Middle East War to Spark Biggest Energy Price Surge in Four Years — World Bank
WASHINGTON — Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of ...
Tag: World Bank
Middle East War Could Cut Global Growth, Warns World Bank Chief Ajay Banga
The ongoing conflict in the Middle East is expected to deliver a measurable blow to global economic growth, even if ...
Women’s Economic-Opportunity Laws Only Half-Enforced Globally
WASHINGTON — Laws designed to ensure equal economic opportunities for women are only half-enforced on average across the world, indicating ...
Commodity Prices to Hit Six-Year Low in 2026 as Oil Glut Expands
WASHINGTON —Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth ...
Mozambique welcomes $6 billion electricity project from World Bank backing
For Hermínio Guambe, a barber in a small village outside Mozambique’s capital, electricity has been a game-changer. His tiny, unpowered ...
World Bank: ‘Mobile-Phone Technology Powers Saving Surge in Developing Economies’
WASHINGTON —More adults than ever in low- and middle-income countries now have bank or other financial accounts, leading to a ...
Global Economy Set for Weakest Run Since 2008 Outside of Recessions
WASHINGTON — Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest ...
Saudi Arabia and Qatar to repay Syria’s debts to World Bank
BEIRUT (AP) — Saudi Arabia and Qatar said Sunday they will pay Syria’s outstanding debt to the World Bank, a ...
Mission 300 Africa Energy Summit: Continent to connect 300 million to electricity by 2030 in new ambitious and collaborative initiative
Connecting 300 million Africans to electricity within the next five years is within reach through collaborative effort and commitment to ...
For Poorest Economies, Next 25 Years Could Prove Decisive
WASHINGTON —The next 25 years could prove decisive in determining whether the world’s 26 poorest countries progress to middle-income status, ...
World Bank Says Global Commodity Prices Set to Fall Through 2025 Amid Historic Oil Glut
WASHINGTON — Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that ...
Spain Announces Early Financial Commitment of €400 Million to IDA
Washington, D.C — Spain has announced an early financial commitment of €400 million to the International Development Association, the World ...
World Bank’s Banga says more bilateral debt forgiveness needed
WASHINGTON – World Bank President Ajay Banga said on Thursday that bilateral creditors need to provide more debt forgiveness to ...
World Bank: ‘Ending Poverty for Half the World Could Take More Than a Century’
WASHINGTON — At today’s feeble pace, it could take more than a century to eliminate poverty as it is defined ...
“Middle-Income Trap” Hinders Progress in 108 Developing Countries —World Bank
More than 100 countries including China, India, Brazil, and South Africa—face serious obstacles
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