The Latest Breaking News from World Bank

Yellen to push institutions to scale up response to war-fueled food security crisis

U.S. Treasury Secretary Janet Yellen will convene a high-level panel on Tuesday to discuss the global response to an ongoing food security crisis exacerbated by Russia's war against Ukraine, the Treasury Department said in a statement.

Reuters · Apr 18, 2022

U.S. Treasury's Yellen to skip some G20 sessions, encourage pressure on Russia

U.S. Treasury Secretary Janet Yellen plans to skip some sessions of this week's G20 finance meeting in protest at Russia's assault on Ukraine and will urge International Monetary Fund and World Bank members to increase pressure on Moscow, two senior U.S. Treasury officials said on Monday.

Reuters · Apr 18, 2022

World Bank plans $170bn financing to ease ‘multiple crises’

President ‘deeply concerned about developing countries’ amid Russia’s war in Ukraine, Covid and inflation

The Guardian - UK · Apr 18, 2022

Live Updates | Kyiv mayor reports 'explosions' in capital

Kyiv Mayor Vitali Klitschko has said in an online posting that Kyiv was struck early Saturday in the Darnytskyi district in the eastern part of the capital, saying there were “explosions.”

The Independent UK · Apr 16, 2022

Military transport plane reportedly brought down outside Odesa – as it happened

Ukraine president says situation in Mariupol remains ‘extremely severe’ as Moscow tells port city’s remaining defenders to ‘surrender or die’

The Guardian - AU · Apr 16, 2022

Ukraine's prime minister, finance officials to visit Washington next week

Ukrainian Prime Minister Denys Shmyhal and top Ukrainian finance officials will visit Washington next week during the spring meetings of the International Monetary Fund and World Bank, sources familiar with the plans said on Friday.

Reuters · Apr 15, 2022

Egyptian Gas Supply to Lebanon Awaits US Guarantees, World Bank Funding

Lebanon’s Energy Minister Walid Fayyad held talks with Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Mulla in Cairo on Thursday. Fayyad said that concluding the deal to import gas from Egypt through Syria requires US guarantees to exempt Lebanon from the Caesar Act sanctions, and requires the necessary World…

Asharq Al-Awsat · Apr 15, 2022

3 months after volcanic eruption, Tonga slowly rebuilds

Samantha Moala recalls she was taking a shower at her home in Tonga when she heard what sounded like a gunshot so powerful it hurt her ears

The Independent UK · Apr 15, 2022

Russia asks Brazil to help keep sway at IMF, World Bank

Russia has asked Brazil for support in the International Monetary Fund, the World Bank and the G20 group of top economies to help it counter crippling sanctions imposed by the West since it invaded Ukraine, according to a letter seen by Reuters.

Reuters · Apr 14, 2022

Growth pangs: On World Bank forecast for India

Some headline indicators may be shining, but the recovery is still ragged and vulnerable 

The Hindu · Apr 14, 2022