In the heart of the Pacific Ocean, on a narrow atoll barely rising above the sea, sits one of the most remarkable pieces of infrastructure in the world, not because it is the largest, or the busiest, ...

The World Bank is strengthening its procurement requirements to help address the jobs challenge in developing countries by requiring companies working on World Bank-funded projects to include local ...

Global gas flaring increased by 9 billion cubic meters (bcm) in 2023, reaching 148 bcm, the highest level since 2019. The top ...

More adults than ever in low- and middle-income countries now have bank or other financial accounts, leading to a rise in formal saving, according to the World Bank Group’s Global Findex 2025 report.

The World Bank's annual Country Policy and Institutional Assessment (CPIA) Report has been a guide for countries, ...

Two-thirds of the world’s energy is wasted. Energy efficiency opens up immense opportunities for growth, energy security, and the environment. Energy efficiency is a key element of the World Bank ...

The World Bank and Italy today signed an agreement to advance sustainable development in Africa, complementing the country’s recent contributions to multilateral development and increasing its ...

Reconstruction and recovery needs in Gaza are estimated to require $53 billion, according to the Gaza & West Bank Interim Rapid Damage and Needs Assessment (IRDNA).

Lebanon's real GDP growth has been cut by an estimated 6.6% in 2024 as a result of the conflict, bringing the cumulative decline in real GDP since 2019 to more than 38% by the end of the year, ...

The report “Shock Waves: Managing the Impacts of Climate Change on Poverty” commissioned 14 background papers in collaboration with research institutions across the globe to provide the report with ...

As differences in price levels across the world evolve, the global poverty line has to be periodically updated to reflect these changes. Since 2015, the last update, we have used $1.90 as the global ...

More than a decade of conflict compounded by external shocks have further worsened Syria’s dire economic situation in 2023 and led to a dramatic deterioration in the welfare of Syrian households, ...