The World Bank
Recent News About The World Bank
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World Bank outlines progress in climate finance commitments
The World Bank has issued a statement regarding its climate finance accounting, highlighting its role as the largest provider of climate finance to developing countries.
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Bosnia's climate report urges $12B investment for resilience and net-zero targets
The recent Country Climate and Development Report (CCDR) for Bosnia and Herzegovina (BiH) outlines the country's pressing climate risks, including frequent floods, wildfires, and severe air pollution.
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Korea pledges increased support to World Bank's IDA during G20 Summit
The Republic of Korea has pledged a significant increase in its contribution to the World Bank's International Development Association (IDA) during the G20 Summit in Rio de Janeiro.
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Benin's Azôli program empowers youth through job training at Glo-Djigbé Industrial Zone
The Glo-Djigbé Industrial Zone (GDIZ) in Benin is bustling with activity as young people, like Carine Judith Aboua, engage in garment manufacturing.
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World Bank updates diagnostic report outlining growth strategies for Croatia
The World Bank Group has released the 2024 update of the Croatia Systematic Country Diagnostic (SCD), building on the initial edition from 2018.
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Nagaland sees improved healthcare through community ownership and World Bank support
A few years ago, the Peren District Hospital in Nagaland was in poor condition.
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Rwanda releases report on pathways to sustainable economic growth
The Government of Rwanda and the World Bank have released the Rwanda Country Economic Memorandum (CEM), titled “Pathways to Sustainable and Inclusive Growth in Rwanda.” This report highlights Rwanda's economic progress and offers strategies for...
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Cambodia enhances higher education through World Bank-backed project
Professor Phat Phanna, a prominent figure in Cambodian higher education, is making strides through the Higher Education Improvement Project (HEIP).
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World Bank expands climate resilient debt clauses at COP28
The World Bank has announced an expansion of its climate resilient debt clauses (CRDCs) at COP28, broadening the scope of these clauses which were first introduced in June 2023.
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Integrating natural capital accounting helps tackle biodiversity loss
Biodiversity is a vital resource for the livelihoods of millions, playing a crucial role in job creation, food security, climate resilience, and inclusive growth.
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MDBs introduce framework for measuring climate results at COP28
The Multilateral Development Banks (MDBs) have taken a significant step towards improving the measurement of climate results.
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MDBs unveil new framework for measuring climate action results
The Multilateral Development Banks (MDBs) have unveiled a new framework to measure climate results, fulfilling a commitment made at COP28.
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World Bank launches blueprint targeting major methane emission reductions
The World Bank has introduced its Methane Reduction Blueprint at COP28, aiming to address methane emissions through various national programs.
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World Bank aims for climate-friendly shift in global subsidy practices
The World Bank has announced its ongoing efforts to redirect harmful energy and agricultural subsidies towards more climate-friendly outcomes.
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World Bank emphasizes people's role in tackling climate change impacts
The World Bank Group has released a summary report on the Country Climate and Development Reports (CCDRs), which were introduced in 2022.
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World Bank launches roadmap at COP28 targeting high-integrity carbon markets
The World Bank has launched the Carbon Markets Engagement Roadmap at COP28, aiming to expand high-integrity carbon markets and mobilize finance.
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Development banks announce increased climate finance goals at COP29
Multilateral development banks (MDBs) have announced plans to increase climate financing efforts at the COP29 summit in Baku.
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World Bank supports new fund addressing climate change loss
At the recent COP28 summit, the World Bank pledged to support the establishment of the Fund for Responding to Loss and Damage (FRLD) as a financial intermediary fund.
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World Bank introduces BCG+ model for sustainable development in Thailand
Thailand is facing significant climate change challenges, prompting the introduction of a new model to bolster its green agenda.
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World Bank increases commitment to climate finance at COP28
At the recent COP28 summit, the World Bank Group announced a significant increase in its climate finance allocation.