Three firms, including two based in Kenya, have been banned from all World Bank-financed projects for 21 months over fraud and collusion in a Ksh149.8 billion electricity scheme.

The World Bank has barred PricewaterhouseCoopers LLP network affiliates in Mauritius, Kenya and Rwanda from providing professional services for projects it finances for 21 months.

The bank published a report in 1993 which helped disparage industrial policy. Governments were instead encouraged to let markets operate without direction or barriers.

By Colleen Goko JOHANNESBURG, March 18 (Reuters) - The World Bank is working with Mozambique to tackle the country's mounting debt challenges, a senior bank official said, as its borrowing costs surge ...

DHAKA, November 12, 2025: In light of recent reports of fraudulent activities misusing the World Bank’s name and logo in Bangladesh, the World Bank is alerting general public of scams offering loans ...

As a growing number of countries look to strengthen their domestic energy production, meet baseload power generation needs, and manage low-carbon climate goals, they’re increasingly looking to nuclear ...

VIENTIANE: The World Bank has reaffirmed its commitment to supporting Laos' development efforts, while commending the country's progress in implementing its National Socio-Economic Development Plans a ...

The World Bank Group, through the International Finance Corporation (IFC), has invested RM60 million as a cornerstone investor in Sunway ...

International Monetary Fund (IMF) Managing Director Kristalina Georgieva delivers remarks ahead of the annual IMF-World Bank fall meetings, at the Milken Institute in Washington, D.C., U.S., October 8 ...