Latest World Bank News

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...

World Bank: world will suffer largest downturn since 1940s

Jun. 8, 2020 11:16 AM EDT

WASHINGTON (AP) — The World Bank said Monday the world is facing an unprecedented health and economic crisis that has spread with astonishing speed and will result in the largest shock the global economy has witnessed in more than seven decades. Millions of people are expected to be pushed into extreme...