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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

          World Bank president David Malpass says advanced economies, including the US, are faring better than the lender anticipated in January. EPA

          World Bank raises global growth forecast slightly to 2%

          EconomyApril 10, 2023
          A woman walks past a sign for the 2023 Spring Meetings of the World Bank and International Monetary Fund in Washington, DC. The meetings will take place in person from April 10 to April 16. AFP

          World Bank may lend $50bn more over the next decade in line with key structural reforms

          EconomyApril 08, 2023
          A supermarket in Beirut. Lebanon's Blom purchasing managers’ index, a measure of the strength of its private sector, rose to 49.7 in March, from 48.8 in February. Getty

          Lebanon’s business conditions hit seven-month high

          EconomyApril 05, 2023
          World Bank president David Malpass announced a $50 billion plan to help countries deal with crises. Getty

          World Bank to boost middle-income lending arm by up to $50 billion

          BankingMarch 30, 2023
          Investment growth is weakening, with the 2022-24 average expected to be half that of the previous two decades, the World Bank said. Reuters

          Global economic growth 'to slump to three-decade low by 2030'

          EconomyMarch 27, 2023
          Old Cairo. Egypt's economy has faced immense strain since the Russia-Ukraine war began in February 2022. AFP

          World Bank and Egypt agree on $7bn framework

          EconomyMarch 22, 2023
          The aftermath of the February 6 earthquake in Aleppo's old town. AFP

          Syria’s real GDP likely to contract by 5.5% in 2023 on quake impact, World Bank says

          EconomyMarch 19, 2023
          President Sheikh Mohamed affirmed support for Qatar’s hosting of the 2026 IMF and World Bank meetings during a call with Sheikh Tamim. AFP

          President Sheikh Mohamed speaks with Qatar's Sheikh Tamim

          UAEMarch 13, 2023
          Ajay Banga, the US nominee to lead the World Bank, said the bank should be a catalyst for spurring lending from the private sector to mobilise the trillions of dollars needed for development. Bloomberg

          World Bank chief nominee urges private lenders to increase efforts to fight poverty

          EconomyMarch 11, 2023
          Migrants in Tunis head with their belongings to a repatriation flight. AFP

          World Bank suspends Tunisia talks after migrant attacks

          TunisiaMarch 07, 2023
          Collapsed buildings in Hatay on Monday, a month after a massive earthquake struck south-eastern Turkey. AFP

          Turkey-Syria quake reconstruction cost estimate soars to $100bn

          WorldMarch 07, 2023
          Women, on average, have only about three fourths of the same legal rights that men have, the World Bank said. EPA

          Progress on equal treatment of women at 20-year low, World Bank says

          EconomyMarch 02, 2023
          A shop owner visits the ruins of his store on February 25, 2023, in Hatay, Turkey. Getty

          Turkey's earthquake reconstruction costs may top $68bn

          EconomyFebruary 28, 2023
          Ajay Banga is set to become the World Bank chief. AFP

          Incoming World Bank chief faces tough tests amid US plans to overhaul institution

          EconomyFebruary 26, 2023
          Former Mastercard chief executive Ajay Banga has been nominated by the US for the post of World Bank president. EPA

          Who is Ajay Banga, the US nominee for World Bank chief?

          BankingFebruary 24, 2023
          If elected, former MasterCard chief executive Ajay Banga would be the first Indian-born president of the World Bank. Reuters

          Indian-American executive nominated to lead World Bank

          BusinessFebruary 23, 2023
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