The Latest Breaking News from World Bank

G20 pandemic fund ploughs ahead amid fears world not ready for future threats

A multi-billion dollar fund set up by G20 countries to help developing countries better prepare for pandemics could be operational within months, according to the World Bank.

Reuters · May 25, 2022

Cambodia, Laos to benefit as Pfizer slashes drug prices for poorest nations

Pfizer Inc plans to sell its entire portfolio of brand-name drugs at cost in as many as 45 lower-income countries, including Cambodia and Laos, one of the most comprehensive and ambitious drug-access programmes ever announced by a large pharmaceutical manufacturer.

Bangkok Post · May 25, 2022

Greening the city to prevent mental illness

Trees, grass and greenery lower the risk of mental health problems. It’s a lesson city planners need to learn.

360info · May 25, 2022

Which foods will there be shortages of as UN warns of crisis in famine

The World Bank has increased food funding over the next 15 months to $30billion, as over 45 million people across the world teeter on edge of famine after UN warning

Daily Mirror · May 19, 2022

Guatemalan congress approves $500 million loan from World Bank

Guatemala's congress approved on Wednesday a $500 million loan from the World Bank that the government has said will be used to pay down debt, freeing up funds for social spending.

Reuters · May 19, 2022

Japan to double fiscal support for Ukraine to $600 million, PM says

Japan will double fiscal aid for Ukraine to $600 million in a coordinated move with the World Bank to back the country's near-term fiscal necessities damaged by Russia's invasion, Prime Minister Fumio Kishida told reporters on Thursday.

Reuters · May 19, 2022

Ukraine war has stoked global food crisis that could last years, says UN

Shortages of grain and fertiliser could cause ‘mass hunger and famine, says chief, as World Bank pledges $12bn to ease shortfall

The Guardian - AU · May 19, 2022

Russia-Ukraine war: what we know on day 85 of the invasion

Russia says 1,730 fighters at Azovstal plant have surrendered since Monday; ‘culture of cover-ups’ in Russian military, says UK’s MoD

The Guardian - UK · May 19, 2022

Can we still unite to do big things?

When US Secretary of the Treasury Henry Morgenthau opened the Bretton Woods Conference almost 80 years ago, he reminded delegates that failures of international cooperation had led to the Great Depression, social division and ultimately war. "Prosperity, like peace, is indivisible," he concluded, "we cannot afford to have it scattered…

Bangkok Post · May 18, 2022

World Bank pledges $12bn to support low-income countries hit by shortages

Move follows warning from head of UN World Food Programme about high prices leading to social unrest

The Guardian - UK · May 18, 2022