Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.

Ending poverty on a livable planet requires all countries to enhance the resilience and adaptation of their people and economies to the impacts of climate change, while also reducing greenhouse gas ...

BAKU, November 12, 2024—The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing small, vulnerable states to postpone loan and interest repayments ...

The Government of Poland has pledged to increase its contribution to the World Bank’s IDA by 100% compared to its previous IDA contributions, demonstrating its continued dedication to international ...

However, a new report from the World Bank Group outlines how faster development and sustainable economic growth can reduce climate change-related economic and quality of life losses.

Description: Discover how the International Development Association (IDA) is making a positive impact across Eastern and Southern Africa, from expanding education in the Democratic Republic of Congo ...

WARSAW, November 6, 2024 – Accelerated action on decarbonization can help stimulate economic growth, enhance competitiveness and protect people from the harmful impacts of air pollution, says the ...

When thinking of Hiroshima, the first thing that may come to mind is the devastation caused by the atomic bomb in 1945. However, Hiroshima's story is not just one of destruction but also of remarkable ...

Debt can support growth, but it must be transparent, well-managed and follow a sound growth strategy. See how the World Bank is helping developing countries such as Cambodia and Madagascar make their ...

WASHINGTON, October 31, 2024—The World Bank announced today that a new private sector development program in the amount of $593 million will launch in Ukraine to support 20,000 small and medium-sized ...

Guinea-Bissau has the highest natural capital per capita in West Africa, but faces significant development hurdles, such as high poverty rates, political instability, and economic challenges, ...