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 World Bank

The World Bank is one of the world's largest sources of development assistance. Its primary focus is on helping the poorest people and the poorest countries. This site provides an overview of how the Bank uses its financial resources, its staff, and its extensive knowledge to help developing countries onto paths of stable, sustainable, and equitable growth.

The World Bank is one of the world's largest sources of development assistance. Its primary focus is on helping the poorest people and the poorest countries. This site provides an overview of how the Bank uses its financial resources, its staff, and its extensive knowledge to help developing countries onto paths of stable, sustainable, and equitable growth.
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updated Sun. May 6, 2018

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KUALA LUMPUR: Abolishing the Goods and Services Tax (GST) will not be an easy task as it will require raising other taxes, reducing expenditure or run on a deficit, says World Bank Poverty and Equity Senior Economist Kenneth Simler. "You need to look at it as a whole picture and see if you really need ...
“The World Bank is helping Bangladesh overcome barriers to higher growth. Unreliable power supply and environmentally-unstainable enterprises hinder a county's competitiveness and poverty reduction efforts,” said Zahid Hussain, World Bank Acting Country Director for Bangladesh. “By improving ...

Legal barriers that prevent women from working or limit their opportunities to own a business are having a negative impact on global growth and economic equality, a World Bank study has found. The absence of laws offering protection from domestic violence, and from sexual harassment in the workplace, ...
ASITA (the Association of Indonesian Tour and Travel Agencies) of Bali has prepared packages in tourist villages for International Monetary Fund (IMF) and World Bank delegations in their 2018 annual meeting. “Our members are offering something new and different, including adventure tourism,” said ...
The Kaduna State government has vowed to go ahead with its request to the World Bank for a $350million loan, despite the decision on Thursday by the Senate that the Nigerian government should not guarantee the facility. The Senate decided not to approve the loan request after a committee headed by ...
World Bank Group (WBG) President Jim Yong Kim announced at December's One Planet Summit in Paris that the Bank will cease project lending for 'upstream' oil and gas projects after 2019. As the Bank clarified, “upstream is an industry term that refers to exploration of oil and natural gas fields, as well as ...

A World Bank report presents three potential climate and development scenarios: pessimistic, more inclusive development, and more climate friendly. The authors report that over 143 million people in Sub-Saharan Africa, South Asia and Latin America could be forced to move by 2050 to escape the impacts ...
International Finance Corporation (IFC), the private sector investment arm of the World Bank, will invest up to US$100 million in the India Resurgent Fund (IRF), according Singapore-based financial news platform Deal Street Asia. The report says the IRF is set to launch a $1 billion fund to invest in ...
Dubai, UAE: HE Saeed Mohammed Al Tayer, MD& CEO of Dubai Electricity and Water Authority (DEWA) welcomed a high-level delegation from the World Bank Group. The delegation included Riccardo Puliti, Senior Director, Energy and Extractives, Erik Fernstrom, Head of International Energy and ...
World Bank President Jim Yong Kim has a radical vision for the future of the institution. In a pivot toward private capital, some are asking if a model that works against current incentives will be successful — and whether the bank's workforce is ready for these changes. Can President Kim achieve his vision ...
The World Bank, established at the Bretton Woods Conference in 1944, was originally founded to rebuild Western Europe after the devastation of the Second World War. Later in the 1970s, it shifted its focus to alleviating poverty worldwide.. As he explains in a recent University of Rochester Quadcast, ...
The World Bank and EU in collaboration with Delta State Government on Tuesday started training of over 100 workers of state on financial reforms. The workers were drawn from 52 Ministries, Departments and Agencies (MDAs) in the state. Benson Okojo the Project Coordinator of the World Bank, EU ...
BEIJING, March 24 (Xinhua) -- Technical solutions and increased political will mean that East Asian countries are likely to win their battle against agriculture pollution, said a World Bank report Friday. "Agricultural growth has played a significant role in increasing food security and lifting millions of people out ...
BEIRUT: The UN and World Bank Group (WBG) concluded on Friday a three-year Compact for Lebanon. Building on a long history of collaboration globally and locally, the 2018-2020 Partnership Compact seeks to leverage the two institutions' comparative advantages and align their financing instruments ...
Officers and members of the Parliamentary Network on the World Bank and IMF Liberia Chapter were inducted into office on Wednesday, March 21, 2018. The induction ceremony which took place at the Royal Grand Hotel in Monrovia brought together representatives of the World Bank, the International ...
SPC's Statistics for Development Division (SDD) has entered into a contract with the World Bank, which aims to promote and increase access to, and use of, existing data for research and policy formation. The World Bank Trust Fund for Statistical Capacity Building (TFSCB) has committed USD 500,000 to ...
World Bank Group Senior Vice President and General Counsel, Sandie Okoro, arrives in Liberia on Thursday, March 22, 2018 for a two-day visit. Ms. Okoro's mission will enable her to understand how World Bank financed programs and projects are working on the ground. The mission will also help her to ...

