The World Bank Group has warned that West Africa's continuous dependence on imported rice is draining billions from regional economies and exposing countries to growing food security risks.
A new analysis of World Bank data indicates that college attainment in the Philippines decreased by 2022 after reaching a high in 2019, with only a limited share of the population achieving a college degree.
Nigeria's power sector faces further challenges after the World Bank cancelled a $717 million loan, citing unmet reform conditions, which is expected to impact electricity supply.
A report indicates that Nigeria's widespread blackout crisis persists, impacting millions, despite the country receiving over $3.6 billion in World Bank loans.
A World Bank delegation, led by Vice President Mamta Murthi, visited the Taxila Museum and UNESCO World Heritage sites in Pakistan, highlighting international interest in the country's rich archaeological heritage.
The International Monetary Fund (IMF), World Bank, and other international organizations have issued a warning about potential global energy supply strains and summer fuel scarcity if the Strait of Hormuz remains closed. This comes as reports indicate ships are sailing 'dark' to evade detection while navigating the critical waterway.
A World Bank report indicates that Ethiopia is experiencing a significant problem of human resource waste at the entry-level, despite facing a skill shortage.
The World Bank has approved $500 million in financing for the Ghana Market Access and Connectivity Project (GMACP), a major initiative aimed at improving rural road connectivity, strengthening agricultural value chains, and expanding economic opportunities in Ghana.
The closure of the Strait of Hormuz has led to a 5% jump in food prices, according to the World Bank. Analysts predict the strait could remain closed for months, potentially causing oil prices to reach new highs.
Dozens of nations have moved to activate emergency World Bank financing mechanisms, responding to a global economic shock triggered by the US-Israeli war on Iran.
The World Bank announced its commitment to respond to the ongoing Ebola outbreak and detailed plans to increase its funding and support for affected regions.
The World Bank chief expressed support for the implementation of 'Small AI' technologies to benefit farmers and rural communities during a summit held in Singapore.
Donald Trump has repeatedly stated his intention to speak with Taiwan's president, a move that risks provoking strong opposition and anger from China. This diplomatic shift challenges long-standing US policy regarding Taiwan.
The World Bank aims to mobilize $23 billion in private funding for Africa by scaling up its risk mitigation tools, with the goal of improving the lives of 190 million people.
A World Bank analysis highlights a growing skills deficit across African economies, identifying it as a major impediment to business expansion, productivity, and job creation on the continent.
Interim Minister of Investments and European Projects, Dragoș Pîslaru, stated that the salary law prepared under the PNRR respects principles agreed upon by PSD and the World Bank, implying PSD cannot now disagree.
Kwara State is expanding its World Bank-backed community loan scheme, aiming to support 1,400 beneficiaries to boost agricultural growth and rural livelihoods.
Nigeria's ADC party has accused the Tinubu administration of operating a 'Ponzi economy' following the government's move to secure an additional $1.25 billion loan from the World Bank.
Governor Lawal has appointed Gusau as the Director-General of the Zamfara Roads Fund, a key requirement under the World Bank-supported Rural Access and Agricultural Marketing Project (RAAMP) in Nigeria.
President John Mahama announced that Ghana has secured a $300 million facility from the World Bank to upgrade 50 senior high schools, aiming to improve secondary education access and quality and end the double-track system by 2027.
Greece is raising an alarm over a projected 30% increase in fertilizer prices, which the World Bank forecasts, and is looking to Brussels for a systemic response to this economic shock.
The former president of the World Bank has called on China to stop hoarding food and fertilizer, citing concerns about global supply and food security. This appeal highlights international pressure on China's commodity reserves.
Türkiye has emerged as the third-largest country in the global portfolio of the International Finance Corporation (IFC), an arm of the World Bank Group.
The World Bank Director for Angola describes the country's economy as being on an upward curve, though an economist notes diverging economic and social data. A Bloomberg analyst suggests the Iran war has provided some assistance to Angola's economic situation.
Pakistan's Finance Minister Muhammad Aurangzeb stated that the country possesses sufficient local financial capacity to address the impacts of climate change. A World Bank official also noted that the global economy has resources to bridge the climate financing gap.
