The Latest Breaking News from World Bank

As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity.

A dozen poor countries are facing economic instability and even collapse because of a common, undeniable factor: their struggle to pay back hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China

Senior World Bank officials have expressed interest in the various projects planned by Kerala for achieving carbon neutrality by 2050, the State government said on Friday.

Martin Raiser, Vice President for the South Asia Region, World Bank, on Friday underscored the need for continued vigilance against zoonotic diseases.

Additional World Bank funding for Kerala totalling $315 million, subject to negotiations and approvals, is in the pipeline, Martin Raiser, Vice President for the South Asia Region, World Bank, said here on Friday.

The Hindu’s Morning Digest brings readers a select list of stories to start the day

Washington (AFP) - Ajay Banga, confirmed Wednesday as the World Bank's next president, is an Indian-born American executive who has been hailed by media in his birth country as the global development lender's "face of change."

He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.

Global commodity prices are expected to decline this year at the fastest clip since the onset of the COVID-19 pandemic, clouding the growth prospects of almost two-thirds of developing economies that depend on commodity exports, according to the World Bank's latest Commodity Markets Outlook report. However, according to the bank's…