The World Bank
Recent News About The World Bank
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World Bank supports EU's Catching-Up Regions Initiative targeting regional disparities
The Catching-Up Regions Initiative (CuRI) was established in 2016 by the European Commission to address persistent regional disparities within the European Union.
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World Bank interns volunteer at D.C. farmers market to support community food access
Interns and junior analysts from the World Bank Treasury and Pension departments volunteered at Bread for the City’s weekly Farmers Market in Washington, D.C. this summer.
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World Bank approves $650 million loan for Istanbul disaster resilience project
The World Bank has approved a $650 million loan for the Istanbul Resilience Project, aimed at strengthening the city’s capacity to respond to disasters and climate-related risks.
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World Bank approves $125 million grant for Somali economic reforms
The World Bank’s Board of Executive Directors has approved a second Development Policy Financing (DPF) operation for Somalia, providing a $125 million International Development Association (IDA) grant.
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World Bank approves $150 million loan for business reform in Paraguay
The World Bank Group has approved $150 million in financing for Paraguay to support the country’s efforts to improve its business environment, increase private investment, and promote job creation.
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World Bank approves $350 million loan for El Salvador's fiscal stability and disaster readiness
The World Bank has approved a US$350 million loan to support El Salvador’s efforts to improve fiscal sustainability and increase its ability to respond to natural disasters and climate change.
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World Bank details new suite of services aimed at strengthening global drought resilience
The World Bank has outlined a comprehensive set of drought services aimed at helping countries manage and reduce the risks associated with drought.
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World Bank launches $700 million project targeting disaster-prone Filipino communities
Approximately 18 million households in the Philippines are set to benefit from new efforts aimed at reducing vulnerability to natural disasters, following the launch of the World Bank-supported Philippines Community Resilience Project, also known...
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World Bank urges Mongolia to adopt fiscal reforms amid mining-driven economic boom
A new report from the World Bank recommends that Mongolia use its current mining-driven economic growth to implement fiscal reforms that could support long-term stability and development.
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World Bank appoints Francisca Ayodeji Akala as new country manager for Uganda
The World Bank has appointed Francisca Ayodeji (Ayo) Akala as the new Country Manager for Uganda, effective August 1, 2025.
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World Bank approves $30 million for Serbia’s tax administration modernization
The World Bank has approved additional funding of EUR 27.25 million ($30 million equivalent) to support Serbia's ongoing tax administration reforms.
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How robotics and AI are changing jobs across East Asia-Pacific
Technological change is altering the nature of work across East Asia and Pacific, according to a new World Bank report.
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World Bank appoints Carolina Rendón as representative for Dominican Republic
Carolina Rendón has been named the new Resident Representative of the World Bank for the Dominican Republic, taking over from Alexandria Valerio, who served in the role for five years.
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Turning waste into opportunity: South Asian innovators target jobs through circular economy
Entrepreneurs and organizations in South Asia are developing new ways to reduce waste and create jobs, with a focus on supporting rural communities and addressing environmental challenges.
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Tajikistan’s economy grows but faces challenges in digitizing trade sector
Tajikistan's economy showed strong growth in 2024, with real GDP increasing by 8.4 percent and maintaining a similar pace at 8.2 percent in the first quarter of 2025, according to the World Bank’s annual Tajikistan Economic Update.
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Tajikistan’s economy grows strongly but faces challenges amid push for digital transformation
Tajikistan's economy continued its rapid expansion in 2024, with real GDP growth reaching 8.4%, according to the latest annual Tajikistan Economic Update released by the World Bank.
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World Bank urges bold reforms for Eswatini's digital transformation
Eswatini’s economic growth is projected to reach about 5% in 2025, according to the latest Eswatini Economic Update (EEU) released by the World Bank Group.
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World Bank approves $300 million loan for modernization of Argentina’s tax system
The World Bank has approved a $300 million project aimed at improving the efficiency, effectiveness, and transparency of Argentina's tax administration.
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World Bank approves $200 million grant for Zambian clean energy expansion
The World Bank Board of Executive Directors has approved a $200 million grant from the International Development Association (IDA) for the 13th phase of the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Program in Zambia.
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World Bank approves $75 million loan for Serbia's primary education reform
Serbia will receive a EUR 66.3 million ($75 million equivalent) loan from the World Bank to support reforms in its primary education system.