By Andrea Shalal WASHINGTON, July 22 (Reuters) - Escalating hostilities between the United States and Iran could reignite ...

I N JUNE 2023 the world’s biggest development bank seemed to be undergoing a transformation. At a summit in Paris, the president of the World Bank, which for 70 years had focuse ...

The World Bank Board of Executive Directors today approved $360 million from the International Development Association (IDA) for the Second Resilient Recovery Development Policy Financing operation to ...

Prolonged US-Iran conflict could fuel inflation, push up borrowing costs and deepen debt distress across developing economies ...

The World Bank has removed from its website an April policy update on Nigeria that recommended reopening imports of petrol. The report triggered a sharp backlash from Dangote Industries, whose giant ...

By David Lawder WASHINGTON, June 29 (Reuters) - The World Bank Group said on Monday it will "retire" its previous goal to devote 45% of its annual lending resources to projects with climate ...

World Bank loan to help modernise the country’s infrastructure and create hundreds of thousands of jobs in the continent’s ...

The World Bank’s Board of Executive Directors today approved $1.5 billion in financing for a second operation to help India accelerate the development of low-carbon energy. The operation will seek to ...

The World Bank’s loan-backed bond program has surpassed the $1 billion mark after the lender raised another $509 million for a program aimed at supporting job creation in developing nations.

The World Bank decided to remove quantitative targets for incorporating climate objectives into its financing, months after criticism from the US — its biggest shareholder — that it should get back to ...

The internal watchdog of the International Finance Corp. found that the lenders pressured borrowers to keep paying back loans they couldn’t afford.

A group of allied countries want to use the same kind of government-backed financing that helped rebuild Eastern Europe after ...