BAKU, 12 November 2024 – Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.
Tag Archives: Youth
World Bank Expands Lifeline to Small States hit by Disasters
BAKU, November 12, 2024—The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing small, vulnerable states to postpone loan and interest repayments after a catastrophic event—so governments can focus on recovery rather than paying off debt.
Japan Signs $1 Billion Portfolio Guarantee with World Bank
Guarantee will free up additional financing to support crucial projects
WASHINGTON, October 25, 2024—Japan signed a $1 billion portfolio guarantee agreement on Friday that will scale up financing from the International Bank for Reconstruction and Development for projects that address global challenges.
World Bank Group Advances Gender Strategy, Unveils Economic Opportunity Ambitions
New targets aim to accelerate use of broadband internet, social protection programs, and capital by 2030
WASHINGTON, Oct. 24, 2024 – The World Bank Group today took the first steps toward implementing Gender Strategy 2030, announcing a set of actions and concrete goals that aim to boost economic opportunities for more women.
Spain Announces Early Financial Commitment of €400 Million to IDA, a Near 40% Increase in Pledge
Washington, D.C, October 24, 2024 — Spain has announced an early financial commitment of €400 million to the International Development Association, the World Bank’s fund for low-income countries. This is a 37% increase compared to the previous IDA replenishment cycle and underscores Spain’s continued commitment to sustainable development worldwide. This raises Spain’s total contribution to over €5 billion since IDA’s creation.
Replay: Creating Jobs for Young People
East Asia and Pacific: Resilient Growth in Turbulent Times
Washington DC, October 7th, 2024 – Developing East Asia and Pacific (EAP) is continuing to grow faster than the rest of the world in 2024, but slower than before the pandemic, the World Bank said in its semi-annual economic outlook for the region – the East Asia and Pacific Economic Update.
Powering progress: How Digital Public Infrastructure is transforming Latin America and the Caribbean
As the digital revolution sweeps across Latin America and the Caribbean (LAC), Digital Public 
Infrastructure (DPI) is at the heart of this shift. DPI refers to the essential systems that make digital services accessible to everyone. It’s the common digital plumbing that supports digital identities, payment systems, and data-sharing networks. But how is the LAC region progressing in building these critical digital services?
High-Level Retreat in New Hampshire as part of Bretton Woods at 80 Initiative
WASHINGTON, September 24, 2024 – As part of the previously announced Bretton Woods at 80 Initiative, the IMF and the World Bank Group are hosting a high-level retreat at Bretton Woods, New Hampshire, on September 26‒27, 2024.
This two-day Chatham House Rules event will bring together a small and diverse group of global thinkers—including individuals prominent in the fields of history, international relations, political science, finance, and business—at the location of the 1944 United Nations Monetary and Financial Conference (the “Bretton Woods Conference”).
Netherlands for the World Bank 
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