Saudi and Qatari payments settle Syria’s arrears, allowing World Bank and IMF to re-engage.
![A stage director looks on at the IMF/World Bank Annual Fall Meetings [File: Andrew Caballero-Reynolds/AFP]](https://www.aljazeera.com/wp-content/uploads/2025/05/000_1LJ3WM-1747423346.jpg?resize=570%2C380&quality=80)
Researchers conclude that $53.2bn is needed for extensive reconstruction and recovery efforts over the next 10 years.
These were the key developments on the 1,003rd day of the Russia-Ukraine war.
The US has the largest economy in the world, the highest healthcare costs and the biggest military budget.
Report shows country has slid into a protracted financial crisis, with Syrian refugee population hit particularly hard.
Lula also takes over at a time of bitter internal divisions in the group, legacy of outgoing president Narendra Modi.
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]](https://www.aljazeera.com/wp-content/uploads/2023/10/33XR79P-highres-1696843967.jpg?resize=270%2C180&quality=80)
Two-thirds of developing economies will see lower growth than in 2022, dealing a major setback to pandemic recovery.
Ajay Banga told employees his vision was ‘to create a world free from poverty on a livable planet’.
Part grant, part loan, the money is drawn from the bank’s existing projects for Mozambique.
He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.
World leaders are pushing for ‘fundamental’ reform of the World Bank to better tackle climate change.
World Bank said the figure of $411bn over the next 10 years should be considered a minimum as the war continues.
Instead of curbing poverty, as its mission outlines, the bank entrenches inequality. Its US-led governance is to blame.
