Latest World Bank News

Mother of two Amsale Hailemariam, a domestic worker who lost work because of the coronavirus, stands in her small tent in the capital Addis Ababa, Ethiopia on Friday, June 26, 2020. Decades of progress in one of modern history's greatest achievements, the fight against extreme poverty, are now in danger of slipping away due to the coronavirus and the world could see the first global increase in extreme poverty in 22 years, further sharpening inequality. (AP Photo/Mulugeta Ayene)

Extreme poverty rises and a generation sees future slip away

Aug. 10, 2020 9:48 AM EDT

ADDIS ABABA, Ethiopia (AP) — As a domestic worker, Amsale Hailemariam knew from the inside out the luxury villas that had grown up around her simple shelter of raw metal and plastic sheeting. And in them, she saw how her country, Ethiopia, had transformed. The single mother told herself, “Oh God, a...

Mother of two Amsale Hailemariam, a domestic worker who lost work because of the coronavirus, stands in her small tent in the capital Addis Ababa, Ethiopia on Friday, June 26, 2020. Decades of progress in one of modern history's greatest achievements, the fight against extreme poverty, are now in danger of slipping away due to the coronavirus and the world could see the first global increase in extreme poverty in 22 years, further sharpening inequality. (AP Photo/Mulugeta Ayene)

Extreme poverty rises; a generation sees a future slip away

Aug. 10, 2020 6:09 AM EDT

ADDIS ABABA, Ethiopia (AP) — As a domestic worker, Amsale Hailemariam knew well the luxury villas that had grown up around her simple shelter of raw metal and plastic sheeting. In them, she saw how her country, Ethiopia, had transformed. “Oh God, a day will come when my life will be changed,...

A worker wearing a face mask to help protect against the spread of the new coronavirus cleans near a bank's currency advertisement board in Seoul, South Korea, Friday, June 26, 2020. (AP Photo/Ahn Young-joon)

The Latest: More virus cases in Seoul as new clusters emerge

Jun. 26, 2020 11:11 PM EDT

SEOUL, South Korea — South Korea has reported 51 more confirmed coronavirus cases as new clusters emerge in the densely populated Seoul area where people have been increasingly venturing out despite government warnings against complacency. Thirty-five of the new cases are in the capital region, which is at...

Correction: Nile Dam-Talks story

Jun. 18, 2020 3:41 AM EDT

CAIRO (AP) — In a story published June 17, 2020, about talks between three Nile basin countries on construction of a hydroelectric dam in Ethiopia, The Associated Press erroneously reported that the World Bank was involved in crafting a deal that could end a dispute among the three countries over the...