African nations assert leadership at the U.N. while regional crises persist
As leaders gathered, progress along climate and financial fronts contrasted with grim reports on rights and violence.
World Bank Group
Founded in 1944, the Washington-based World Bank Group provides financial and technical assistance to developing countries around the world. Its mission is to fight poverty and to help people help themselves and their environment.
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In final stretch, pandemic treaty talks narrowing on benefit sharing
A $10.5 billion global fund for pandemic preparedness would cost a fraction of the devastation the treaty seeks to prevent.
U.S.-South Africa rift complicates Group of 20 summit in Johannesburg
Pretoria's ambitious agenda for the G-20 focuses on inclusive growth, food security, AI, debt relief, and climate finance.
U.N. conference gains pledges for climate finance, launches initiatives
Leaders pushed for better financial systems at only the fourth U.N. conference on development financing held since 2002.
Global aid cuts pose 'threat of major backsliding' with maternal deaths
The loss of funding could unravel major progress since 2000 in reducing women's deaths during pregnancy and childbirth.
WTO and E.U. chiefs warn of global consequences from Trump tariffs
Markets plunged in Asia, Europe and the U.S. as leaders were shocked at Trump's tariffs and the risk of a global trade war.
From Washington to Davos, the ranks of billionaire elites grow
Billionaires' wealth 'surged' by $2 trillion in a year, while 44% of the world population lives on less than $6.85 a day.
Trump strongly rejects international cooperation. Round 2 is underway.
Here's a timeline of Trump's actions involving international organizations and treaties, from his first term to the present.
Inflation is down, but politics and conflicts dim economic outlook
International Monetary Fund blames a lackluster economy on slowing growth, potential trade wars and regional conflicts.
War may cause 'irreversible' damage to Gaza's environment and health
Building debris may take $647 million and 15 years to clean up. Around 800,000 tons might qualify as hazardous waste.
Wealthy nations to provide $11B for World Bank-led global solutions
The wars in Europe and the Middle East, climate change, and soaring national debts hung over the annual talks.
U.N. climate chief says next 2 years will be 'essential' to saving the planet
This year and next mark the countdown to a 2025 deadline for governments to strengthen their carbon-cutting plans.
Trillions needed for anti-poverty goals to deal with climate, debt, war
A new U.N. report shows how prioritizing debt over services like health care and education plagues the developing world.
Global fractures spur summits of developing and non-aligned nations
Russia’s war in Ukraine and the Israel-Hamas war accelerated geopolitical tensions among major powers.
COVAX to close after delivering almost 2 billion vaccine doses
The multilateral effort fell short of its ambitious targets but still managed to save an estimated 2.7 million lives.
Ballooning interest rates cripple developing nations with high debt
The World Bank is warning of a "lost decade" as rising interest rates push developing economies to the brink.