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World Bank

Wars impose deep and prolonged economic costs on countries, IMF research finds

FILE PHOTO: A man stands next to a damaged building in the aftermath of Israeli strikes, amid an escalation between Hezbollah and Israel, amid the U.S.-Israeli conflict with Iran, in Beirut's southern suburbs, Lebanon, March 12, 2026. REUTERS/Stringer/File Photo
FILE PHOTO: A man stands next to a damaged building in the aftermath of Israeli strikes, amid an escalation between Hezbollah and Israel, amid the U.S.-Israeli conflict with Iran, in Beirut's southern suburbs, Lebanon, March 12, 2026. REUTERS/Stringer/File Photo

Banga defends World Bank’s role on Trump’s Board of Peace

World Bank president Ajay Banga was among a group of people Mr Donald Trump appointed to serve on the board’s executive board.
World Bank president Ajay Banga was among a group of people Mr Donald Trump appointed to serve on the board’s executive board.

World Bank’s Banga sees some degree of lower growth, higher inflation due to war

World Bank President Ajay Banga said the impact of the war would depend on the severity and duration of the disruption to energy markets.
World Bank President Ajay Banga said the impact of the war would depend on the severity and duration of the disruption to energy markets.

IEA, IMF and World Bank to coordinate response to Middle East war’s impact

Now in its second month, the conflict has spread across the region, disrupting energy supplies and threatening to send the global economy into a tailspin.
Now in its second month, the conflict has spread across the region, disrupting energy supplies and threatening to send the global economy into a tailspin.

Creating jobs for Africa’s youth is ‘global common good’, says President Tharman

Succeeding in this large-scale job creation will not just benefit Africa but also the rest of the world, said President Tharman Shanmugaratnam.
Succeeding in this large-scale job creation will not just benefit Africa but also the rest of the world, said President Tharman Shanmugaratnam.

Workplace equality exists nowhere, says World Bank

In countries where women have more opportunities, men’s rate of labour force participation is also higher, the World Bank report says.
In countries where women have more opportunities, men’s rate of labour force participation is also higher, the World Bank report says.

US may lift more Venezuela sanctions next week, says Bessent

FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks during a press conference in Washington, D.C., U.S., December 17, 2025. REUTERS/Aaron Schwartz/File Photo
FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks during a press conference in Washington, D.C., U.S., December 17, 2025. REUTERS/Aaron Schwartz/File Photo

Sri Lanka cyclone caused $5b in damage, says World Bank

Floods and landslides caused by Cyclone Ditwah left extensive damage throughout Sri Lanka.
Floods and landslides caused by Cyclone Ditwah left extensive damage throughout Sri Lanka.

Syria's growth accelerates as sanctions ease, refugees return, central bank chief says

Abdul Kader AlHussrieh, Governor, Central Bank of Syria speaks via video link during the Reuters NEXT conference in New York City, U.S., December 4, 2025.  REUTERS/Brendan McDermid
Abdul Kader AlHussrieh, Governor, Central Bank of Syria speaks via video link during the Reuters NEXT conference in New York City, U.S., December 4, 2025.  REUTERS/Brendan McDermid

ADB, World Bank launch Pacific islands projects under new cofinancing model

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. REUTERS/Elizabeth Frantz
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. REUTERS/Elizabeth Frantz

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.