World News by Wild Rose

A country need not run out of money to find itself in a debt crisis. It only has to run short of US dollars to pay for its energy. At the recent International Monetary Fund-World Bank annual meetings in Bangkok, the IMF, which expects global economic growth of 3.1 per cent this year and 3.4 per cent the next, cautioned that energy-importing and lower-income economies face a harder road, even as those riding the artificial intelligence boom fare relatively well. According to the World Bank’s...

The World Bank's October report says Nigeria paid about US$494.7 million to 10.46 million poor households and urges a regular, budget-funded safety net. The post Nigeria Cash Aid Reaches 10.5m Households appeared first on The Rio Times.

Lebanon's economic crisis has dragged on since 2019. A re-igniting of Israel's war with Hezbollah derailed the weak recovery seen last year. The World Bank now forecasts that the Lebanese economy will shrink by 6.4 percent this year, with inflation expected to reach around 17.5 percent. A growing divide is visible everywhere: in households, in businesses and even in consumer habits. Our correspondents Serge Berberi and Renée Davis report.

Coconut farmer Sombat Chuekrod travelled more than 200km (120 miles) to join hundreds on the streets of Bangkok on Friday demanding that the International Monetary Fund (IMF) and World Bank change how they deal with the developing world. Finance ministers, central bank governors and other top policymakers gathered this week in the Thai capital for the IMF-World Bank Annual Meetings, as decision makers tackle an inflation crisis fuelled by the Iran war and other economic shocks. The message from...

The World Bank could loan Venezuela as much as $5 billion over the next two years, as the country resumes relations with the Washington-based lender, a top official said.

Hundreds of protesters marched through Bangkok on Thursday, 15 October, in opposition to the annual meetings of the International Monetary Fund and World Bank being held in the Thai capital.

Bank of Thailand Deputy Governor Piti Disyatat says the central bank will normalize rates at its own pace as the economy remains resilient. He spoke on the sidelines of the IMF-World Bank Annual Meetings in Bangkok. (Source: Bloomberg)

Tokyo, Oct. 12 (Jiji Press)--Japanese Finance Minister Satsuki Katayama will become the next chair of the joint ministerial committee of the World Bank and the International Monetary Fund, Prime Minister Sanae Takaichi announced on Monday. Katayama will be the first Japanese national to chair the joint committee, also known as the Development Committee, since its establishment in 1974. T...

Stephanie von Friedeburg, Head of the Public Sector Group at Citi, discusses the issues that are top of mind for governments and central banks. She speaks with Avril Hong on the sidelines of the IMF and World Bank Annual Meetings in Singapore. (Source: Bloomberg)

The US-Israel war on Iran and its inflationary impact will dominate the agenda.

The World Bank now expects Guyana’s economy to grow 23.7% in 2026, the region’s fastest rate. Oil drives the boom, and critics warn about dependence. The post World Bank Lifts Guyana Growth to 23.7% appeared first on The Rio Times.

Peru foreign players explained: Chinese port and power owners, US and European miners, IMF and World Bank ties, US security links and the diaspora. The post Foreign Powers and Investors in Peru 2026 appeared first on The Rio Times.

The World Bank raised its 2026 Paraguay growth forecast to 4.7%, over twice Latin America's 2.2%, citing security, fiscal discipline and investment. The post Paraguay Growth Forecast Raised to 4.7% by World Bank appeared first on The Rio Times.

Mexico's economy should grow 1.4% in 2026, the World Bank forecast on Tuesday, a small upgrade as policy uncertainty and trade friction weigh on investment. The post World Bank Lifts Mexico Growth Forecast to 1.4% appeared first on The Rio Times.

The World Bank cut Argentina's 2026 growth forecast to 2.1% from 3.6% on 6 October but still sees three straight years of growth. The post World Bank Cuts Argentina Growth Forecast to 2.1% appeared first on The Rio Times.

Sub-Saharan Africa’s economic growth will accelerate slightly this year despite headwinds from the Iran war, the World Bank said.

Bangkok is preparing for possible flooding as more than 15,000 delegates are due to arrive for the annual meetings of the International Monetary Fund and World Bank Group. The Thai capital could receive about 50mm (two inches) of rain a day from October 11-13, coinciding with the start of the week-long gathering of finance ministers, central bankers, executives and other delegates from the institutions’ 191 member countries, according to Surapong Sarapa, the Meteorological Department’s head of...

Kenya needs to lower the cost of electricity, create a more stable tax environment and undertake other reforms to attract private-sector investment and create jobs, according to the World Bank.