The United States was a leading force in the establishment of the International Bank for Reconstruction and Development (IBRD) in 1944 and remains the largest shareholder of the World Bank Group today ...

World Bank Group President Ajay Banga on Tuesday said proposed new contributions from wealthy countries combined with balance sheet changes could boost the bank's lending capacity by $100 billion ...

For the fiscal year 2024, the World Bank distributed $36.902 billion in IBRD loans, $23.094 billion in IDA credits, and $8.101 billion in IDA grants. The IBRD loans money to creditworthy countries.

Up until two years ago, Ajay Banga had spent most of his career in the private sector – as a banker at Citigroup and latterly as the CEO of Mastercard . Now the World Bank president finds ...

In 2013, the bank set a goal to end extreme poverty, experienced by people living on $2.15 or less per day, by 2030. World Bank officials have since said that the lender will not succeed in that ...

The Russian invasion of Ukraine weighed heavily on the minds of policymakers attending the meetings. At the Second Ministerial Roundtable Discussion for Support for Ukraine, leaders expressed unified ...

Under pressure from world leaders, development experts and shareholders, the bank opens its spring meeting on Monday, poised for big changes. By David Gelles and Alan Rappeport Mr. Gelles writes ...