World Bank News - Latest Updates & Headlines
World Bank Group's Global Digital Summit to explore cutting-edge, innovative digital solutions
Washington DC, March 15: Partners, clients, and private-sector leaders will gather here for the 2nd edition of the World Bank Group's Global Digital Summit to explore, together, cutting-edge digital solutions, share insights, and foster valuable discussions about the transformative work shaping the future of digital development.
South Sudan projected to experience universal poverty in 2025: World Bank
Juba, March 14: South Sudan is projected to experience universal poverty in 2025, driven by a combination of factors such as a decline in oil production and external shocks, the World Bank said in a report.
Afghanistan: WHO reports surge in acute respiratory disease
Kabul, March 6: Afghanistan is grappling with acute respiratory disease challenges with children being the most affected, a recent World Health Organization (WHO) report has revealed stating that there is an alarming 54.1 per cent increase in acute respiratory diseases in the war-torn country in January 2025 compared to December 2024.
Govt should ease lending restrictions on NBFCs to improve credit for MSMEs: World Bank
New Delhi, March 6: In a bid to enhance the availability of credit for Micro, Small, and Medium Enterprises (MSMEs), the World Bank, in its latest report, has stated that the government should remove the interest cap on NBFCs to ease the lending restriction.
World Bank to establish one billion USD fund for Lebanon
Beirut, Feb 28: Lebanese Finance Minister Yassine Jaber revealed on Friday that the World Bank is working on establishing a one-billion-US dollar reconstruction fund for Lebanon as part of the ongoing efforts to support the country's economic recovery.
India needs to grow by 7.8 pc to reach high-income status by 2047, a possible target: World Bank
New Delhi, Feb 28: A new World Bank report on Friday said that India needs to grow by 7.8 per cent on average over the next 22 years to achieve the country's aspirations of reaching high-income status by 2047 -- a target that is possible to achieve.
Assam CM meets World Bank director, discusses infra projects
Guwahati, Feb 27: Assam Chief Minister Himanta Biswa Sarma on Thursday met World Bank Country Director Auguste Tano Kouame and held discussions regarding infrastructure projects in the state here, officials said.
World Bank sees India as right place to invest for global firms
Guwahati, Feb 27: The World Bank has reaffirmed its positive outlook on India's economic growth, urging global companies to invest in the country.
EU carbon border adjustment mechanism will impact Indian exports, especially in steel and aluminium, says World Bank's Thomas Kerr
New Delhi, February 26: Thomas Kerr, Lead Climate Change Specialist at the World Bank, has said the European Union's Carbon Border Adjustment Mechanism (CBAM) will impact Indian exports, particularly in steel, aluminium, and other high-emission industries.
World Bank to increase its financing to India; also focus on knowledge sharing says WB Country Director India
New Delhi, February 25: The World Bank to increase its financing to India, including through its affiliated institutions, said Auguste Tano Kouame, World Bank Country Director for India in an exclusive conversation with ANI.
Invest MP Global Investor Summit 2025 to begins today in Bhopal; leading industrialists from globe participating
Bhopal, February 24: Madhya Pradesh capital, Bhopal, is all set to host the "Invest MP Global Investor Summit" (GIS) 2025, which will be held on February 24-25.
World Bank warns Zimbabwe on climate-induced economic losses
Harare, Feb 1: The World Bank (WB) has warned that climate change could erode up to 12 per cent of Zimbabwe's gross domestic product (GDP) annually if the country does not implement robust measures to tackle the phenomenon.
Zimbabwe's economic outlook positive in 2025, says World Bank
Harare, Jan 31: Zimbabwe's economic outlook is positive, with growth expected to increase to six per cent in 2025, up from two per cent last year on the back of an anticipated recovery in agriculture and robust growth in industry and services, the World Bank (WB) said Friday.
World Bank says Lebanon's reconstruction plan nearing completion
Beirut, Jan 29: Ousmane Dione, World Bank Vice President for the Middle East and North Africa region, announced that the bank is finalising a rapid damage assessment to support Lebanon's reconstruction efforts.
Industrial shutdown in Khyber Pakhtunkhwa raises alarms amid economic challenges
Peshawar, January 21: The growing unrest and a lack of government assistance have caused 229 industrial facilities in Khyber Pakhtunkhwa (KP) to close according to the Department of Industry as cited by ARY News.
World Bank expects India's fiscal deficit to shrink further amid rising tax revenues
New Delhi, Jan 19: India's fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report.
India continues to outpace global peers on economic growth: Centre
New Delhi, Jan 18: As the fastest-growing large economy, with steady growth projected at 6.7 per cent over the next two fiscal years, India continues to outpace global peers and cement its position as a leader in economic resilience and progress, the government said on Saturday.
IMF projects India growth to be solid at 6.5 pc in 2025 and 2026
New Delhi, Jan 18: In India, the economic growth is projected to be solid at 6.5 per cent in 2025 and 2026, as projected in October and in line with potential, the International Monetary Fund (IMF) has said in its latest World Economic Outlook (WEO) update.
World Bank projects India's growth to be 6.7 pc in next two fiscal years
United Nations, Jan 17: The World Bank projects India’s economy to grow by 6.7 per cent in the next fiscal year starting in April, slightly higher than in the current fiscal year, and continuing to top the growth tally.
India's fiscal deficit to shrink continuously amid strong tax revenues: World Bank
New Delhi, January 17: The fiscal deficit in India is expected to shrink continuously, driven by growing tax revenues, according to the latest World Bank report.
World Bank approves 257.8-million-USD financing to improve water supply services in Lebanon
Beirut, Jan 16: The World Bank approved a 257.8-million-US. dollar financing to improve water supply services in Greater Beirut and Mount Lebanon.
Tanzania gears up for energy summit to expand power access
Dar Es Salaam, Jan 6: Tanzanian authorities announced that preparations for the African Heads of State Energy Summit, scheduled for January 27-28, are well underway.