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          World Bank

          News from the global financial institution that provides loans and grants to developing countries, aiming to reduce poverty and foster economic development

          Damaged buildings in the southern Gaza Strip. Businesses are expected to suffer severe losses amid the Israel-Hamas war. Getty Images

          Impact of war on Gaza’s economy expected to be 'tragic and tremendous'

          EconomyOctober 23, 2023
          Lebanon's currency is expected to come under pressure and its value against the dollar will plunge if the war is extended to Lebanon. EPA

          Lebanon's economy 'could collapse' if Israel–Gaza war spreads

          EconomyOctober 18, 2023
          The week-long IMF and World Bank meeting ended on Sunday in Marrakesh. Bloomberg

          Multilateral banks pledge for increased lending firepower

          EconomyOctober 15, 2023
          The annual meeting of the IMF and the World Bank, this week in Morocco, has turned out to be a stepping stone to preparations for Cop28. Reuters

          IMF and World Bank push for climate agenda in Marrakesh is prelude to Cop28

          EconomyOctober 15, 2023
          Israeli tanks stand along the border with Gaza in southern Israel, as battles between Israel and Hamas continue. AFP

          Israel-Gaza war forces economists to rethink outlook at IMF's Morocco meeting

          EconomyOctober 14, 2023
          World Bank president Ajay Banga says the lender is looking to find ways to encourage a renewable energy transition. AFP

          Ajay Banga lays out vision for World Bank and climate finance

          EconomyOctober 13, 2023
          IMF managing director Kristalina Georgieva, World Bank president Ajay Banga and Saudi Finance Minister Mohammed Al Jadaan attend a panel session in Marrakesh, Morocco. Bloomberg

          World not on verge of debt crisis but should worry about rising borrowing distress

          EconomyOctober 12, 2023
          Kristalina Georgieva, managing director of the International Monetary Fund, addressing the press briefing in Marrakesh on Thursday. EPA

          IMF prioritises taming inflation and building fiscal buffers

          EconomyOctober 12, 2023
          Workers at a bakery in Beirut. Lebanon is among regional countries facing high inflation. AP Photo

          Mena economic growth to soften this year, says IMF

          EconomyOctober 12, 2023
          The World Bank's Ajay Banga and the IMF's Kristalina Georgieva fist-bump during a panel discussion in Marrakesh. EPA

          World needs to come together to boost climate change mitigation

          EconomyOctober 11, 2023
          Palestinians leave the Al Karama neighbourhood in Gaza city as fighting between Israel and Hamas continued on Wednesday. AFP

          US monitoring economic impact of Israel-Gaza war, Yellen says

          EconomyOctober 11, 2023
          World Bank president Ajay Banga at the opening press conference of the World Bank annual meeting in Marrakesh. EPA

          World Bank seeks to offer additional lending capacity

          BankingOctober 11, 2023
          Standard Chartered is investing heavily in expanding its business in the UAE as well as in Saudi Arabia and Egypt. Photo: Standard Chartered

          Standard Chartered expects Africa and Middle East revenue to keep growing

          BankingOctober 11, 2023
          G24 has called on the IMF and World Bank to provide more debt relief to its member countries. Bloomberg

          Debt burden of developing countries has hit 'unsustainable' levels, G24 says

          EconomyOctober 10, 2023
          The New York Stock Exchange. Stock prices in Europe and the US have climbed about 10 per cent and 12 per cent, respectively, this year. Reuters

          Optimism for 'soft landing' inflating asset valuations, IMF says

          EconomyOctober 10, 2023
          Pedestrians along the Bund in Shanghai. China's economic growth has slowed significantly after sharp expansion earlier this year. Bloomberg

          IMF maintains 2023 economic outlook but growth remains uneven amid headwinds

          EconomyOctober 10, 2023
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