The global economy is facing substantial headwinds, emanating largely from an increase in trade tensions and heightened global policy uncertainty. For emerging market and developing economies (EMDEs), the weak outlook limits their ability to boost job creation and reduce extreme poverty. This challenging context is compounded by subdued foreign direct investment into EMDEs. Global cooperation is needed to restore a more stable global trade environment and scale up support for vulnerable countries, including those in fragile and conflict situations. Domestic policy action is also critical to contain inflation risks and strengthen fiscal resilience. To unlock job creation and long-term growth, reforms should focus on raising institutional quality, attracting private investment, and strengthening human capital and labor markets.
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Harnessing the private sector for better development data
Data is at the heart of development, powering the decisions and investments that help to reduce poverty and build a sustainable future. Yet most national statistical systems in low- and middle-income countries are under-resourced and ill-equipped to provide the timely, granular, and policy-relevant data needed for sound decision-making. Traditional surveys, which are often cross-sectional, infrequent, and costly, struggle to keep up with the blistering pace of economic and social change.
Continue readingSmall Grants for Big Global Impact
The world faces a collective action problem: countries naturally prioritize domestic investments while global challenges like climate change, pandemics, and food crises demand joint action. This creates systemic underinvestment in global public goods. Join country and development leaders at the 2025 Hamburg Sustainability Conference, as they explore ways to reshape the international finance to unlock transformative solutions. Discover the World Bank’s Framework for Financial Incentives and IDA’s Global and Regional Opportunities Window—innovative mechanisms that reward countries for projects with cross-border benefits. From energy transformation to water management, learn how small grants through the new Livable Planet Fund make big global impact possible.
Improving Healthcare Access Through Renewable Energy
On Monday December 23, a sense of normalcy prevailed at Hospital Justinien; the most important hospital in Haiti’s Northern region. This, despite persistent and surprising rain which affected the region for more than a week. Nestled in the heart Haiti’s historic city of Cap-Haitien, the Justinien University Hospital (JUH) is the largest public hospital in northern Haiti and the second-largest teaching hospital in the country. Thanks to a variety of available services, the hospital serves a population of over 1 million from Cap-Haitien and surrounding areas.
Continue readingPoised to thrive: Empowering women with skills and jobs in South Asia
Sangay Choden, in her own words, displayed much Tha Dhantse—a Bhutanese concept of having the courage to do the right thing with integrity and loyalty. Choden was the first female science graduate in her family and now handles complex power projects with ease as the manager with the Bhutan Power Corporation Limited. She has climbed mountains, both literally and metaphorically, she says.
Continue readingA new approach to debt-for-development swaps
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 readingMeet the Community Champions Shaping a Future with Nature
In 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 readingHow Electricity is Powering Value Addition in Tanzania’s Villages
STORY HIGHLIGHTS
- Where villagers once struggled with basic tools and meager earnings, they now use modern electric machinery to create valuable finished products.
- From increased rice production and reduced transportation costs, to booming sunflower oil businesses, access to reliable power is boosting local economies.
- Tanzania is bringing its vision of universal electrification to reality with support from a $550 million International Development Association investment.
The hidden jobs engine: unleashing the potential of agriculture in sub-Saharan Africa
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 readingLet There be Light: In Tanzania, More Electricity Brings Better Education and Health
STORY HIGHLIGHTS
- The World Bank is supporting the expansion of energy access through initiatives like the Tanzania Rural Electrification Expansion Program.
- Rural electrification is helping bridge the gap between urban and rural access to essential services.
- Lighting for evening study and regular access to academic assessment are improving student performance.
Netherlands for the World Bank 
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