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Economy

Iran war to trigger largest energy price surge since 2022, report says

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Europe News

Scandinavians trust global organisations more than rest of Europe

Scandinavian countries are among those with the highest levels of trust in international institutions worldwide, and the highest in Europe, with the United Nations and the World Health Organisation ranking as the most trusted.

USA

World Bank approves over $1bn for projects in Iraq, Syria and Lebanon

The biggest amount went to Iraq, where the World Bank approved $930 million to help improve the country’s railway infrastructure, boost domestic trade and create jobs.

Economy

Saudi Arabia and Qatar to repay Syria’s debts to the World Bank

The payment of Syria's outstanding loans could help the country regain World Bank support and financing, which has been stalled for more than 14 years now.

Economy

US Treasury Secretary says IMF and World Bank need reform

Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.”

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Economy

Slower growth looms over Eastern Europe as reform urgency rises

Slower growth looms over Eastern Europe and Central Asia as inflation, weak external demand, and structural inertia take hold. The World Bank urges bold reforms to unlock productivity and avoid the middle-income trap.

Economy

Developing economies have greater challenges ahead, warns World Bank

Weak investment and climate change threaten growth in developing economies after a period of strong expansion.

Economy

World Bank: Developing countries spend record amount on foreign debt

Poorer economies are limiting investments in health, education, and the climate to avoid default and repay foreign lenders.

Economy

Denmark raises aid pledge to World Bank's low-income countries fund

Denmark, one of 52 countries funding development projects through the World Bank's initiative, is urging other countries to join it in tackling the 'most pressing development and climate challenges' facing the world today.

Economy

How the World Bank is helping Bosnia and Herzegovina's economy

Bosnia and Herzegovina has achieved International Development Association (IDA) donor status in 2023, along with Armenia and Georgia, after three decades of being in need of funding itself.

Economy

Euroviews. Europeans should bet on modernising the World Bank and IMF

In this decisive year for climate finance, the moment is now for strengthening the World Bank and IMF’s capacity to provide climate finance to developing countries, David McNair and Ameer Chughtai write.

Europe News

Ukraine Recovery Conference pledges support for energy infrastructure

United Nations Development Programme and World Bank discuss how the recovery of Ukraine will look like.

Earth News

Can the world agree on climate finance before COP29?

Countries are set to make a new commitment on climate finance at the UN climate conference in November this year.

Business

UK spending closer to France's than the US, says World Bank economist

The increase in public spending in the UK is slowing down economic growth and making the country seem to be operating more like France than the US, says the World Bank's chief economist.

Economy

Famous names petition G20 in call for debt and climate crisis reform

More than 100 signatories, including a number of celebrities, send an open letter to the G20 asking for reform to the global financial system.

Business

Are these the five easiest European countries to start a business?

Euronews Business takes a closer look at the five European countries that could be the best place to start a business.

Economy

Global economy heading towards lowest half-decade growth in 30 years

World Bank predicts the global economy will slow for a third consecutive year in 2024.