World Bank

US allows sanctions exemptions to facilitate entry of aid to Afghanistan

US Treasury issued two general licenses, one of which allows the US government, NGOs and certain international organizations, including the UN, to engage in transactions with the Taliban in a bid to provide aid to the war-torn country.

Aid agencies warn Afghanistan's healthcare system at risk of collapse

Aid agencies said that while their ground operations were broadly unaffected, they had seen a significant increase in demand as other facilities are unable to fully function.

World Bank halts aid disbursements to Afghanistan

The Bank, which has provided $5.3 billion to the country since 2002, is deeply concerned about the situation there and the impact on its development prospects, a bank spokesperson says.

Bangladesh rejects WB proposal on integrating Rohingya refugees

Foreign Minister AK Abdul Momen says World Bank report "contradicts our philosophy on Rohingya," adding "welfare of the Rohingya lies in repatriation."

EU set to impose sanctions over Lebanon crisis

The bloc said it is ready to impose sanctions on Lebanon's ruling elite, including a travel ban and asset freeze, for obstructing the process of forming a functioning government.

Lebanon hikes bread prices amid economic crisis

Lebanon is grappling with the worst economic and financial crisis in its modern history, one that the World Bank has said is likely to rank as one of the worst the world has seen in the past 150 years.

Lebanon’s food security crisis will be the ultimate test for its elites

If the government stops subsidising many essentials, Lebanon will head towards a new crisis. Could this new low be the spark for a revolution that ushers in a new political system?

World Bank: Lebanon economic crisis among world's worst since 1850s

The Arab country's economy will shrink by close to 10 percent in 2021, likely to rank in top 10, possibly top 3, most severe crisis episodes globally since mid-19th century, World Bank says.

Cost of 10 years of devastating war in Syria

We look at the human and financial cost of the war according to the data from UN bodies, international NGOs and Syrian civil society groups.

Sudan declares state of emergency in Red Sea state after tribal violence

The state of emergency comes after the World Bank announced it would allocate $2 billion to Sudan, as the nation struggles to reintegrate into the international community.

Will Covid-19 vaccines inject hope into the global economy?

Vaccine programs have sparked optimism and encouraged a revision of global growth projections for 2021 and onwards.

IMF sees rising prospects of global growth despite uncertainties

IMF Managing Director Kristalina Georgieva said that when the IMF releases its updated economic forecast next week, it will show the global economy growing at a faster pace than the 5.5 percent gain it projected at the start of the year.