The Latest Breaking News from Ajay Banga

Brazilian president Lula’s proposals have the backing of the World Bank. Now we need action

Fragile recovery, low growth, global debt, AI, the climate … The organisations founded in 1944 have lots to talk about this week

Simon Stiell calls for reform at development banks to enable governments to provide more climate finance to developing world

The International Monetary Fund confirmed Thursday that its current managing director is the only candidate to lead the global financial institution once her first term expires later this year.

This content discusses the highlights of the recent World Economic Forum, including discussions on presidential elections, conflicts, climate change, and t...

The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.

Activists had a series of events and actions lined up Tuesday at the United Nations climate summit seeking to amp up pressure on conference participants to agree to phase out coal, oil and gas, responsible for most of the world’s emissions, and move to clean energy in a fair way

Inside the negotiating rooms and on the sidelines of the COP28 climate talks, simmering tensions over wealthy countries' "green trade" policies have been bubbling to the surface, with developing nations fearful they will be penalised.

The World Bank will "operate" an ambitious new climate change fund, but donors and recipients will likely control how the money is actually spent, the head of the development lender said Friday.

From fossil fuel chiefs to an outspoken UN secretary general, a look at who will attend the UAE’s climate summit

Just like the Yom Kippur war 50 years before, the current conflict represents a grave threat to an already fragile global economy