The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. Read More
China needs to improve its lending practices in the developing world, especially in terms of transparency in the loans it provides, according to the World Bank President. ...
Sri Lanka needs urgent policy measures to address its high levels of debt and debt service, reduce the fiscal deficit, and restore external stability, the World Bank said in its twice-a-year regional update. ...
Amid a political crisis in Afghanistan since the Taliban's takeover last August, the private sectors of the country have been hit hard as the businesses were halted, reported local media citing a survey conducted by the World Bank. ...
The Bank of Canada raised its benchmark interest rate for the most in 20 years, saying that it has added half a percentage point to bring rates to 1 per cent in a bid to rein in inflation. ...
