World Bank | DD News

June 12, 2026 10:20 AM

World Bank cuts global growth forecast to 2.5%; India remains fastest-growing major economy

India remained the world's fastest-growing large economy, the World Bank said on Thursday, projecting GDP growth of 6.6% in 2026 following a 7% expansion in 2025. Growth rates in India were expected to remain fairly high for the next two decades, World Bank chief economist Indermit Gill said. The assessment came as the lender cut its global growth forecast for 2026 to 2.5%, citing heightened geopolitical tensions and the conflict in the Middle East. It also warned that global growth could sl...

May 12, 2026 3:01 PM

World Bank sees Pacific growth slowing to 2.8% in 2026

Economic growth across 11 Pacific Island countries is expected to weaken in 2026 as higher energy and shipping costs, slowing tourism momentum and persistent structural constraints weigh on activity, the World Bank said in a report released on Tuesday. The World Bank's Pacific Economic Update said growth in the Pacific Island countries it tracks slowed to an estimated 3.2% in 2024 and 2025, down from 6.5% in 2023, and is forecast to ease further to 2.8% in 2026 before edging up to 3.1% in 2027....

April 13, 2026 10:35 AM

Economic shock of Middle East war to cast shadow over IMF, World Bank meetings

Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia's full-scale invasion of Ukraine in 2022. Top International Monetary Fund and World Bank officials last week said they would downgrade their forecasts for global growth and raise their inflation predictions as a result of the war, warning that emerging markets and develop...

April 9, 2026 11:52 AM

India’s growth momentum stays strong: World Bank

India’s economy continues to maintain a strong growth momentum, driven by robust domestic demand, resilient services exports and sustained reforms, the World Bank said in its latest South Asia Economic Update. The report estimates India’s growth at 7.6 per cent for FY 2025–26, higher than earlier projections, reflecting the strength of consumption and investment activity. Private consumption remains a key driver of growth. Retail demand has stayed steady, supported by lower inflation, ta...

February 27, 2026 3:36 PM

IMF approves $8.1 billion loan for Ukraine, with $1.5 billion to go immediately

The International Monetary Fund's executive board on Thursday approved an $8.1 billion, four-year loan for Ukraine, with $1.5 billion to be disbursed immediately to help keep the government running as its war against Russia's invasion drags into a fifth year. The IMF said the new Extended Fund Facility arrangement for Ukraine would help anchor a $136.5 billion international support package for the war-torn country, which this week marked the fourth anniversary of Russia's full-scale invasion. ...

February 24, 2026 7:57 PM

World Bank report highlights ‘shockingly large’ gap between gender equality laws and enforcement

A World Bank report warned of a "shockingly large" gap between legislation promoting gender equality and its enforcement, with no country currently ensuring all the legal rights required for women's full economic participation. The annual report, released on Tuesday, emphasized that while many nations have made progress on laws that advance women's economic rights, weak enforcement systems and institutional shortcomings have hindered their real-world impact. "There is a shockingly large gap be...

February 23, 2026 6:46 PM

Ukraine reconstruction estimate jumps 12% to $588 billion, World Bank says

Rebuilding Ukraine's economy will cost an estimated $588 billion over the next decade, the World Bank, United Nations, European Commission and the Ukrainian government said on Monday, a day before the fourth anniversary of Russia's full-scale invasion. The latest assessment by the institutions, based on data from February 24, 2022 through December 31, 2025 showed a 12% increase from last year's estimate, based in part on a 21% jump in damaged or destroyed energy infrastructure from a year ago. ...

January 14, 2026 5:02 PM

World Bank sees resilient global growth in 2026

The global economy is proving more resilient than expected, with 2026 GDP growth expected to improve slightly over forecasts from last June, the World Bank said on Tuesday while warning that growth is too concentrated in advanced countries and overall too weak to reduce extreme poverty. The World Bank's semi-annual Global Economic Prospects report shows that global output growth will slow slightly to 2.6% this year from 2.7% in 2025 before edging back to 2.7% in 2027. The 2026 GDP forecast is ...

December 8, 2025 3:50 PM

India’s revamped consumption survey data helped revise global poverty calculations: Minister

The World Bank has observed that India’s revamped consumption survey data has played a significant role in updating global poverty calculations, the Parliament was informed on Monday. According to the World Bank, the rise in international poverty estimates reflects global price changes as well as improvements in country-level data quality. Union Minister of State for Finance Pankaj Chaudhary told the Lok Sabha that India’s extreme poverty rate declined sharply - from 27.12 per cent in 2011...

November 10, 2025 10:18 AM

World Bank, in letter to US, backs draft UN resolution on Gaza

The World Bank backs language in a U.S.-drafted United Nations Security Council resolution on Gaza that would authorize a two-year mandate for a transitional governance body, according to a letter to the United States seen by Reuters. The 15-member UN Security Council began negotiations on Thursday on the text that would mandate a so-called Board of Peace transitional governance administration, giving it the authority to establish operational entities to address issues including the reconstruct...