World bank report. Poverty rates rose to 25.

World bank report. Across the World Bank Group, we are working to stimulate The 2023 ID4D and G2Px Annual Report 2023 was another impactful year for the World Bank’s Identification for Development and Digitalizing Government to Person Payments (G2Px) Initiatives. Country and Project-level Evaluations The report was funded by the World Bank and the Digital Development Partnership Trust Fund, which offers a platform for digital innovation and development financing, bringing public and private sector partners together to advance digital solutions and drive digital transformation in low- and middle-income countries. Annex 11 Development Committee Member Statement – April 2019 Development Committee Communiqué – April 2019 African Governors’ Caucus: Accra Declaration – August 2019 Real GDP in the Africa Group 1 Constituency (Percent) The human capital index (HCI), 2018 Financial Intermediary Funds Open CAO cases in the Constituency Countries Rotation Schedule for the Constituency Chairmanship But, because the world of data is changing at an incredibly fast pace, this report will also reflect new lessons learned since previous reports. The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Access economy facts, statistics, project information, development research from World Bank experts and breaking news. In fiscal year 2024, the World Bank Group adopted a bold new vision of a world free of poverty on a livable planet. 2 billion people are at high risk from climate-related hazards, but much can be done to make people, business, communities, and countries more resilient. The World Bank has set a clear mission: ending extreme poverty and boosting shared prosperity on a livable planet. Latest news and information from the World Bank and its development work on Energy. Apr 25, 2023 · World Development Report 2023: Migrants, Refugees, and Societies World Development Report 2023 Home Team Members Events Data Learning Background Papers Around the World The launch of the World Development Report (WDR) 2021, Data for Better Lives is accompanied by an innovative data website. The World Bank Group engagement with the country is structured around a model that provides development solutions adapted to the country, with an integral package of financial, knowledge and convening services. Interest payments surged by nearly a third to $406 billion, squeezing the budgets of many countries in critical areas such as health, education, and the environment. Aug 19, 2024 · Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It is a story of speed, scale, and ambition and an enduring commitment to investing in Africa’s people. Search by topic, language, date or keyword. Our work focuses on addressing supply and demand side constraints to digital transformation, around key pillars including inclusive access to fast, reliable, safe and affordable internet. Jun 10, 2025 · The World Bank Group works in every major area of development. This progress report, highlights how the World Bank has supported countries in Africa to weather the COVID-19 pandemic. 8 percent, significantly higher than 1. Access Africa’s economy facts, statistics, project information, development research from experts and latest news. This report offers the first post-pandemic assessment of global progress toward these interlinked goals, and explores potential pathways out of today's polycrisis - an environment where multiple and interconnected challenges are impacting the world simultaneously. To achieve this, the Bank Group is enacting reforms to . Feb 28, 2025 · A new World Bank report titled “Driving Inclusive Growth in South Africa: Quick Wins with Competitive Markets and Efficient Institutions” asserts that a robust economic recovery, shared across all sectors of society, can be achieved in the immediate future by implementing a series of policy actions in four priority areas: infrastructure services; greater private sector participation The World Bank Group has set a clear mission: ending poverty and boosting shared prosperity on a livable planet. In Armenia, for example, the Bank is helping the government to strengthen tax collection to overcome some of the setbacks it incurred during the financial crisis. The report illustrates how bond proceeds support the financing of projects and programs in IBRD member countries in line with the World Bank Group mission to end extreme poverty and boost shared prosperity on a livable planet. Support from the international community weakened notably during the two-year conflict in Tigray. World Development Report 2022: Finance for an Equitable Recovery examines the central role of finance in the economic recovery from the pandemic. The World Bank has been a strong partner with Saudi Arabia for over 50 years. This website complements the WDR2021 publication and uses data stories to highlight the recommendations from the report. Crises like COVID-19 and economic challenges reverse previous gains, affecting vulnerable communities and stressing the need for inclusive policies. Learn about economic trends, policies, GDP growth, risks, and inflation rates affecting the world economy, stability, and development. Read our Annual Report 2024 Summary to learn more about our work in fiscal 2024. The