The World Bank
Recent News About The World Bank
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World Bank report reveals ongoing challenges for Yemen's economy
Yemen's economy remains under significant strain due to ongoing conflict, institutional fragmentation, and declining external support.
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World Bank approves $819M for irrigation modernization in Türkiye
The World Bank has approved a financing package of $819 million aimed at boosting food production and improving water efficiency for over 550,000 people in Türkiye.
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Madagascar's Great South fights climate challenges with community-led environmental projects
Life in southern Madagascar is challenging, with over 90% of the population living in poverty and relying on farming and fishing.
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Productivity growth slows in East Asia amid technological progress
In recent years, productivity growth in the East Asia and Pacific (EAP) region has experienced a slowdown despite significant technological advancements.
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World Bank approves new project to expand energy access in Sudan
The World Bank Board of Executive Directors has approved the Accelerating Sustainable and Clean Energy and Digital Access Transformation project for Sudan (ASCENT-Sudan).
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Ethiopian school improves conditions for refugee students with clean water initiative
On the outskirts of Asosa, in Ethiopia's Benishangul-Gumuz region near the Sudanese border, Tsore No. 2 Primary School is situated close to a refugee camp.
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World Bank approves $257 million for electricity and irrigation projects in Nepal
The World Bank has approved two significant projects for Nepal, totaling $257 million, aimed at improving electricity distribution and irrigation services.
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World Bank invests $100M in Papua New Guinea's education sector
More than 375,000 children in Papua New Guinea will benefit from a significant new education project aimed at improving classrooms and supporting teachers.
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World Bank funds $200M project to boost Cameroon's infrastructure
The World Bank has approved a $200 million funding initiative for the Sustainable Cities and Land project in Cameroon.
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World Bank introduces new partnership framework focusing on job creation in Liberia
The World Bank Group (WBG) has introduced a new Country Partnership Framework (CPF) for Liberia, aiming to support the creation of more and better jobs by concentrating on four key areas: education, energy access, accountable governance, and...
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World Bank supports capacity building projects in FSM & RMI
Citizens, communities, and businesses in the Federated States of Micronesia (FSM) and the Republic of the Marshall Islands (RMI) are expected to benefit from improved public services through a new World Bank-supported project.
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World Bank reports strong progress on poverty reduction in Bhutan
Bhutan has made significant strides in reducing poverty, with rates dropping from 28% in 2017 to 11.6% in 2022, according to a new report by the World Bank.
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World Bank unveils new framework focusing on jobs and resilience in Nepal
The World Bank's Board of Executive Directors has introduced a new seven-year Country Partnership Framework (CPF) for Nepal, emphasizing job creation and resilience to natural disasters, including those related to climate change.
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Bamako residents see improvements with expanded access to clean drinking water
In the neighborhood of Sabalibougou, Bamako, a new faucet installed in Coulibaly Lamine's house has been providing consistent access to drinking water since 2021.
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Caribbean seeks improvements in water service delivery amid rising expectations
In the Caribbean, despite significant investments in water infrastructure, many communities still face challenges with reliable and responsive water services.
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World Bank backs $42 million project for reliable electricity in Micronesia
Thousands of families in the Federated States of Micronesia (FSM) are set to benefit from a new project aimed at providing more reliable electricity.
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World Bank approves funding for Tunisia's healthcare improvement project
The World Bank has approved $125.16 million in financing, including a $17.16 million grant from the Pandemic Fund, to support Tunisia's health system through the Tunisia Health System Strengthening Project.
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World Bank approves $219.8 million credit for Mali's road infrastructure improvement
The World Bank has announced the approval of a $219.8 million credit from the International Development Association (IDA) to assist Mali in enhancing its road infrastructure.
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World Bank and KfW collaborate on resilient recovery in Mozambique
In the aftermath of Cyclones Idai and Kenneth in 2019, Mozambique faced significant challenges as it sought to recover from the widespread devastation.
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World Bank debars Philippine firm over collusion in development project
The World Bank Group has announced a 4.5-year debarment of L.S.D. Construction & Supplies, a construction company based in the Philippines.