The World Bank
Recent News About The World Bank
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Keeping Communities Connected in Small Island Developing States
The World Bank has been actively involved in enhancing connectivity and resilience in Small Island Developing States (SIDS) through various projects and initiatives. As of 2023, 3 million people in 20 SIDS are already benefiting from improved transportation services, with ongoing efforts set to extend these benefits to an additional 5 million individuals in the coming years.In Samoa, for example, the entire population has witnessed enhanced access to transport services thanks to World Bank-supported projects implemented between 2013 and 2022. Similarly, in Haiti,...
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Scaling Up Co-Financing for Greater Development Impact
In response to the growing challenges posed by overlapping global crises, a new initiative has been launched to enhance collaboration among development partners and maximize the impact of funding for global development. Akihiko Nishio, World Bank Vice President for Development Finance, emphasized the importance of concerted efforts in addressing these complex issues, stating, "The global financing landscape is becoming more challenging, and it has become clear that tackling the world’s polycrisis requires the concerted effort of the global community."The Global...
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IDA—A Crucial Player in the Evolving Global Aid Landscape
Apr 23 2024The International Development Association (IDA) has been highlighted as a crucial player in the evolving global aid landscape. A recently launched report titled "Financing the Future: IDA’s Role in the Evolving Global Aid Architecture" emphasizes the significance of IDA's role in providing support to the 1.3 billion people residing in the world's poorest nations.The report sheds light on the complexities of the relationship between donors and recipient countries in the face of escalating challenges such as climate change, conflict, and pandemics. Despite...
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Access to Safe Drinking Water Transforms Lives in Conakry
Residents of Sig Madina in Conakry, Guinea, have seen a significant improvement in their daily lives thanks to access to safe drinking water. Makalé Cissé, a mother of five, used to struggle to meet her family's water needs, often walking long distances to fetch water of questionable quality. Reflecting on the past challenges, Makalé stated, "Not only was it a long way to go, but the quality of the water wasn’t even good enough. My children would often get sick; plus, having to go and fetch water affected my daughter’s performance at school."However, with the...