The World Bank updated the global poverty lines in September 2022. The decision, announced in May, follows the release in 2020 of new purchasing power parities (PPPs)—the main data used to convert ...

TOKYO, June 1, 2026 — World Bank Group President Ajay Banga and Minister of Finance of Japan Satsuki Katayama today agreed to strengthen collaboration on helping developing countries build more ...

In response to a widespread and worsening water crisis, countries in the Middle East and North Africa (MENA) are taking strong steps to ensure a water-secure future for their citizens. In the process, ...

The Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization met on May 28 as part of the high-level coordination group established in April ...

Water drives over half of Mozambique's economy, 90% of exports, and 84% of jobs—yet floods and droughts cost 6.7% of GDP each year. A new World Bank Water Security Diagnostic and the ProAguas Compact ...

DUBAI, December 1, 2023 – With an ambitious financing package announced at COP28, the World Bank Group is helping people in developing countries better withstand the devastation of climate change and ...

The World Bank Group is radically changing the way it tracks results, putting the focus squarely on lives improved rather than money out the door. For the first time, the work of all World Bank Group ...

World Bank Group report highlights digital potential, identifies key areas to close the growing gap WASHINGTON, March 5, 2024 — The COVID-19 pandemic brought about unprecedented acceleration of ...

The World Bank is taking bold action to decisively bend the methane emission curve, announcing its intent to launch at least 15 country-led programs in the next 18 months. These programs will aim to ...

The Cambodia Poverty Assessment 2022: Toward a More Inclusive and Resilient Cambodia shows the country has made remarkable progress in reducing poverty over the past decade, but that some recent gains ...

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For countries, the new platform will reduce the administrative burden and transaction costs, and enable better coordinated financing in line with their priorities—resulting in greater development ...