The International Finance Corporation (IFC), part of the World Bank Group, emphasizes the crucial role of guarantee instruments, such as the Damu Guarantee Funds, in broadening access to finance for micro, small, and medium-sized enterprises.
The World Bank-supported Livestock Productivity and Resilience Support Project (L-PRES) has allocated ₦300 million for the establishment of an Animal Feed Reference Laboratory at MOUAU in Nigeria, aiming to boost the country's livestock sector.
The World Bank has launched a new strategy aimed at transforming health systems and closing financing gaps in West and Central Africa. This initiative involves partnerships with health ministries to tackle regional health challenges.
Abia State in Nigeria has been selected for a $700 million World Bank water project, the SURWASH Programme, indicating growing international confidence in its governance reforms.
The World Bank states that Malaysia must expand green finance and strengthen its local tech capacity to remain competitive. This includes broadening participation in the green economy.
Dritan Abazović has called on the Montenegrin government to swiftly implement anti-crisis measures, warning that global energy prices are projected to increase drastically, as indicated by the World Bank.
The World Bank's regular semi-annual regional analysis, released in Sarajevo, predicts 'stifled' economic growth for the Western Balkans through 2026 and 2027, influenced by the spillover effects of the Middle East conflict, persistent inflation, and other factors.
Montenegro's Ministry of Finance announced that the country has confirmed a stable and sustainable economic course, with a projected growth of 2.9% this year, according to a World Bank report.
Representatives from Egypt and the World Bank held discussions focused on the country's investment strategy and future growth plans. The talks aimed to strengthen economic cooperation and support Egypt's development initiatives.
The World Bank has warned that the conflict in the Middle East is expected to cause the largest surge in energy prices, which will worsen inflation. This impact is particularly anticipated in countries like Kenya.
The World Bank has issued a warning that the Western Balkans region is expected to experience slowed economic growth and increased inflation, attributed to the Middle East crisis, general inflation, and labor shortages.
A new World Bank report estimates that energy prices will surge by 24 percent in 2026. The report also forecasts slowed economic growth and elevated inflation for countries like Serbia and Albania.
A new report by the World Bank Group ranks countries by life expectancy, highlighting Monaco as having the highest life expectancy globally, with variations largely due to environmental factors.
The World Bank has reportedly raised objections to a proposed Sovereignty Bill. This stance highlights potential concerns regarding the legislation's implications.
An analysis of Nigeria’s economic policy, its resistance to IMF and World Bank loans, and the strategic importance of the Dangote Refinery for growth.
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Educators gained valuable real-world banking insights through the latest workshop organized by Qatar National Bank (QNB), aimed at enhancing financial literacy and understanding.
The World Bank has priced a $120 million bond aimed at funding spekboom restoration efforts in South Africa's Eastern Cape, linking investor returns to the success of ecosystem recovery.
The World Bank has expressed satisfaction with the PRDC-VFS projects but emphasized the need to accelerate their implementation in the Senegal River Valley.
A new World Bank report on industrial policy is being analyzed to determine if the institution has shifted its stance on interventionist economic strategies.
Sri Lanka's Prime Minister has called for support from the ILO and World Bank to measure care work, emphasizing its importance for economic sustainability.
The United Nations has reported that nearly 8,000 people died or disappeared while attempting to migrate along various routes in 2025. This figure highlights the ongoing dangers faced by migrants worldwide.
The IMF and World Bank predict global economic growth of 3.1% and inflation of 4.4% for the current year, while for Serbia, they forecast 2.8% economic growth and 5% inflation.
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The United Arab Emirates announced it has dismantled a "terrorist organization" with ties to Iran and arrested its members. Authorities stated the cell was plotting operations to destabilize the state.
The World Bank's L-PRES National Project Coordinator, Sanusi Abubakar, announced a review of livestock support projects in 20 participating Nigerian states, including Kwara and Oyo, to assess their overall performance and impact.
Tanzania has called upon the World Bank to increase its efforts in boosting the private sector across Africa, emphasizing its role in economic development.
The Governor of North Macedonia's National Bank and a World Bank representative have signed an agreement for expert support to develop instant payment systems and facilitate the country's integration into the Single Euro Payments Area (SEPA).
