WASHINGTON, April 17, 2024 – The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by ...

Two women proudly stand with their agricultural equipment in Bangladesh.

The World Bank is extending a new lifeline to small islands and other small states struck by earthquakes and tropical storms, allowing governments to focus on disaster recovery instead of debt ...

It is estimated that more than US$400 million was claimed in ransoms for pirate acts between April 2005 and December 2012. 179 ships were hijacked off the coast of Somalia and the Horn of Africa ...

Talip Kilic is the Acting Manager and Senior Program Manager for the World Bank Development Data Group Survey Unit, which houses the International Comparison Program (ICP) – a worldwide statistical ...

The World Bank’s Partnerships, Innovation, and Mobilization (PIM) Vice Presidency is responsible for managing and monitoring policies and procedures for World Bank development financing vehicles. DFi ...

The Bank's engagement with stakeholders has been a source of innovative solutions to country needs and development challenges. The challenges we face today demand collective action. Climate change, ...

Financial inclusion The impact of microfinance services (including credit, insurance and savings) Digital financial services Financial literacy Consumer financial protection ...

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 initial assessment of the impact ...

Somalia’s economic growth moderated to an estimated 3 percent in 2025, down from about 4 percent in 2023–24, as declining foreign aid, drought conditions, and rising living costs weighed on demand and ...

The World Bank Group (Bank Group) today announced the 21-month debarment with conditional release of Mauritius-based PricewaterhouseCoopers Associates Africa Ltd. (PwC Associates), ...

The World Bank and Italy today signed an agreement to advance sustainable development in Africa, complementing the country’s recent contributions to multilateral development and increasing its ...