Ethiopia said on Friday that it had signed a $1 billion financing agreement with the World Bank to support its economic ...

Spain has partnered with the World Bank to help poorer countries free up money to spend on development and conservation via ...

Slovenia has announced a 30% increase in its contribution to the World Bank's International Development Association (IDA), reinforcing its commitment to supporting the world's poorest countries. The ...

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

At COP29, multilateral development banks (MDBs) led by the World Bank Group estimated they could provide $120 billion annually in climate financing to low and middle income countries, and mobilise ...

The World Bank in particular has done "a huge amount of work" to align its lending with global climate goals. "If they choose to step back this would be at their own detriment, and other banks like ...

June 20 (UPI) -- Colombia's recent entry into the BRICS-backed New Development Bank marks a significant shift in its foreign and economic policy. With the move, President Gustavo Petro's ...

WASHINGTON - The World Bank said it is worried that some countries are less and less transparent about their public debt and use complex borrowing tools, making it harder to measu ...

LONDON (Reuters) -The World Bank is urging "radical" debt transparency for developing countries and their lenders to stave off future crises, it said in a report released on Friday. The Bank wants ...

The cuts have come even though inflation has been above the bank’s target rate of 2% for most of that time. Rate-setters can’t do much about current inflation so set policy on a longer-term horizon, ...

The Bank of England has kept its main interest rate at the two-year low of 4.25% as fears grow that the conflict between Israel and Iran will escalate. The decision Thursday by the bank’s nine ...

The World Bank’s board has agreed to end a longstanding ban on funding nuclear energy projects in developing countries as part of a broader push to meet rising electricity needs, according to World ...