In a significant move to strengthen global public asset management frameworks, the World Bank’s Executive Directors approved the relaunch of the World Bank Reserve Advisory and Management Partnership ...

By Camillus Eboh ABUJA, July 16 (Reuters) - Nigeria has launched a $552 million basic education programme co-financed by the ...

I N JUNE 2023 the world’s biggest development bank seemed to be undergoing a transformation. At a summit in Paris, the ...

By David Lawder WASHINGTON, June 29 (Reuters) - The World Bank Group said on Monday it will "retire" its previous goal to devote 45% of its annual lending resources to projects with climate ...

By Marc Jones and Simon Jessop LONDON, July 13 (Reuters) - Multilateral development banks committed a record $162.5 billion ...

The Legal Vice Presidency includes dedicated teams supporting the World Bank's lending, finance, policy, and advisory functions across six broad areas: The Operations team advises and supports the ...

The World Bank’s loan-backed bond program has surpassed the $1 billion mark after the lender raised another $509 million for a program aimed at supporting job creation in developing nations.

By Andrea Shalal WASHINGTON, June 30 (Reuters) - The World Bank will phase out its lending to China by 2031 after years of declining loans, reflecting the country's rise to become the world's ...

The World Bank decided to remove quantitative targets for incorporating climate objectives into its financing, months after criticism from the US — its biggest shareholder — that it should get back to ...

Bungling World Bank bureaucrats lost track of at least $24 billion bankrolling the battle against climate change, according to a bombshell report by a left-leaning charity group. An investigation by ...

This week, world leaders and central bankers will convene in Washington, D.C., for the annual spring meetings of the International Monetary Fund and the World Bank. Both the chaos coursing through the ...

A group of allied countries want to use the same kind of government-backed financing that helped rebuild Eastern Europe after ...