World Bank Group
Recent News About World Bank Group
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World Bank extends debt relief options for disaster-hit small states
The World Bank Group has expanded its support for countries rebuilding after disasters, allowing small and vulnerable states to defer loan and interest repayments following catastrophic events.
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Multilateral development banks announce increased climate finance goals at COP29
Multilateral development banks (MDBs) have announced plans to significantly increase climate financing by 2030.
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Poland doubles its contribution to World Bank fund for low-income countries
The Government of Poland has announced a significant increase in its contribution to the World Bank's International Development Association (IDA), doubling its previous commitment.
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World Bank report urges faster development to tackle climate change risks
1.2 billion people worldwide are currently at high risk due to climate change, according to a recent report by the World Bank Group.
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Japan commits $1 billion guarantee with World Bank for global projects
Japan has entered into a $1 billion portfolio guarantee agreement with the World Bank, aimed at increasing financing for projects that tackle global challenges.
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World Bank sets targets for women's economic empowerment by 2030
The World Bank Group has announced the initial steps for implementing its Gender Strategy 2030, aiming to enhance economic opportunities for women globally.
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Spain increases financial commitment to International Development Association by nearly 40
Spain has announced a financial commitment of €400 million to the International Development Association (IDA), marking a 37% increase from its previous contribution.
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World Bank doubles agribusiness commitment amid strategic pivot
The World Bank Group has announced a significant shift in its approach to agribusiness, aiming to establish a comprehensive ecosystem for the industry.
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World Bank report warns eliminating poverty could take over a century
At the current rate of progress, it could take over a century to eliminate poverty for nearly half of the global population, according to the World Bank's "Poverty, Prosperity, and Planet Report."
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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.