The bank is facing scrutiny as it debates how to compensate victims of abuse at Kenyan schools that it was financing.
Tag: World Bank
World Bank Warns of Energy Price Surge if Mideast War Spreads
A new economic report predicted a year of weak growth and said the world faced a decade of “wasted opportunity.”
The Debt Problem Is Enormous. Experts Say the System for Fixing It Is Broken.
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
Middle East War Could Cause Oil Price Shock, World Bank Warns
A new report outlined how a major escalation of the conflict between Israel and Hamas could fuel a new bout of inflation.
Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
Yellen May Face Questions in Morocco Over U.S. Dysfunction
Treasury Secretary Janet Yellen calls on Congress to authorize more economic support for Ukraine.
Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
Global Climate Economy Conference Begins in Paris
Hundreds of representatives from about 80 countries are gathering in Paris to talk about rebuilding a monetary system many say is ill-suited to a changing planet.
World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.