World Bank Group
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News
WBG launches initiative to improve water security for 1 billion people
WASHINGTON, April 16, 2026—The World Bank Group [WBG], in partnership with multilateral development banks, development finance institutions and key partners, today launched Water Forward, a global platform to help improve water security…
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News
Global energy and financial bodies warn of lasting shock from Middle East war
WASHINGTON DC, April 14, 2026 — The heads of the International Energy Agency [IEA], International Monetary Fund [IMF] and World Bank Group [WBG] have warned that the ongoing war in the Middle…
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News
World Bank, IMF, and IEA form joint taskforce over Middle East war shock
KAMPALA, April 2, 2026 — The heads of the International Energy Agency [IEA], International Monetary Fund [IMF], and World Bank Group [WBG] have agreed to establish a high-level coordination group to respond…
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Africa
A Blueprint for Energy Access: Empowering Africa through Innovation and Investment
JOHANNESBUR, November 29, 2025 — A few generations ago in America, grandparents often reminded children how fortunate they were by recalling stories of walking miles to school or doing homework by candlelight.…
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News
World Bank boss calls for job-centred development in major speech at 2025 Annual Meetings
MARRAKESH, October 20, 2025 — In a sweeping address at the World Bank Group’s Annual Meetings, President Ajay Banga delivered a rallying call for development focused on job creation, private sector mobilisation,…
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News
Africa: Multilateral development banks hit record $137 billion in climate finance, driving sustainable development worldwide
KAMPALA, September 11, 2025 — Multilateral development banks [MDBs] delivered a record US$ 137 billion in global climate finance last year—a 10 percent increase that underscores the growing scale of international climate…
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News
World Bank Group, IAEA formalise partnership to collaborate on nuclear energy for development
PARIS, June 27, 2025 —The World Bank Group and the International Atomic Energy Agency [IAEA] sealed an agreement today to work together to support the safe, secure and responsible use of nuclear…
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News
Ahead of COP30, Africa champions new approach to measuring green wealth of countries and incentivizing climate action
WASHINGTON D.C., April 29, 2025 — African leaders are advocating for a new approach to measuring the continent’s green wealth, emphasising that current gross domestic product measures in most African countries are…
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News
Uganda Assumes Role of Co-Chair of the Coalition of Finance Ministers For Climate Action
KAMPALA, April 28, 2025 — Uganda has assumed the co-chairmanship role of the Coalition of Finance Ministers for Climate Action at the 2025 Spring meetings of the World Bank Group and International Monetary…
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News
ATIDI backs Benin’s fiscal resilience with second-loss guarantee for Deutsche Bank’s EUR 507.5mln loan
NAIROBI, April 10, 2025 — The African Trade & Investment Development Insurance [ ATIDI ] says it is supporting Benin’s latest financing transaction, by providing a second-loss guarantee for Deutsche Bank’s EUR…
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