World Bank

Lebanon May 23

World Bank says poverty levels in Lebanon have tripled in a decade

The World Bank says poverty in Lebanon has tripled over the course of a decade. The percentage of people in Lebanon living below the poverty line rose from 12% in 2012 to 44% in 2022.

World Bank April 15

World Bank 'ringing alarm bells' as income gap between riches and poorest countries widens

The World Bank reports half of the world's poorest countries are getting poorer as the income gap between them and the world's richest countries grows for the first time this century.

Globalism January 17

Argentina's Milei warns WEF to reject socialism, says 'Western world is in danger'

Argentina's President Javier Milei has warned attendees at the World Economic Forum to reject socialism and said that Western values and systems are under threat.

Africa December 13, 2023

Somalia secures $4.5B debt relief deal

Somalia on Wednesday locked down a $4.5 billion debt relief deal from international creditors, according to both the IMF and the World Bank.

World September 26, 2023

World Bank head claims wealthy nations' contributions could boost lending capacity by over $100B

World Bank Group President Ajay Banga stated that potential new contributions from affluent nations could bolster the bank's lending capacity by upwards of $100 billion over ten years.

Ukraine June 21, 2023

EU unveils massive, multi-year plan to rebuild Ukraine

The European Commission announced a project to help rebuild Ukraine through amid calls for an equivalent to the post-World War II Marshall Plan.

China March 22, 2023

Manchin joins 21 GOP senators in push to ban China from World Bank loans

Sen. John Barrasso, the No. 3 Republican in the Senate, introduced the bill the day after China's president met with Vladimir Putin in Russia.

Coronavirus May 28, 2020

UN secretary-general predicts 'historic' hunger in post-coronavirus world

United Nations Secretary-General António Guterres warned that the world is facing extreme crisis due to the coronavirus, despite scientific and technological advances. 

Africa May 21, 2020

East Africa fears 'triple threat' from coronavirus, floods and locusts

Countries across East Africa and the Horn of Africa are witnessing a “triple threat” from overlapping disasters as the coronavirus, locusts and flooding inundate communities across the region.

OPINION February 24, 2019

David Malpass as World Bank chief should please Democrats AND Republicans (but not China)

He puts America first, but also understands that the United States wins by engaging our global partners and growing wealthy with them.