THIMPHU, 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 …
IFC
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Economy & Development
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Economy & Development
Guinea Launches AgriConnect Compact to Transform Agri-Food Systems, Strengthen Food Security, and Create Jobs
by NNW Bureauby NNW BureauConakry, April 30, 2026 – The Government of Guinea, in partnership with the World Bank Group, today announced the launch of the Guinea AgriConnect Compact. This integrated strategic framework aims to …
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Economy & Development
Morocco Can Accelerate Growth, Attract Private Investment, and Generate Millions of Jobs Through Structural and Other Policy Reforms
by NNW Bureauby NNW BureauRabat, Morocco, April 28, 2026 – Morocco could generate 1.7 million additional jobs by 2035 and increase real GDP by close to 20 percent above baseline – but realizing that potential will …
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Economy & Development
More gender data, less insight: rethinking how we measure women’s economic opportunities
by NNW Bureauby NNW BureauGender data has come a long way. We can now compare women’s labor force participation across countries, track legal reforms that affect women’s work, and see how many women sit on …
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Economy & Development
World Bank Group’s IFC and Citi Sign Borrowing Facility to Expand Local Currency Financing in South Africa
by NNW Bureauby NNW BureauWASHINGTON, D.C., April 14, 2026 – The World Bank Group, through its private-sector arm the International Finance Corporation (IFC), and Citi have signed a new 1.6 billion South African rand borrowing …
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Economy & Development
Building the Market for Resilience: A New Opportunity for Financial Institutions
by NNW Bureauby NNW BureauInsured losses from natural catastrophes again surpassed $100 billion for the sixth consecutive year. For banks in emerging markets, climate impacts are increasingly becoming part of their business reality, as they see …
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Economy & Development
Why Resilience & Disaster Management Are Central to Jobs
by NNW Bureauby NNW BureauAt the World Bank Group, our goal is to help countries build economies that convert growth into local jobs. Over the next 10 to 15 years, 1.2 billion young people in developing countries will reach …
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Economy & Development
Improving Housing Can Create Jobs in Mongolia’s Cities
by NNW Bureauby NNW BureauOn a winter morning in the Ger districts of Ulaanbaatar, Mongolia, a man named Bat-Erdene wakes before dawn to light the coal stove in his family’s home. Overnight, temperatures have dropped sharply …
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Economy & Development
Sri Lanka and World Bank Group Launch New Partnership to Create Jobs, Attract Private Investment
by NNW Bureauby NNW BureauWASHINGTON, April 2, 2026 —The World Bank Group and the Government of Sri Lanka today launched a new five-year Country Partnership Framework (CPF) to support Sri Lanka’s continued recovery, help achieve its 7% …
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Economy & Development
Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, and World Bank Group
by NNW Bureauby NNW BureauWashington, DC: The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group have agreed to form a coordination group to maximize their institutions’ response to the energy …