The countries agreed to cover $15 million owed to the lender as the new government in Damascus looks to rebuild the economy ...

Economic growth in the six Western Balkans countries is projected to moderately slow down in 2025 due to weaker external ...

Saudi Arabia and Qatar say they will pay Syria’s outstanding debt to the World Bank, a move that is likely to make the ...

Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from ...

Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the ...

Treasury Secretary Scott Bessent said the U.S. remains committed to playing a leadership role in the IMF and World Bank but ...

Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their ...

Treasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain ...

Treasury Secretary Bessent on Wednesday encouraged the World Bank to invest in gas and fossil fuels. "The World Bank must be ...

THERE is no one-size-fits-all formula for middle-income countries like the Philippines to become advanced economies. But ...

Lender warns of risk of inflation and exchange rate volatility, on the back of global economic uncertainty after the US ...