Rappler's latest stories on World Bank
Virus-hit Afghanistan gets $200-million World Bank grant
World Bank funds will be used to help mitigate the impact of the coronavirus pandemic on Afghanistan's war-ravaged economy
IMF and World Bank to hold fall meetings virtually
The 2020 IMF-World Bank Annual Meetings set for October 12 to 18 will be held 'in a primarily virtual format'
World Bank earmarks $1 billion for DR Congo health, education
Funds from the World Bank will be used to improve response to health emergencies and to support free primary education in the Democratic Republic of Congo
Elevated extreme poverty to persist until 2021 – World Bank
Extreme poverty is defined as living on $1.90 per day
Philippine economy to shrink by 1.9% in 2020, says World Bank
The World Bank says steps to recovery include strengthening the healthcare system, improving the ease of doing business, and developing better internet in the Philippines
Pandemic drives broadest economic collapse in 150 years – World Bank
(3rd UPDATE) The World Bank sees the global economy shrinking by 5.2% in 2020, with the coronavirus pandemic to drive up to 100 million people into extreme poverty
Duterte borrows another $500 million from World Bank for coronavirus
So far, the Duterte administration has borrowed $1.1 billion or around P55 billion from the World Bank for the Philippines' coronavirus response
Funding shortfall hinders pandemic response – World Bank chief
What keeps World Bank President David Malpass up at night? 'Not enough resources,' he says.
West Bank poverty may double over pandemic as annexation looms
(UPDATED) The number of households living below the poverty line in the West Bank could rise from 14% to 30% in 2020, warns the World Bank
World Bank warns pandemic could push 60 million into extreme poverty
The coronavirus pandemic could erase 'all the progress made in poverty alleviation in the past 3 years'
[OPINION] Global food security crisis not merely a ‘logistics’ issue
'The right to food and a nation’s capacity to produce domestic food should not be decided by market forces'
South Africa to seek $4.2 billion in IMF, World Bank help
With the number of coronavirus cases at 3,953 including 75 deaths, South Africa is the worst affected country on the African continent
World Bank warns pandemic could pressure food supply chain
The Philippines is among the countries that has conducted 'excess' buying of rice, says the World Bank
World Bank loans $100 million to PH for ventilators, facility upgrades
The funding is on top of the recently approved $500-million loan also intended to address the impact of the coronavirus pandemic
World Bank warns remittance payments to plunge amid pandemic
Remittances are expected to plunge by about 20% globally in 2020, the biggest decline in recent history
IMF, World Bank roll out all their lending tools
Here is a summary of the financing available from the International Monetary Fund and World Bank for countries battling the coronavirus pandemic
Leaders warn Africa short of funds to fight coronavirus pandemic
The World Bank and International Monetary Fund say Africa, the world's poorest continent, needs $44 billion more to combat the coronavirus pandemic
World Bank warns pandemic risks undoing poor countries' progress
'If we don't move quickly to strengthen systems and resilience, the development gains of recent years can easily be lost,' says World Bank President David Malpass
Pandemic a 'perfect storm' for South Asia, World Bank says
The World Bank slashes its growth forecast for South Asia, as it expects at least half the countries in the region to fall into 'deep recession' in 2020
World Bank loans $500 million to PH for coronavirus response
(UPDATED) The $500 million will be paid in 29 years, with a grace period of 10.5 years
Pandemic may cause sub-Saharan Africa's 1st recession in 25 years
(UPDATED) 'African countries are likely to be hit particularly hard' by the coronavirus pandemic, says Hafez Ghanem, the World Bank's vice president for Africa
Nigeria seeks billions from lenders over virus
Africa's most populous nation and biggest oil producer is battling to halt the spread of the coronavirus
World Bank to roll out $160-billion emergency aid over 15 months
India will be the largest beneficiary of the first wave of programs with a facility for $1 billion, followed by Pakistan with $200 million and Afghanistan with a little over $100 million
G20 vows to fight coronavirus impact on poor nations
A report says two-thirds of the global population based in developing countries – excluding China – face 'unprecedented economic damage' from the crisis
Worst-case scenario: PH economy may contract 0.5%, says World Bank
A drastic slowdown in domestic consumption, public infrastructure delays, and postponement of private investments due to the coronavirus are seen to drag down growth in 2020
World Bank warns China growth could screech to a halt