Prominent figures and organizations, including Atiku Abubakar, SERAP, and Amnesty International, have strongly criticized the National Broadcasting Commission (NBC) for its directive, urging its withdrawal over concerns it attempts to gag broadcasters.
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International concerns are mounting over a potential escalating conflict involving Iran, with Tehran warning of retaliation and regional allies like the UAE seeking financial safeguards. Argentina has also voiced support for a US-Israel stance against Iran, while North Korea's missile launches are noted amid these heightened tensions.
The Trump administration, previously critical of global institutions, has reportedly found the International Monetary Fund and World Bank valuable to U.S. interests, marking a rare shift in its approach to global bodies.
Romanian Finance Minister Alexandru Nazare, alongside Energy Minister Bogdan Ivan and European Investments Minister Dragoș Pîslaru, announced in Washington the first World Bank financing for nuclear energy in 60 years.
China's finance minister and central bank chief attended the World Bank and IMF meetings in Washington, advocating for multilateralism amidst global challenges.
A meeting took place between Macedonian official Dimitrieska-Kočoska and World Bank representatives. Discussions focused on potential budget support for implementing reform processes in North Macedonia.
Ghana's Ministry of Food and Agriculture has secured a significant boost for its agricultural transformation agenda by signing a $1.5 billion Ghana AgriConnect Compact with the World Bank, IFAD, and other partners, aiming to create 2.6 million jobs.
Serbia achieved a 3.2% GDP growth in the first quarter of this year, surpassing expectations from both domestic and international financial institutions like the NBS, IMF, and World Bank.
Training providers involved in Ghana's World Bank-supported Jobs and Skills Apprenticeship Programme (GJS-AP) are concerned about its potential discontinuation. They fear financial collapse if the government terminates the initiative.
Funds designated for Trump's Board of Peace, intended for Gaza's reconstruction, have not been deposited into the World Bank account. The whereabouts of these funds remain unknown.
A delegation from the World Bank visited heritage sites in Taxila, Pakistan, to review ongoing conservation efforts at the renowned Buddhist archaeological locations.
Experts warn that the closure of the Strait of Hormuz, a critical point for global oil flow, could impact fuel security ahead of the summer season, according to the IMF, World Bank, and IEA.
Serbian Minister Dubravka Đedović Handanović met with the World Bank to discuss new gas pipelines for energy security and also held discussions with deans of technical faculties and education experts on improving critical thinking in education.
A new World Bank report warns that Ethiopia faces a significant human capital crisis due to stalled learning and poor health, risking deeper long-term issues.
The head of the World Health Organization (WHO) stated that the Ebola outbreak in the Democratic Republic of Congo is being complicated by ongoing conflict and insecurity, despite efforts to scale up testing and identify treatments. An Italian doctor who had contact with Ebola patients was admitted to a Rome hospital.
Nigeria's Federal Government has canceled a $717 million World Bank power loan, effectively terminating a $1.52 billion program due to ongoing sector challenges and a failure to meet reform milestones.
The World Bank is preparing for a potential surge in requests for emergency financing from 27 developing countries affected by the economic consequences of a war against Iran.
The World Bank is preparing to provide up to $100 billion in aid for struggling countries, with 27 nations currently seeking access to these crisis funds. A World Bank document indicates these preparations are underway to support countries in need.
Former President John Dramani Mahama launched a $300 million World Bank-funded secondary school improvement program. He also pledged to eliminate the double-track system by 2027 through the expansion of technical and vocational education.
A World Bank study indicates that state enterprises are incurring annual losses of Tk 88,200 crore. The report highlights financial inefficiencies within these public sector entities.
A World Bank study indicates that state-owned enterprises (SOEs) in Bangladesh have incurred losses amounting to Tk88,200 crore, significantly impacting the national treasury.
A new report compiled by the World Bank Group identifies the 10 countries with the highest birth rates, predominantly in Africa, and the 10 with the lowest, mainly in Europe and Asia.
The All Progressives Congress (APC) conducted its primary elections in multiple Nigerian states, determining candidates for various offices. While some winners were declared, the primaries faced significant challenges, including rejections of results by aspirants and protests over alleged irregularities.
The World Bank has approved $350 million in financing to support Bangladesh's efforts in enhancing its LNG-based energy security, aiming to meet growing power demands.
