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 ...
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Over the past decade, the African Centers of Excellence (ACE) have trained thousands of students in key fields such as health, agriculture, digital technology, energy, and the environment. But behind ...
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 ...
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 global economy has stabilized, but developing economies still face a tougher slog ahead. As countries work to promote growth and drive sustainable development, one key piece to success is ...
From the earliest days of life, the World Bank's International Development Association (IDA) works with partners like Save the Children to provide essential nutrition, health, and education services ...
Washington, October 31, 2024—1.2 billion people face life-changing risks through exposure to at least one critical climate hazard, such as heatwaves, flooding, hurricanes, and drought. However, a new ...
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