report emphasizes that TFs and FIFs are flexible and responsive tools in the World Bank's toolkit of policy and financial instruments. The world is facing a pivotal moment of urgent global challenges for development. Access West Bank and Gaza’s economy facts, statistics, project information, development research from experts and latest news. According to the World Bank's report- titled "Global Economic Prospects, January 2025", the global economy is forecasted to remain steady at 2. The creation of a global report on public administra-tion reform that aligns with the World Bank’s updated Evolution Roadmap, concentrating on how to expand organizational capacity within public administration to meet global challenges, improve employment and live-lihoods, enhance human capital, and rebuild trust in government. Acknowledgment The Timor-Leste Economic Report (TLER) is a bi-annual World Bank report that assesses recent macroeconomic developments, outlook, and risks, as well as specific development challenges for the Timorese economy. 3%, compared with 18. Get the latest World Bank data, research and development indicators for Argentina. Latest news and information from the World Bank and its development work in Africa. Dec 7, 2023 · This report, also known as the RAP, is the 2023 annual review of the World Bank Group’s development effectiveness. The 2024 annual report highlights the significant impact of Trust Funds (TFs) and Financial Intermediary Funds (FIFs) on global development. WASHINGTON, June 26, 2024—After a period of strong growth during 2021-2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023, reaching an estimated $656 billion, according to the World Bank’s latest Migration and Development Brief, released today Nov 20, 2024 · About 1. The true size of remittances, including flows through informal channels, is also believed to be even larger. The World Bank comprises the International Bank for Reconstruction and Development (IBRD) and the International Development Associ- ation (IDA). 2 It will assess the evidence for and against the existence of a “middle-income trap,” a notion that many countries remain in a narrow income band over long periods of Dec 13, 2024 · New World Bank Report Recommends Reforms to Shore Up Growth in CambodiaPHNOM PENH, December 13, 2024 — Economic activity held steady in Cambodia in 2024, with external demand driving a revival in exports, despite uneven performance across sectors. The report's Latest news and information from the World Bank and its development work in Romania. The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. The World Bank Annual Report 2024 showcases the results, leadership, and vision of the institution for a better world. Oct 1, 2024 · Economies do better at enacting regulations to improve the national business climate than they do in providing the public services needed to secure actual progress, according to the World Bank Group’s new Business Ready report. . The World Bank In Mexico Mexico is the second largest economy in Latin America. The Myanmar Economic Monitor series provides an analytical perspective on key policy challenges facing the country. This report documents how the sanctions system—the Integrity Vice Presidency, the Office of Suspension and Debarment, and the Sanctions Board and its Secretariat—worked to help ensure that funds were used as Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. Access economy facts, statistics, project information, development research from World Bank experts and breaking news We would like to show you a description here but the site won’t allow us. Jul 8, 2025 · The World Bank's Prospects Group conducts in-depth analysis of key global macroeconomic developments and their impact on World Bank member countries. However, efficiency gains varied by region and income level. Sep 16, 2024 · Get the latest World Bank data, research and development indicators for India. Get the latest World Bank data, research and development indicators for Pakistan. 85 per day. Access Yemen’s economy facts, statistics, project information, development research from experts and latest news. Apr 21, 2025 · The World Bank's Digital Transformation team works hand-in-hand with governments to help create strong foundations for the digital economy to thrive. 5%, increasing the number of Latest news and information from the World Bank on its work in agriculture and the food system. Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies what developing economies can do to avoid the “middle-income trap. Global activity is now moderating after a strong recovery from the pandemic-induced recession. Dec 1, 2021 · The World Bank’s Russia Economic Report analyzes recent economic developments, presents the medium-term economic outlook, and provides an in-depth analysis of a particular topic. According to the latest World Bank Africa’s Pulse report, rising instability, weak growth in the region’s largest economies, and lingering uncertainty in the global economy are dragging down growth prospects in the region. 