Latest World Bank News

World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty

Jan. 16, 2025 13:13 PM EST

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

Jan. 15, 2025 09:20 AM EST

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

Jan. 12, 2025 00:17 AM EST

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...