Findings highlight the expanding footprint of destruction and the increasing complexity in restoring systems essential for economic recovery and social well‑being
KYIV, Ukraine, February 23, 2026—Four years into Russia’s invasion of Ukraine, an updated joint Rapid Damage and Needs Assessment (RDNA5) released today by the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations currently estimates that as of 31 December 2025, the total cost of reconstruction and recovery in Ukraine is almost $588 billion (over €500 billion) over the next decade, which is nearly 3 times the estimated nominal GDP of Ukraine for 2025.
Monetary policy is often portrayed as a technical lever—moving interest rates to manage inflation and aggregate demand. Yet recent evidence suggests its reach may extend far deeper into household life than previously imagined. Beyond spending and borrowing, central bank decisions might be shaping one of society’s most fundamental choices: whether and when to have children.
Across both advanced and emerging economies, fertility rates have fallen to historic lows. This demographic transition is transforming labor markets, altering savings behavior, and affecting long-term growth potential. As governments worry about aging populations and shrinking workforces, an overlooked question emerges: could monetary policy itself be influencing fertility—and, if so, what does that mean for economic development?
New World Bank Group guidebook presents evidence-based strategies for designing effective labor programs, especially in low- and middle-income countries facing job creation challenges.
The most effective labor programs in low- and middle-income countries deliver earnings and employment improvements four to five times greater than the average, at times providing up to ten years lasting benefits, and returns far exceeding the initial investments.
Five core principles—contextual tailoring, comprehensive scope, incentive alignment, private sector engagement, and social protection integration—are key to creating lasting, inclusive impacts in the labor market.
Throughout history, water has been the quiet engine behind progress: farmers irrigate fields to grow crops; industry needs it to produce goods and generate energy; and people, communities and cities draw on it for drinking, sanitation, and public health. Technology also made it possible to reach deeper aquifers and more distant rivers, expanding water use and exposing fundamental tensions in how water is valued and distributed, and who bears the costs.
Jobs are the best way to end povertyand give people hope, dignity, and a better future. That’s why the World Bank Group is changing the way we do things—ensuring that all our operations have a clear line of sight to employment. With more than a billion young people entering the labor market in the next decade, the world needs more jobs than ever before. But we can’t do it alone.
As the U.S. Agency for International Development (USAID) continues to finish closing the agency, USAID is taking additional immediate and decisive action to safeguard taxpayer funds and enhance financial oversight across its assistance portfolio.
MANILA, PHILIPPINES, December 4, 2025 — World Bank Group President Ajay Banga and Asian Development Bank (ADB) President Masato Kanda today announced the first two Pacific projects to be delivered under the Full Mutual Reliance Framework, an innovative cofinancing model that will boost development impact.
I’ve traded field boots for Board papers, but I still keep the map handy. Since last September, I’ve been Senior Advisor and (the most magical job title ever) temporary permanent alternate ED, in the Dutch Executive Director’s Office at the World Bank, where my portfolio spans the Committee on Development Effectiveness (CODE), trade, procurement, and a mix of regional and thematic files.
Before the Boardroom, my compass pointed firmly toward the Netherlands Ministry of Foreign Affairs. I built extensive field experience in the Western Balkans as regional security coordinator on counter‑terrorism issues, and in Kenya as Deputy Ambassador for Somalia, leading a cross‑ministerial team drawn from four ministries.
On Wednesday, November 19th, Gallina Vincelette, Vice President of Operations Policy & Country Services, and Hiba Tahboub, Chief Procurement Officer at the World Bank, visited the Netherlands as part of a three-day tour of Europe, which also included stops in Brussels and Berlin. During their visit to The Hague, TIO at the Netherlands Enterprise Agency hosted a Dialogue Session with 16 representatives from Dutch companies and organizations to discuss recent World Bank procurement reforms, as well as the challenges and opportunities encountered by practitioners. In a lively and open exchange, participants shared their experiences with the Bank’s procurement system and offered practical suggestions for further improvement.
This report quantifies the extent to which energy efficiency measures can reduce greenhouse gas (GHG) emissions and fuel costs in global shipping. Drawing on a fleet-wide analysis across key vessel segments (bulk carriers, container ships, and tankers), it assesses the untapped potential of technical and operational efficiency measures through to 2050. Findings show that maximizing energy efficiency can cut global shipping’s GHG emissions by up to about 40% by 2030, exceeding current IMO interim targets, while simultaneously lowering the costs of the energy transition. Roughly half of these potential GHG savings by 2030 pay for themselves, offering savings of up to $220 billion annually in total costs as green fuel supply chains develop, and helping to build resiliency against fuel price volatility and rerouting shocks. The report highlights the role of short-term operational measures (such as forms of port call and speed optimization) and medium-term technical innovations (for example, wind-assisted propulsion) in achieving substantial efficiency gains. It identifies persistent economic, behavioral, and organizational barriers to uptake and illustrates them through deep dives on port call optimization and wind-assisted propulsion, showcasing innovative industry initiatives being applied to overcome these barriers. Finally, the report offers targeted recommendations for policymakers, industry, ports, and financiers to accelerate the adoption of energy efficiency solutions at scale.
Netherlands for the World Bank 
You must be logged in to post a comment.