The World Bank
Recent News About The World Bank
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IMF and World Bank host high-level retreat for Bretton Woods at 80 Initiative
As part of the Bretton Woods at 80 Initiative, the International Monetary Fund (IMF) and the World Bank Group will host a high-level retreat in Bretton Woods, New Hampshire, on September 26-27, 2024.
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Mongolia continues push for gender equality amid ongoing challenges
ULAANBAATAR, September 24, 2024 — Despite significant equality reforms over recent years, women in Mongolia continue to face impediments to equal participation that could see past progress recede.
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World Bank approves $80 million to improve higher education in Cambodia
The World Bank's Board of Executive Directors has approved $80 million in financing to support Cambodia’s efforts to enhance the quality of higher education and research, particularly in the fields of science, technology, engineering, and mathematics (STEM). The funding for this initiative comes from the International Development Association (IDA), which is the World Bank’s concessional lending arm for low-income countries.
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World Bank highlights steps needed to boost Polish economy
A new World Bank report emphasizes that productivity growth through faster technological adoption, labor market reforms, and a smart industrial strategy aligned with green ambitions is crucial for Poland's economic competitiveness. This must be coupled with increased social inclusion as the country faces challenges such as an aging population and the costs of delayed decarbonization.
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World Bank reports persistent poverty challenges despite macroeconomic gains in Somalia
Somalia has achieved notable macroeconomic progress in recent years, but poverty remains a significant challenge, according to a new World Bank report titled "Somalia Poverty and Equity Assessment." The report indicates that over half of the population still lives below the national poverty line.
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World Bank signs six climate debt clauses amid Hurricane Beryl crisis
No one expected a Category 5 hurricane this early, though the Caribbean was already bracing for an active hurricane season. Hurricane Beryl approached the Caribbean in June, just as the hurricane season began; this was a rare occurrence.
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Denmark increases pledge by 40% to World Bank's IDA fund
Denmark has announced a significant increase in its financial commitment to the World Bank’s International Development Association (IDA). The pledge of DKK 3,300 million marks a 40% increase compared to the previous IDA replenishment cycle.
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World Bank urges Zambia to enhance revenue mobilization
A new Public Finance Review (PFR) report has highlighted the urgent need for Zambia to enhance revenue mobilization and improve fiscal governance. The report calls for significant reforms in public investment management and state-owned enterprises (SOEs) to drive sustainable economic growth and reduce poverty.
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Madagascar tackles child stunting through adaptive learning programs
Once a month, Arentsoa, who is 18 months old, and her mother Larissa visit the community health and nutrition site in Ambatombositra for Arentsoa to be weighed and examined. During the visit, Arentsoa meets and plays with other children and tastes dishes prepared by the mothers during their cooking class at the site.
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World Bank pledges $2.3 billion support package during VP Raiser's visit to Bangladesh
DHAKA, September 19, 2024—The World Bank Vice President for South Asia, Martin Raiser, concluded his visit to Bangladesh today and pledged the World Bank's support for critical reforms to help the country achieve inclusive and sustainable growth.
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World Bank’s listening surveys offer insights into socioeconomic conditions globally
Listening Surveys are nationally representative monthly surveys on social and economic wellbeing, providing fast and reliable data that are especially useful during transition and complex reform periods.
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World Bank urges $3.7 billion annual investment for Ecuador's climate strategy
Between 2025 and 2050, Ecuador requires an annual investment of 3.5 percent of GDP to mitigate and adapt to climate change.
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India strengthens national nutrition mission targeting early childhood
India has long been addressing the challenge of undernutrition, particularly through its Integrated Child Development Services (ICDS) program, operational since 1975. Despite progress between 2005 and 2019, with stunting among children under five decreasing from 48% to 35.5%, and underweight children from 42.5% to 32.1%, undernutrition remains a significant issue.
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Guinea’s economic update emphasizes agriculture’s role in sustainable development
Agriculture is pivotal for Guinea's structural transformation and climate resilience, serving as a cornerstone for inclusive growth and a sustainable future.
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World Bank approves $90M funding boost for Djibouti economic corridor
The World Bank’s Board of Directors has approved US$90 million in additional financing for the Horn of Africa Initiative: Djibouti Regional Economic Corridor project. The new support will expand the scope of the US$70 million original project, approved in December 2021, to enhance regional connectivity and resilience, logistics efficiency, and improve accessibility for the population living in Djibouti along the Djibouti-Addis Southern corridor.
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World Bank approves $100.4 million project for Burkina Faso
The World Bank has approved a $100.4 million Human Capital Protection Project to support Burkina Faso's efforts in delivering basic social services. The project aims to improve access to health and education services in the country.
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Guinea's economic update reveals strong growth driven by mining sector
The First Annual Edition of the Guinea Economic Update: Natural Resource Management for Development presents an overview of Guinea’s evolving macroeconomic position, recent economic developments, macroeconomic outlook, and risks. It highlights the importance of agriculture for structural transformation and climate-proofing Guinea’s economy. It also includes measures that could help the Guinean Government foster agricultural growth that is more productive, inclusive, resilient to climate change risks, and contributes less to climate change.
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World Bank unveils framework for sustainable artisanal mining
The World Bank today unveiled a new vision to unlock the potential of artisanal and small-scale mining (ASM) to drive economic growth, boost development, and reduce poverty in developing countries. The sector, which supplies minerals essential for the global clean energy transition, continues to face significant challenges, including environmental harm, gender inequality, human rights issues, and health and safety risks.
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World Bank's "Mission 300" aims for widespread electrification in Sub-Saharan Africa by 2030
Africans, soon to be the world’s largest workforce, have an opportunity to transform their region into a global economic powerhouse—provided they have access to modern power.
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World Bank renews partnership with Romania aiming at growth competitiveness
The World Bank Group’s Board of Executive Directors has endorsed a new five-year Country Partnership Framework (CPF) for Romania. The framework aims to reduce poverty and promote prosperity across the country by improving human capital outcomes, creating better job opportunities and a more competitive economy, and speeding up the green transition.