2 billion people - one in five people in the world – are at high risk from climate-related hazards, but much can be done to make people, business, communities, and countries more resilient. FISCAL YEAR DATA Review breakdowns of World Bank lending data and download additional fiscal year information, including the full financial statements for IBRD and IDA, summaries of operations approved in fiscal 2024, and other organizational information for the World Bank. Our five institutions1share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Open Knowledge Repository provides access to World Bank's research, publications, and data for global development and poverty reduction. Access China’s economy facts, statistics, project information, development research from experts and latest news. Following a sharp Ethiopia faces political, economic, and humanitarian challenges. Access facts, statistics, project information, development research from experts and latest news about Climate Change. The new World Bank flagship report “Rising to the Challenge” argues that reducing climate and disaster impacts requires a combination Jul 31, 2025 · Japan joined the World Bank in August 1952, the year after the signing of the San Francisco Peace Treaty. The update includes new survey data for several country-years, adoption of the 2021 Purchasing Power Parities (PPPs), and revised global poverty lines. 7% in 2025 and 2026, maintaining the same forecast as on June 2024 projection. 1 percent registered in 2022. Access South Africa’s economy facts, statistics, project information, development research from experts and latest news. Views and opinions expressed in the adaptation are the sole responsibility of the author or authors of the adaptation and are not endorsed by the World Bank. There are now 75 carbon pricing instruments in operation worldwide. ” […] This report highlights the impact of women’s political representation on economic growth. Consequently, the global extreme poverty rate in 2022 is revised from 9. The World Bank open data site is expanding to Data360, a newly curated collection of data, analytics, and tools to foster development. The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) are two of the five institutions of the World Bank Group (WBG). The Financial Statements may be accessed at Latest news and information from the World Bank and its development work in South Africa. World Bank Jun 14, 2018 · Adaptations—If you create an adaptation of this work, please add the following disclaimer along with the attribution: This is an adaptation of an original work by The World Bank. Oct 31, 2024 · 1. In line with its global strategy for health, nutrition, and population, the World Bank Group provides financing, state-of-the-art analysis, and policy advice to help countries expand access to quality, affordable health care; protects people from falling into poverty or worsening poverty due to illness; and promotes investments in all sectors that form the foundation of healthy societies. 5 billion to service their external public and publicly guaranteed debt in 2022, the World Bank’s latest International Debt Report shows. I Dr. Results and Performance of the World Bank Group (RAP): This report is prepared annually to provide a comprehensive assessment of the World Bank Group’s development effectiveness, drawing on project portfolio data. Access facts, statistics, project information, development research from experts and latest news about Energy The World Bank Group has set a clear mission: ending poverty and boosting shared prosperity on a livable planet. Access Romania’s economy facts, statistics, project information, development research from experts and latest news. But subsidies for fossil fuels, agriculture, and fisheries World Bank Annual Report 2017 Financial Statements incorporated by reference. ” This comprehensive report, a collaborative effort between the Government of Rwanda and the World Bank, highlights the country’s significant economic achievements and presents recommendations to sustain growth in The World Bank Group works in every major area of development. The Pakistan Development Update (PDU) is the World Bank Pakistan flagship report that discusses the latest macroeconomic developments and policy issues that are critical to the country’s long-term economic development. 0% to 10. The report emphasizes that reducing poverty and increasing shared prosperity must be achieved in ways that do not come at unacceptably high costs to the environment. Total inventories for OECD countries are end-of-period commercial crude oil and other liquids inventories. Nov 12, 2024 · Discover how people are at the center of climate change risks, but also at the core of adaptation and mitigation solutions. Each institution publishes its own annual report, all of which are available online. 6% growth rate in the first three quarters of 2023. About 1. We take very seriously any allegation of fraud, corruption, or other sanctionable practices in the programs we finance. The World Bank Group’s commitment to fighting corruption is reflected in robust mechanisms across its constituent institutions that enhance the integrity of our operations. At the current pace, it would take decades to eradicate extreme poverty and more than a century to lift people above $6. The Poverty, Prosperity, and Planet Report 2024 is the latest edition of the series formerly known as Poverty and Shared Prosperity. 