The World Bank's board has agreed to end a longstanding ban on funding nuclear energy projects in developing countries as part of a broader push to meet rising electricity needs, the bank's president Ajay Banga said on Wednesday.

The decision, a major reversal, could help poorer nations industrialize, cut planet-warming emissions and boost U.S. competitiveness on next-generation reactors.

The World Bank said the U.S. economy in 2025 will grow 1.4 percent, 0.9 percentage points slower than its January forecast. It also called for all nations to reduce tariffs.

The U.S. economy is likely to grow just 1.4% this year, half the rate recorded in 2024, as a result of President Trump's tariff policies, the World Bank said. + The new forecast compares to the 2.3% rate it had projected in January.

Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.

The Pentagon estimated the troop deployment to L.A. will cost $134 million. The World Bank called for lower, equitable tariffs. What happened: The top economists at the World Bank called on the U.S. and its trading partners to reduce their tariffs to levels typically imposed by the U.S.

The World Bank said it has had to sharply lower its global growth forecasts because of President Trump’s blizzard of tariffs to try to help right the situation and amid the ongoing

The World Bank is set to slash Nigeria's loan request after key agencies, the FIRS and Customs, failed to meet key international auditing standards.