Emigration flows are becoming a major obstacle to long-term economic growth in the six Western Balkan countries, with Albania having the highest number of departures, according to a World Bank report.
Nigeria's economy in 2026 is projected to grow between 3.8 and 4.6 percent, with the IMF and World Bank forecasting around 4.1 to 4.2 percent, despite recent high inflation levels.
The World Bank projects Malaysia's economy to achieve a solid growth of 4.4 percent in 2026, though risks from global conflicts and trade tensions remain.
The Rural Access and Agricultural Marketing Project (RAAMP) plans to construct over 2,453km of digitized rural roads in Akwa Ibom under a World Bank program to boost agriculture and reduce rural-urban migration.
A new report has identified the 25 countries with the oldest populations globally, with Italy ranking third for the highest percentage of residents aged 65 and older. The World Bank Group compiled the data.
The World Bank has issued a warning that a prolonged oil shock, stemming from the Middle East conflict, could exacerbate global food insecurity by increasing energy, transport, and fertilizer costs.
Nigerian governors and APC leaders showcased President Tinubu's three-year achievements to diplomats, while the country faces economic concerns including a depreciating naira and rising debt burden. Meanwhile, internal party protests and discussions around the 2027 presidency continue.
Nigeria's Office of the Accountant General of the Federation (OAGF) clarified that the facilities accessed from the World Bank are loans, not grants, addressing a perceived "6 months ultimatum."
Nigeria's Accountant General of the Federation has warned that the country may reject World Bank loans if there are further delays in their disbursement. This statement highlights growing frustration over the slow processing of funds.
World Bank data indicates that Bosnia and Herzegovina has shown minimal progress over the past decade in the proportion of highly educated citizens over 25, placing it among the lowest in Europe.
The World Bank has unveiled a new poverty reduction plan that prioritizes large-scale job creation across nine key sectors to lift millions out of poverty.
The World Bank has taken a significant step by now approving industrial policy, a departure from decades of not recommending it. The institution still needs to translate real-world evidence into improved policy advice.
Investments in research and development (R&D) are recognized globally and within the European Union as key drivers of innovation and economic growth, with reports from the World Bank and OECD indicating a clear upward trend.
Pakistan has once again performed poorly in the World Bank's Human Capital Index Plus, securing the 130th position out of 174 countries, highlighting a need for investment in its people.
A study presented at a World Bank meeting highlighted that India's SVAMITVA scheme has mapped 330,000 villages, unlocking ₹135 lakh crore in rural land value.
Recent reports on the World Bank's projection of a 50% cocoa price drop by 2026 are misleading Ghanaian farmers and policymakers, according to an analysis of the Commodity Markets Outlook.
Asia is bracing for a potential "summer of rage" as concerns mount over rising unemployment among young workers, a vulnerability highlighted by the World Bank even before recent conflicts.
The World Bank has issued a warning about a projected 16% increase in commodity prices, forecasting a 24% rise in energy prices by 2026, attributing these increases to the Iran conflict and the ongoing closure of the Strait of Hormuz.
The World Bank has reduced its economic growth projections for 2026 for the Western Balkan countries, including Serbia and Bosnia and Herzegovina, citing global uncertainty, rising energy prices, and internal factors like stagnant reforms.
A new World Bank Group report suggests that Morocco could generate 1.7 million additional jobs and boost its real GDP by nearly 20% above baseline projections by 2035 if it implements structural reforms.
The World Bank has projected a substantial increase in energy prices, estimating a rise of approximately 24% in the upcoming period. This surge, attributed to geopolitical tensions including the situation in Iran, is expected to push energy costs to their highest levels since the 2022 Russia-Ukraine war.
Qatari dairy company Baladna is partnering with the International Finance Corporation (IFC), the World Bank's financing arm, on a dairy project in Syria.
A Ghanaian official stated that the country is not legally bound to implement policy recommendations from the International Monetary Fund (IMF) and World Bank, particularly concerning cocoa sector reforms.
The World Bank and Amazon have teamed up to launch a R2 billion spekboom bond initiative aimed at restoring overgrazed land in South Africa's Eastern Cape.
The World Bank has teamed up with Amazon to launch a $120 million 'Bacon Tree Bond,' an initiative likely focused on sustainable development or environmental projects.