4 trillion to service their foreign debt as their interest costs climbed to a 20-year high in 2023, the World Bank’s latest International Debt Report shows. These are Latest news and information from the World Bank and its development work in Kenya. Sep 15, 2025 · This report examines poverty trends and distribution of the poor in this larger context, paying particular attention to the most recent past. Convened by the World Bank, the meeting marked the presentation of the 2025 Policy Notes on Ghana, under the theme “Transforming Ghana in a Generation. Get the latest World Bank data and publications. The recent record suggests that middle-income countries have experienced a sharper slowdown during the last decade (Kose and Ohnsorge 2023). It is critical for the World Bank Group remain vigilant against corruption in the projects it finances. Oct 4, 2023 · Sub-Saharan Africa: Sub-Saharan Africa’s economic outlook remains bleak amid an elusive growth recovery. Jun 11, 2024 · The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards, according to the World Bank’s latest Global Economic Prospects report. The Prospects Group leads the World Bank’s forecasting work and produces the semi-annual Global Economic Prospects flagship report. The World Bank Group helps developing countries build smart infrastructure that supports inclusive and sustainable growth. ” Lower-middle-income countries must go beyond investment-driven strategies—they must also adopt Get the latest World Bank data, research and development indicators for Brazil. The organization’s mission is to end extreme poverty and boost shared prosperity in a sustainable way. S. The current “polycrisis”—where the multiple crises of slow economic growth, increased The latest global economic outlook for 2025 from the World Bank. The World Bank’s World Development Report, published annually since 1978, is an invaluable guide to the economic, social, and environmental state of the world today. Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. The pace of change in the digital world is astounding and each day brings the world new stories of amazing advances in commerce, communication, well-being and many other aspects of our lives. This report documents how the offices of the World Bank Group's sanctions system worked in FY23 to help ensure that the Banks’s funds are used in a transparent and accountable manner and only for their Jan 19, 2023 · The Report will summarize the growth record of economies at different income levels. Latest news and information from the World Bank and its development work in China. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the Dec 18, 2024 · Officially recorded remittances to low- and middle-income countries (LMICs) are expected to reach $685 billion in 2024. Search them by keyword or browse by country, sector and theme. Women’s participation and leadership improves the management of natural resources, strengthens resilience, and makes economies more competitive. ENDING EXTREME POVERTY AND BOOSTING SHARED PROSPERITY ON A LIVABLE PLANET The first post-pandemic assessment of global progress on this interlinked agenda shows: The world will not meet the SDG1 by 2030. 1 percent for 2023 compared to the 3. Access economy facts, statistics, project information, development research from World Bank experts and breaking news Explore data and statistics on countries worldwide from The World Bank. 5 hours ago · The World Bank warns of rising poverty in Pakistan, urging comprehensive reforms. According to the World Bank’s Cambodia Economic Update: From Recovery to Resilience: Harnessing Tourism and Trade as Drivers of Growth, released The EU Regular Economic Report (RER) is an annual publication of the World Bank, which presents economic developments and prospects in the European Union (EU), with a special focus on countries most engaged with the World Bank Group in EU Central and Eastern European countries (EU-CEE). It explains how they work in tandem with bank operations and offer targeted and customized solutions. They propose policy recommendations and innovative solutions, contributing to evidence-based decision-making and fostering international collaboration for sustainable economic development. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial Apr 3, 2025 · The Nepal Development Update is produced twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the We would like to show you a description here but the site won’t allow us. The report contributes to our understanding of the progress made in combating poverty in three ways. We would like to show you a description here but the site won’t allow us. Our five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. Poverty rates rose to 25. Latest news and information from the World Bank and its development work in Yemen. