The idea behind debt-for-development swaps is straightforward: A country exchanges its expensive debt for cheaper debt, often supported by a credit enhancement like a guarantee, and then redirects the savings into development spending.
Continue readingIn national parks and ecological corridors globally, community champions are fostering harmony between people, wildlife, and other biodiversity, while creating jobs and other economic opportunities in their local areas.
The Global Wildlife Program (GWP) is one of the largest global partnerships created to support country-led initiatives that tackle illegal and unsustainable wildlife trade, mitigate human-wildlife conflict and zoonotic spillover risk, and promote wildlife-based livelihoods. With funding from the Global Environment Facility, the World Bank-led program works with community champions across 38 countries, including in South Africa, Indonesia, Mali, and Ecuador.
Continue readingDhaka, May 14, 2025 — The World Bank’s Board of Executive Directors today approved $270 million financing to bolster Bangladesh’s flood recovery efforts and enhance its resilience to future disasters, including support for constructing and rehabilitating critical infrastructure, strengthening agricultural system and improving livelihoods in areas devastated by the August 2024 floods.
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A common misunderstanding persists about job creation in Africa. Many envision cities as the epicenters of economic opportunity. Yet for millions in Sub-Saharan Africa, the path to decent work still winds through agriculture. With youth unemployment rising and cities unable to absorb the growing labor force, agriculture—still the region’s largest employer—must be transformed into a more productive, appealing, and innovative sector.
Continue readingThe World Bank Group Youth Summit returns for its 12th edition, bringing together young people (ages 18-35) to tackle urgent global challenges. This year’s focus is on digital transformation, creative industries, and youth-led innovation for a livable planet.
The Summit’s mission is to:
Join us on May 19-20 for key sessions broadcast here, including a civil society roundtable, plenaries on data-driven solutions and youth-led innovations in agriculture, a creative industries session, and a fireside chat on digital currencies. All sessions will be in English with interpretation in العربية, Français, and Español.
Check the Agenda tab for a detailed schedule. To learn more about the WBG Youth Summit, visit worldbank.org/youthsummit.
At the World Bank Group, creating more and better jobs has long been central to our mission, and we will prioritize job creation as an explicit aim of everything we do.
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Secure land access is fundamental to economic growth and job creation. Yet, we need to reform the ways in which we manage land if we’re to get ahead of the global jobs crisis. Improving land systems can help optimize the use of critical resources to better meet the development and infrastructure challenges of today and the future.
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Netherlands for the World Bank 
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