World Bank
The latest news on the World Bank. Formed in 1944, the institution's goal is to provide economic support to low to middle income countries. Currently the groups goal to reduce poverty in economic struggling countries.
Millionaire Explains Why Asking For Wage Raises During Inflation Won't Work
Concerns about inflation and wages come as the United States has entered its first bear market since 2020.
World Bank Predicts Bleak Future as Global Economy Faces Multiple Crises
"Of course, we have the war in Ukraine and its repercussions. We have increasing interest rates, tightening financial conditions," Ayhan Kose said.
As Gas Prices Break Records, World Bank Warns of 1970s-Style 'Stagflation'
The price of gas in the U.S. hit an all-time high national average of $4.91 per gallon on Tuesday.
New Report Accuses Lebanese Elite for Country's Poverty
Despite the country investing billions of dollars in infrastructure projects, tap water is widely undrinkable and the electricity cuts out 22 hours a day.
U.S. Economy's Growth Projected to Slow Amid Supply Chain Bottlenecks
The World Bank projected that the U.S. economy will grow 3.7 percent this year, down from 5.6 percent last year.
U.S. Concerned Over Allegations World Bank Changed Business-Friendly Ranks
Treasury Secretary Janet Yellen said a report alleging World Bank officials had changed business rankings for China "raised legitimate issues and concerns."
World Bank Staff Have a New Goal: Boost Incomes in Their Assigned Countries
As the bank lends billions, chief David Malpass is leading a restructure that puts the focus on policy outcomes.
Scientists Worked Out the Best Island Nations to Survive a Global Pandemic
It was published the same month a report found the world was not prepared for a health emergency.
Lion Mauls Man to Death after He Went to Relieve Himself in a Forest
The 55-year-old man lived in the district of Amreli, India.
Ivanka Trump Tweets, Then Deletes, Photo with 'National Security Strategy'
Ivanka Trump reposted the photo days later with a document titled "National Security Strategy" cropped out.
Trayon White Sr. Faces Further Anti-Semitism Row
Lawmaker condemned for suggesting that climate is controlled by Jews made previous anti-Semitic comments.
Women to Watch—An Interview with Sonita Alizadeh
As a young undocumented Afghan refugee in Iran, Sonita Alizadeh chose to speak out against child marriage—and she did it through the medium of rap.
Tel Aviv Diary: The Trump Campaign Is America's Shame
In Israel, 6 percent of adults watched the presidential debates.
WHO Says Mental Health Treatment Has High ROI
Projections suggest that for every $1 spent on improving global mental health, the world nets almost $4 in return.
Nigeria Seeks Billions in Loans to Fund Budget: Reports
The African nation's budget deficit is predicted to double in 2016.
Maternal Mortality Rates Drop By Nearly Half Since 1990
Two out of every three maternal deaths occur in Sub-Saharan Africa.
Climate Change Could Push 100 Million Into Poverty by 2030: World Bank
"Climate change hits the poorest the hardest," World Bank Group President Jim Yong Kim said.
Two Numbers: Spending Threshold for Extreme Poverty Increased to Price of Half a New York Latte
The World Bank's benchmark of daily expenditure is now $1.90, up from $1 in 25 years ago.
Global Poverty Rate Likely to Fall Below 10 Percent for the First Time: World Bank
The fall is attributed to strong economic growth rates in emerging markets and investments in education, health and social safety nets.
China Likely to Wield Veto Over 57-Member Asian Infrastructure Investment Bank
Analysts say that US has "backed itself into a corner" with criticisms of $100 billion institution.
In Fight Against Ebola, Front-Line Health Workers Risked Their Lives And Never Got Paid
Less than 2 percent of all Ebola donations went to front-line medical staff in Sierra Leone.
What's Behind Washington's Tussle With China Over China's Asia Bank?
A decade ago, China's currency was very lightly traded abroad. Now it is one of the five most heavily traded in the world.
Over 40 Countries Rush to Join China's Asia Bank Before Deadline
Norway joins UK, Germany and others in signing up to China-led bank, with Japan and U.S. absent.
U.S. Eclipsed as Allies Line Up to Join China's Asia Bank
Xi's growing international influence challenges America's superpower status.
If We All Eat Meat, We're Doomed
The rest of the world is fast adopting a Western diet, hastening climate change.
The Indian Dream? World Bank Says Social Mobility in India Comparable to U.S.
A report on inequality in South Asia found that the chances of escaping poverty in both countries were roughly the same.
Tax Evasion: The Noose Tightens Further
No one much noticed the G20 move against tax evaders and shell companies.
U.N., U.S. Ask for More Resources to Fight Ebola
Obama requested more than $6 billion from Congress to fight the Ebola virus at home and abroad, while one U.N. official says there aren't yet enough resources to defeat the disease.
The Wealth Gap Preoccupies Wall Street
Once, concern about growing income equality was strictly for liberals and hippies. Now bankers and economists are joining the chorus of disapproval
World Economies Warn of Global Risks, Call for Bold Action
The IMF has flagged Europe as the top concern, a sentiment echoed by many policymakers, economists and investors gathered for the fall meetings.
