The Global Collaborative Co-Financing Platform: A Big Step Forward for Development Finance

One Year Anniversary of the Co-financing Platform

Launched in April 2024, the Co-financing Platform currently has 16 members, including MDBs and bilateral partners. It presently hosts over 160 pipeline projects and 10 projects have had their financing needs met.

Read more about the Platform’s journey in this immersive story!

Digital technology is unlocking financial inclusion

Mobile phones and the internet are revolutionizing financial inclusion, enabling more people to access and use digital financial services to manage their financial lives. From mobile money accounts accessible on basic phones, to bank-account-linked wallets used on smartphones, digital services are fulfilling their promise of being more accessible and affordable than traditional alternatives.

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Safer, Climate-Resilient Roads Set to Improve Lives of 13,000 people in Comoros

Washington, July 7, 2025—Comoros is set to rehabilitate 12 kilometers of climate-resilient roads, restoring vital connectivity and strengthening disaster resilience for 13,000 people in one of the country’s most cyclone-affected regions. Additional financing of $12.5 million through a grant from the World Bank Group’s International Development Association (IDA), will complete the critical Mtsangadjou–Foumbouni corridor, enhancing access and safety for vulnerable coastal communities.

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Unlocking Futures: How the IDA Private Sector Window Is Creating Jobs Where They Are Needed Most

STORY HIGHLIGHTS

  • By leveraging IFC and MIGA business platforms, the IDA PSW creates an opportunity for the strategic use of public resources to catalyze private investment, making it possible for companies and industries to operate in high-risk, fragile, and conflict-affected settings.
  • A total of $5.4 billion from the IDA PSW has catalyzed over $31 billion in commercial investments in low-income and fragile countries and is expected to create 3 million jobs, provide 4 million additional loans to micro, small, and medium-sized enterprises (MSMEs), and expand digital connectivity to 31 million subscribers.
  • From agribusiness in Mozambique to telecom infrastructure in West Africa and clean water access in Haiti, IDA PSW-supported investments are building the ecosystems needed to sustain jobs, boost resilience, and spark inclusive economic growth.
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Tracking SDG 7 – The Energy Progress Report 2025

Highlights

  • In 2023, the number of new electricity connections outpaced population growth, increasing global access to electricity to 92%. While this means 19 million fewer people are without electricity compared to the previous year, 666 million people are still without power. In addition, this rate of growth is not fast enough to ensure universal access to electricity by 2030.
  • 85% of the world’s population without electricity lives in Sub-Saharan Africa, up from 50% in 2010. In 2023, 35 million people in this region got electricity, but due to population growth, the number of people without electricity only decreased by 5 million, from 570 million in 2022 to 565 million in 2023.
  • Most people without electricity live in remote areas, places facing conflict or violence, and low-income regions, making it hard to expand the electricity grid. However, new technologies and business models for decentralized renewable energy (DRE) – such as solar home systems and solar mini grids- offer flexible solutions for these areas. These solutions are expected to help over 561 million people worldwide in 2023, and they provided 55% of new electricity connections in Sub-Saharan Africa from 2020 to 2022.
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Global trade has remained resilient so far, but a sharp slowdown is underway

As we cross the halfway point of 2025, mounting headwinds are slowing down global trade. A decade-long rise in trade restrictions has been supercharged by sharp tariff hikes and retaliatory measures from major economies over the past three months. Although some of these measures have since been rolled back and fresh negotiations are underway, businesses are still navigating choppy waters—including elevated policy uncertainty, stretched supply chains, and the ever-present threat of new barriers. In the face of this, we explore how these headwinds will likely reshape trade growth this year and next, identify the most critical risks ahead, and highlight the bright spots that could help steady the ship.

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World Bank Opens 2026 Funding Year with GBP 1.5 Billion 5-Year Benchmark

WASHINGTON, D.C., July 7, 2025 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 5-year British pound sterling (GBP) benchmark maturing in October 2030. The Sustainable Development Bond raised GBP 1.5 billion from investors globally to support the financing of the World Bank’s sustainable development activities in member countries. 

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Reinventing Rice as Countries Cultivate Change

Rice feeds over half of the world’s population and sustains 144 million people—80 percent of them smallholder farmers. With a projected 30 percent surge in demand by 2050, the rice industry will only grow in importance. But the crop’s vulnerability to climate change and slowing productivity gains, its environmental footprint, and its limited nutritional value make it clear that business as usual is no longer an option.

Many rice-producing countries are already taking this challenge seriously—introducing reforms, innovations, and investments to bring the sector into a new era of higher returns, lower emissions, and better nutrition.

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Global Economy Faces Trade-Related Headwinds

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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