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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

          Gas being flared at an oil complex in Anzoategui State, Venezuela. AP

          World Bank: Redirecting fossil fuel subsidies could unlock $500bn

          EnergyJune 16, 2023
          The World Bank's offices in Washington. The lender said in March that global growth is set to slump to a three-decade low by 2030. Reuters

          Higher rates to slow global growth in 2023, World Bank says

          EconomyJune 06, 2023
          US Treasury Secretary Janet Yellen with incoming World Bank president Ajay Banga at the Treasury Department in Washington. Reuters

          Ajay Banga takes over as World Bank president

          EconomyJune 02, 2023
          Vulnerable Lebanese households will benefit from $300 million in financing from the World Bank. Reuters

          Lebanon's poorest to get $300m from World Bank

          LebanonMay 26, 2023
          Indian-American business executive Ajay Banga was confirmed as the next World Bank president. Reuters

          Indian-American executive confirmed as next World Bank president

          BankingMay 03, 2023
          Fiscal balance improved in Palestine last year, led by a 19 per cent increase in tax collection. Reuters

          World Bank predicts slump in Palestine’s economic growth

          EconomyMay 02, 2023
          A tractor ploughs a field in Kyiv. Fertiliser prices are expected to fall by 37 per cent this year, according to the World Bank. AFP

          Global commodity prices set to fall at fastest pace since Covid, World Bank says

          EconomyApril 27, 2023
          A cargo ship sits in a New Jersey port along New York Harbour. Policies to reduce port delays include improving clearance processes and adopting digital technologies, the World Bank says. AP

          UAE ranks among the top 12 in World Bank's logistics index

          EconomyApril 24, 2023
          Home-made bread is becoming a thing of the past in rural Egypt, as centuries-old traditions are steadily squeezed by a punishing economic crisis. AFP

          S&P revises Egypt's outlook to negative

          EconomyApril 24, 2023
          Selcuk Yorgancioglu, former partner at Abraaj Group. Photo: Twitter

          World Bank debars former Abraaj executive over fraud

          BusinessApril 21, 2023
          A sign for the 2022 IMF and World Bank annual meetings, which were held in Washington. AP

          IMF and World Bank to hold 2026 annual meetings in Bangkok

          EconomyApril 19, 2023
          Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade. Victor Besa / The National

          UAE working towards connecting 'new centres of growth' globally

          WorldApril 13, 2023
          Abdulhamid Alkhalifa, director-general of the Opec Fund for International Development. PA

          Opec Fund 'happy' to take on ambitious climate financing pledge

          BusinessApril 13, 2023
          David Malpass, president of the World Bank, stressed the need for working capital financing to start flowing again. EPA

          Higher credit provision needed to exit slowing economy, World Bank chief says

          EconomyApril 13, 2023
          US Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington. Bloomberg

          Janet Yellen upbeat about global economy despite IMF outlook

          EconomyApril 11, 2023
          An oil pumpjack in Emlichheim, Germany. A host of data releases due this week will indicate global economic sentiment and potential demand for oil. AP Photo

          Oil fluctuates ahead of release of key data on crude demand and economy

          EnergyApril 11, 2023
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