The World Bank Group today announced the appointment of Tsutomu Yamamoto as Managing Director of the Multilateral Investment Guarantee Agency (MIGA), home of the World Bank Group Guarantee Platform.

Investing in health drives job creation and economic growth, highlighting its pivotal role in building resilient societies and fostering prosperity.

In 2024, Belize, a small Caribbean country grappling with increasing climate risks that strain its economy, gained access to ...

In the heart of the Pacific Ocean, on a narrow atoll barely rising above the sea, sits one of the most remarkable pieces of infrastructure in the world, not because it is the largest, or the busiest, ...

Over the past decade, the World Bank’s Trade Facilitation Support Program (TFSP) has worked with 58 developing countries around the world to transform their trade environments.

Extreme urban heat is becoming an urgent challenge for Bangkok, threatening lives, livelihoods, and the city’s economic resilience. The Urban Heat Island (UHI) effect exacerbates this crisis, turning ...

An updated joint Rapid Damage and Needs Assessment estimates that as of 31 December 2024, the total cost of reconstruction and recovery in Ukraine is $524 billion over the next decade.

As differences in price levels across the world evolve, the global poverty line has to be periodically updated to reflect these changes. Since 2015, the last update, we have used $1.90 as the global ...

The Global Collaborative Co-Financing Platform is an important initiative designed to amplify impact and simplify processes for client countries. This Platform acts as a convening mechanism, improving ...

In just 15 years, Rwanda has increased its electricity access to 75% from 6% in 2009. This took government ownership, leadership, and commitment, partnership with the private sector, funding from ...

In some countries in Africa, the percentage of women responsible for water collection drastically exceeds that of men. In some cases this percentage is higher than 80%, highlighting a deeply rooted ...

WASHINGTON, Feb. 15, 2024—The World Bank Board of Executive Directors today endorsed an adjusted approach to support the people of Afghanistan. “Approach 3.0” will deploy funds from the International ...