We were honored to welcome Her Majesty Queen Máxima of the Netherlands, United Nations Secretary-General’s Special Advocate for Financial Health, to the IDB Group’s headquarters in Washington D.C.
A new World Bank report shows how partners are joining forces to deliver impact at greater speed and scale, reducing fragmentation and strengthening country ownership.
In a world facing compounding crises—from climate change and fragility to shrinking fiscal space—the ability to mobilize resources efficiently and collaboratively has never been more urgent.
A new report, Building Together: Co-Financing with the World Bank – Progress Report 2025 (PDF), showcases how the World Bank and its partners are working together to deliver development impact at greater speed and scale. The report highlights how co-financing reduces fragmentation, lowers transaction costs, and strengthens country ownership by aligning partners behind shared priorities.
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As the world approaches the midpoint of the United Nation’s Second Decade of Action for Road Safety (2021-2030), the urgency to meet the goal of halving road traffic fatalities and serious injuries by 2030 is ramping up. This target, embedded within the UN’s Sustainable Development Goals (SDG 3.6), reflects a global commitment to addressing one of the most preventable yet persistent public health crises of our time. Road crashes claim nearly 1.2 million lives each year—around 3,300 every day—with children and young people disproportionately affected.
Continue readingDamages to Physical Structures Estimated at $18.5 billion as of end January
WASHINGTON, April 2, 2024 – The cost of damage to critical infrastructure in Gaza is estimated at around $18.5 billion according to a new report released today by the World Bank and the United Nations, with financial support of the European Union. That is equivalent to 97% of the combined GDP of the West Bank and Gaza in 2022.
Continue readingDamages to Physical Structures Estimated at $18.5 billion as of end January
WASHINGTON, April 2, 2024 – The cost of damage to critical infrastructure in Gaza is estimated at around $18.5 billion according to a new report released today by the World Bank and the United Nations, with financial support of the European Union. That is equivalent to 97% of the combined GDP of the West Bank and Gaza in 2022.
Continue readingIn public debates, return is often regarded as the most natural solution for refugees: they are “out of place” and return seems the most sensible way to restore the natural order of things. But is it that simple?
We are emerging from decades of a “grow now, clean up later” mindset that delivered
development dividends, while hiding a host of social and environmental issues. In 2020, this paradigm hit headfirst into the realities of a global pandemic, worsening climate change, and conflict. Across poor countries and in poor communities, people who had only marginally benefited from development were the first to experience its shortcomings.
What does it mean to reach “net zero?” A recent report by the Carbon Pricing Leadership 
Coalition (CPLC) explores how the world can decarbonize, and in particular, how carbon pricing can play a role. To learn more about net zero, the report and its findings, we sat down with Chandra Shekhar Sinha, a member of the Task Force on Net Zero Goals and Carbon Pricing and Advisor to the Bank’s Climate Change Group, and Angela Churie Kallhauge, former Head of the Carbon Pricing Leadership Coalition (CPLC) Secretariat.
The Young Professionals Program (YPP) is a starting point for an exciting career at the World Bank Group for those who demonstrate a passion for international development and the potential to grow into impactful leadership roles across our institutions. Young professionals are recruited from around the world with various academic and professional backgrounds relevant to the World Bank, IFC and MIGA.
June 15, 2022
11:00 AM EDT (local time)
War in Ukraine leading to higher inflation, tighter financial conditions
WASHINGTON, June 07, 2022—Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation, according to the World Bank’s latest Global Economic Prospects report. This raises the risk of stagflation, with potentially harmful consequences for middle- and low-income economies alike.
Netherlands for the World Bank 