The World Bank
Recent News About The World Bank
-
Mariama Cire Sylla named as resident representative for Namibia
Windhoek, Namibia, September 6, 2024 – Effective October 1st, 2024, Mariama Cire Sylla will become the World Bank Group’s joint Resident Representative for Namibia.
-
Mauritania expands social protection programs amid growing economic challenges
Henniya mint Teyib is among over 200,000 impoverished households registered in the Social Registry database benefiting from the Tekavoul National Social Transfer Program. This initiative is part of several adaptive and transformative social protection programs implemented by the Mauritanian government with support from the International Development Association (IDA), the World Bank's fund for low-income countries.
-
Efforts improve Ethiopian pre-primary education outcomes through targeted interventions
Eldana, a 6-year-old student in Dire Dawa, Ethiopia, is part of the O-Class, a pre-primary educational program aimed at improving learning outcomes by better preparing students for primary school. The program employs a play-based curriculum and provides teacher training and learning materials. Before O-Class was introduced, primary education completion rates in Ethiopia were at 50%, partly due to irregular attendance and late enrollment.
-
World Bank Group partners with South Sudan on institutional development
JUBA, September 5, 2024—The World Bank Group Executive Board of Directors has approved International Development Association (IDA) grant financing to the Government of the Republic of South Sudan (GoSS) to support strengthening institutional and human resource capabilities in the public service. The IDA grant of $15 million will join GoSS counterpart funding of $3 million, bringing the total project amount to $18 million.
-
World Bank approves $40 million project to boost Moldova's disaster preparedness
CHISINAU, September 5, 2024—The World Bank’s Board of Executive Directors approved a $40 million financing package for the Strengthening Moldova’s Disaster Risk Management and Resilience (SMORE) Project. The initiative aims to enhance Moldova’s preparedness for natural hazards and climate-related shocks that threaten lives, homes, and critical infrastructure.
-
World Bank initiatives boost global access to skilled birth attendance
Pregnancy and childbirth are critical periods for women, particularly in countries with limited access to reproductive and maternal healthcare. While the continuum of reproductive and maternal healthcare is essential for healthy pregnancies and maternal and child survival, skilled birth attendance is especially important for reducing maternal and neonatal mortality risks. However, barriers such as cost, mobility, quality of services, and social norms often prevent women from accessing these services. Disruptive events like the COVID-19 pandemic, disasters, and conflicts...
-
World Bank highlights need for sustainable chemical management at Berlin forum
Axel van Trotsenburg, the Managing Director of Operations at the World Bank, addressed the Third Berlin Forum on Chemicals and Sustainability on September 5, 2024. His remarks focused on the vision of "A Planet Free of Harm from Chemicals and Waste," a concept adopted during the 5th International Conference on Chemicals Management under Germany's presidency.
-
Sri Lanka completes pandemic preparedness assessment amid aging population concerns
The Sri Lanka Pandemic Preparedness Assessment, conducted from 2020 to 2023, aimed to assist the government in optimizing health investments and enhancing preparedness for future pandemics, with a particular focus on addressing the needs of a rapidly aging population.
-
World Bank reports over 400 million students affected by weather-related school closures since 2022
A new World Bank report reveals that more than 400 million students worldwide have experienced school closures due to extreme weather since 2022. The report, released today, underscores the severe impact of climate change on education in low- and middle-income countries and proposes solutions to leverage education for climate action. It estimates that a one-time investment of $18.51 per child can mitigate the adverse effects of climate shocks.
-
Education key in mitigating effects of widespread school closures due to climate change
More than 400 million students have been affected by climate-related school closures since 2022, according to a recent report. The report emphasizes that for less than $20 per student, schools can adapt and minimize learning losses.
-
World Bank projects strong economic growth for India despite subdued global conditions
NEW DELHI, September 3, 2024 — The Indian economy continues to grow at a healthy pace despite challenging global conditions, according to the World Bank’s latest India Development Update: India’s Trade Opportunities in a Changing Global Context. However, to reach its $1 trillion merchandise exports goal by 2030, India needs to diversify its export basket and leverage global value chains.
-
Serbia receives $65 million from World Bank for railway maintenance
Serbia will enhance the maintenance of its railway infrastructure with a new $65 million support from the World Bank. This funding represents the second tranche of the Multiphase Programmatic Approach (MPA) for Serbia Railway Sector Modernization Project, aimed at building a safer, more efficient, and climate-friendly rail sector.
-
World Bank appoints Qimiao Fan as country director for Kenya, Rwanda, Somalia & Uganda
Nairobi, September 2, 2024 – The World Bank has appointed Mr. Qimiao Fan as the new Country Director for Kenya, Rwanda, Somalia, and Uganda, effective September 1, 2024. Mr. Fan, who has over 35 years of experience in development practice, will oversee the design and implementation of the World Bank’s support program to the four countries that has an active portfolio consisting of 102 projects totaling $17.2 billion.
-
World Bank outlines strategies for Paraguay’s economic transformation
Paraguay is positioned for a promising future, with abundant natural resources, a young population, and a stable macroeconomic environment. However, to fully realize its potential, the country needs to adopt a new growth strategy that prioritizes productivity, resilience, and sustainability.
-
World Bank outlines policy recommendations for Mongolia's sustainable development vision
The World Bank Group has prepared a series of Policy Notes to address a range of issues and provide actionable recommendations for Mongolia's new government, formed in July 2024. These notes aim to assist the government in diversifying and strengthening national assets beyond the mining sector to meet the country's sustainable and green development goals, as outlined in Mongolia’s Vision 2050 and New Recovery Policy objectives.
-
World Bank delegation emphasizes strong development engagement during visit to Haiti
Port-au-Prince, Haiti, 30 August 2024 — Director for the World Bank’s International Development Association (IDA) Resource Mobilization, Dirk Reinermann, completed a three-day visit to Haiti on Friday, August 30. During the visit, priorities of the new administration were discussed and the World Bank’s commitment to continue fighting against extreme poverty in Haiti was underscored.
-
World Bank announces $415 million aid for Ukrainian education amid ongoing conflict
WASHINGTON, August 30, 2024—A new $415 million education program to improve primary and secondary education in Ukraine will reach one million students, teachers, and school staff, the World Bank announced today.
-
World Bank warns against fraudulent scheme in DR Congo
KINSHASA, August 30, 2024: Following recent reports linking an entity calling itself "Pan-African Investment Program" to the World Bank in the Democratic Republic of Congo, the World Bank is warning the general public of ongoing scams. This entity claims to be recruiting local companies for a project to "build ten schools per province," falsely associated with World Bank financing.
-
Digital technology's role in transforming global food systems
The global food system faces significant challenges, with inefficiencies and waste prevalent despite increased output. Abundance and hunger coexist, highlighting a core issue: unequal access to information among farmers and within markets. These inflexible systems result in high transaction costs.
-
World Bank highlights gaps in climate finance among emerging market banks
WASHINGTON, August 29, 2024 — In almost 60% of banks in Emerging Market and Developing Economies (EMDEs), lending for climate-related investment accounts for less than 5% of their overall portfolios, and more than one-quarter offer no climate financing at all, according to a new World Bank report.