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.

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 ...

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 ...

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 ...

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 ...

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 ...

A regional electricity market can strengthen Central Asia’s energy security, accelerate its clean-energy transition, and meet growing energy demand at lower cost, while supporting domestic and ...

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 ...

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 ...

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 ...