World Bank News

Vietnam's Economic Horizon: World Bank Predicts 5.8% GDP Growth in 2025 Amid Global Trade Shifts

The World Bank forecasts Vietnam's GDP growth at 5.8% in 2025, highlighting its exposure to global trade shifts. Despite financial sector vulnerabilities and external risks, povert...

India's Remarkable Achievement: 171 Million Escaped Extreme Poverty in a Decade, Reports World Bank

India has lifted 171 million people out of extreme poverty between 2011-12 and 2022-23, according to the World Bank. The country's extreme poverty rate dropped from 16.2% to 2.3%, ...

How Energy Abundance Fuels Economic Growth: Insights from Treasury Secretary Scott Bessent

U.S. Treasury Secretary Scott Bessent advocates for energy abundance to spur economic growth, praises World Bank's openness to nuclear energy, and calls for technological neutralit...

Bessent Advocates for Global Economic Fairness: 'America First' Doesn't Exclude International Collaboration

US Treasury Secretary Scott Bessent emphasizes that 'America first' aims for fairness in global economics, advocating for collaboration and reform in international trade and organi...

Revolutionizing Global Energy: How Abundance Fuels Economic Growth and Innovation

U.S. Treasury Secretary Scott Bessent emphasizes the critical role of energy abundance in driving economic growth, applauds the World Bank's move towards nuclear energy, and calls ...

Treasury Secretary Scott Bessent Advocates for Energy Diversity to Fuel Global Economic Growth

US Treasury Secretary Scott Bessent emphasizes the link between energy abundance and economic growth, applauds the World Bank's support for nuclear energy, and calls for technologi...

Treasury Secretary Scott Bessent Champions Nuclear Energy for Global Economic Growth

U.S. Treasury Secretary Scott Bessent advocates for nuclear energy and technological neutrality in global energy investments to spur economic growth, following the World Bank's upd...

World Bank: India Aims for 7.8% Growth Rate to Achieve Developed Nation Status by 2047

A World Bank report highlights India's need for a 7.8% growth rate over the next 22 years to become a developed nation by 2047, emphasizing bold reforms and strategic investments i...

India Poised to Remain the World's Fastest-Growing Major Economy, Says World Bank

The World Bank forecasts India's economy to grow at 6.5% this year, maintaining its position as the fastest-growing major economy. Despite global challenges, steady expansion in se...

How India's Digital Leap is Fueling Entrepreneurship and Boosting Business Incomes

India's digital advancements are driving entrepreneurship, income generation, and social mobility, particularly benefiting small vendors and economically underdeveloped regions, ac...

Unlocking India's Economic Potential: A Path from 6% to 8% Growth

World Bank chief economist Indermit Gill discusses India's potential to increase its economic growth rate from 6% to 8%. Highlighting India's demographic advantages, low private se...

Myanmar's Economy Faces Severe Contraction Amid Floods and Conflict, World Bank Warns

The World Bank predicts Myanmar's economy to shrink by 1% in the current fiscal year due to severe floods and ongoing conflict. The country's economy has been struggling since the ...

Typhoons Slow Philippine GDP Growth, but Future Looks Promising: World Bank

The Philippine economy is expected to grow more slowly than first thought this year after the country was hit by a series of typhoons but should be more robust in 2025 and 2026, th...