The Latest Breaking News from World Bank

Jim Chalmers says there are ‘human consequences’ for slowing economy

David Malpass led lender through crises including the war in Ukraine but faced criticism over stance on climate change.

U.S. Treasury Secretary Janet Yellen urged the World Bank to map out "bolder and more imaginative" steps on Thursday to address global challenges such as climate change even as it continues to aid individual developing countries.

Small business owners say the scheduled power cuts are hurting their daily operations.

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.

The Covid-19 pandemic has exposed the weaknesses and lack of preparedness of health systems globally. When the virus was at its peak, many low- and middle-income countries struggled to save lives while sustaining essential medical services such as maternal health care, routine childhood immunisation, and the treatment of non-communicable diseases.

The World Bank has launched a project to restore education in Yemen. It aims at facilitating the return of children to schools by providing incentives for teachers and meals for children as well as equipping and rehabilitating more than 1,000 schools across Yemen. “More than 2.4 million school-aged Yemeni girls…

- The World Bank said its decision to allow two separate proceedings to resolve a long-running disagreement over water between India and Pakistan to run in parallel was because it feared the stalemate endangered the historic Indus Water Treaty.

Deepening conflict, sudden changes to regulations and a lack of transparency have made business increasingly hard.