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Saudi Arabia and Qatar announce they will pay Syria's outstanding debt of $15 million to the World Bank that the country accumulated throughout its civil war from 2011, allowing Syria to work towards post-war recovery and reconstruction, which is estimated to cost at least $400 billion.
2025-04-27

The World Bank approves $1 billion for the construction of the Dasu Dam in northwest Pakistan.
2024-06-11

The World Bank's board of governors elects American business executive Ajay Banga as the next President of the World Bank Group.
2023-05-3

The World Bank suspends all programs in Russia and Belarus in response to the invasion of Ukraine.
2022-03-2

The United Nations Economic Commission for Africa warns that the effects of the pandemic on Africa's economy could push the number of "extremely poor" Africans to 514 million people. The World Bank also announced a recession as the economies of African countries continue to shrink.
2021-12-24

Sudanese Finance Minister Ibrahim el-Badawi says Prime Minister Abdalla Hamdok is to ask the World Bank for US$2 billion. Sudan has been unable to do business with either the World Bank or the International Monetary Fund because it is featured on the United States' State Sponsors of Terrorism list. The US Congress is unlikely to remove Sudan before next year, el-Badawi further announces, saying he has been told the process is complicated.
2019-09-24

The World Bank estimates that 9.6 percent of the world’s population is living in extreme poverty this year, down from 12.8% in 2012. The bank also updated its global poverty line from $1.25 per day to $1.90 per day to reflect inflation and changes in purchasing power around the world; it was last adjusted in 2008.
2015-10-5

The World Bank states that the Philippines can end poverty in a single generation.
2015-01-15

U.S. President Barack Obama nominates current President of Dartmouth College Jim Yong Kim to be head of the World Bank.
2012-03-23

Robert Zoellick, the President of the World Bank, claims that the world economy has entered the "danger zone", with the United States, European Union and Japan having to make tough decisions.
2011-09-14