A new World Bank report shows how partners are joining forces to deliver impact at greater speed and scale, reducing fragmentation and strengthening country ownership.

In a world facing compounding crises—from climate change and fragility to shrinking fiscal space—the ability to mobilize resources efficiently and collaboratively has never been more urgent.  

A new report, Building Together: Co-Financing with the World Bank – Progress Report 2025 (PDF), showcases how the World Bank and its partners are working together to deliver development impact at greater speed and scale. The report highlights how co-financing reduces fragmentation, lowers transaction costs, and strengthens country ownership by aligning partners behind shared priorities. 

Over the past five years, co-financing for World Bank projects has surged, reaching a record $7.6 billion in fiscal year 2025. This progress reflects deliberate policy and institutional reforms, more attractive cost-sharing arrangements, and a renewed spirit of collaboration among multilateral development banks (MDBs), bilateral donors, UN agencies, and philanthropic partners.

Country examples—from energy access across West Africa to agricultural transformation in Rwanda and resilient recovery in Mozambique—illustrate the tangible benefits of working collectively. At the same time, system-level innovations such as the launch of the Global Collaborative Co-Financing Platform, which connects development financiers and helps identify joint opportunities across portfolios, and Mission 300, a joint initiative with the African Development Bank to expand electricity access to 300 million people in Sub-Saharan Africa, demonstrate that co-financing is more than a financial mechanism. It is a powerful model of multilateralism in action, helping countries build resilience, create jobs, and deliver lasting impact.

Last Updated: Oct 28, 2025

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