The World Bank’s First USD Benchmark Bond of the 2026 Fiscal Year is a 10-Year with Record Orderbook

WASHINGTON, D.C., August 19, 2025 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 5 billion benchmark bond that matures in August 2035. The World Bank’s successful USD bond attracted its largest ever 10-year order book with investors around the world.  

With more than 180 investor orders, the transaction attracted over USD 13 billion high-quality investor orders, primarily driven by bank treasuries, central banks/official institutions, and asset managers.

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2025 Global Gas Flaring Tracker Report

Highlights

  • In 2024, flaring surged by 3 billion cubic meters (bcm) to 151bcm, the highest level since 2007. The top nine flaring countries continue to account for three-quarters of all flaring, but less than half of global oil production.
  • More than half a billion people still lack reliable access to electricity. The associated gas wastefully burned each year is equivalent to Africa’s total annual gas consumption.
  • 389 million tonnes of carbon dioxide equivalent (MMtCO2e) emissions, including 46 MMtCO2e in the form of unburnt methane, were released by flares in 2024.


The latest Global Gas Flaring Tracker, an independent report of gas flaring worldwide, reveals that global gas flaring volumes rose to 151 bcm in 2024 from 148 bcm in 2023. This is the highest level since 2007. Flaring Intensity, the amount of flaring per barrel of oil produced, has remained largely unchanged in the last fifteen years.

The top nine flaring countries continue to account for three-quarters of all flaring, but less than half of global oil production. If captured and used, the gas flared could have helped provide energy for some of the world’s most energy-deprived people.

The increase in gas flaring in 2024 highlights the need for oil producers to rapidly accelerate efforts to end routine flaring and minimize pollution from oil and gas operations. The World Bank’s Global Flaring and Methane Reduction (GFMR) Partnership estimates that in 2024 flaring released 389 million tonnes of CO2e, with a significant portion in the form of unburnt methane.

The report highlights that countries committed to the Zero Routine Flaring by 2030 (ZRF) initiative performed significantly better than countries that have not made the commitment. However, while some countries have made progress reducing flaring, the overall increase in 2024 underscored the need for governments and operators to prioritize flaring reduction projects.

The report calls on governments and operators to act now to end routine gas flaring and reduce methane emissions from oil and gas production.

The World Bank’s annual Global Gas Flaring Tracker is a tool for monitoring and understanding the state of flaring worldwide and the progress made towards achieving Zero Routine Flaring by 2030. GFMR, together with the Payne Institute at the Colorado School of Mines, has developed global gas flaring estimates based upon observations from a satellite launched in 2012 and operated by the U.S. National Oceanic and Atmospheric Administration. The advanced sensors of this satellite detect the heat emitted by gas flares as infrared emissions.

About GFMR

GFMR is a multi-donor trust fund supported by governments, companies, and multilateral organizations committed to ending routine gas flaring and reducing methane emissions from the oil and gas sector. GFMR provides catalytic grant funding, technical assistance, policy and regulatory reform advisory services, capacity building and institutional strengthening for methane and flaring reduction projects. For example, GFMR mobilized $11 million to detect and repair methane leaks in Uzbekistan’s gas distribution network. The project has already eliminated 9,000 tones of methane emissions per year, with further reductions of 100 thousand tonnes of methane emissions expected each year.

Mid-Year Insights: Key Procurement Trends from MDBs and Global Forums

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From Santiago to Abidjan, Milan to Dubai, the first half of 2025
brought a wealth of insight into how multilateral donors are
reshaping their funding strategies, procurement systems, and
development priorities. Assortis attended and monitored five of
the most influential events on the global development
calendar—those organised by the Inter-American
Development Bank (IDB), the African Development Bank
(AfDB), the Asian Development Bank (ADB), the European
Bank for Reconstruction and Development (EBRD), and the
Dubai International Humanitarian Aid & Development
Conference (DIHAD).
Across these gatherings, the message was clear: development
cooperation is entering a new phase—one that requires agility,
digital capacity, local engagement, and a deeper alignment with
ESG principles. In this report, we share our synthesis of key
messages, thematic takeaways, and practical implications for
professionals and organisations working across the development
spectrum

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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