The World Bank
Recent News About The World Bank
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Thailand projects steady economic recovery through private consumption tourism goods exports
The economy of Thailand is projected to recover in 2024, supported by sustained private consumption as well as a recovery in tourism and goods exports. Growth is expected to accelerate from 1.9 percent in 2023 to 2.4 percent in 2024, and further reach 2.8 percent in 2025, driven by both domestic and external demand. This outlook is bolstered by the revised fiscal budget proposal for fiscal year 2025 and anticipated acceleration in budget execution following significant delays earlier this year.
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Ethiopian delegation learns sustainable practices from Uruguayan livestock industry
Ethiopia, leading Africa in livestock numbers with 70.3 million cattle, 95.4 million sheep and goats, and 8.1 million camels, combines mixed farming in the highlands with extensive livestock farming in the lowlands. However, both systems face climate risks such as droughts and floods and struggle with low productivity due to diseases and poor practices.
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Mozambique launches nationwide free-ID campaign with support from World Bank
Isac, a 13-year-old boy from Homoíne district in Inhambane province, southern Mozambique, dreams of becoming a nurse. Until recently, his aspirations were hindered by the lack of a legal identity document (ID), which prevented him from enrolling in school. Instead, he spent his days collecting and selling wood for food. “If I were to get an ID today, I would go back to school and achieve my dream of becoming a nurse and healing people,” he said.
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World Bank report highlights systemic gender inequality challenges in Croatia
ZAGREB, July 2, 2024 – A new World Bank analysis presented today reveals that Croatia remains among the lowest-ranked EU countries for overall gender parity. Despite adopting European Union (EU) standards in gender equality, significant systemic issues persist, resulting in notable gender gaps across six areas: work, money, knowledge, time, power, and health.
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Policy recommendations aim to tackle systemic gender inequality in Croatia
In Croatia, the subject of gender equality has gradually moved from the fringes to the forefront of public discourse, reflecting both global trends and local imperatives. As of 2023, Croatia was still among the lowest-ranked EU countries for overall gender equality. Although Croatia’s overall Gender Equality Index score has improved over the past decade, domain-specific scores offer a more granular view of the remaining challenges.
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World Bank appoints Anna Akhalkatsi as new country director for European Union
Anna Akhalkatsi has been appointed as the World Bank’s new Country Director for the European Union, based in Brussels. In her new role, Ms. Akhalkatsi will lead the Bank's dialogue with EU client countries and institutions, overseeing operational and knowledge engagement with governments, stakeholders, and partners to advance their development objectives. She will work closely with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) to enhance the World Bank Group’s engagement with the private sector.
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Stefano Mocci appointed as new World Bank Group manager for Fiji
SUVA, July 1, 2024 – Stefano Mocci has been appointed as the World Bank Group Country Manager for Fiji, a role that aims to unify country-level leadership to better support the nation’s public and private sector priorities. This newly created position will provide a single point of contact for accessing the full range of World Bank Group products and services, enhancing the institution's ability to address global challenges and drive development with speed, efficiency, and impact.
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Khwima Nthara assumes role as World Bank's PNG country manager
Port Moresby, July 1, 2024 – Starting today, Mr. Khwima Nthara becomes the World Bank Group Country Manager for Papua New Guinea (PNG), a position that will unify country-level leadership across the institution to better support PNG’s public and private sector priorities. This newly created position provides a single point of contact for access to the full breadth of World Bank Group products and services and will enhance the institution's ability to address global challenges and drive development with speed, efficiency, and impact.
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World Bank appoints Jason Allford as special representative for South Korea
Seoul, July 1, 2024 – Jason Allford has been appointed as the World Bank Group Special Representative for the Republic of Korea. This newly created position aims to unify country-level leadership across the institution to better support Korea’s public and private sector priorities. The role provides a single point of contact for access to the full range of World Bank Group products and services, enhancing the institution's ability to address global challenges and drive development with speed, efficiency, and impact.
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Zafer Mustafaoglu appointed new country director at World Bank
The World Bank has announced the appointment of economist Zafer Mustafaoglu as Country Director for the Philippines, Malaysia, and Brunei Darussalam, effective July 1, 2024.
