World Bank

The World Bank said in an updated forecast on Tuesday that high interest rates and stubbornly high inflation will hobble the global economy this year.

The World Bank expects much of the fall that has already occurred to now be steady for the remainder of the year, with prices possibly lifting in 2024.

The IMF cited the war in Ukraine and health concerns in China as chief potential stumbling blocks that could prevent a more robust economic recovery in coming years.

The deadly earthquake in Turkey earlier this month caused an estimated $34.2 billion in damage, according to the World Bank, and may cost twice that to rebuild.

Ajay Banga is a former CEO of Mastercard who expanded the business 13 fold during his tenure. The outgoing president of the World Bank is David Malpass.

Climate activists in the Biden administration have been calling for World Bank President David Malpass to resign after remarks he made at an event last week. The idea is absurd.

The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.

World Bank President David Malpass could be on the Biden administration's chopping block over climate change, according to a Friday report from Axios.

The World Bank warned in a new report Thursday that the global economy could be careening toward a recession as central banks raise interest rates higher.

World Bank President David Malpass responds to Fed Chair Jerome Powell's concern over combatting inflation and the options world governments have to increase production.

The global economy is at danger of returning to 1970s-style stagflation as it confronts elevated inflation and a slowdown in growth, according to a grim World Bank report.

The Russian war in Ukraine has sent the global cost of food and energy soaring, and costs are expected to remain elevated in the coming three years, the World Bank said in a grim economic forecast this week.

Treasury Secretary Janet Yellen on Tuesday blamed the Russian war in Ukraine for growing food insecurity and skyrocketing prices, calling institutions to "deepen their response" to risks of hunger.

The World Bank cut its forecast for global economic growth this year as a result of the Russian war in Ukraine and is preparing a $170 billion aid package for struggling nations.

Ukraine's economic output will likely contract by a staggering 45.1% this year as Russia's invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large swaths of the country, the World Bank said on Sunday.

A report from the World Bank on Monday warned that the war in Ukraine threatens to slow economies in Asia in the months ahead.

The World Bank is sending a financing package to Ukraine as the country fights back against an invasion from neighboring Russia

Russian banks that have been cut off from global payments networks are turning to China’s state-owned UnionPay system as the country tries to sidestep boycotts by Western businesses for its invasion of Ukraine.

The World Bank Group is putting together financial help for Ukraine.

The World Bank failed to protect two young employees who filed sexual harassment allegations against a veteran, high-ranking official who is now a presidential candidate in Costa Rica, according to findings released by the bank’s internal labor tribunal.