The Latest Breaking News from World Bank

Almost 40 leaders to present plans for overhaul of public financial institutions including World Bank

Heads of state, finance leaders and activists from around the world are converging in Paris to attend a summit which aims to overhaul the world's development banks and help developing countries face the challenges of a warmer and stormier world.

On 22 and 23 June, Paris is hosting a summit for a “New Global Financing Pact” at the Palais Brogniart. Heads of state, international organisations and representatives of civil society will be gathering to discuss ways to boost solidarity toward the Global South. The aim is also to contribute to…

Volodymyr Zelensky sought on Wednesday to mobilise an army of top bosses to rebuild Ukraine in the biggest reconstruction effort since the Second World War.

Britain opens a recovery conference for Ukraine on Wednesday with a promise to unlock $3 billion worth of World Bank loans to help rebuild the war-ravaged country, even as Russia’s invasion continues.

Heads of state, finance leaders and activists are converging in Paris to seek ways to overhaul the International Monetary Fund and World Bank and usher the global development banks into a post-pandemic world with a rapidly changing climate

The Goldenberg scandal in the early 1990s is Kenya’s largest documented gold fraud. The scheme involved Goldenberg International Limited, which pretended to export gold and diamonds, and in exchange received substantial subsidies from the government for “earning” foreign exchange. Kenyan businessman Kamlesh Pattni – who was at the centre of…

The World Bank’s Board of Directors has approved a $150-million loan to support the Resilient Kerala programme designed to strengthen Kerala’s preparedness for natural disasters, climate change impact, and disease outbreaks.

From the ashes of World War II, three institutions were created as linchpins of a new global order

World Bank says subsidies costing as much as $23m a minute must be repurposed to fight climate crisis

A team comprising officials from the World Bank visited the Kerala Bank headquarters here on Tuesday and held discussions on the KERA project aimed at ensuring Kerala’s food and nutritional security through climate-resilient farming systems and value addition of food crops.