World Bank Group
Recent News About World Bank Group
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World Bank Group announces funding commitments for new financial tools
The World Bank Group has announced that 11 nations have pledged a total of $11 billion to the Portfolio Guarantee Platform, hybrid capital mechanism, and the new Livable Planet Fund. These initiatives are designed to support sustainable development, tackle climate change, and foster shared prosperity in developing countries.
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World Bank Group president urges global pandemic recovery efforts: 'Progress on poverty has been set back by years'
On Wednesday, Oct. 13, the World Bank Group (WBG) held the opening press conference to its 2021 Annual Meetings Week, where WBG President David Malpass outlined the group's current priorities: reducing debt in low-income countries, COVID-19 vaccine distribution and climate change.
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World Bank's Malpass: 'By working together, we will build a better development path'
David Malpass, World Bank Group president, gave a speech from Khartoum, Sudan, whose theme was Development in a Time of Upheaval.