Jean Pesme assumed office on Monday as the new World Bank Division Director for Bangladesh and Bhutan. Pesme brings extensive development experience to the role, with a proven track record in ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

World Bank Group President Ajay Banga and International Atomic Energy Agency Director General Rafael Mariano Grossi outlined ...

The 39 economies classified as facing conflict or instability are set to be home to 60% of those who live in extreme poverty ...

Global growth is projected to slow to 2.3 percent in 2025, nearly half a percentage point lower than the rate that had been ...

The world’s most desperate countries are falling further and further behind, their plight worsened by conflicts that are ...

Russia endeavors at present to reduce its dependence on Western financial institutions and minimize the use of foreign payment instruments and services, the Russian president said ...

The G7, wielding 30% of global GDP, per World Bank, bears a moral imperative. A G20 - G7 framework, saving $500 billion in ...

Global trade, at $33 trillion in 2024, teeters under protectionism's weight. A G20-led tariff truce could save $500 billion, ...

The World Bank forecasts a significant decline in global commodity prices, predicting a 12% drop in 2025 and another 5% in 2026, bringing them back to pre-pandemic levels.

The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023.