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The World Bank Team at the Royal Netherlands Embassy tweets about news related to Dutch organizations interested in working with the #WorldBank. #NL4WorldBank

The World Bank’s First USD Benchmark Bond of the 2026 Fiscal Year is a 10-Year with Record Orderbook

WASHINGTON, D.C., August 19, 2025 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 5 billion benchmark bond that matures in August 2035. The World Bank’s successful USD bond attracted its largest ever 10-year order book with investors around the world.  

With more than 180 investor orders, the transaction attracted over USD 13 billion high-quality investor orders, primarily driven by bank treasuries, central banks/official institutions, and asset managers.

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From crisis to action: Mobilizing tools for rapid response and lasting resilience

Over the past year, I’ve seen a growing interest in, and a stronger demand for, better tools to prepare for and respond to crises. Our partners in government, the private sector, civil society, foundations, and other development organizations send us the same message time and time again: In the face of crisis, we need greater preparation and faster access to financing. 

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From open data to AI-ready data: Building the foundations for responsible AI in development

The production and use of development data have undergone significant transformation over the past two decades. The shift from paper-based records to digital formats has made data more accessible and easier to share. The open data movement has dramatically increased the availability of government and institutional datasets, which in turn catalyzed greater opportunities for analysis, transparency, and innovation. And major advances in big data and data science have further expanded both the volume and diversity of information guiding development policy.

Amid rapid advances in artificial intelligence (AI), development data has now reached another pivotal juncture: the evolution to AI-ready development data—data that is readily discoverable, comprehensible, accessible, and usable by both humans and AI applications.

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2025 Global Gas Flaring Tracker Report

Highlights

  • In 2024, flaring surged by 3 billion cubic meters (bcm) to 151bcm, the highest level since 2007. The top nine flaring countries continue to account for three-quarters of all flaring, but less than half of global oil production.
  • More than half a billion people still lack reliable access to electricity. The associated gas wastefully burned each year is equivalent to Africa’s total annual gas consumption.
  • 389 million tonnes of carbon dioxide equivalent (MMtCO2e) emissions, including 46 MMtCO2e in the form of unburnt methane, were released by flares in 2024.


The latest Global Gas Flaring Tracker, an independent report of gas flaring worldwide, reveals that global gas flaring volumes rose to 151 bcm in 2024 from 148 bcm in 2023. This is the highest level since 2007. Flaring Intensity, the amount of flaring per barrel of oil produced, has remained largely unchanged in the last fifteen years.

The top nine flaring countries continue to account for three-quarters of all flaring, but less than half of global oil production. If captured and used, the gas flared could have helped provide energy for some of the world’s most energy-deprived people.

The increase in gas flaring in 2024 highlights the need for oil producers to rapidly accelerate efforts to end routine flaring and minimize pollution from oil and gas operations. The World Bank’s Global Flaring and Methane Reduction (GFMR) Partnership estimates that in 2024 flaring released 389 million tonnes of CO2e, with a significant portion in the form of unburnt methane.

The report highlights that countries committed to the Zero Routine Flaring by 2030 (ZRF) initiative performed significantly better than countries that have not made the commitment. However, while some countries have made progress reducing flaring, the overall increase in 2024 underscored the need for governments and operators to prioritize flaring reduction projects.

The report calls on governments and operators to act now to end routine gas flaring and reduce methane emissions from oil and gas production.

The World Bank’s annual Global Gas Flaring Tracker is a tool for monitoring and understanding the state of flaring worldwide and the progress made towards achieving Zero Routine Flaring by 2030. GFMR, together with the Payne Institute at the Colorado School of Mines, has developed global gas flaring estimates based upon observations from a satellite launched in 2012 and operated by the U.S. National Oceanic and Atmospheric Administration. The advanced sensors of this satellite detect the heat emitted by gas flares as infrared emissions.

About GFMR

GFMR is a multi-donor trust fund supported by governments, companies, and multilateral organizations committed to ending routine gas flaring and reducing methane emissions from the oil and gas sector. GFMR provides catalytic grant funding, technical assistance, policy and regulatory reform advisory services, capacity building and institutional strengthening for methane and flaring reduction projects. For example, GFMR mobilized $11 million to detect and repair methane leaks in Uzbekistan’s gas distribution network. The project has already eliminated 9,000 tones of methane emissions per year, with further reductions of 100 thousand tonnes of methane emissions expected each year.

World Bank Group Strengthens Procurement Requirements to Support Job Creation, Skills Development

WASHINGTON, July 18, 2025—The World Bank is strengthening its procurement requirements to help address the jobs challenge in developing countries by requiring companies working on World Bank-funded projects to include local labor participation in civil works contracts.

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Mid-Year Insights: Key Procurement Trends from MDBs and Global Forums

Report_LongVersion

From Santiago to Abidjan, Milan to Dubai, the first half of 2025
brought a wealth of insight into how multilateral donors are
reshaping their funding strategies, procurement systems, and
development priorities. Assortis attended and monitored five of
the most influential events on the global development
calendar—those organised by the Inter-American
Development Bank (IDB), the African Development Bank
(AfDB), the Asian Development Bank (ADB), the European
Bank for Reconstruction and Development (EBRD), and the
Dubai International Humanitarian Aid & Development
Conference (DIHAD).
Across these gatherings, the message was clear: development
cooperation is entering a new phase—one that requires agility,
digital capacity, local engagement, and a deeper alignment with
ESG principles. In this report, we share our synthesis of key
messages, thematic takeaways, and practical implications for
professionals and organisations working across the development
spectrum

The Global Collaborative Co-Financing Platform: A Big Step Forward for Development Finance

One Year Anniversary of the Co-financing Platform

Launched in April 2024, the Co-financing Platform currently has 16 members, including MDBs and bilateral partners. It presently hosts over 160 pipeline projects and 10 projects have had their financing needs met.

Read more about the Platform’s journey in this immersive story!

Digital technology is unlocking financial inclusion

Mobile phones and the internet are revolutionizing financial inclusion, enabling more people to access and use digital financial services to manage their financial lives. From mobile money accounts accessible on basic phones, to bank-account-linked wallets used on smartphones, digital services are fulfilling their promise of being more accessible and affordable than traditional alternatives.

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