Syria has secured a $50 million financing package from the World Bank to support transport infrastructure projects as the country advances its economic recovery efforts, Syrian media reported on Sunday.
Kazakhstan’s economy is set to slow in the coming years as external conditions deteriorate and geopolitical risks intensify, according to the latest forecast by the World Bank.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 21st of December, covering the latest developments you need to know.
The World Bank has approved $700 million in new financing to support Pakistan’s efforts to stabilise its economy and strengthen public service delivery, marking a significant boost to the country’s reform agenda.
Rising temperatures are taking a mounting toll on Bangladesh, with heat-related illnesses and productivity losses costing the economy up to $1.78 billion - about 0.4% of GDP - in 2024, according to a World Bank report released Tuesday
The World Bank has announced that Tajikistan's medium-term outlook remains favourable, with growth projected to moderate to 7% in 2025 and converge toward a growth rate of 4.5% in 2026 and 5% in 2027.
The World Bank has said it's approved more than $1 billion in new funding to support rebuilding efforts and infrastructure development in Iraq, Syria, and Lebanon.
Uzbekistan will significantly expand its small hydropower capacity through a new $150 million World Bank project, aiming to enhance electricity access and boost renewable energy production nationwide.
African leaders at the U.S.-Africa Business Summit in Luanda have called for an end to aid-based relations with the U.S., urging a stronger focus on private investment and transformative partnerships.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
The World Bank has approved a $640 million loan to Bangladesh to help improve gas supply security and reduce dangerous air pollution in urban areas.
The World Bank has lowered its global growth forecast for 2025 to 2.3%, down 0.4 percentage points from earlier estimates, warning that escalating trade tensions and tariff hikes are clouding the global economic outlook.
The World Bank has lowered its global growth forecast for 2025 to 2.3%, warning that escalating trade tensions and policy uncertainty - particularly stemming from U.S. tariffs - pose major threats to global economic stability.
The World Bank has approved a $200 million concessional credit to help Uzbekistan modernize its irrigation and drainage infrastructure, aiming to cut water losses and improve energy efficiency across five regions.
The World Bank has approved $35 million in concessional credit to help Uzbekistan improve access to geospatial data and support urban development.
The World Bank stands as one of the most influential international financial institutions, shaping economic development across continents through financial support, technical assistance, and policy guidance.
Syria regains World Bank funding after Saudi Arabia and Qatar pay $15.5 million debt
The World Bank has approved a $100 million concessional loan to Uzbekistan to help integrate renewable energy into power grids and enhance electricity reliability in key regions. The national grid operator will contribute an additional $50 million to the five-year program.
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.
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