The 75 economies eligible for low-interest loans and grants from the World Bank’s
International Development Association (IDA) had made notable progress against some important development objectives over the first two decades of this century. Despite this, on the eve of the COVID-19 pandemic, significant development gaps persisted, income convergence with advanced economies was slowing, and some vulnerabilities were rising.
Tag Archives: Governing
Innovative Co-Financing Platform Will Improve Development Impact
WASHINGTON, April 19, 2024—A coalition of ten MDBs today launched a new co-financing platform that will enable them to channel additional capital for development scale and impact.
World Bank Group Aims to Expand Health Services to 1.5 Billion People
Focus on improved affordability, expanded geographic reach, increased scope of services
WASHINGTON, April 18, 2024—The World Bank Group today announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. This is part of a larger global effort to provide a basic standard of care through every stage of a person’s life—infancy, childhood, adolescence, and adulthood.
New Partnership Aims to Connect 300 Million to Electricity by 2030We need to change the way we support refugees – now !
World Bank Group, African Development Bank initiative could halve the number of people in Africa living without electricity access
WASHINGTON, April 17, 2024 – The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.
The World Bank Group will work to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid while the African Development Bank Group will support an additional 50 million people.
Continue readingSpring Meetings 2024: Turning an Ambitious Vision into Impact
HIGHLIGHTS
- New Partnership to Connect 300 Million to Electricity by 2030
- Expand Health Services to 1.5 Billion People
- New commitments up to $11B and new financial tools
African Leaders Unveil Bold Transformation Agenda at Summit, Backed by Powerful New Coalition
Keeping score: How the World Bank Group will drive action for results
Our vision at the World Bank Group is to create a world free of poverty on a livable planet. But how do we transform that vision into impact? How do we ensure that more women have access to clean water? How can we connect more people to better jobs? How do we bring more gigawatts of renewable energy online, including in small states and fragile and conflict-afflicted countries?
Continue readingDespite Strong Growth, South Asia Remains Vulnerable to Shocks
WASHINGTON, April 2, 2024—Growth in South Asia is expected to be strong at 6.0% in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka. But persistent structural challenges threaten to undermine sustained growth, hindering the region’s ability to create jobs and respond to climate shocks, says the World Bank in its twice-a-year regional outlook.
Continue readingBecoming a Better Bank
The world is facing a set of intertwined challenges: climate crisis, debt, food insecurity, pandemics, and fragility; and a need to accelerate access to clean air, water, and energy. Time is of the essence.
We need a better Bank to address these challenges – but also a better Bank for the challenges of tomorrow.
The G20 Leaders challenged the World Bank Group to change and be a more significant part of the solution – with the ambition for speed, simplicity, better leveraging our balance sheet, and engaging partners and the private sector. We are in the process of implementing their recommendations.
We are building a faster, quicker Bank. We want to become a better partner to governments, the private sector, and, ultimately, the people we serve.
Recap: 2024 IMF/WBG Spring Meeting
Netherlands for the World Bank 
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