WASHINGTON, 1 July 2026 — The World Bank Board of Directors today approved $265 million to support the Ifahsa Pumped Hydropower Storage Project in Morocco, a major clean energy infrastructure investment in northern …
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Economy & Development
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Latest News
Marcela Ponce Assumes World Bank Group Representation in Costa Rica Under a New Unified Leadership Model
by NNW Bureauby NNW BureauSAN JOSÉ, July 1st 2026 – Marcela Ponce has assumed, as of July 1, the role of World Bank Group (WBG) Representative in Costa Rica, a position that unifies the institution’s …
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Economy & Development
World Bank Supports Kenya’s Push for Stronger Accountability and Social Protection
by NNW Bureauby NNW BureauWASHINGTON, June 29, 2026 — Kenya’s reform to strengthen governance, improve public financial management, and expand social protection for its most vulnerable citizens received World Bank Group support today through a …
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Global Affairs
Delivering a ‘Double Dividend’ For MENAAP Firms in Extreme Heat – New World Bank Report
by NNW Bureauby NNW BureauWASHINGTON, June 22, 2026 — Across the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP), three out of ten firms operate in extreme heat conditions for more than 100 days a …
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Economy & Development
IMF and Austria Renew Agreement Underpinning the Work of the Joint Vienna Institute
by NNW Bureauby NNW BureauVienna: The IMF and Austrian authorities have renewed their cooperation agreement on the Joint Vienna Institute (JVI), reaffirming its long-established role as a hub of economic learning, policy dialogue and international cooperation. On …
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Economy & Development
World Bank Group Backs Expansion of Türkiye’s Distributed Renewable Energy Market
by NNW Bureauby NNW BureauWASHINGTON, June 15, 2026 — The World Bank approved €400 million (US$468.4 million equivalent) in additional financing to scale up Türkiye’s distributed renewable energy market, expanding support for distributed wind power and commercial-scale …
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More than half of the world’s extreme poor live in countries affected by Fragility Conflict and Violence (FCV). Over 257 million young people are expected to enter the workforce by 2035 …
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Economy & Development
World Bank Approves New Strategy for Belize to Support Growth, Jobs, the Energy Transition, and Skills Development
by NNW Bureauby NNW BureauWashington, D.C. May 19, 2026: The World Bank Group’s Board of Executive Directors have approved a new Country Partnership Framework for Belize. The strategy focuses on expanding economic opportunity and creating more and better jobs for …
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Planet & Sustainability
World Bank Prices Catastrophe Bond for Disaster Protection for Jamaica
by NNW Bureauby NNW BureauWashington, D.C., May 18, 2026 — The World Bank (International Bank for Reconstruction and Development, or IBRD, Aaa/AAA), priced a catastrophe (cat) bond that finances USD 200 million of insurance …
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Economy & Development
The Royal Government of Bhutan and the World Bank Sign Financing Agreements for the Dorjilung Hydroelectric Power Project
by NNW Bureauby NNW BureauTHIMPHU, May 5, 2026 — The Royal Government of Bhutan and the World Bank today signed financing agreements totaling $515 million for the 1,125 MW Dorjilung Hydroelectric Power Project, which will account for …