World Bank News


World Bank Seeks Outside Investigator to Look Into Inquiry

The World Bank said Thursday that it would seek “an outside firm” to look at the work of the bank’s ombudsmen regarding an inquiry into sexual abuse allegations at schools in Kenya.

1 min read17 May 2024

Cut Aid for Livestock Farms to Help Climate Fight, World Bank Says

Wealthy nations should reduce financial support for livestock farming to help tackle pollution caused by consuming red meat and dairy, according to the World Bank.

2 min read7 May 2024

Battery storage to EV finance: What World Bank’s $1bn for SBI will support

This funding comes at a crucial time where the global crude oil supply might be under duress after various conflicts in the Middle East

2 min read17 Apr 2024

World Bank sees more gradual decline in remittances due to virus

Remittances to low- and middle-income countries will fall 7.2% in 2020Europe and Central Asia will take the biggest hit in 2020, with remittances expected to drop 16%

1 min read29 Oct 2020

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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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