30 articles
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
Eskom is seeking World Bank funding for a new 5,200 MW nuclear program to diversify South Africa's energy mix away from coal.
Oil prices fell amid stalled US-Iran peace talks and blockade concerns, compounded by the UAE's surprise exit from OPEC. The World Bank projects energy prices to surge 24% this year due to Middle East
The World Bank forecasts a 24% surge in energy prices and 31% increase in fertilizer costs by 2026 due to Middle East war disruptions. These shocks threaten global food security and economic growth in
The World Bank predicts global commodity prices will rise 16% this year due to Iran war disruptions to oil and metals. Fertilizer costs are projected to jump 31%, potentially pushing 45 million more p
France and World Bank shareholders aim to preserve the climate financing strategy despite U.S. pressure to resume fossil fuel lending. Negotiations continue amid global energy shocks and debates over
U.S. Treasury Secretary Scott Bessent criticized IMF and World Bank inflation forecasts driven by Middle East war energy spikes, asserting U.S. resilience while noting the World Bank's policy shift on
Major international bodies warned against energy hoarding and export restrictions amid a severe Middle East conflict, citing the biggest energy market shock ever. Oil prices exceeded $100/barrel, driv
Nigeria plans to seek IMF and World Bank support as the Iran conflict drives fuel costs up, complicating economic reforms. Finance Minister Edun noted petrol prices rose over 50% while crude prices cl
Leaders from the IEA, IMF, and World Bank will convene to address the global energy crisis stemming from tensions in the Strait of Hormuz, potentially offering financing and policy support amid severe
The World Bank warns that the Iran conflict will stifle Africa's economic recovery, cutting 2026 growth forecasts and spiking inflation due to surging oil and fertilizer prices.
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