World Bank

World Bank Group Launches Initiative to Help Local Financial Institutions Expand Digital Payments in Emerging Markets

WASHINGTON, D.C., September 9, 2026 — The International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector, has launched a risk-sharing initiative to help banks, ...
World Bank Group

Preparing Better for Monsoons: Lessons from the 2025 Flash Floods in Pakistan

On August 15, 2025, 150 millimeters of rain fell on Buner district in a single hour. Water, boulders, and debris cascaded ...
World Bank Group

Small AI Transforms Farming in India

For a small farmer in Kerala, a coastal state in southern India, a few days of unexpected rain or the sudden spread of pests ...
World Bank

Renewed Conflict Derails Lebanon’s Fragile Economic Recovery

Lebanon’s economy is projected to contract by 6.4% in 2026 as renewed conflict reversed the fragile stabilization and recovery momentum recorded in 2025, according to the latest World Bank Lebanon ...
World Bank

Update on the World Bank Group Climate Change Action Plan

The WBG’s work on climate is and will remain firmly client driven, supporting them in delivering on their own ambitions as set out in their national plans and Nationally Determined Contributions (NDCs ...
World Bank

Additional Financing to Strengthen Djibouti’s Regional Economic Corridor

The World Bank Group has approved US$45 million in additional financing (grant) for the Horn of Africa Initiative: Djibouti Regional Economic Corridor Project. The support will help strengthen ...
World Bank

Myanmar’s Economy shows tentative stabilization, but fuel shock intensifies pressures

Myanmar’s Economy shows tentative stabilization, but fuel shock intensifies pressures Myanmar’s economy was showing tentative signs of stabilization prior to the Middle East conflict, but activity ...
World Bank

Direct Carbon Pricing Covers Nearly One Third of Global Emissions

About The World Bank The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and ...
World Bank

World Bank Group Launches Initiative to Improve Water Security for 1 Billion People

The World Bank Group, in partnership with multilateral development banks, development finance institutions and key partners, today launched Water Forward, a global platform to help improve water ...
World Bank

World Bank Group Statement on the Nigeria Development Update

The World Bank Group released its April 2026 edition of the Nigeria Development Update on April 7. Included in the report is a recommendation to allow imports of premium motor spirit. Given current ...
World Bank

Conflict Hits MENAAP Economies, Underscoring Need for Action to Boost Resilience, Create Jobs

The latest conflict in the Middle East has taken a serious and immediate economic toll on countries in the surrounding region. The closure of the Strait of Hormuz and destruction of energy and public ...