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.
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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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.
Drought data shows 'unprecedented emergency' for 1.84 billion people
Almost a quarter of the world faces human-induced drought, and 85% of those live in low- or middle-income countries.
Some are allowed out, but for most in Gaza the conditions only worsen
Hundreds of people were allowed to enter Egypt from Gaza, which one U.N. official called a 'graveyard' for children.
World 'dangerously' unprepared for another pandemic, panel concludes
The Global Preparedness Monitoring Board urged more trust-building to boost monitoring, accountability and financing.
War overshadows calls for more IMF and World Bank funding for Africa
Multilateral bank leaders said the world faces a global 'polycrisis' affecting development at an unprecedented scale.
Africa aspires to major role in the effort to combat climate change
African leaders say they have a market-based plan to fight warming that will spread development on the continent.
U.N. sounds alarm on universal roadmap to lift people out of poverty
Just 15% of the SDGs – which include 169 specific targets and 17 broad goals that the world agreed to in 2015 – is on track.
Macron calls for "public finance shock" to curb climate pollution
Speakers blamed major economies for a system that puts profits over fighting poverty and caring for the planet.
For many of the world's poorest nations, economic outlook is bleak
As interest rates soar and the economy slows, the World Bank sees an 'enduring setback' for many developing economies.
Researchers find 1.77B children worldwide lack basic safety net
The number of children without basic social protections is increasing worldwide, UNICEF and ILO say in a new study.
Biden picks former Mastercard CEO to replace the World Bank's leader
As the largest shareholder in the World Bank, the U.S. traditionally nominates candidates for a five-year term as president.
African nations pay 'extortionate' interest rates on debt, U.N. chief says
Women and girls still don't get the support they need, the U.N. chief said, and African nations cannot develop with "one hand tied behind their backs."
Pollution and climate change feeding drug-resistant 'superbugs'
Strains of bacteria immune to all known antibiotics may become a major cause of death by mid-century.
Watchdog finds scant progress in the global fight against corruption
A new report finds a clear connection between more violence and corruption as the world becomes a less peaceful place.