Tag Archives: World Bank

Three barriers to municipal finance—and how to overcome them to create jobs and growth

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Cities in low- and middle-income countries are growing fast—but their ability to finance the infrastructure and services needed to support people and jobs is lagging behind.

The consequences are real: without better roads, transit, water, energy, and housing, cities struggle to deliver basic services or attract investment, limiting job creation and economic opportunity. That’s because urban infrastructure lays the foundations for employment, business development, and economic growth.

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Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets

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Over one quarter of global greenhouse gas emissions are covered by carbon pricing

WASHINGTON, June 10, 2025—Carbon pricing revenues exceeded $100 billion in 2024, according to a new World Bank report released today. Over half of this revenue generated for public budgets was earmarked for environment, infrastructure, and development projects, representing a slight increase from previous years.

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State and Trends of Carbon Pricing 2025

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The World Bank’s annual State and Trends of Carbon Pricing report is aimed at providing an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national, and subnational initiatives. It focuses on identifying key developments relating to all forms of direct carbon pricing – emissions trading systems, carbon taxes, and carbon crediting mechanisms. This year’s report will be the twelfth (in its current format) – building on many decades of World Bank Group’s work in this space.

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Beyond the numbers: Key trends reshaping Latin American jobs

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Jobs are the main driver of poverty reduction. They help build more resilient and self-sufficient societies, reduce the need for humanitarian aid, and address the root causes of unrest and migration. Jobs were the key to fighting poverty in Latin America during its last period of sustained poverty reduction (2009-2014): strong employment creation and wage growth drove two-thirds of the decrease in poverty rates. After this prosperous timeframe, both poverty and labor market conditions have remained largely stagnant across the region (COVID-19 aside).

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Further strengthening how we measure global poverty

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For 35 years, the World Bank Group has measured global poverty to track progress toward eradicating what is considered the most severe deprivation of basic human needs—extreme poverty. This goal is at the very heart of our organization’s mission.

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Poised to thrive: Empowering women with skills and jobs in South Asia

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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.

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How the World Bank is tackling the growing global waste crisis

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Every year, the world produces over two billion tonnes of municipal waste, a figure expected to rise by 73 percent to nearly four billion tonnes by 2050. Managing this surge will be a major investment and policy challenge for cities in low- and middle-income countries.

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The hidden jobs engine: unleashing the potential of agriculture in sub-Saharan Africa

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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.

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Mission 300: Unlocking capital for off-grid solutions in Africa

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When African Heads of State, government representatives, private sector leaders, development partners, and civil society participants gathered in Tanzania for the Mission 300 Africa Energy Summit, they did so against the backdrop of a continent that has seen off-grid solar solutions revolutionize energy access—with remarkable progress made and significant potential yet to be tapped.

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