Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
International financial leaders will discuss ways to restore aid to Syria during next week’s IMF and World Bank meetings.
Saudi Arabia is reportedly planning to pay off Syria’s $15 million debt to the World Bank, according to multiple sources familiar with the matter.
The World Bank has unveiled a $1 billion program for Lebanon's reconstruction, including a $250 million loan, to help rebuild the country's economy and infrastructure after years of instability and the 2020 Beirut port explosion.
Afghanistan’s economy showed growth in 2023-2024, but high poverty, unemployment, and weak demand persist. Inflation rose in December, while the trade deficit surged by 54% to $9 billion. Despite improved food exports, declines in textiles and coal exports signal ongoing economic challenges.
The World Bank Group has approved a new Country Partnership Framework for Azerbaijan, outlining strategic priorities to support the country's transition to a more competitive and sustainable economy, focusing on productivity, job creation, and climate resilience.
The World Bank confirms Kazakhstan's GDP growth forecast at 4.7% for 2025 and 3.5% for 2026, with oil production driving recovery.
Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict.
Global finance leaders meet in Washington this week to address global growth, debt, and green energy amid uncertainties from conflicts, a slowing Chinese economy, and the potential impact of the U.S. election on trade and climate policies.
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