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Gevorg Sargsyan named new World Bank Group Country Manager for Sri Lanka
Starting today, Gevorg Sargsyan assumes the role of World Bank Group Country Manager for Sri Lanka. This newly created position aims to unify country-level leadership across the institution, enhancing support for Sri Lanka’s public and private sector priorities. The role offers a single point of contact for accessing the full range of World Bank Group products and services, thereby improving the institution's ability to address global challenges and drive development with greater speed, efficiency, and impact.
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World Bank approves $700M investment for human capital enhancement in Jordan
The World Bank Group has approved two new programs to strengthen Jordan’s human capital through targeted investments in education, health, and social assistance. With a combined financing of $700 million, the Jordan Human Capital Program and the Jordan: Modernizing Education, Skills, and Administrative Reforms (MASAR) Program aim to drive sustainable and inclusive growth, enhance education quality, and better equip youth with skills for future jobs.
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World Bank appoints Inguna Dobraja as new manager for Moldova
Chisinau, July 1, 2024 – Starting today, Inguna Dobraja becomes the World Bank Group Country Manager for Moldova, a position that will unify country-level leadership across the institution to better support Moldova’s public and private sector priorities. This newly created position provides a single point of contact for access to the full breadth of World Bank Group products and services and will enhance the institution's ability to address global challenges and drive development with speed, efficiency, and impact.
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Ozan Sevimli named new country manager for Tajikistan by World Bank
DUSHANBE, July 1, 2024 – Starting today, Ozan Sevimli becomes the World Bank Group Country Manager for Tajikistan, a position that will unify country-level leadership across the institution to better support Tajikistan’s public and private sector priorities. Mr. Sevimli will lead the programs of the International Bank for Reconstruction and Development/International Development Association, International Finance Corporation, and Multilateral Investment Guarantee Agency in Tajikistan, providing a single point of contact for access to the full breadth of World Bank Group...
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World Bank appoints Diletta Doretti as representative for Guyana
Georgetown, July 1, 2024 – Diletta Doretti has been appointed as the World Bank Group Resident Representative for Guyana, a role designed to consolidate country-level leadership across the institution. This new position aims to streamline access to the full range of World Bank Group products and services, enhancing the institution's ability to address global challenges and drive development efficiently.
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Fatou Fall appointed as joint resident representative for Djibouti
Djibouti, July 1, 2024 – Fatou Fall has been appointed as the Joint Resident Representative of the World Bank Group for Djibouti. This new role will consolidate country-level leadership across various institutions within the World Bank Group, including the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The aim is to better support Djibouti's public and private sector development priorities, enhancing the...
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World Bank appoints Ary Naїm as country manager for Poland
Warsaw, July 1, 2024 – Ary Naїm has been appointed as the World Bank Group Country Manager for Poland, a newly created position aimed at unifying country-level leadership across the institution. This role is designed to enhance support for Poland’s public and private sector priorities by providing a single point of contact for access to the full range of World Bank Group products and services.
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World Bank appoints Melinda Good as country director for Thailand and Myanmar
BANGKOK, July 1, 2024 – The World Bank has appointed Melinda Good as its new Country Director for Thailand and Myanmar, effective July 1, 2024. Her appointment comes at a significant time for both countries.
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World Bank appoints Gevorg Sargsyan as new country manager for Maldives
Mr. Gevorg Sargsyan has been appointed as the World Bank’s new Country Manager for Maldives, effective July 1, 2024. An Armenian national, Mr. Sargsyan joined the World Bank in 2000 and brings over two decades of diverse experience to his new role. His career at the World Bank includes serving in various capacities such as Country Manager and Manager of Operations in Europe, Central Asia, and East Asia, Program Manager for Climate Finance, and Global Lead for Clean Energy. Most recently, he served as Country Manager for Ukraine based in Kyiv.
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World Bank appoints new leadership for Eastern Europe amid ongoing crisis
The World Bank has appointed Bob Saum as the Country Director for Eastern Europe, based in Kyiv, effective July 1. In this role, Mr. Saum will oversee the Bank’s programs in Ukraine and Moldova, leading engagement with governments, stakeholders, and partners. He will manage the delivery and implementation of the portfolio and knowledge products while working closely with IFC and MIGA to enhance World Bank's collaboration with the private sector.