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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

          People queue outside a bakery in the southern Lebanese city of Sidon. The country has been gripped by an economic crisis since 2019. AFP

          Poverty in Lebanon tripled over a decade, World Bank says

          EconomyMay 23, 2024
          Pakistan's Finance Minister Muhammad Aurangzeb was in Washington last week for the IMF and World Bank Spring Meetings. Joshua Longmore / The National

          Pakistan bullish on economic outlook as new IMF loan expected

          EconomyApril 22, 2024
          Saudi Finance Minister Mohammed Al Jadaan speaks at IMF headquarters in Washington. AFP

          Saudi finance minister says IMFC 'not the forum' to resolve geopolitical issues

          BusinessApril 19, 2024
          The largely destroyed city of Khan Younis in the Gaza Strip after the Israeli army withdrawal. The World Bank previously reported that economic activity in Gaza is at a near standstill due to the war. EPA

          Extreme uncertainty underpins subdued Mena growth forecasts

          EconomyApril 18, 2024
          A market in Lahore, Pakistan. Debt levels among low-income countries have soared since central banks lifted interest rates in response to rising inflation. AP

          Global economy improving but challenges persist, G24 says

          EconomyApril 16, 2024
          IMF economic counsellor Pierre-Olivier Gourinchas said the global economy is displaying resilience and growth, but stressed that challenges lie ahead. AFP

          Global economy resilient but inflation must be priority, IMF says

          EconomyApril 16, 2024
          A recent World Bank report said psychological trauma from the Gaza war will exacerbate the enclave's already dire long-term economic outlook. EPA

          War trauma to compound Gaza's economic misery, World Bank says

          MENAApril 15, 2024
          Pedestrians walk past International Monetary Fund headquarters in Washington ahead of the fund and World Bank 2024 Spring Meetings. AFP

          Spring Meetings begin as uncertainty hangs over world economy

          EconomyApril 15, 2024
          World Bank President Ajay Banga. AFP

          Ajaya Banga says World Bank must be 'better, bigger and more efficient'

          BusinessApril 12, 2024
          Kristalina Georgieva, head of the International Monetary Fund. AFP

          World faces 'sluggish and disappointing decade', IMF leader warns

          BusinessApril 11, 2024
          IMF managing director Kristalina Georgieva had said she 'would be honoured' to serve a second term as the fund's leader. EPA

          IMF managing director Kristalina Georgieva set for a second term

          USApril 04, 2024
          About 62 per cent of all homes in Gaza, equivalent to 290,820 housing units, were damaged or destroyed in the first four months of the war, the World Bank says. AFP

          Gaza infrastructure damage estimated at $18.5bn

          EconomyApril 03, 2024
          Halfaouine market near central Tunis. Inflation and unemployment are rising in Tunisia. AFP

          Challenging situation facing Tunisia's new central bank chief

          EconomyFebruary 21, 2024
          Makhtar Diop, managing director of the IFC, speaking at the World Governments Summit in Dubai. EPA

          IFC chief focusing on climate finance amid green transition efforts

          BusinessFebruary 13, 2024
          Sheikh Mohammed, Vice President and Ruler of Dubai, met with World Bank Group President Ajay Banga. Photo: Dubai Media Office

          Sheikh Mohammed receives President of World Bank Group

          UAEFebruary 12, 2024
          An oil refinery on the outskirts of the Iraqi city of Karbala. The IMF has revised down overall growth forecast for the GCC to 0.5 per cent in 2023, one percentage point lower than its estimates in October. AFP

          IMF cuts Middle East growth forecast over impact of Israel-Gaza war

          BusinessJanuary 31, 2024
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