Commodity prices forecast to rise by 16% this year, fueling inflation and slowing growth

WASHINGTON, April 28, 2026—Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group’s latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in 2026, driven by soaring energy and fertilizer prices and record-high prices for several key metals.

Two new IDA grants will improve water and health service delivery to 4.5 million Syrians across the country

WASHINGTON, April 23, 2026 – The World Bank Board of Executive Directors approved today US$225 million in grant financing from the International Development Association (IDA) to support Syria to enhance the delivery of public services in its water and health sectors. The approved financing package spans two new projects aimed at improving people’s lives by securing reliable access to water and sanitation and improving access to quality health services. Both projects are expected to benefit about 4.5 million Syrians across the country.

Washington, D.C, April 20, 2026 – The World Bank’s Board of Executive Directors has approved the new Belize Early Childhood Development and Female Empowerment Project, which will generate opportunities for women and future generations by boosting women’s employment and expanding the access of quality, inclusive early childhood education.