The gap between developing nations' debt servicing costs and new financing hit a more than 50-year high of $741 billion between 2022 and 2024, the World Bank said on Wednesday, urging countries to use ...

The natural disaster killed more than 640 people, and affected more than 10 percent of Sri Lanka's population. Floods and ...

The World Bank has approved a $500 million facility for Nigeria to expand longer-term lending to small and medium sized ...

Bungling World Bank bureaucrats lost track of at least $24 billion bankrolling the battle against climate change, according to a bombshell report by a left-leaning charity group. An investigation by ...

Jin Liqun, the first president of the AIIB, talks international cooperation, infrastructure, and investment in an interview ...

World Bank bureaucrats who jetted to the United Nations’ annual global warming conference spewed CO2 emissions equal to what’s produced by 200 US households in a year — sparking accusations of climate ...

Learn how international competitive bidding ensures fair competition for World Bank projects and how borrowers can secure funding with this transparent process.

The World Bank Board of Executive Directors today approved financing for two critical programs in the Indian states of Uttar ...

Myanmar’s economy will contract this year amid civil war and ongoing drag from a March earthquake, according to the World Bank, which sees growth also constrained by weak domestic demand, labor ...

COLOMBO: Cyclone Ditwah, which struck Sri Lanka last month, caused an estimated US$4.1 billion in direct physical damage to ...