A World Bank report presented at CACCC-2026 indicates that Central Asian countries are losing billions of dollars annually due to insufficient regional cooperation. The report emphasizes the economic benefits of stronger collaboration.
A report by the UN, EU, and World Bank warns that Gaza will require more than $70 billion over the next decade to rebuild after over two years of devastating conflict with Israel.
Former World Bank chief economist Justin Lin criticized the Western narrative of Chinese "overcapacity" as a double standard. He urged advanced economies to embrace "Eastern wisdom" rather than protectionism to navigate the rise of hi-tech competition.
The IMF and World Bank have reportedly advised Serbia to curb infrastructure investments, forecasting global economic growth at 3.1% and inflation at 4.4%, with Serbia's economic growth projected at 2.8% and inflation at 5%.
Tina Nenshi Gada, a professional with experience at Citibank, Vanguard, and the World Bank Group, discusses how reading Keith Ferrazzi's "Never Eat Alone" helped her become a top voice on LinkedIn and grow her personal brand.
Uzbekistan representatives participated in a World Bank meeting to discuss the nation's economic situation and future development plans. The discussions likely covered various aspects of economic policy and potential collaborations.
The Manufacturers Association of Nigeria has criticized the World Bank's recommendation for Nigeria to reinstate petrol import licenses, a measure suggested to stabilize fuel supply amidst the Middle East crisis.
Gent Sejko, Governor of the Bank of Albania, attended the IMF and World Bank Spring Meetings in Washington D.C., where he highlighted the significant economic risks posed by ongoing conflicts. He represented Albania at the international financial gatherings.
Iran has reportedly rejected a second round of talks with the United States, with its news agency citing "excessive" American demands. This decision comes amidst ongoing discussions and analyses regarding the complex issues between the two nations.
Macedonian officials Slaveski and Dimitrieska-Kochoska held meetings with the IMF and World Bank, discussing global uncertainty exacerbated by geopolitical tensions in the Middle East.
Dutch farmers have launched an initiative to manage a massive surplus of 500 million kilograms of potatoes. The effort aims to find ways to sell or process the excess quantity, preventing waste and supporting the agricultural sector.
Uzbekistan engaged in discussions with the World Bank to review reforms, projects, and expand IDA cooperation. Separately, the country also discussed business projects with Russia's Samara Region.
The World Bank is facing growing pressure from various groups concerning its financial support for factory farming projects across Africa. Critics are urging the institution to reconsider its investment in these agricultural practices.
The World Bank Group has approved a $372 million loan for Georgia's Trans-Caspian Transport Corridor project, as Georgian officials seek a total of $751 million from international financial institutions.
Pakistan's Finance Minister, Aurangzeb, emphasized youth employability as a central component of the country's economic reform agenda during a meeting with the World Bank, highlighting a shift towards improving social and human development outcomes.
The World Bank has approved $500 million in financing for the Ghana Market Access and Connectivity Project (GMACP), aiming to improve rural roads and market access for over 550,000 people.
The International Monetary Fund (IMF), World Bank (WB), and International Energy Agency (IEA) have issued warnings about potential summer fuel scarcity if the Strait of Hormuz remains closed.
The International Monetary Fund (IMF), World Bank, and other international organizations have issued a warning about potential global energy supply strains. They attribute this risk to the ongoing conflict in the Middle East, which could lead to fuel shortages.
The Swedish government has decided to provide a second guarantee to the World Bank, enabling Ukraine to receive a loan of approximately SEK 2.5 billion (€236 million).
The Sindh Chief Minister met with a World Bank official to review Karachi's K-IV water project, emphasizing its timely completion. The meeting focused on the progress and challenges of the crucial water supply scheme for the city.
Nigerian and other African labor unions have rejected the 'Mission 300' electricity initiative, which is backed by the African Development Bank (AfDB) and the World Bank, citing concerns over its impact on 600 million Africans without electricity.
The World Bank has pressed the Government of Ghana to accelerate the operationalization of the multi-million-dollar Weija Paediatric Hospital, emphasizing its importance for strengthening healthcare delivery.
The World Bank has indicated that 27 countries are currently seeking access to crisis funds, highlighting global economic vulnerabilities and the need for financial support.
