Jamaica secures $6.7bn for hurricane recovery and reconstruction plan
Up to $3.6bn in government financing included, with major contributions from global financial institutions.
![A stage director looks on at the IMF/World Bank Annual Fall Meetings [File: Andrew Caballero-Reynolds/AFP]](https://www.aljazeera.com/wp-content/uploads/2025/05/000_1LJ3WM-1747423346.jpg?resize=770%2C513&quality=80)
![A member of security stands guard at the entrance of the venue hosting the 2023 IMF and World Bank annual meetings in Marrakesh [Fadel Senna/AFP]](https://www.aljazeera.com/wp-content/uploads/2023/10/33XR79P-highres-1696843967.jpg?resize=770%2C513&quality=80)
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World Bank cuts 2024 global growth forecast as rate hikes bite
Two-thirds of developing economies will see lower growth than in 2022, dealing a major setback to pandemic recovery.
World Bank’s new chief asks staff to ‘double down’ on development
Ajay Banga told employees his vision was ‘to create a world free from poverty on a livable planet’.
World Bank gives Mozambique $150m for Cyclone Freddy recovery
Part grant, part loan, the money is drawn from the bank’s existing projects for Mozambique.
World Bank elects US nominee Ajay Banga president
He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.
From: Counting the Cost
Can the World Bank’s new president fix the institution?
World leaders are pushing for ‘fundamental’ reform of the World Bank to better tackle climate change.
Published On 15 Apr 2023
World Bank says $411bn cost to rebuild war-torn Ukraine
World Bank said the figure of $411bn over the next 10 years should be considered a minimum as the war continues.
Biden’s pick for World Bank president can’t fix its crisis
Instead of curbing poverty, as its mission outlines, the bank entrenches inequality. Its US-led governance is to blame.
Russia considering challenge to US nominee to head World Bank
Moscow consulting with allies about challenging ex-Mastercard CEO Ajay Banga, Russian media report says.
India’s Modi asks G20 finance heads to focus on ‘most vulnerable’
Financial viability of many countries is being threatened by unsustainable debt, Indian PM says at two-day G20 meeting.
US nominates ex Mastercard CEO Ajay Banga to head World Bank
India-born Banga has close ties to emerging markets, useful to the Bank which wants to help them on pressing problems.
