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.

Treasury Secretary Scott Bessent said Wednesday that the Trump administration would pursue a significant overhaul of the International Monetary Fund and World Bank as it seeks a “sustainable ...

Treasury Secretary Scott Bessent said Wednesday that the International Monetary Fund and World Bank are “falling short” of their main missions and must focus on an urgent goal of bringing the ...

Project 2025’s call for U.S. withdrawal from the World Bank threatens to hand America’s competitors a historic victory. While the blueprint correctly diagnoses the bank’s inefficiencies ...

World Bank officials scramble as Trump's win signals imminent budget slashes amidst climate fund fiasco. Luxury in the air faces grounding with World Bank's potential crackdown on business class ...

World Bank officials — under fire for losing track of $24 billion in climate funds — are panicking over the prospect of severe budget cuts as President-elect Donald Trump pledges to slash US ...

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 ...

Senior figures at the World Bank have said it should consider changing its lending policy to include nuclear energy projects. (Image: World Bank) Ahead of the organisation's recent Spring meetings, ...

The International Monetary Fund (IMF) and World Bank, known as the Bretton Woods institutions, were created to foster global economic development and stability. But in recent years, their model ...

Ajay Banga’s approach to solving economic instability in the Global South is a unique one: using not just the financial resources of the World Bank, which he leads, to address global poverty ...

The World Bank is extending a new lifeline to small islands and other small states struck by earthquakes and tropical storms, allowing governments to focus on disaster recovery instead of debt ...

The World Bank, the world’s largest international development organization, has long faced criticism for a host of perceived shortcomings, including imposing coercive conditions on its loans to ...