Developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs climbed to a 20-year high in 2023, the World Bank’s latest International Debt Report shows.

This early pledge announcement comes ahead of the final IDA21 replenishment meeting scheduled for December 5-6, 2024, in Seoul, South Korea. The increase underscores Croatia's recognition of the ...

London, UK, 29 November 2024 — The United Kingdom has announced a 40% increase in its contribution to the World Bank’s International Development Association (IDA)—from 1.414 billion GBP in IDA20 and ...

Since it was established in 1960, the World Bank's International Development Association (IDA) has transformed millions of lives. From expanding energy access in Yemen to promoting job-focused ...

SUVA, November 29, 2024 –Fiji is struggling with a non-communicable disease (NCD) crisis and weak health outcomes that threaten the well-being of its people. To address the crisis, a new World Bank ...

WASHINGTON, November 26, 2024 — The World Bank's Board of Directors today approved the US$250 million Morocco Municipal Solid Waste Management Support Program to help strengthen the financial and ...

PORT MORESBY, November 29, 2024 –The World Bank has approved the National Energy Access Transformation (NEAT) Project, a $204 million initiative that will improve the lives of over 400,000 Papua New ...

ULAANBAATAR, November 29, 2024 — Mongolia’s economy is projected to grow by 5.3 percent in 2024 and 6.5 percent in 2025, amid the robust mining production and domestic demand, according to the World ...

Managing integrity risks within state-owned enterprises is crucial to reducing corruption and preventing economic and political harm that can erode public trust. To mark International Anticorruption ...

Washington, D.C., November 28, 2024 – While climate change impacts pose increasing risk to the long-term growth of Eastern Caribbean states, there are opportunities for these countries to achieve ...

WASHINGTON, November 21, 2024 – A new World Bank-supported program aims to ensure educational continuity for nearly four million students across Sudan. Since the conflict started in Sudan in April ...