The World Bank, established in 1944, is a multilateral financial institution that provides loans and grants to reduce poverty in low- and middle-income countries.

Trade tensions and fractious geopolitics risk exposing deep fault lines in the global financial system, the central bank umbrella body, Bank for International Settlements, said in its latest ...

World Population Day was established by the UN in 1989, inspired by the world population hitting five billion on July 11, ...

The World Bank Group is a family of five multilateral institutions focused on economic development whose overarching mission is global poverty reduction. Established by Western powers in 1944, the ...

In 1956, the World Bank established the International Finance Corporation, a unit that specializes in encouraging private investment in developing countries. What Is the Legacy of the Bretton ...

In response, the World Bank established a new institutional licensing framework to make the tool openly available, promoting its reuse and adaptation across various sectors.

The World Bank is ending its long-standing ban on providing funding for nuclear energy projects - and will be open to supporting efforts to extend the life of existing reactors and accelerate the ...

This isn’t the first-time foundations have established a fund to deepen the World Bank’s work, better connect it with NGOs, and magnify impact. For example, the Bill & Melinda Gates Foundation and ...

The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to global trade stemming from President Trump’s trade war. Global growth in ...

The World Bank provides financing, advice, and research to developing nations to aid their economic advancement.

Despite promising to help alleviate poverty, World Bank investments in private hospitals in east Africa have resulted in catastrophic out-of-pocket payments for many. Ben Dooley and Micah Reddy for ...