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 ...

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 ...

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% ...

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 ...

Climate action carries numerous benefits for Egypt, allowing the country to leverage renewable energy and sustainable practices to drive economic development, creating new job opportunities and ...

Efforts to enhance revenue show promising signs, with projections indicating an increase in the domestic revenue-to-GDP ratio to 4.5% by 2030. Collaboration across government and partnerships between ...

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 ...

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 ...