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the These reports offer in-depth analyses of the global economic landscape, presenting key insights into development challenges, trends, and opportunities. It can unlock economic productivity, reduce poverty, deepen social cohesion, and enhance wellbeing and prosperity. According to World Bank’s Global Economic Prospects of June 2023, the global economy has slowed with a projected growth rate of 2. Jun 10, 2025 · Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. On the upside, global inflation is returning to its target levels and monetary easing is supporting activity in advanced economies and emerging market and developing A new World Bank report examines how subsidy reform can help safeguard the world’s foundational natural assets—clean air, land, and oceans. The World Bank’s The Changing Wealth of Nations (CWON) program provides the most comprehensive wealth database currently available, which can provide insights on the sustainability of economic progress, complementing GDP. Overview According to the January 2025 Global Economic Prospects report, the global economy is stabilizing, even as growth prospects appear insufficient to offset the impact of several years of successive negative shocks. The Management’s Discussion and Analysis and Audited Financial Statements of IBRD and IDA (“Financial Statements”) shall be deemed to be incorporated in and to form part of this Annual Report. It also produces Dec 3, 2024 · Developing countries spent a record $1. This report offers the first postpandemic assessment of global progress on this agenda. 2 billion people face life-changing risks through exposure to at least one critical climate hazard, such as heatwaves, flooding, hurricanes, and drought. May 23, 2023 · Revenues from carbon taxes and Emissions Trading Systems (ETS) have reached a record high, about $95 billion, finds the World Bank’s annual “State and Trends of Carbon Pricing” report. The increase in costs shifted scarce resources away from critical needs such as health, education, and the environment. Mar 27, 2025 · The number of people exposed to dangerously high level of air pollution could be halved by 2040 with targeted policy action, according to a new World Bank report. Debt-service payments—which News, information, knowledge, resources, learning on infrastructure. This is an ongoing effort and we welcome your feedback Jun 5, 2025 · The Poverty and Inequality Platform (PIP) updated global poverty estimates up to 2023, including nowcasted estimates up to 2025. It replaces and improves upon the Doing Business project. Sep 28, 2023 · The World Bank Annual Report 2023 highlights development achievements, challenges, and strategies for a sustainable and inclusive future. 1 day ago · Port performance across the world declined between 2020 and 2024 due to the Red Sea Crisis, challenges at the Panama Canal, and pandemic-related shocks, according to a new report released today. Rwanda's economy has remained resilient and adaptable despite challenging external and domestic factors, achieving a 7. Find official documents and reports from the World Bank Group, including annual reports, project documents, publications and research. With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions. 2 percent registered in 2023. Energy Information Energy Administration’s Short-Term Energy Outlook Report, July 2024 edition. Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. This Annual Report takes stock of the achievements and lessons, and the contributions of ID4D and G2Px to make digital ID and government-to-person (G2P) payments systems safer and more inclusive by putting On September 11, 2025, stakeholders from government, civil society, and the international development community converged at the World Bank Building in Accra for a high-level policy dialogue on Ghana’s future. Finance and Prosperity is an annual World Bank report that examines financial sector developments and vulnerabilities in low- and middle-income countries. The growth rate of remittances in 2024 is estimated to be 5. It also provides an in-depth examination of selected economic and policy issues and an analysis of Nigeria’s medium-term development challenges. World Bank Annual Report 2020 Executive Summary About the World Bank The World Bank—comprising IBRD and IDA—works closely with countries to provide assistance where it is needed most. Data based on the U. It is intended for a wide audience The Global Program on Sustainability (GPS) 2024 Annual Report showcases the breadth of the program's work: GPS is simultaneously harnessing the power of analytics and partnerships and shifting the intellectual discourse through groundbreaking research, while increasingly emphasizing social inclusion. The NDU assesses recent economic and social developments and prospects in Nigeria, and places these in a longer-term and global context. 3% in 2022. This report documents how the sanctions system—the Integrity Vice Presidency, the Office of Suspension and Debarment, and the Sanctions Board and its Secretariat—worked to Latest news and information from the World Bank and its development work on Climate Change. Floribert Ngaruko Executive Director The slowdown of the global economy has presented uneven regional dynamics. Nov 7, 2024 · The World Bank Group Sanctions System Annual Report FY 2024 When World Bank Group project funding is not used for its intended purpose, it hurts the poorest and most vulnerable people. Our five institutions1 share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. 