The World Bank
Recent News About The World Bank
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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.
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World Bank funds new project addressing urban flooding in Burundi
A new World Bank-financed project will support flood mitigation and resilience in Bujumbura, combining high-impact investments for flood risk management, flood resilience, and help to improve the country’s climate-resilient urban management.
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Valeria Di Fiori named new World Bank Group representative for Uruguay
Montevideo, July 1, 2024 – Valeria Di Fiori assumes the role of Resident Representative of the World Bank Group (WBG) in Uruguay today. This position aims to unify the institution's leadership in the country, supporting both public and private sector priorities. The new structure will offer a single point of contact for accessing the full range of World Bank Group products and services, enhancing its ability to address global challenges and promote development efficiently.
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World Bank boosts support for education sector in Lesotho
MASERU - July 1, 2024 - A new package of World Bank support to Lesotho will see a major boost for the country’s education sector with work focused on enhancing infrastructure and physical learning conditions in targeted primary and secondary schools and improving the quality of teaching.
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IMF & World Bank announce Bretton Woods at 80 initiative
WASHINGTON, July 1, 2024—In recognition of the 80th anniversary of the United Nations Monetary and Financial Conference (the “Bretton Woods Conference”), the International Monetary Fund and the World Bank Group today announced the launch of a consultation tasked with developing a long-term view on the future of the world economy, international cooperation, and the roles of the Bank and the Fund.
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Sustainable initiatives transform livelihoods for Amazonian communities
Roberto Brito de Mendonça, 48, a community leader from Tumbira, inherited the logging trade from his father and grandfather. For 26 years, he endured many hungry nights in the forest. By day, he cut down trees that would sell for a fair price in the market. This all changed in 2010 when the Bolsa Floresta Program (PBF), a public policy from the Brazilian state of Amazonas, provided resources and training for the community to develop sustainable, community-based businesses, including tourism.
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World Bank Group launches unified guarantee platform aiming for $20 billion annual issuance
Starting today, the World Bank Group (WBG) guarantee platform is operational. The platform, hosted by the Multilateral Investment Guarantee Agency (MIGA), consolidates products and expertise from the World Bank, International Finance Corporation (IFC), and MIGA to enhance simplicity, efficiency, and speed in development financing. It aims to increase WBG annual guarantee issuance to $20 billion by 2030.
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Camille Nuamah appointed as World Bank manager for Bolivia
La Paz, July 1, 2024 – Camille Nuamah has assumed the role of World Bank Group Country Manager for Bolivia. This position aims to unify country-level leadership across the institution to better support Bolivia’s public and private sector priorities. The new role provides 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 increased speed, efficiency, and impact.
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Burkina Faso urged to adopt reforms for sustainable economic transformation
The latest Country Economic Memorandum for Burkina Faso reveals that rapid economic growth over the past two decades has not resulted in the structural transformation needed for future success.
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World Bank launches two major economic reports for Burkina Faso
OUAGADOUGOU, June 27, 2024 – The World Bank today launched two significant economic reports for Burkina Faso: the Burkina Faso Economic Update and the Country Economic Memorandum (CEM).
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World Bank highlights need for improved public spending on healthcare in Uganda
The Ugandan economy remains resilient and is growing amid intensifying climate shocks and a challenging global environment. The outlook is positive, buoyed by diversified exports and investments in developing oil export infrastructure ahead of the start of oil production in 2025, according to the new World Bank Uganda Economic Update: Improving Public Spending on Health to Build Human Capital. The report notes that real gross domestic product (GDP) growth accelerated from 5.3% in FY22/23 to an estimated 6% in FY23/24. Low inflation and recovery of real income and employment...
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World Bank approves $1.5 billion financing to aid India's low-carbon transition
The World Bank’s Board of Executive Directors has approved $1.5 billion in financing to support India’s transition to low-carbon energy. The operation aims to develop a market for green hydrogen, scale up renewable energy, and stimulate finance for low-carbon investments.
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World Bank appoints Dina Abu-Ghaida as new country manager for Yemen
The World Bank Group announced the appointment of Dina Abu-Ghaida as Country Manager for Yemen, a role aimed at unifying country-level leadership to support both public and private sector priorities. Based in Amman, Jordan, Abu-Ghaida will lead the institution’s engagement in Yemen, involving policy dialogue with government officials, civil society, the private sector, and development partners.
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World Bank approves $300M loan for energy transition in China's Shaanxi province
The World Bank’s Board of Executive Directors has approved a US$300 million (€276.5 million) loan to support the transition to renewable and low-carbon energy sources in China’s Shaanxi province's heating sector. The project also aims to pilot a pricing reform program.