The Republic of Korea has announced a 45% increase in its contribution to the World Bank’s International Development Association (IDA). Korea contributed KRW 585 billion in IDA20 and has committed to ...

RIO DE JANEIRO, 18 November 2024 — In a significant move to bolster global development efforts, Norway has announced its early pledge to the International Development Association (IDA) during the 19th ...

BAKU, 12 November 2024 – Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate ...

At COP28, the World Bank committed to support the operationalization of the Fund for Responding to Loss and Damage (FRLD) as a World Bank-hosted financial intermediary fund for an interim period of ...

More than 5,000 young people with little or no education have found jobs thanks to the partnership between the National Employment Agency (ANPE) and the management company of the Glo-Djigbé industrial ...

TUNIS, November 12, 2024 — Tunisia's economy experienced a 0.6% growth in the first half of 2024, a limited increase of its performance in 2023, according to the latest edition of the World Bank’s ...

WASHINGTON, November 14, 2024 – The cost of physical damages and economic losses due to the conflict in Lebanon is estimated at US$8.5 billion, according to a new World Bank report that provides an ...

BAKU, November 12, 2024—The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing small, vulnerable states to postpone loan and interest repayments ...

WASHINGTON, NOVEMBER 12, 2024 – Digital transformation is key to the Philippines’ goal of achieving resilient and inclusive economic growth. The World Bank is committed to supporting the Philippine ...

At COP28, the World Bank highlighted the high costs of harmful subsidies for the planet, emphasizing the need to redirect energy and agricultural subsidies. We committed to stepping up our efforts to ...

Bringing health services to Nagaland’s people, especially to those in far-flung regions, has long been a challenge. Around two-thirds of the state’s 2.2 million people live in rural areas where road ...

Kigali, Rwanda – November 13, 2024 – Today, the Government of Rwanda and the World Bank launched the Rwanda Country Economic Memorandum (CEM), titled “Pathways to Sustainable and Inclusive Growth in ...