The World Bank
Recent News About The World Bank
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Summit aims for electricity access expansion across Africa by 2030
African leaders and partners are set to gather in Dar es Salaam, Tanzania, for the Mission 300 Africa Energy Summit.
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World Bank funds new project to enhance Burkina Faso's healthcare system
The World Bank has approved a €142 million credit and a $17 million grant to support Burkina Faso's health system.
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World Bank funds bridge resilience project in Fiji benefiting over half a million people
A new initiative by the World Bank aims to enhance the resilience of key infrastructure in Fiji, focusing on four major bridges on Viti Levu.
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World Bank approves $1.6 billion for West African power market integration
The World Bank has approved a significant investment program aimed at improving regional power system integration and energy security in West Africa.
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Senegal advances towards universal electricity access amid transformative changes
Khady, a student from Ndorong Serere, Senegal, now studies under the glow of an electric lamp.
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Ethiopia's electrification program transforms rural lives with new solar mini-grids
In the remote Ethiopian village of Tum, located near the South Sudan border, Meskerem Tadesse's life has changed dramatically with the introduction of electricity.
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World Bank funds $100M project for improved drinking water access in Mali
The World Bank has approved a $100 million credit from the International Development Association (IDA) to assist Mali in enhancing access to drinking water and improving the conservation of water sources in several cities.
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World Bank pledges $200 million aid for Sri Lankan development initiatives
World Bank Vice President for South Asia, Martin Raiser, completed a two-day visit to Sri Lanka on January 22, 2025.
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World Bank supports Armenian job creation with new five-year partnership
The World Bank Group's Board of Executive Directors has approved a new five-year Country Partnership Framework (CPF) for Armenia.
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Solar power transforms healthcare at rural centers in Madagascar
The Mateliona Betafo basic health center in Madagascar has undergone a significant transformation with the installation of solar kits, ending years of operating without electricity.
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Ukraine rebuilds rail network amid ongoing conflict
Ukrainian Railways, known as Ukrzaliznytsia, has played a crucial role in the country's economy since the onset of the conflict with Russia in February 2022.
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World Bank supports expanded power transmission between Zambia and Tanzania
A World Bank-backed initiative, the Zambia-Tanzania Interconnector Project (ZTIP), is set to provide Zambia with enhanced access to sustainable and affordable energy.
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Kosovo secures World Bank funding for financial sector and transport projects
The World Bank's Board of Executive Directors has approved financial support for two projects in Kosovo, aimed at enhancing the competitiveness of the private sector and improving connectivity.
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Zambia nears completion of debt restructuring amid ongoing economic challenges
Zambia is on the verge of completing its debt restructuring under the G-20 Common Framework after nearly four years of negotiations with bilateral creditors and international bondholders.
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World Bank warns of weak growth outlook for developing economies
Developing economies, which contribute significantly to global growth, are anticipated to face a challenging economic environment over the next two years.
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Cameroon advances towards affordable universal electricity with Nachtigal Hydropower Plant
In the early hours of the day, Sandrine Nguele, a senior nurse, attends to patients at the medical center in Batchenga.
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World Bank's Emanuel Salinas reflects on achievements and challenges in Albania
In a recent interview with Monitor Magazine, Emanuel Salinas, the outgoing World Bank Country Manager for Albania, reflected on his tenure and the challenges faced by the country.
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World Bank settles with regional warning system over project conduct
The World Bank Group has reached a settlement with the Regional Integrated Multi-Hazard Early Warning System for Africa and Asia (RIMES) concerning conduct related to two projects: the Bhutan Hydromet Services and Disaster Resilience Regional...
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World Bank debars Nigerian firms over corruption charges
The World Bank Group has announced a 30-month debarment for two companies based in Nigeria, Viva Atlantic Limited and Technology House Limited, along with their Managing Director and Chief Executive Officer, Mr. Norman Bwuruk Didam.
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World Bank supports Djibouti with $20 million grant for finance governance
The World Bank has approved a $20 million grant from the International Development Association (IDA) to support Djibouti in enhancing its public finance governance and digital services.