40 articles
The World Bank forecasts a 23% surge in global commodity prices in 2026 due to Middle East conflicts and supply disruptions. Energy, food, and metal prices are projected to hit record highs, threateni
The World Bank forecasts a 32% jump in energy prices and 25% rise in metals due to supply disruptions, alongside an 18% cumulative food price increase. Global oil consumption is expected to contract b
A World Bank report estimates $11.4 billion in investment is needed over four years to expand off-grid solar access to hundreds of millions. Usage rose 26% to 149 million people by 2025, underscoring
World Bank President Ajay Banga announced a plan to quintuple critical minerals financing to $19 billion over fiscal 2026-2030. The initiative targets partnerships with 20 countries while adopting a p
US Treasury Secretary Scott Bessent urged World Bank reforms to finance upstream oil and gas and deep-sea critical minerals mining. The proposal also includes nuclear energy assistance and procurement
IMF and World Bank officials gather in Bangkok amid Middle East tensions impacting global energy and fertilizer markets. Rising oil prices and debt burdens threaten economic stability, prompting discu
The IMF and World Bank annual meetings in Bangkok address high energy costs and geopolitical tensions, while Chinese exports of solar cells and lithium-ion batteries surge despite domestic demand issu
Kenya will deploy $400 million in World Bank emergency funds to subsidize fertilizers, seeds, and essential medicines amidst rising commodity prices and climate shocks. The program aims to stabilize a
The World Bank warns East Asian economies risk depleting reserves subsidizing fuel amid persistent oil price shocks from the US-Iran conflict. Higher energy costs threaten regional growth and manufact
Nigeria's sovereign wealth fund has commercially launched a $300 million Distributed Renewable Energy Fund backed by the World Bank to scale off-grid power access across Africa by 2030.
The World Bank reported a record $112 billion in private capital mobilization, highlighting a $2.5 billion financing package for a Rio Tinto lithium project in Argentina to support energy transition e
The Gagasi offshore wind project stalled pending turbine redesign, while a World Bank study estimates 95 gigawatts of potential capacity in South Africa.
IMF and World Bank forecast global growth amid rising energy costs, projecting Brent crude at $100/barrel, while AI exports offset risks for Asian economies facing inflation and supply chain disruptio
The World Bank estimates $19.6 billion in physical damage from recent Venezuelan earthquakes, while oil output remains stable and the state-owned Pequiven petrochemical complex has restarted operation
World Bank chief economist warns escalating US-Iran hostilities could reduce global growth to 1.3% and disrupt supply chains for critical agricultural inputs like fertilizer, helium, and sulphur.
The World Bank lowered Kenya's GDP growth forecast to 4.3% for 2026, citing higher global energy and commodity prices caused by Middle East conflicts as key risks.
The World Bank forecasts Kenya's economic growth will reach its lowest point since the pandemic, driven by rising crude and fertilizer prices amid regional conflict. Higher energy costs and political
The World Bank approved $265 million for Morocco's Ifahsa pumped hydropower storage project to boost renewable energy integration and reduce fossil fuel reliance. This approval occurred shortly after
The World Bank approved a $1.25 billion development loan for Nigeria to fund energy access, agriculture support, and economic reforms including fuel subsidy removal.
WeLight secured €27 million from the World Bank's IFC to expand solar mini-grids into Nigeria and the DRC, targeting millions without electricity access.
Global gas flaring hit a six-year high in 2025 driven by Russia and Iran, wasting $54 billion and hindering the Zero Routine Flaring by 2030 initiative. World Bank data highlights infrastructure and r
Global gas flaring by fossil fuel producers rose 6% in 2025 to 167 billion cubic meters, releasing over 500 million tons of greenhouse gases per World Bank data. Russia, Iran, and Iraq accounted for h
The World Bank and AfDB report Mission 300 has connected over 50 million people to electricity across 40 nations, targeting 300 million by 2030 with $90 billion in financing. The program aims to boost
The World Bank forecasts global growth will drop to 2.5% this year due to Middle East conflicts and rising inflation. Additionally, average fertilizer prices are projected to surge by 38% amid supply
The World Bank cut its 2026 global growth forecast to 2.5% amid Middle East war risks, warning energy disruptions could lower it to 1.3%. Rising oil and fertilizer prices threaten inflation and food s
The World Bank cut its 2026 global growth forecast to 2.5% due to Middle East conflict disrupting commodity flows and raising energy costs. With Brent crude projected at $94 per barrel, the bank warns
IMF and World Bank warn that Middle East conflicts are disrupting global energy supply chains, driving up oil, chemical, and fertilizer prices. This escalation threatens both energy stability and glob
IEA, IMF, World Bank, and WTO warn that Middle East conflict disrupting Hormuz Strait shipping risks global energy shortages this summer, alongside rising fertilizer prices threatening food security.
Global economic institutions warned that Middle East conflicts are straining energy supplies and raising fuel and fertilizer prices, posing risks to fuel security and vulnerable economies ahead of pea
World Bank data shows global carbon pricing revenue hit $107 billion in 2025, with average prices doubling to $21 per ton across 87 policies. New systems in India, Japan, and Vietnam further expand co
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