WASHINGTON, 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 …
World Bank Group
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Economy & Development
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Press Release
Middle East Conflict Sends Global Growth to Lowest Rate Since COVID-19
by NNW Bureauby NNW BureauWASHINGTON, June 11, 2026—The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, …
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What Is AI-Powered Social Risk Modeling? Social risks — conflict, crime, population displacement, and poverty — compound in ways that impede drivers of poverty reduction and shared prosperity, such as …
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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 Group Supports Resilient Municipal Infrastructure to Modernize Cities in Türkiye
by NNW Bureauby NNW BureauWASHINGTON DC, June 5th, 2026—The World Bank Group approved a EUR 191.5 million (US$219.4 million) loan to Türkiye to modernize urban infrastructure and services in the fast-growing cities of Antalya and Konya, …
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Economy & Development
Statement by IMF Deputy Managing Director Kenji Okumura at the Conclusion of His Visit to Thailand
by NNW Bureauby NNW BureauBangkok, Thailand: Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Bangkok at the end of his visit to Thailand: “I am …
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Economy & Development
World Bank Group Launches Ten-Year Strategy to Drive Jobs and Prosperity in Uganda
by NNW Bureauby NNW BureauKAMPALA, June 4, 2026 — The World Bank Group (WBG) Board of Executive Directors today endorsed a new Country Partnership Framework (CPF) for Uganda, a 10-year strategy (2026-2035) designed to accelerate …
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Economy & Development
World Bank Group Reaffirms Partnership with Tajikistan to Unlock Private Sector-Led Growth that Generates Jobs
by NNW Bureauby NNW BureauWASHINGTON, June 3, 2026 – The World Bank Group’s Board of Directors discussed a new Country Partnership Framework (CPF) for the Republic of Tajikistan for fiscal years 2026–2032. The new framework supports …
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Economy & Development
Earth, Wind, and Sun: Harnessing Local Resources for Job Creation and Energy Security in the Philippines
by NNW Bureauby NNW BureauOff the northern tip of Luzon, where the South China Sea meets the Luzon Strait, the wind blows with a consistency and force that fishermen have navigated for centuries. In …
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Economy & Development
Georgia Boosts Role in Trans-Caspian Transport Corridor with World Bank Group Support
by NNW Bureauby NNW BureauTBILISI, June 2, 2026—The World Bank Group’s Board of Executive Directors today approved the $372 million Trans-Caspian Transport Corridor – Georgia Accessibility and Transport Enhancement (TC-GATE) Project to improve performance and resilience …