The World Bank
Recent News About The World Bank
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Education Finance Watch reports stagnant global spending per child despite overall increase
The latest Education Finance Watch (EFW) 2024 report, a collaborative effort by the World Bank and UNESCO, highlights a decade-long increase in global education spending.
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World Bank: Migration policies crucial for Europe's economic growth amid aging populations
A recent report by the World Bank emphasizes the growing importance of migration in fostering economic growth, enhancing competitiveness, and addressing inequalities in Europe and Central Asia.
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World Bank warns of worsening economic crisis in Yemen amid ongoing conflict
Yemen's economy is facing severe challenges as the ongoing conflict, political division, and rising regional tensions worsen the humanitarian and economic crisis.
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World Bank approves €635.5M package to boost Benin’s growth
The World Bank has approved a €635.5 million financing package through the International Development Association (IDA) to support Benin's efforts in strengthening private sector-led growth, boosting domestic revenue collection, and enhancing...
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World Bank releases report on managing successful migration in Europe and Central Asia
The World Bank has released a report titled "The Journey Ahead: Supporting Successful Migration in Europe and Central Asia," which delves into migration trends within the region and their implications for policymaking.
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Mauritania hosts forum on livestock management in Sahel
The Islamic Republic of Mauritania is set to host a significant forum on livestock and pastoralism in the Sahel and West Africa from November 6 to 8, 2024.
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World Bank addresses global education finance challenges amid rising debts
Countries worldwide are facing a significant learning crisis, with millions of children lacking fundamental literacy and numeracy skills.
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World Bank approves program supporting farmers in Kerala against climate change
The World Bank's Board of Executive Directors has approved a new initiative aimed at supporting farmers in Kerala, India, to adapt to climate change while promoting agri-entrepreneurs.
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Project aids Dominican farmers post-Hurricane Maria recovery efforts
In September 2017, Hurricane Maria devastated Dominica, causing extensive damage to homes and livelihoods.
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World Bank supports global education resilience amid COVID-19
During the COVID-19 pandemic, several countries implemented remote learning strategies to ensure educational continuity amid school closures.
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World Bank supports Maldivian secondary education with additional financing
The World Bank has approved a $2.7 million grant from the Global Partnership for Education to enhance the Atoll Education Development Project in the Maldives.
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Amazonia Bonds: New guidelines aim to finance sustainable projects in the region
The Inter-American Development Bank (IDB) and the World Bank have unveiled guidelines for Amazonia Bonds, a new capital markets instrument aimed at financing activities that positively impact local communities, biodiversity, and zero deforestation...
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Nepal secures $150M from World Bank to boost disaster resilience
The Government of Nepal and the World Bank have formalized a US$150 million financing agreement aimed at enhancing Nepal's disaster response capabilities.
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World Bank aids Haitian displaced with essential WASH support
Marie Jeanne Montrose, a widow with four children, is among the many displaced individuals in Port-au-Prince, Haiti.
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World Bank forecasts declining commodity prices amid global slowdown
The World Bank has released its latest Commodity Markets Outlook, predicting a continued decline in most commodity prices into 2025. This follows a period of exceptional growth between 2021 and mid-2022. According to the report, energy prices are projected to drop by 14% next year after an expected fall of 26% this year.
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World Bank grants $21 million for Samoan finance sector development
The World Bank has approved a $21 million grant to support the Samoa Finance Sector Resilience and Development Project.
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Sweden and Iceland invest in World Bank's hybrid capital
Sweden and Iceland have announced their commitments to invest in hybrid capital, a financial product that significantly enhances the World Bank's lending capacity.
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Rogun hydropower plant project progresses towards regional energy security
Tajikistan is progressing with the Rogun Hydropower Plant Project, which aims to enhance energy security and promote renewable energy in Central Asia.
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Japan partners with World Bank in $1B portfolio guarantee deal
Japan has entered into a $1 billion portfolio guarantee agreement with the World Bank, aimed at enhancing financing for projects that tackle global challenges.
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World Bank Conclave focuses on equipping youth with essential future job skills
In a rapidly evolving world influenced by digital technology, climate change, and fragility, the youth face new challenges and opportunities.