The World Bank
Recent News About The World Bank
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World Bank backs climate initiatives across East Asia-Pacific region
The East Asia and Pacific (EAP) region, known for its vulnerability to climate-related extreme weather events, plays a crucial role in global climate change efforts.
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Senegal urged to prioritize climate action for economic growth
A recent report by the World Bank Group emphasizes the economic and social advantages of climate action in Senegal, aligning with its Vision 2050 development plan.
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Senegal faces hurdles in balancing growth with climate challenges
Climate change presents significant challenges to Senegal's development, according to a recent report.
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Dominican farmer rebuilds after Hurricane Maria with support from resilience project
Helen Charles, a farmer from Dominica, has embarked on a journey of recovery and resilience after Hurricane Maria devastated her family farm in 2017.
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World Bank report highlights Guinea-Bissau's challenges amid natural wealth
Guinea-Bissau possesses significant natural resources, boasting the highest natural capital per capita in West Africa.
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Western Balkans seek resilience against climate change with strategic urban planning
The Western Balkans face increasing challenges from climate change, with extreme weather events becoming more frequent since the 2000s.
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World Bank launches second phase of job-creating infrastructure project in Solomon Islands
A new phase of the World Bank's Community Access and Urban Services Enhancement Project II (CAUSE II) is set to create 120,000 labor days and provide employment for 15,000 individuals in the Solomon Islands.
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World Bank considers support for DRC's transformative Inga hydropower project
The Democratic Republic of Congo (DRC) is exploring the potential of its Inga hydropower site, which could transform the nation's energy landscape.
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Guinea-Bissau urged to strengthen institutions for climate resilience
Strengthened institutional and financial systems are vital for fostering climate resilience and sustainable development in Guinea-Bissau, according to the newly launched Country Climate and Development Report (CCDR).
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World Bank partners with SECO on $5 million grant for Vietnam's urban development
The Swiss government and the World Bank have formalized an agreement to foster sustainable urban development in Viet Nam through a $5 million grant.
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World Bank shifts focus towards resilience-building in Latin America's health sector
The World Bank is transitioning its focus in Latin America and the Caribbean from immediate crisis response to building resilient health systems.
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World Bank supports Samoa's digital growth with $20M grant
A new initiative by the World Bank aims to support digital transformation in Samoa with a grant of $20.05 million.
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Salvador Social Project improves access to services for vulnerable populations
In Salvador, Brazil, the city's vulnerable and impoverished populations are a visible presence across various neighborhoods and tourist attractions.
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Pandemic Fund secures $2.8 billion for pandemic preparedness
The Pandemic Fund has announced a significant mobilization of resources, securing US$2.8 billion in new international financing over the past three months to enhance pandemic prevention, preparedness, and response capabilities in low- and...
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World Bank launches $593M program supporting Ukrainian SMEs amid ongoing conflict
The World Bank has announced a new initiative to bolster Ukraine's private sector.
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Education Finance Watch reports stagnant global spending per child despite overall increase
The latest Education Finance Watch (EFW) 2024 report, a collaborative effort by the World Bank and UNESCO, highlights a decade-long increase in global education spending.
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World Bank: Migration policies crucial for Europe's economic growth amid aging populations
A recent report by the World Bank emphasizes the growing importance of migration in fostering economic growth, enhancing competitiveness, and addressing inequalities in Europe and Central Asia.
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World Bank warns of worsening economic crisis in Yemen amid ongoing conflict
Yemen's economy is facing severe challenges as the ongoing conflict, political division, and rising regional tensions worsen the humanitarian and economic crisis.
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World Bank approves €635.5M package to boost Benin’s growth
The World Bank has approved a €635.5 million financing package through the International Development Association (IDA) to support Benin's efforts in strengthening private sector-led growth, boosting domestic revenue collection, and enhancing...
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World Bank releases report on managing successful migration in Europe and Central Asia
The World Bank has released a report titled "The Journey Ahead: Supporting Successful Migration in Europe and Central Asia," which delves into migration trends within the region and their implications for policymaking.