Every year, West Africa sends more than $3.5 billion abroad to buy rice — a staple food that millions of people across the region consume every day. Yet, this is a crop that grows and thrives in the region.
Global food commodity markets entered 2026 on a relatively stable footing, supported by ample grain and edible oil supplies. However, escalating conflict in the Middle East has disrupted that stability, introducing new volatility into food trade and input markets. The World Bank Group’s April 2026 Commodity Markets Outlook projects a 2.5 percent increase in the global food commodity price index this year, but risks are firmly tilted to the upside. The emergence of El Niño conditions, rising energy and fertilizer costs, growing biofuel demand, and potential trade restrictions could all push food prices significantly above current projections.
The global economy is changing at extraordinary speed, and education and training systems are struggling to keep up. Artificial intelligence is transforming jobs almost overnight. The green transition will create tens of millions of new ones. By 2050, 22 percent of the world will be over the age of 60, creating urgent shortfalls in health and care workers. And yet, despite a large and untapped global labor force, employers cannot find the talent they need. The result is a paradox: mass unmet demand for talent, alongside a vast untapped labor force.
WASHINGTON, June 16, 2026—The World Bank Group’s Board of Executive Directors today discussed a new Country Partnership Framework (CPF) for Poland for the period 2026-2031. The program will help Poland build a more innovative and competitive economy, mobilize private investment, create better jobs, and support the country’s next phase of growth.
Continue readingTOKYO, June 1, 2026 — World Bank Group President Ajay Banga and Minister of Finance of Japan Satsuki Katayama today agreed to strengthen collaboration on helping developing countries build more resilient supply chains and energy systems, unlocking investment, jobs, and long-term economic growth.
They signed the document to launch the Resilient and Inclusive Supply-chain Enhancement Plus (RISE+) , and agreed on a new framework called Dynamic Response for Invigorating Value Chains and Energy Security (DRIVE). Together, these initiatives extend Japan’s existing partnerships with the World Bank Group on critical minerals and regional energy security.
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Ethiopia is transforming from an import-dependent market into a pharmaceutical manufacturing hub. After becoming the 9th African nation to reach WHO Maturity Level 3, local production now exceeds 40% of medicine supply. This WBG feature examines how regulation, the Kilinto Special Economic Zone, and research at AHRI and CDT-Africa are driving jobs, exports, and health sovereignty.
Continue readingThere is a bridge in northeastern Madagascar that you probably haven’t heard of, yet it probably has brought some joy into your life. It is about 140 meters long, with a three-meter-wide traffic lane and a one-meter-wide sidewalk. By any global measure, it is unremarkable. No tourists photograph it. It is not the kind of place that shows up on Instagram feeds, and no travel guidebook mentions it.
“Credit: World Bank Group. All rights reserved”
“Credit: World Bank Group. All rights reserved”
Netherlands for the World Bank 