The World Bank said on Wednesday it has sanctioned a Chinese state electric engineering group and its subsidiary over fraudulent practices in a power project in Zambia, setting out new conditions for ...

United Nations Secretary-General Antonio Guterres on Monday urged development banks to stop backing fossil fuel projects, after a report found the World Bank had invested $12 billion in the sector ...

FundsChain, a blockchain-based platform, enables the World Bank to improve traceability, accountability, and streamline ...

The World Bank has projected that 141 million Nigerians will be living in poverty by 2026, as the country continues to struggle with high inflation, slow economic growth, and instability.

The writing is on the wall as the U.S. pushes multilateral development banks to fund more fossil fuel projects.

Dams have been emblematic of the World Bank's approach to development for many decades. From the bank's early years in the ...

The Presidency has disputed the latest economic report by Nigeria’s biggest multilateral lender, the World Bank, which ...

Nineteen of the World Bank's 25 executive directors issued a joint statement this week affirming their support for the bank's ...

The World Bank Group has introduced a blockchain-based tool to improve transparency and efficiency in development financing.

The Pakistan Meteorological Department (PMD) has launched an initiative to upgrade the country’s early flood warning and ...

The World Bank Group is transforming how it tracks development project funds, becoming the first multilateral development bank to use a blockchain-based tool for funds traceability and enhancing ...