World Bank estimates Venezuela earthquakes caused $19.6bn in damage
Report says 47 percent of physical damage from pair of earthquakes impacted residential buildings.
![A stage director looks on at the IMF/World Bank Annual Fall Meetings [File: Andrew Caballero-Reynolds/AFP]](/wp-content/uploads/2025/05/000_1LJ3WM-1747423346.jpg?resize=770%2C513&quality=80)
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More than $50bn needed to rebuild Gaza after Israel’s war on enclave
Researchers conclude that $53.2bn is needed for extensive reconstruction and recovery efforts over the next 10 years.
Russia-Ukraine war: List of key events, day 1,003
These were the key developments on the 1,003rd day of the Russia-Ukraine war.
EXPLAINER
US Election 2024: How does the US measure up to the rest of the world?
The US has the largest economy in the world, the highest healthcare costs and the biggest military budget.
Poverty in Lebanon more than tripled in past decade: World Bank
Report shows country has slid into a protracted financial crisis, with Syrian refugee population hit particularly hard.
Lula faces numerous challenges as Brazil assumes G20 presidency
Lula also takes over at a time of bitter internal divisions in the group, legacy of outgoing president Narendra Modi.
IMF, World Bank hold meetings in Morocco weeks after devastating quake
The financial international institutions are holding a summit in the earthquake-hit North African country.
![A member of security stands guard at the entrance of the venue hosting the 2023 IMF and World Bank annual meetings in Marrakesh [Fadel Senna/AFP]](/wp-content/uploads/2023/10/33XR79P-highres-1696843967.jpg?resize=770%2C513&quality=80)
World Bank cuts 2024 global growth forecast as rate hikes bite
Two-thirds of developing economies will see lower growth than in 2022, dealing a major setback to pandemic recovery.
World Bank’s new chief asks staff to ‘double down’ on development
Ajay Banga told employees his vision was ‘to create a world free from poverty on a livable planet’.
World Bank gives Mozambique $150m for Cyclone Freddy recovery
Part grant, part loan, the money is drawn from the bank’s existing projects for Mozambique.
World Bank elects US nominee Ajay Banga president
He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.
