In a historic show of unity, 20 African leaders assembled at a major summit committed to focusing development aspirations across the continent. This ambitious agenda, aiming to dramatically improve ...

Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall ...

Digital technologies are transforming economies, creating jobs, and improving lives. They have dramatically changed communications, business, health, education, finance and more. Yet the digital ...

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 2030.

WASHINGTON, April 18, 2024 —The World Bank Group today announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. This is part of ...

New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 ...

Development Committee members discussed the global macroeconomic and financial impact of current wars and conflicts including the war in Ukraine, the humanitarian crisis in Gaza, as well as the ...

Air pollution is the world’s leading environmental cause of illness and premature death, causing 6.7 million premature deaths per year. Air pollution is also a sign of global imbalances, as 95% of ...

Washington D.C., April 25, 2024 - The World Bank (International Bank for Reconstruction and Development, or IBRD, AAA/Aaa), priced a catastrophe (cat) bond that finances US$150 million of insurance ...