The Latest Breaking News from World Bank

World Bank planning to give support worth $1.5bn to Ukraine

Funds will help to pay hospital workers and pensions, and continue social programmes for the vulnerable

The Guardian - UK · Apr 12, 2022

World Bank to send Ukraine $1.5 billion as food, energy prices spike

The World Bank is preparing a $1.5 billion support package for war-torn Ukraine and plans to aid developing countries struggling to keep up with surging food and energy prices, World Bank President David Malpass said on Tuesday.

Reuters · Apr 12, 2022

Quarter of a billion people now face extreme poverty, warns Oxfam

Charity calls for debt cancellations for poorest countries to counter ‘worst collapse into poverty in memory;

The Guardian - UK · Apr 12, 2022

Ukraine economy to shrink by almost half this year, World Bank forecasts

Bank says many surrounding countries will suffer severe hardship as result of invasion, with Russia predicted to fall into recession

The Guardian - UK · Apr 10, 2022

India’s role in a disordered world

New Delhi can play an important role in shaping a new, more democratic, world order

The Hindu · Apr 10, 2022

India’s learning poverty has shot up, says World Bank official

Post-COVID learning for children should be accelerated, says World Bank’s Global Director for Education Jaime Saavedra.

The Hindu · Apr 10, 2022

New Lebanese Parliament Will Act on IMF Deal, PM Adviser Says

A set of reforms the IMF wants Lebanon to enact before approving a funding deal for the country will largely be left for a new parliament to study, an adviser to the prime minister said on Friday, suggesting little may be done before a May 15 national election. The IMF…

Asharq Al-Awsat · Apr 8, 2022

Sri Lanka doubles interest rates to tame inflation; stabilise economy

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.

Reuters · Apr 8, 2022

International Crisis Group Urges Tunisian President to Launch 'Inclusive Dialogue'

The International Crisis Group has called on Tunisian President Kais Saied to launch an “inclusive” national political dialogue to reduce polarization and prevent the country from sliding into a severe socio-economic crisis. In a report published on its website, the Brussels-based organization urged the President to launch a national dialogue…

Asharq Al-Awsat · Apr 8, 2022

Cairo Cooperates with World Bank to Prepare for COP27

Egyptian ministers held talks with World Bank officials on Wednesday to discuss cooperation mechanisms between the two sides as Cairo prepares for the COP27 Climate Summit, which will be held in Sharm el-Sheikh in late 2022. In this regard, Minister of Environment Dr. Yasmin Fouad met with World Bank Managing…

Asharq Al-Awsat · Apr 7, 2022