The Latest Breaking News from World Bank Group

In first assessment since pandemic in 2020, World Bank urges other countries to step up support

The World Bank issued a statement on 8 August 2023, announcing that it had effectively suspended all new public financing to Uganda over concerns with the country’s anti-homosexuality law, which “fundamentally contradicts the World Bank Group’s values”.

In this show we address the issue of food security in Africa and ways to strengthen it moving forward, whether that's in the face of geopolitical events like the war in Ukraine or climate change. Charles Pellegrin talks to Sergio Pimenta, Regional Vice President for Africa at the International Finance…

David Malpass’s decision to quit has delighted frustrated developing nations, donors, experts and campaigners

The president of the World Bank Group, David Malpass, will leave his post about a year before the end of his five-year term. Appointed by former US president Donald Trump in 2019, Malpass courted controversy for his views on climate change, but said he was “proud” of the work he…

Another economic forecast has painted a grim picture for global growth, shining a spotlight on the impact on developing economies. The World Bank's Global Economic Prospects report cuts forecasts for 95 percent of advanced economies and nearly 70 percent of emerging market and developing economies. David Malpass, World Bank Group…

Something significant is happening in the desert in Egypt as countries meet at COP27, the United Nations summit on climate change.

A new report alleges the World Bank has failed on its promise to align more closely with the Paris agreement

World Bank President David Malpass defended the institution's commitment to tackling climate change on Tuesday, telling civil society groups that have criticized his leadership on the issue that the bank is focused on global warming.