A World Bank document reveals that 27 countries are seeking access to crisis funds. This move is reportedly influenced by the impact of the Iran war on global energy markets.
Thailand has approved a public holiday and work-from-home days for government agencies in Bangkok in October to reduce traffic congestion during a World Bank and International Monetary Fund meeting.
Marcus Lemonis, CEO of Camping World, has publicly refuted claims circulating on X (formerly Twitter) that America's largest RV dealer is spiraling towards bankruptcy.
According to Business Insider, approximately 1.7 million Ukrainian refugees have returned home over the past year, making Ukraine the world leader in migration balance based on 2025 data from the World Bank and UN Population Fund.
The World Bank has reported that Thailand possesses a skilled workforce but faces a challenge with insufficient job opportunities. This assessment points to a mismatch between labor supply and demand in the Thai economy.
An educational-therapeutic center for children and youth with disabilities has opened in Crniche, a collaboration with the Municipality of Kisela Voda and supported by the Ministry of Social Policy, Demography and Youth and the World Bank. The center will provide individualized speech therapy and special education treatments.
The Philippine Senate has formally convened as an impeachment court to begin the trial of Vice President Sara Duterte, with House prosecutors entering their appearance and the court issuing a summons for Duterte to respond to complaints. Palace officials stated President Marcos will not interfere in the proceedings.
The World Bank has approved a $350 million fund to help Bangladesh mitigate the impact of global fuel market volatility. This financial support aims to shield the country's economy from price fluctuations and ensure energy security.
Kano State in Nigeria is strengthening its education collaboration with the Federal Government and partners, having secured N23 billion in World Bank approval for 49 new schools under the AGILE project.
The World Bank has restricted Instagram comments following significant backlash from Nigerians regarding a proposed $1.25 billion loan to Nigeria, amidst growing concerns over the country's debt.
The World Bank has issued a warning that Malaysia's leading frontier firms are failing to scale up or innovate, a trend that is contributing to underemployment in the country.
The Nigerian Universities Commission (NUC) has signed a $65 million agreement with the World Bank. This deal aims to upgrade Nigerian universities, improve governance standards, and provide training for 24,000 Nigerians.
Bosnia and Herzegovina's Minister of Finance and Treasury, Dr. Srđan Amidžić, and the Head of the World Bank Office for Bosnia and Herzegovina and Montenegro, Christopher Sheldon, signed three loan agreements.
Former World Bank President David Malpass has called on China to cease its extensive stockpiling of food and fertilizer. He argues that China's actions are contributing to global food insecurity and driving up prices.
The Korea Green Growth Trust Fund, financed by South Korea and managed by the World Bank, is expected to generate new business opportunities for Korean companies.
The World Bank and South Korea are discussing the latter's expanded role in supporting green growth in emerging economies through the Korea Green Growth Trust Fund.
A new World Bank report reveals significant variations in the processing times for key business procedures in Greece, such as property transfers, with times ranging from 56 days in Alexandroupolis to 213 days in Thessaloniki.
Geothermal energy, which supplies about 21 percent of El Salvador’s electricity, is set for expansion by the state-owned utility LaGeo following approval from the World Bank.
The World Bank projects a significant increase in global fertiliser prices by 2026, which is expected to raise food production costs and exacerbate inflationary pressures, particularly in Sub-Saharan Africa.
The establishment of a World Bank office in Trinidad is anticipated to provide a significant "jolt" to the local economy. This development is expected to facilitate investment and support economic growth initiatives in the nation.
A new World Bank report highlights Albania's rapidly aging population, emphasizing the growing challenge of providing adequate long-term care services in the Western Balkans region.
A South Korean banking veteran has been appointed as the new director of risks at the World Bank Group. This significant appointment places a Korean national in a key leadership role within the international financial institution.
The World Bank has arrived in Trinidad and Tobago, indicating a visit or engagement with the Caribbean nation. The purpose of their presence is not detailed in the provided headlines.
Þorgerður Katrín Gunnarsdóttir, Iceland's Minister of Finance, held discussions with the President of the World Bank, highlighting the institution's crucial role as a partner for Icelandic authorities in securing funding for developing nations.
An analysis suggests Nigeria urgently requires a developmental state and renegotiated terms of engagement with multilateral institutions like the World Bank and IMF to address its challenges.
