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The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates.
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The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates.
Rebuilding Ukraine following the devastation caused by the Russian invasion will cost an estimated $349 billion, according to a report issued Friday. But the...
The World Bank said it would not offer new funding to Sri Lanka unless the bankrupt island nation carried out "deep structural reforms."
The World Bank's board on Thursday approved creation of a fund meant to finance investments in strengthening the fight against pandemics.
The global economy risks falling into a harmful period of 1970s-style “stagflation,” sparked chiefly by Russia’s invasion of Ukraine, the World Bank warned Tuesday...
The World Bank announced Wednesday an additional $12 billion in funding to mitigate the “devastating effects” of severe growing global food insecurity driven by...
The war and the raft of sanctions on Moscow have endangered the global recovery from the Covid-19 pandemic and threatened global cooperation.
The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted by multiple crises.
Major international organizations issued an appeal Wednesday for urgent measures to deal with rising food insecurity in poor countries.
The Russian war on Ukraine has set off a chain reaction in the global economy, pushing energy and food prices higher.