The World Bank
Recent News About The World Bank
-
World Bank grants $200M for Zambian drought relief
LUSAKA, July 9, 2024— Over 1.6 million vulnerable Zambians affected by a severe drought are set to benefit from a new World Bank grant aimed at addressing the adverse effects of the ongoing drought, the worst in the last 40 years.
-
World Bank appoints Ahmadou Moustapha Ndiaye as Country Director for Maghreb and Malta
The World Bank has announced the appointment of Mr. Ahmadou Moustapha Ndiaye as the new Country Director for the Maghreb and Malta, effective July 9, 2024. He succeeds Mr. Jesko Hentschel, who served in the position for five years.
-
World Bank releases update on Chad's economy focusing on refugee inclusion
N'DJAMENA, July 8, 2024 - Enhancing the economic inclusion of refugees necessitates acknowledging their economic contributions, according to the World Bank Chad Economic Update 2024. The report dedicates a special chapter to examining the economic ramifications of refugee influxes.
-
World Bank appoints new country director for Nigeria
ABUJA, July 8, 2024 - The newly appointed Country Director for Nigeria, Dr. Ndiamé Diop, assumed his new position today. He succeeds Shubham Chaudhuri, who completed his term in the same capacity.
-
South Asian nations urged to adopt progressive universalism for better social protection
Countries in South Asia have seen substantial reductions in poverty over recent decades, yet a significant portion of households remains impoverished. Recent shocks such as the COVID-19 pandemic, economic crises, and climate-related disasters are estimated to have pushed millions more into poverty, severely affecting vulnerable groups like women, youth, and children. These impacts are further amplified by megatrends such as demographic shifts and technological disruptions, which if managed well, can present significant opportunities for the region.
-
India launches world's largest dam rehabilitation program
India has initiated the world’s largest dam rehabilitation program, addressing the challenges posed by aging infrastructure and changing precipitation patterns. The country, with over 6,000 dams crucial for irrigation, flood protection, and power generation, faces significant risks due to outdated designs and minimal maintenance.
-
Lesotho's entrepreneurial growth spurred by targeted financial inclusion initiative
After a five-year struggle with unemployment following his tertiary education, Mosebetsi found inspiration in his name, which means ‘work’ in English. He realized he was destined to create work rather than wait for a job. In 2016, at age 27, he co-founded Iconics Clothing, a venture that gained instrumental support and guidance from the Lesotho Competitiveness and Financial Inclusion Project (CAFI).
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.