Rappler's latest stories on World bank
World Bank funds will be used to help mitigate the impact of the coronavirus pandemic on Afghanistan's war-ravaged economy
The 2020 IMF-World Bank Annual Meetings set for October 12 to 18 will be held 'in a primarily virtual format'
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
Extreme poverty is defined as living on $1.90 per day
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
(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
So far, the Duterte administration has borrowed $1.1 billion or around P55 billion from the World Bank for the Philippines' coronavirus response
What keeps World Bank President David Malpass up at night? 'Not enough resources,' he says.
(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
The coronavirus pandemic could erase 'all the progress made in poverty alleviation in the past 3 years'
'The right to food and a nation’s capacity to produce domestic food should not be decided by market forces'
With the number of coronavirus cases at 3,953 including 75 deaths, South Africa is the worst affected country on the African continent
The Philippines is among the countries that has conducted 'excess' buying of rice, says the World Bank
The funding is on top of the recently approved $500-million loan also intended to address the impact of the coronavirus pandemic
Remittances are expected to plunge by about 20% globally in 2020, the biggest decline in recent history
Here is a summary of the financing available from the International Monetary Fund and World Bank for countries battling the 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
'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
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
(UPDATED) The $500 million will be paid in 29 years, with a grace period of 10.5 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
Africa's most populous nation and biggest oil producer is battling to halt the spread of the coronavirus
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
A report says two-thirds of the global population based in developing countries – excluding China – face 'unprecedented economic damage' from the crisis
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
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
'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
'There is a lot more work to do,' says International Monetary Fund Managing Director Kristalina Georgieva
'This is not something that stops at national borders, we need to work together,' says International Monetary Fund spokesman Gerry Rice
The International Monetary Fund instructs its employees to work from home on Friday, March 13, as part of 'crisis preparedness efforts'
(UPDATED) The International Monetary Fund urges policymakers to help households and businesses through a 'coordinated, international response'
(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
The funds, some of which are targeted to the world's poorest nations, can be used for medical equipment or health services, among others
'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'
While they have yet to receive a request for aid, the International Monetary Fund and World Bank 'have now developed contingency plans'
The World Bank has $18.7 billion earmarked for conflict-affected countries through its poverty-reduction grant arm
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'
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
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
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.
The late Paul Volcker was a hero for saving the Philippine peso during the worst economic crisis of the 1980s
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
'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
The World Bank has contributed a total of $1.26 billion to the Pantawid Pamilyang Pilipino Program since it first provided funding in 2010
The warning comes as anti-government demonstrators push on with rallies and hundreds of school children boycott classes
Global trade tensions and domestic politics spoil the Philippines' dream to be among Asia's economic juggernauts
The 5% increase in the total foreign debt of developing nations in 2018 is driven by a surge in Chinese debt
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
'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
The World Bank approved a loan for Yolanda victims in 2013 but the Aquino administration did not hide this information