The Latest Breaking News from World Bank

The issues that led Sri Lanka to become an economic basket case in 2022 serve as a warning for other nations.

Pakistan faces a wave of problems on multiple fronts, but its growing debt can no longer be overlooked as inflation soars and foreign reserves crumble.

Finance ministers from the United States and its G7 allies called for more financial support for Ukraine on Thursday and vowed to maintain tough sanctions on Russia on the eve of the first anniversary of Moscow's invasion.

The World Bank said Wednesday it hopes to find a successor by early May to chief David Malpass, who has announced he will step down nearly a year early. The Washington-based development lender will begin accepting candidate nominations on Thursday, a process that will run until March 29. The bank…

PARIS: When Russia's President Vladimir Putin ordered the invasion of Ukraine on Feb 24, 2022, he started a war that has killed tens of thousands of people, ravaged cities and pummelled the country's economy.

The next World Bank president should be a woman, Germany's international development minister told Reuters in remarks that could strengthen the potential candidacy of Ngozi Okonjo-Iweala, the American-Nigerian head of the World Trade Organization.

The economy defied fears of a recession and previous predictions that it would contract by more than 12 percent.

Global hunger declined for decades before pandemic policies and Russia’s invasion broke the world.

Middle East and North Africa (MENA) countries should follow the lead of Saudi Arabia, the United Arab Emirates, and the Gulf states in economic reforms, said World Bank Vice President for Middle East and North Africa Ferid Belhaj. Belhaj explained that Gulf countries worked on deep and structural reforms by…