South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation ...

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The International Bank for Reconstruction and Development (IBRD) is lowering its equity-to-lending rate by 1 percentage point to 18%, a move that will generate $30 billion in additional financing.

The bursting of interrelated credit and property bubbles has caused financial crises in the US and certain European countries, including Cyprus, in recent decades.The epicentre of the global financial ...

The World Bank has approved a loan of around US$600 million to support the development of 540MW of new solar and wind ...

Half of the adults around the world – around 2.5 billion people – don’t use formal financial services, and 75% of poor people are unbanked because of costs, travel distances and burdensome ...

Digital nano loans, introduced by bKash, Bangladesh's largest mobile financial service (MFS) provider, are rapidly gaining traction, with daily disbursements via mobile wallets now exceeding those of ...

Russia's economy, boosted by military activity, is now classified as high-income by the World Bank. Russia's GDP grew 3.6% in 2023, with trade and financial sectors rebounding.