A World Bank insider, speaking on condition of anonymity, suggested the figure for the missing money “could be twice or 10 times more.” “All the figures are routinely made up,” the source ...

By Ben Aris in Berlin Russia is considering the use of $300bn in frozen assets held in Europe to help rebuild Ukraine, but ...

Former Commerce Secretary Wilbur Ross said Elon Musk’s Department of Government Efficiency — the cost-slashing body known as DOGE — should train its sights on the World Bank after it was ...

Fees for wiring money often take up to 7 percent of the value of a transaction, and the World Bank estimates that cutting fees to 2 percent could give a $16 billion a year boost to remittances to ...

if only because the United States is the World Bank’s biggest contributor and holds outsize sway over who runs the institution. For now, the bank has enough money in its development aid pot to ...