera · Jun 15, 2022

Looming debt crunch positions Laos as next possible Asia default

Laos, with dwindling cash reserves and surging inflation, is facing some of the same strains that pushed Sri Lanka to default and threatens Pakistan’s balance of payments.

Bangkok Post · Jun 15, 2022

4 Beaten Down Silver Miners to Buy as the Economic Outlook Sours

The World Bank and the OECD nations have slashed their global growth forecasts for this year due to the ongoing war in Europe, supply-chain issues, and inflation. Amid this, the demand for silver is poised to explode. Hence, we think the beaten-down silver mining stocks Wheaton Precious Metals (WPM), Endeavour…

StockNews.com · Jun 14, 2022

World Bank approves $474 million loan to S.Africa for COVID vaccines

The World Bank has approved a loan of 454.4 million euros ($474.4 million) to help South Africa fund COVID-19 vaccine purchases, the bank and South Africa's National Treasury said in a statement.

Reuters · Jun 14, 2022