Global

The World Bank will phase out its lending to China by 2031 after years of declining loans, reflecting the country's rise to become the world's second-largest economy, three sources familiar with the plan said on Tuesday. The World Bank's b...

Nearly half of humanity may be affected by a global crisis in housing, according to a new UN report  The study shows shortages of adequate and affordable housing have risen by 30 per cent in just over a decade to more than 268 million...

G7 finance ministers gathering in Paris on Monday will try to find common ground on ​tackling global economic tensions and coordinating critical raw material supplies, even as geopolitical differences threaten to test the group's cohesion....

World food prices rose in April for a third consecutive month, with vegetable oil prices particularly elevated due to disruptions linked to the Iran war, the United Nations Food and Agriculture Organization said on Friday. The FAO Food Pri...

Japan will host the Asian Development Bank’s (ADB) 60th Annual Meeting in Aichi-Nagoya from May 2 to 5, 2027. The event will coincide with ADB’s 60th anniversary, marking six decades of partnership since the bank’s establ...

Heads of multilateral development banks (MDBs) have emphasised closer cooperation to support stability, protect development gains, and address rising pressures across member economies amid heightened global uncertainty, including evolving t...

The Iran war has stalled the world's economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday. The IMF downgraded its forecast for global growth to 3.1% in 2026 from the 3.3%...

Pakistan is considering Eurobonds, loans from other countries and commercial debt to replace a $3.5 billion facility ‌from the United Arab Emirates (UAE) and manage its foreign reserves, its finance minister said. Muhammad Aurangzeb a...

The war in the Middle East will have a cascading impact on the global economy, even if a ceasefire announced by US President Donald Trump takes hold, World Bank President Ajay Banga told Reuters in an interview on Friday. And the damage wi...