Kazakhstan's Energy Minister Yerlan Akkenzhenov met with Valérie Levkov, World Bank Group Vice President for Infrastructure, to discuss expanding cooperation on modernizing and investing in the country's energy sector.
The World Bank has warned that the crisis in the Middle East will impact Western Balkan economies, leading to slower economic growth and increased inflation in the region this year and next.
The World Bank has issued new forecasts for the Western Balkans, indicating a slowdown in economic growth and warning of a critical labor shortage in the region. The institution also lowered its growth projections for individual countries, including Serbia.
Lazar Šestović, a World Bank economist for Serbia, stated that resolving the ownership of Naftna industrija Srbije (NIS) is a key issue for the country's economic growth, security, foreign direct investments, and industrial production. He emphasized its significant influence on the national economy.
Donald Trump has reportedly instructed his aides to prepare for an extended blockade of Iran, particularly the Strait of Hormuz. He also issued a stern warning to Iran, stating they 'better get smart soon' and that the 'no more Mr. nice guy' approach is over.
The Gulf Cooperation Council (GCC) economies are maintaining stability, according to reports, even as the IMF and World Bank warn of potential slowdown risks despite the region's strong financial buffers.
Energy prices are projected to jump 24% in 2026, reaching their highest level since Russia's full-scale invasion of Ukraine four years ago, assuming the most severe disruption...
The Lagos State Government has supplied operational vehicles to enhance the $500 million World Bank HOPE programme, aiming to improve service delivery across key sectors.
South Korean police have arrested a man for allegedly spreading a fabricated image of an escaped wolf, generated by artificial intelligence, which caused public panic. The incident highlights concerns over the misuse of AI-generated content.
The World Bank expressed satisfaction with the PRDC-VFS projects in the Senegal River Valley but emphasized the need to accelerate their implementation. Coordinator Mamadou Diedhiou highlighted the positive impact of current investments.
The National Development Planning Commission, in collaboration with partners like the World Bank and UNICEF Ghana, organized a pilot workshop to enhance district-level capacity for food systems and nutrition planning.
The World Bank has acknowledged the positive impact of the PRDC-VFS project on local communities in Bakel, Senegal, highlighting its success in development.
The Central Bank of Nigeria (CBN) has issued multiple alerts warning the public about a surge in fake emails, online scams, and fraudulent messages targeting bank accounts.
A World Bank report highlights how Nigeria's rising revenues are being diluted by increasing obligations and FAAC deductions, prompting calls for greater transparency in financial management.
Public enterprise Elektroprivreda BiH has partnered with the World Bank to implement a significant Scaling Up Renewable Energy Project in Bosnia and Herzegovina.
The World Bank indicates that Sri Lanka's economic recovery is losing momentum, with growth slowing due to persistent high energy costs and underlying structural deficiencies.
Montenegro's seriousness in resolving the decades-long hazardous waste problem in the KAP zone has been confirmed through a Ministry of Finance arrangement with the World Bank, securing financing for the remediation project.
Pakistan has partnered with the International Finance Corporation (IFC) of the World Bank to serve as a transaction adviser, attracting private investors for the installation of 10 million smart meters across its electricity distribution companies.
Policymakers from developing countries voiced deep frustration at recent IMF-World Bank meetings, stating that continuous external shocks are hindering their efforts to address high debt.
A G-24 director states that developing nations face higher borrowing costs from the IMF and World Bank due to factors like weak revenue, high debt, and lender risk assessments.
The Department of Finance announced that the Philippines has called for more timely and concrete support from the World Bank to strengthen its crisis preparedness and disaster response capabilities.
A recent IMF and World Bank report concludes that Europe is significantly affected by the energy crisis linked to the Middle East war, leading to slowed economic growth and amplified inflation.
The World Bank has initiated a new global project called 'Water Forward,' aiming to provide water security to one billion people, with an initial focus on 14 water-stressed countries in Africa, the Middle East, and South Asia. The project seeks to ensure water access for 400 million individuals by 2030.
Finance ministers and high-ranking officials from several countries are attending the IMF-World Bank Spring Meetings in Washington D.C. During the summit, they are holding critical bilateral meetings and presenting economic reforms and investment opportunities.