The World Bank says the coronavirus pandemic is causing 'an unprecedented global shock, which could bring growth to a halt and could increase poverty' across East Asia and the Pacific
IMF, World Bank call for suspending debt payments by poorest nations
'It is imperative at this moment to provide a global sense of relief for developing countries,' say the International Monetary Fund and the World Bank in a joint statement
World needs coordinated fiscal response to pandemic – IMF chief
'There is a lot more work to do,' says International Monetary Fund Managing Director Kristalina Georgieva
Depth of economic slowdown depends on response – IMF
'This is not something that stops at national borders, we need to work together,' says International Monetary Fund spokesman Gerry Rice
IMF to test working from home in case coronavirus strikes
The International Monetary Fund instructs its employees to work from home on Friday, March 13, as part of 'crisis preparedness efforts'
IMF calls for 'substantial' stimulus, coordination against coronavirus
(UPDATED) The International Monetary Fund urges policymakers to help households and businesses through a 'coordinated, international response'
IMF chief calls for all-out offensive to counteract epidemic
(UPDATED) 'At a time of uncertainty...it is better to do more than to do not enough,' says International Monetary Fund Managing Director Kristalina Georgieva
World Bank unveils $12-billion aid package to combat coronavirus
The funds, some of which are targeted to the world's poorest nations, can be used for medical equipment or health services, among others
IMF, World Bank to hold April meetings in 'virtual format'
'Given growing health concerns related to the virus,' the April 16 to 18 meetings of the International Monetary Fund and World Bank will be done in a 'virtual format'
IMF, World Bank funds ready to fight virus outbreak
While they have yet to receive a request for aid, the International Monetary Fund and World Bank 'have now developed contingency plans'
World Bank to attack poverty in conflict zones
The World Bank has $18.7 billion earmarked for conflict-affected countries through its poverty-reduction grant arm
World Bank aid 'leakage' may flow to tax havens – study
A study finds that World Bank 'aid disbursements to the most aid-dependent countries coincide with significant increases in deposits held in offshore financial centers'
World Bank to lower global growth forecast over virus outbreak
The World Bank says it will revise its estimates downward 'for at least the first part of 2020,' as the novel coronavirus outbreak threatens global supply chains
World Bank calls for global effort against virus
If the epidemic reaches the same severity as the Spanish flu in 1918, it could cost the global economy between 1% and 10% of growth, says World Bank President Jim Yong Kim
Global economy faces fragile recovery beset by risks – World Bank
The World Bank projects the global economy will grow by 2.4% in 2020. But forecasts for nearly every country are cut compared to previous estimates.
[OPINION] Paul Volcker and the triumph of integrity
The late Paul Volcker was a hero for saving the Philippine peso during the worst economic crisis of the 1980s
Indonesia hit with $5.2 billion in forest fire losses – World Bank
The World Bank's cost estimate does not include longer-term effects of repeated exposure to haze, such acute respiratory illnesses, or lost school time after students and teachers were advised to stay home
Trump calls on World Bank to stop lending to China
'Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!' Donald Trump writes on Twitter
World Bank loans Philippines $300 million for conditional cash transfers
The World Bank has contributed a total of $1.26 billion to the Pantawid Pamilyang Pilipino Program since it first provided funding in 2010
World Bank urges Lebanon to form gov't, warns of recession
The warning comes as anti-government demonstrators push on with rallies and hundreds of school children boycott classes
Philippines to miss 2019 economic growth target – World Bank
Global trade tensions and domestic politics spoil the Philippines' dream to be among Asia's economic juggernauts
Developing country debt jumps to $7.8 trillion in 2018 – World Bank
The 5% increase in the total foreign debt of developing nations in 2018 is driven by a surge in Chinese debt
Africa poses critical challenge for World Bank, IMF
There is a need for massive investment in infrastructure and job creation in the coming years just to keep pace with Africa's growing population
Ivory Coast must overhaul key cocoa sector – World Bank
'Despite its importance to the Ivorian economy and society, the cocoa sector is not playing its role as the engine of economic development,' says the World Bank
FALSE: Aquino admin obtained 'secret' $500-million loan from World Bank
The World Bank approved a loan for Yolanda victims in 2013 but the Aquino administration did not hide this information
