World Bank

AI offers ‘lifeline’ for emerging economies, World Bank says

Widespread job losses due to AI are also less of a threat to emerging economies, the report found.

Venezuela quakes caused $25.3 billion in damage: World Bank report

The 7.2 and 7.5 magnitude quakes happened in Venezuela on June 24 killed about 5,000 people.

EU says donors offering $1.3b to help Gaza ‘early recovery’

Vietnam, Philippines raised to World Bank’s upper-middle-income status

All five of the major South-east Asian economies – which include Singapore, Malaysia and Thailand – are now at the upper-middle-income tier and above.

World Bank to phase out lending to China by 2031, source says

The move was agreed by the World Bank and China as part of its five-year “country partnership framework”.

World Bank to abandon goal to devote 45% of lending resources to climate change projects

A drone view of a seawall under construction, funded by the World Bank and Green Climate Fund, along the coast of Ebeye, Marshall Islands, June 13, 2025. PHOTO: REUTERS

World Bank approves $1.4b emergency financing for Bangladesh

The World Bank package comprises two projects aimed at helping the country manage external shocks and maintain economic stability.

Climate-vulnerable countries push for global funding framework

A new initiative seeks to address the financing gaps left by years of global crises, more frequent and extreme droughts, hurricanes or floods, and what some say is a mispricing of sovereign risk that pushes up poorer countries’ borrowing costs.

Russia, Iran lead surge in gas flaring, dimming global hopes to end the practice

A yacht sails past a gas flare at Portovaya Bay on the coast of the Gulf of Finland in the Leningrad Region, Russia August 26, 2022. REUTERS/Stringer

Myanmar inflation hits 25% on US-Iran fuel shock: World Bank

Inflation for the 12 months to the end of March came in at 21.1 per cent in Myanmar.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.