WASHINGTON, December 19, 2025—The World Bank Board of Executive Directors today approved a $50 million project to support Sri Lanka’s digital transformation. The project will promote innovation and investment in Sri Lanka’s digital sector, modernize government services, and make them easier to access and more responsive to the needs of people and busine...
WASHINGTON, Dec. 11, 2025— A proliferating set of international standards—covering everything from food labeling to the specifications of 5G cellular networks—is steadily reshaping the global economic order, delivering hefty benefits to the wealthy nations and large multinational companies that set them while leaving many developing countries on the sid...
MANILA, PHILIPPINES, December 4, 2025 — World Bank Group President Ajay Banga and Asian Development Bank (ADB) President Masato Kanda today announced the first two Pacific projects to be delivered under the Full Mutual Reliance Framework, an innovative cofinancing model that will boost development impact.The framework will allow countries to work wit...
World Bank Was Largest Provider of Net New Financing to 78 Most Vulnerable Countries WASHINGTON, December 3, 2025—Developing countries paid out $741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest gap in at least 50 years, according to the World Bank’s latest I...
DHAKA, November 25, 2025 — Bangladesh reduced poverty significantly between 2010-2022, lifting 34 million people out of poverty while improving living standards and access to essential services like electricity, education, and sanitation, but since 2016, the pace of poverty reduction slowed and economic growth became less inclusive, says a new r...
WASHINGTON, November 24, 2025—Countries in Europe and Central Asia (ECA) should urgently push to make more efficient use of existing economic assets and invest in the capabilities of its firms and people to unlock faster growth, according to a new World Bank report released today.The report, TIDES of Change: Igniting Productivity Growth in Europe and...
New World Bank Group Report Highlights Health Financing Challenges for the Future WorkforceWashington, D.C., November 19, 2025—Despite efforts by many developing countries to sustain health spending under fiscal pressure, investments remain insufficient to fund essential health services—critical for saving lives, creating jobs, and driving growth—accord...
Share moreFrom left to right: Jorge Familiar, Vice President & Treasurer, World Bank, and Pablo Saavedra, World Bank Vice President for the Prosperity vertical at the report’s launch event in Washington, DC.World Bank GroupWashington, DC, November 13, 2025 – A new World Bank report offers the most comprehensive view yet of global reserve managem...
FREETOWN, November 6, 2025 - Sierra Leone’s economy is showing signs of stability in the face of heightened global challenges, with growth projected at 4.3 percent in 2025 and reaching 4.6 percent by 2027, according to the latest World Bank Sierra Leone Economic Update (SLEU) launched today in Freetown. This outlook is supported by expected...
WASHINGTON, November 4, 2025 – Today the World Bank approved the Technical Assistance to the Southern African Power Pool (SAPP) project, also known as RETRADE SAPP, to support increasing and expanding the regional electricity market in the SAPP.The project will help crowd in private capital for transmission and deepen participation and liqu...
