World Bank Group
Recent News About World Bank Group
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World Bank reports surge in global gas flaring impacting emissions goals
Global gas flaring has reached its highest level since 2007, with approximately $63 billion in energy wasted and significant setbacks in emission management and energy security.
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World Bank updates procurement rules to boost jobs with local labor focus
The World Bank is updating its procurement requirements to address job challenges in developing countries.
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Slovenia increases financial support for world's poorest nations through World Bank initiative
Slovenia has announced a significant increase in its contribution to the World Bank's International Development Association (IDA), boosting it by 30%.
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World Bank highlights rising extreme poverty due to conflict and instability
Conflict and instability are significantly impacting 39 global economies, exacerbating extreme poverty and hunger while hindering progress on development goals, as revealed by a comprehensive World Bank assessment.
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World Bank Group partners with IAEA on nuclear energy initiative
PARIS, June 26, 2025—The World Bank Group and the International Atomic Energy Agency (IAEA) have formalized a partnership to support the use of nuclear energy in developing countries.
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World Bank urges changes in global debt reporting practices
More developing economies are increasingly relying on off-budget and complex borrowing arrangements due to a tighter financing environment, according to a new World Bank report on debt transparency.
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World Bank reports lowest foreign direct investment levels since 2005
Flows of foreign direct investment (FDI) into developing economies have fallen to their lowest level since 2005, according to new research from the World Bank.
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World Bank reports over $100 billion in carbon pricing revenues for public budgets
Carbon pricing revenues have surpassed $100 billion in 2024, as reported by the World Bank.
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Global commodity prices predicted to hit a six-year low by 2026
Global commodity prices are anticipated to reach a six-year low by 2026, influenced by slowing economic growth and ample oil supply, according to the World Bank's latest Commodity Markets Outlook.
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Ireland increases IDA fund contribution by 33% to support low-income countries
Ireland has bolstered its contribution to the International Development Association (IDA) by 33%, committing €141.4 million to support the world's poorest countries.
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World Bank Group expands private sector lab to boost job creation
The World Bank Group announced the launch of the next phase of its Private Sector Investment Lab.
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World Bank Group's digital summit focuses on bridging the digital divide
The World Bank Group held its second annual Global Digital Summit on March 18, 2025, in Washington.
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Global call for increased investment in LMICs' road safety
Road safety financing is facing a significant shortfall, impeding efforts to reduce global road traffic fatalities and injuries by 2030.
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African leaders commit to expanding energy access with global backing
Thirty African heads of state and governments have pledged to implement significant reforms to enhance access to reliable, affordable, and sustainable electricity across the continent.
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Pandemic Fund announces third round of $500 million funding for global health initiatives
The Pandemic Fund's Governing Board has approved a $500 million grant for its third round of funding, aimed at enhancing pandemic preparedness in low- and middle-income countries.
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Côte d’Ivoire partners with World Bank for innovative debt-for-development swap
Côte d'Ivoire is set to implement a debt-for-development swap with the support of the World Bank Group, aimed at improving its debt profile and channeling funds towards education.
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Croatia increases financial commitment to International Development Association by 115
The Government of Croatia has announced a significant increase in its financial commitment to the International Development Association (IDA) for the 21st replenishment cycle, known as IDA21.
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UK increases funding for World Bank's International Development Association
The United Kingdom has announced a significant increase in its contribution to the World Bank's International Development Association (IDA), raising its pledge by 40% from 1.414 billion GBP in IDA20 to 1.98 billion GBP for IDA21.
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Korea increases contribution to World Bank's International Development Association by 45
The Republic of Korea has announced a significant increase in its contribution to the World Bank’s International Development Association (IDA) during the G20 Summit in Rio de Janeiro.
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Norway pledges increased support for IDA at G20 summit
Norway has announced an early pledge to the International Development Association (IDA) during the G20 Summit in Rio de Janeiro.