The World Bank has approved a new US$250 million guarantee to facilitate private investment in projects falling under the Argentine Ministry of Energy and Mining's (MEM) RenovAr Program. Earlier this month in a statement, the World Bank said the RenovAr Program initiative seeks to promote electricity ...
Mumbai: The World Bank does not feel that nearly Rs 13,000-crore PNB scam is indicative of a systemic problem with the nation's financial sector, in sharp contrast to its Bretton Woods peer IMF that had called for more changes on the governance front to prevent recurrence of such frauds. "A scam is ...
The World Bank's India Development Update had for rather long just parroted the government's line on development. As a result, it was hardly accurate and ended up swaying in whichever direction the government of the day swung. That might now change a little. Also, at a time when the new kid on the ...
The macroeconomic situation in Ukraine remains unstable, the vulnerability of the fiscal system in the past years has grown, World Bank Country Director for Belarus, Moldova, and Ukraine Satu Kahkonen has said. She said in an interview with Novoye Vremia magazine that the vulnerability has increased ...
The Indian Goods and Services Tax (GST) system is among the most complex in the world with not only one of the highest tax rates but also one of the largest number of tax slabs, the World Bank has said. It added that India has the highest standard GST rate in Asia, and second highest in the world after ...
WASHINGTON, March 15, 2018— The World Bank Board of Directors approved three loans totaling US$145 million today to strengthen healthcare, improve roads and promote regularizing land titles in Nicaragua. It also approved the new 2018-2022 Partnership Strategy with that country. These loans fit ...
The World Bank Group has approved a US$375 million International Development (IDA) Association credit to support Ethiopia's goal of achieving universal electricity access by 2025. The World Bank says Ethiopia has the second-highest available generation capacity in Sub-Saharan Africa with nearly ...
Meanwhile, Mr Koya yesterday also revealed that the reason of the review of Fiji's Investment Policy and Act through the collaboration between the ministry and the World Bank Group/International Finance Corporation was to develop a new investment policy on a modern investment law and regulation that ...
Brussels, Belgium | AFP | The chief executive of the World Bank urged US President Donald Trump on Thursday to be “careful” before imposing steel and aluminium tariffs and weigh up possible effects on global trade. Kristalina Georgieva said Trump should assess the “implications” before going ahead ...
The chief executive of the World Bank urged US President Donald Trump on Thursday to be "careful" before imposing controversial steel and aluminium tariffs, ... The World Bank chief, whose organisation specialises in lending money to poor countries, added that Trump should take a "carefully calibrated ...
While recognising that the EU convergence machine – a term first coined in a 2012 World Bank report – is now back in full swing in Central and Southeast Europe (CEE), where all countries are continuing to catch up in living standards with EU averages, it acknowledges that the convergence machine is ...
This is especially true for the money transfer industry. Remittances to sub-Saharan Africa grew to $37.8 billion in 2017, according to the World Bank and are forecast to hit around $39.2 billion this year and $39.6 billion in 2019. Perhaps unsurprisingly, as the largest population and economy, Nigeria topped ...
The World Bank has warned that deepening economic inequality in the EU risked fuelling populist politics. The US-based development body is to say in a report, out on Thursday (8 March), that inequality has been "mounting in many parts of the EU since 1990 as low-income Europeans have been falling ...
To help overcome this uncertainty and make environmental markets financeable, the World Bank engineered a successful Pilot Auction Facility model for international offsets, auctioning put option contracts that guarantee a minimum value for future credits. This credit enhancement assures projects, ...
DAR ES SALAAM, March 5, 2018 – Africa faces a “severe learning crisis” that undermines economic growth and the well-being of its citizens, according to a new World Bank study. The region has made considerable progress in boosting primary and lower secondary school enrollment, but some 50 million children remain ...
Vietnam's financial sector has attracted investments to the tune of $1.45 billion from foreign investors in the first two months of the year while World Bank has launched a $102 million project with Vietnam's trade ministry to support industrial enterprises.
