Ajay Banga, pictured here at the 2024 annual meeting, said the goal was to help deliver electricity as a driver of development (Image: Screengrab World Bank video) The change was made at the World ...

The World Bank is reconsidering its ban on financing upstream projects amid a push to bolster the power sector. The World Bank's board lifted its ban on nuclear power financing on Tuesday and is ...

The World Bank reduced its growth forecast for the global and U.S. economy to the weakest pace for global output since 2008, citing trade war disruptions sparked by President Trump.

The World Bank on Tuesday agreed with President Trump's complaint that foreign countries engage in unfair trade practices with the US and urged the nations to ease their tariffs on American exports.

Trump’s trade war won’t just cripple domestic markets—it will slow global gross domestic product growth to its lowest point in 17 years. The World Bank’s Global Economic Prospects report ...

The World Bank’s board lifted its ban on supporting nuclear power, and is discussing whether to fund natural gas exploration and production, as it seeks ways to bolster access to electricity to ...

The world’s largest economy is expected to grow by just 1.4% in 2025, a sharp deceleration from the 2.8% expansion recorded in 2024.

A version of this article appears in print on June 13, 2025, Section B, Page 5 of the New York edition with the headline: World Bank to Lift Its Ban On Funding Nuclear Power.

WASHINGTON, June 11 (Reuters) - The World Bank's board has agreed to end a longstanding ban on funding nuclear energy projects in developing countries as part of a broader push to meet rising ...

The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.

The World Bank recently approved an initial $250 million in financing for the controversial Inga 3 mega dam project in the Democratic Republic of Congo, a move that worries civil society ...

Washington DC, June 19, 2025 — The World Bank approved an additional $7.7 million grant from the International Development Association (IDA) for the ASEAN Centre for Energy (ACE) for ASEAN Power Grid ...