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.

Over the last four decades, Thailand has made remarkable progress in social and economic development, moving from a low-income to an upper middle-income country in less than a generation. As such, ...

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 ...

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 ...

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 ...

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 ...

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 ...

Climate action offers an opportunity to safeguard development gains and accompany the ambitious transformation Senegal is embarking on to achieve its objective of reaching middle income status in the ...