WASHINGTON, May 28, 2025—The World Bank Group today announced the 4.5-year debarment of L.S.D. Construction & Supplies (“L.S.D.”), a Philippines-based construction company, in connection with ...

Latest data released by the World Bank shows the tale of two countries - India and Pakistan - and their journey to battle poverty - a colonial inheritance.

FILE PHOTO: 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.

The World Bank said it is committing $1 billion to help the Democratic Republic of Congo prepare for the development of the next stage of what could be the world’s biggest hydropower project.

Barrick Mining has asked the arbitration tribunal of the World Bank to intervene in legal proceedings in Mali, as the miner faces the possibility of the Loulo-Gounkoto mine falling under the ...

India's extreme poverty rate has declined from 27.1% in 2011-12 to 5.3% in 2022-23, according to World Bank data. In contrast, nearly 45% of Pakistan's population lives in poverty, with 16.5% ...

The World Bank has cut Kenya's growth forecast for this year by half a point from its initial prediction to 4.5%, it said on Tuesday, citing high levels of debt, high lending rates and a decline ...

India's sharp decline in poverty contrasts with Pakistan's deepening crisis, highlighting the impact of governance and economic policies, according to the World Bank.

The World Bank has raised the international benchmark for extreme poverty to USD3 a day from the earlier USD 2.15 per person per day for low-income countries. For lower-middle-income countries, it ...

The World Bank says the carbon tax would generate additional revenues estimated at 0.25 percent of GDP, which is currently equivalent to Sh40.5 billion.

Insiders confirmed that Matiang’i handed over his responsibilities at the World Bank on May 30 and could return to Kenya at any moment. “His work at the World Bank is done, and he has resigned.