World Bank Group President David Malpass said Monday the Earth is seeing “tragic reversals in development” due to the ongoing COVID-19 pandemic. Malpass gave his assessment at a media ...

The World Bank sees widespread slowdowns in advanced economies, too. In the United States, it projects 1.1 percent growth this year and 0.8 percent in 2024.

Since its founding in 1944, the World Bank has evolved from a lender focused on European reconstruction to the preeminent international institution for economic development and poverty reduction.

The World Bank (and the IMF) should get credit for increasing their lending to the world's poorest countries during the pandemic. But without additional action, net flows to developing economies ...

The World Bank on Tuesday slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a “significant ...

Policymakers around the globe should not react in haste to announcements by U.S. President Donald Trump's administration, and be prepared to argue their case, World Bank President Ajay Banga told ...

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 ...

The Biden administration’s nominee to be the next president of the World Bank, the international development and climate institution, is embarking on a monthlong sprint around the globe to ...

The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job. The World Bank said Thursday that Banga was the only candidate ...

David Malpass, the president of the World Bank, addressing finance ministers from around the globe at the United Nations climate summit in Sharm el Sheikh, Egypt, on Wednesday.

An 84-page review, written by senior academics and economists, was published on the bank's website on Monday, about three weeks after it was submitted to World Bank chief economist Carmen Reinhart.

The World Bank Group is committed to addressing racism and racial discrimination in our workplace and in our development work around the globe. Reflecting our mission to alleviate poverty and ...