DAR ES SALAAM, March 5 (Xinhua) -- Africa is facing a severe learning crisis that thwarts its economic growth and the well-being of the citizens, said a new World Bank study released in Tanzania on Monday. The study, released in Tanzania's commercial capital, Dar es Salaam, said learning levels across ...
The 3rd IGC Turkey geothermal congress will be opened by the World Bank Country Director for Turkey, Johannes Zott and EGEC's Secretary General, Philippe Dumas. The event will take place 14-15 March 2018 in Ankara, Turkey.
Among the World Bank chiefs expected at the summit are the Director, Health Nutrition Population of the World Bank Group, Washington, Olusoji Adeyi; the Country Director, World Bank Nigeria, Rachid Benmassoud, Chair of Global Alliance for Vaccine and Immunisation (GAVI) and Nigeria's former ...
The World Bank's sanction on an Australia-based company owned by Surbana Jurong will not have a major impact as the unit gets only a small part of its work from the bank. But Surbana Jurong chief executive Wong Heang Fine said the company is implementing measures to prevent any future ...
DAR ES SALAAM, March 2 (Xinhua) -- The government of Tanzania on Friday requested a 150-million-U.S.-dollar loan from the World Bank to finance projects aimed at boosting economic growth and improving public service delivery in the east African nation. Philip Mpango, the Minister for Finance and ...
The World Bank says it has trained 79 federal and state government officials on how to manage the critical component of Community and Social Development Project, Additional Financing, which prioritises support for the poor, internally displaced persons and vulnerable groups across the country.
Most environmental markets exist to help regulated entities like electric companies and mining groups meet requirements established by law. If those laws are changed or challenged, prices can swing violently. Here's how the World Bank has mitigated risk around the world, sparking similar endeavors in ...
The World Bank Senior Director for Education, Mr Jaime Saavedra will have a four-day visit in the country, which will start on March 4. During their visit, they will discuss the bank's education support and how to address challenges in the sector. The visit will see Prof William Anangisye, the Vice Chancellor ...
The World Bank Group is moving quickly to provide short- and long-term help to the people of Saint-Louis. We're supporting a $30 million project to move nearly 1,000 families away from the shoreline and into safe housing. We're working on getting many millions more in funding for long-term adaptation in ...
The 2018 Fragility Forum: Managing Risks for Peace and Stability will bring together policy makers and practitioners from humanitarian, development, peace and security communities to share practical solutions and explore innovative ways to improve development approaches to foster peace and stability.
World Bank issues catastrophe bonds for Pacific Alliance ... Sullivan & Cromwell LLP in New York, Washington, DC and London has helped the World Bank's International Bank for Reconstruction and Development (IBRD) issue the first multi-sovereign bonds for use following a serious earthquake in Chile, ...
The press release provides an example of successful application of mobile-enabled IoT and big data to projects by the World Bank. In India, wearable IoT data collection devices in the form of bangle-shaped sensors allow users to automatically monitor harmful emissions from their stoves, and the data they ...
The president of the World Bank has warned that the rise of automation means the traditional path to economic growth may close to “all but a handful of developing countries”. Delivering a keynote speech to Mobile World Congress on Monday, Jim Yong Kim said that if the technology industry fails to “step ...
The World Bank's Doing Business indicators are one of the institution's greatest contributions of the past 50 years. I first described them here in 2013. The United States, as the institution's largest shareholder, should be proud of what these indicators have accomplished. Their incredible success in the past ...
A new World Bank report has found that by 2050 the worsening impacts of climate change in three densely populated regions of the world could see more than 140 million people move within their countries' borders. With concerted action, however, including global efforts to cut greenhouse gas emissions ...
In the past few weeks, my colleague Divyanshi Wadhwa and I published two pieces examining the controversy over the World Bank's Doing Business index, which measures the regulatory burden facing businesses around the world. Our first piece examined the case of Chile, investigating World Bank chief ...
Mr. Babatunde Fashola, SAN, Minister for Power, Works and Housing, was also quoted as saying, “The Federal Government is committed to addressing the challenges in the public-owned transmission network and the financing being provided by the World Bank under the Nigeria Electricity Transmission ...


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