The Latest Breaking News from World Bank

Cairo (AFP) - Little rainfall, aggressive heatwaves and worsening drought make the Middle East the most water-stressed region in the world, with climate change threatening to displace millions of people.

The conclusions of two international credit rating agencies agreed on the initial positive outlook for Lebanon and its economy following its signing of the US-mediated sea border deal with Israel. “The agreement is credit positive for Lebanon because it establishes the necessary geopolitical security conditions for international energy companies to…

Nearly 80% of the estimated 70 million people around the world who fell into extreme poverty at the onset of Covid-19 in 2020 were from India, a recent World Bank report has revealed. But even this shocking figure could be an underestimation, as the lack of official data makes it…

Rebuilding Ukraine will cost 349 billion US dollars, according to an analysis released last month by the World Bank. Read on for details:

President Vladimir Putin on Tuesday acknowledged that his country was experiencing “economic difficulties” because of different “restrictions” imposed on his country due to the war in Ukraine. The UK's new Prime Minister Rishi Sunak, meanwhile, vowed to support Ukraine in its war against Russia, saying it must “be seen successfully…

The World Bank said on Monday it had disbursed an additional $500 million to help Ukraine meet urgent spending needs created by Russia's Feb. 24 invasion and the ongoing war.

The cabinet last week approved 6.6 billion baht for construction of two bridges in southern region -- one of which raises fears about its impact on rare and endangered Irrawaddy dolphins in Songkhla Lake.

A failure to secure meaningful progress on a debt relief for the world's poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers, campaigners and investors frustrated.

Thailand has made remarkable progress in reducing poverty from 58% in 1990 to 6.8% in 2020, driven by high growth rates and structural transformation.