4 days ago · Latest news and information from the World Bank and its development work in West Bank and Gaza. Access Kenya’s economy facts, statistics, project information, development research from experts and latest news. Access economy facts, statistics, project information, and development research from World Bank experts. Over half of the collected revenue was used to fund climate and nature-related programs. The new World Bank flagship report “Rising to the Challenge” argues that reducing climate and disaster impacts requires a combination of more rapid development, more resilient development, and The latest global economic outlook for 2025 from the World Bank. Countries with more women in political office pass more laws enhancing women’s economic rights (as measured by the Women, Business and the Law index), boosting female labor force participation and economic growth. These assets are critical for human health and nutrition and underpin much of the global economy. Download the report in multiple languages, or browse the highlights, perspectives, and stories by region and theme. ABOUT US The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. May 21, 2024 · In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s annual “State and Trends of Carbon Pricing 2024” report. First, it updates our knowledge of poverty outcomes by examining the trends in poverty and vulnerability, as well as the profile and distribution of the Nov 13, 2024 · Today, the Government of Rwanda and the World Bank launched the Rwanda Country Economic Memorandum (CEM), titled “Pathways to Sustainable and Inclusive Growth in Rwanda. Feb 18, 2025 · The West Bank’s economy is also struggling and is projected to have shrunk by 16% in 2024. The World Bank has funded 11,690 projects in 172 countries since 1947. Jun 20, 2025 · More developing economies are turning to off-budget and more complex borrowing arrangements in response to a tighter financing environment, making it harder to fully assess public debt exposures, according to a new World Bank report on debt transparency. 3% in 2024-25, with significant social deficits and regional disparities. In doing so, the TLER aims to inform the public policy debate and is geared towards a wide audience, including the general public, the government, the private sector The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) are two of the five institutions of the World Bank Group (WBG). Education Finance Watch 2022 (EFW), an annual report on the global state of education financing jointly produced by the World Bank (WB), the Global Education Monitoring (GEM) Report, and the UNESCO Institute for Statistics (UIS), finds that despite the significant learning losses stemming from the COVID-related school closures, in 2020, the Gender equality is essential for development. The government in Saudi Arabia has been utilizing the Bank’s global knowledge and development experience through technical assistance programs. The Update is intended for a wide audience including policy makers, business leaders, the community of analysts and Partnerships in Action This report provides updates on activities as of the end of the World Bank Group’s fiscal year 2024 (fiscal 2024 or FY2024), a 12-month period from July 1, 2023 to June 30, 2024. Dec 13, 2023 · Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443. Given that this is the first The World Bank Group is the largest financier of education in the developing world, working in 94 countries and committed to helping them reach SDG4: access to inclusive and equitable quality education and lifelong learning opportunities for all by 2030. It examines the evolution of project-level results and performance of the World Bank Group, project development outcomes underlying project performance ratings, and the validity of the monitoring and evaluation frameworks tasked with measuring them. The World Bank’s Global Tax Team has stepped up its work in coordinating across institutions on international tax issues and delivering country-based interventions. The World Bank’s International Debt Report features external debt statistics and analysis for low- and middle-income countries and information on new bond issuance in international capital markets. When World Bank Group project funding is not used for its intended purpose, it hurts the poorest and most vulnerable people. 18 hours ago · World Bank Country Director for Pakistan Bolormaa Amgaabazar, speaking at a press briefing, said the current poverty rate stands at 25. Starting in 1953, a number of projects were implemented in Japan with World Bank loans for the development of the nation’s economic foundation. However, a new report from the World Bank Group outlines how faster development and sustainable economic growth can reduce climate change-related economic and quality of life losses. The report, jointly produced by the World Bank Group, the United Nations and the European Union, puts forward a roadmap for sequencing recovery efforts along with their associated costs in the short and medium term. The 2024 Results and Performance of the World Bank Group report – also known as the RAP– is the fourteenth annual report in the series. Access facts, statistics, project information, development research from experts and latest news about poverty. . May 12, 2025 · The Nigeria Development Update (NDU) is a biannual World Bank report series. Latest news and information from the World Bank and its development work on poverty. uze tjm qzkph zaxln iwyej snth amzkk ziy cijum glnugbz