The bank is pushing to tap Africa’s own financial resources to plug what it estimates is a US$400 billion annual development ...

World Bank Group, African Development Bank initiative could halve the number of people in Africa living without electricity access WASHINGTON, April 17, 2024 – The World Bank Group and African ...

Nigerian and other African labour unions have rejected the AfDB, and World Bank-backed “Mission 300” electricity initiative ...

We are supporting efforts to end poverty on a livable planet, investing in stronger economies, energy access, and more resilient communities. In fiscal year 2024—which covers July 1, 2023 to June 30, ...

As the world faced a host of intertwined challenges – from climate change, pandemics, fragility, geo-political tensions, to debt distress – the World Bank Group changed to become a better and bigger ...

Since 2014, the World Bank has supported resilient transport projects in 20 Small Island Developing States (SIDS) across Africa, the Caribbean, and the Pacific, benefiting 3 million people. As of 2023 ...

Development finance has evolved over the past decades, and is poised to undergo significant changes in the years ahead. What lessons from the past can help shape a stronger, more resilient global ...

WASHINGTON, Oct 25 (Reuters) - The World Bank will launch its first ever debt-for-development swap within weeks, its Vice President and Treasurer Jorge Familiar told Reuters, as the Washington-based ...

of bonds backed by loans it gave companies across the developing world, part of its efforts to lure more institutional investors to regions where borrowers have a harder time raising cash. The ...

Chinese Premier Li Qiang's speech comes amid a pullback of U.S. support for Western-led institutions such as the World Bank and the IMF. China launched a regional development program called the Belt ...