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.

Governments across the world make thousands of personnel management decisions, procure millions of goods and services, and execute billions of processes each day. They are data rich. And yet, there is ...

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 ...

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 to GBP 1.98 billion GBP in IDA21 ...

Gulf Economic Update: Navigating the Water Challenge in the GCC RIYADH, December 1, 2024 – The GCC region is estimated to have subdued economic growth of 1.6% in 2024 but is forecast to grow at 4.2% ...

The World Bank is a multidisciplinary institution that aspires to generate cross-cutting solutions to countries’ most complex development challenges. In the European Union, we have a strong ...

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 ...

Fiji is an upper middle-income country with the health outcomes of a lower middle-income country. Although it faces a demographic opportunity from a rising working-age population, it will only be able ...

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 ...

More inclusive growth is critical to accelerate progress in achieving shared prosperity. Around one-fifth of the world’s population lives in countries with high inequality. Today, high levels of ...