The European Investment Bank is holding off on decisions to finance the $760 million Ruzizi III hydropower plant in Central Africa, due to fighting between Rwandan-backed rebels and the Democratic ...

The Integrated Transport Corridors Project aims to tackle climate-related challenges, especially in coastal regions where over 60 per cent of roads are small ...

Ajay Banga had spent most of his career in the private sector – as a banker at Citigroup and latterly as the CEO of ...

The company first took a stake in Simandou – the world's richest untapped iron ore deposit – in 1997. But for years, its ...

Clearway Energy Group has announced that it closed financing and began construction on its Honeycomb portfolio, which ...

U.S. lawmakers are seeking to pass a bill to support to nuclear energy projects through the World Bank and other MDBs. Plus, ...

Jacob Rees-Mogg, the Conservative MP, labelled Mr Carney the “high priest of project fear”. He survived the outcry and left the bank in 2020, laying the groundwork to assume leadership of Canada’s ...

Foreign Direct Investment (FDI) has powered prosperity in development for decades. But in recent years FDI flows have been impacted by overlapping crises, including the pandemic, increasing ...

The World Bank says the cost of reconstruction and recovery for Lebanon following the 14-month Israel-Hezbollah war is ...

MANILA – At least 19 million Filipinos are expected to benefit from two new projects approved by the World Bank’s (WB) Board ...

Standard & Poor’s (S&P) assigned a stable outlook to Kuwaiti banks in January, noting that they “operate with strong capital ...

Communities in the DRC are urging the World Bank not to fund the costly, potentially destructive Inga 3 mega-dam.