Latest World Bank News
World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty
WASHINGTON (AP) — The global economy is growing steadily in the face of war, protectionist trade policies and high interest rates. It just isn’t growing fast enough to bring relief to the world’s poorest, the World Bank said Thursday in its latest assessment of the global economy. ...
Pakistan's premier welcomes World Bank's 10-year funding plan of $20 billion
ISLAMABAD (AP) — Pakistan's prime minister on Wednesday welcomed the first-of-its-kind agreement with the World Bank under which Islamabad will get $20 billion in funding in 10 years to invest in renewable energy, education, and social sectors. In a post on the X platform, Shehbaz...
Lebanese whose homes were destroyed in the war want to rebuild. Many face a long wait
BEIRUT (AP) — Six weeks into a ceasefire that halted the war between Israel and Hezbollah, many displaced Lebanese whose homes were destroyed in the fighting want to rebuild — but reconstruction and compensation are slow in coming. Large swaths of southern and eastern Lebanon, as...
China raises its estimate for the size of its economy in 2023
BANGKOK (AP) — China's economy grew a bit more in 2023 than earlier thought, but the revision has not affected forecasts for “about 5%” growth in the GDP this year, the government said Thursday. The estimate for total economic activity, or GDP, in 2023 for the world's second...
As flooding becomes a yearly disaster in South Sudan, thousands survive on the edge of a canal
AYOD, South Sudan (AP) — Long-horned cattle wade through flooded lands and climb a slope along a canal that has become a refuge for displaced families in South Sudan. Smoke from burning dung rises near homes of mud and grass where thousands of people now live after floods swept away their...
