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 ...

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 ...

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 ...

The Japan Social Development Fund (JSDF) is a Partnership between the Government of Japan (GoJ) and the World Bank conceived in the wake of the Asian financial crisis in the late 1990s. It was ...

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 ...

About 1.2 billion people are at high risk from climate-related hazards, but much can be done to make people, business, communities, and countries more resilient. The new World Bank flagship report ...

Latin America and the Caribbean is close to winning the battle on inflation and turning the corner on the macroeconomic dislocations wrought by the pandemic. Monetary authorities in the region have ...

The October 2024 edition of Africa’s Pulse reports a fragile economic recovery in Sub-Saharan Africa, with growth projected at 3% in 2024, up from 2.4% in 2023, driven by increased private consumption ...

The Middle East and North Africa (MENA) region is expected to grow at 2.2% in 2024, yet the outlook remains subdued amid heightened uncertainty. In addition to examining the macroeconomic outlook of ...