Finance ministers from more than a dozen countries have warned that the ongoing Middle East conflict will continue to affect global growth, inflation, and financial markets—even in the event of a lasting resolution.

The 2029 Annual Meetings of the World Bank Group and the International Monetary Fund will be held in Abu Dhabi, United Arab Emirates, in October 2029, following a vote by the Boards of Governors of both institutions.

Economic growth across the Western Balkans is expected to strengthen over the next two years, supported by rising exports and increased public investment, according to a new outlook from the World Bank.

The World Bank Group has approved 135 million U.S. dollars in financing for Senegal to strengthen its health system and expand financial protection for vulnerable populations, according to a statement released on Thursday.

The World Bank on Monday revised upward its estimate for the cost of rebuilding Ukraine, placing total reconstruction needs at $588 billion as of the end of last year — up from $524 billion in its previous assessment.

Sri Lanka has decided to obtain Special Drawing Rights (SDR) financing equivalent to $50 million from the World Bank Group to implement the Digital Transformation Project, the government’s Information Department announced.

The World Bank has signalled strong support for Azerbaijan’s growing role as a key regional connectivity hub, following a high-level mission to Baku.

The World Bank is reviewing a $15 million project aimed at reducing gas leaks across Azerbaijan’s gas distribution network operated by Azerigas, a subsidiary of SOCAR.