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 ...

WASHINGTON, November 26, 2024 — The World Bank's Board of Directors today approved the US$250 million Morocco Municipal Solid Waste Management Support Program to help strengthen the financial and ...

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 ...

Youth unemployment in Kenya poses a significant challenge, with nearly 75% of the population under 35 facing limited job opportunities. By equipping young people with the skills and resources to start ...

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 Country Climate and Development Report (CCDR) for Yemen uses a scenario-based approach to navigate the complex nexus of development, conflict, and climate change. The Yemen Country Climate and ...

WASHINGTON, Nov. 25, 2024 — The World Bank’s Board of Executive Directors on Monday approved a new project to support more than 700,000 people to manage forest landscapes better and enhance forest ...

Economic inclusion programs—which provide cash transfers, skills training, business capital, coaching, and market access—reach only 10% of the approximately 700 million people living in extreme ...

Amna Khatoon from Muzaffarpur, Bihar, makes bangles for a wholesaler during the lean agricultural season. If she could procure the raw materials on her own, she could open a small shop, turn in a ...