The collaboration underscores a novel approach by the World Bank towards electrification that balances ease of access, affordability, dependability and emission management.

The World Bank Group provides financing, policy advice, and technical assistance to governments, and also focuses on strengthening the private sector in developing countries. The IMF keeps track of ...

This partnership agreement, signed by IAEA Director General Rafael Mariano Grossi and World Bank Group President Ajay Banga, marks the World Bank Group’s first concrete step to reengage with nuclear ...

The World Bank and the United Nations nuclear watchdog on Thursday launched a new agreement to cooperate on the safe development and financing of nuclear power for developing countries, including ...

The World Bank Group’s International Development Association (IDA) is investing $311 million into the Regional Emergency Solar Power Intervention Project (RESPITE), ...

World Bank President David Malpass announced Wednesday his plan to step down in June, nearly a year before the end of his five-year term, following a recent controversy over climate change ...

Third, upon request, the World Bank Group and the IMF will help establish country-led platforms designed to mobilize additional climate finance, including from the private sector. The enhanced ...

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 energy in developing ...

The World Bank Group (WBG) recently revised two key sanctions system procedures to account for 10 to 15 years of sanctions case development and issue management.

In 2013, the bank set a goal to end extreme poverty, experienced by people living on $2.15 or less per day, by 2030. World Bank officials have since said that the lender will not succeed in that ...

In its latest report on international debt, the World Bank said that low- and middle-income countries had paid $443.5 billion toward principal and interest in 2022. That is the highest level in ...

The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023.