The Latest Breaking News from the World Bank

Slower growth looms over Eastern Europe and Central Asia as inflation, weak external demand, and structural inertia take hold. The World Bank urges bold reforms to unlock productivity and avoid the middle-income trap.

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

Amid a brain drain and economic woes, Bhutan has used cryptocurrency to double the salaries of its civil servants.

Three international financial institutions announced $42 billion in fresh support for financially troubled Argentina on Friday, as its president said his country's economy will grow "like never before."

Indonesia’s current account deficit pressures the middle class, forcing them to use their savings. The rupiah’s volatility has increased import costs, reducing household expenditure. Additionally, 81,290 layoffs between 2024 and 2025 and a significant decrease in middle class spending, from 21.45% in 2019 to 17.13% in 2024, paint a bleak…

Exclusive: An au pair from Indonesia claims in a lawsuit obtained by The Independent that the couple refused to let her leave the house without their permission and threatened to have her deported if she told anyone about the mistreatment

Communities in Ruaha national park reject response to alleged assault and evictions of herders during tourism scheme funded by the bank

French President Emmanuel Macron underlined the global need to fight malnutrition amid uncertainty over global development aid funding, as Paris hosts the Nutrition for Growth summit. By the end of the first day, the summit had seen pledges of €25 billion.

Facing destroyed infrastructure and limited control of energy supplies, off-grid options like solar are helping Pal