In Madagascar’s southern Androy and Anosy regions, communities face extreme socio-economic and environmental hardship. Limited employment opportunities, coupled with chronic drought and windstorms like the locally known Tiomena, have left residents vulnerable. Agriculture, livestock, and livelihoods have suffered severe losses, placing ongoing pressure on food security and community resilience. To address these issues, the Government… [Read More]
World Bank
World Bank Backs El Salvador with New Funding for Economic Stability and Climate Resilience
The World Bank has approved a new loan to support El Salvador in strengthening its fiscal sustainability and improving its ability to respond to natural disasters and climate change. The financing package, totaling US$350 million, includes a US$100 million Catastrophe Deferred Drawdown Option (Cat DDO), which can be accessed following an official emergency declaration caused… [Read More]
Indonesia Unveils Global Accelerator Roadmap to Boost Self-Sufficiency and Human Capital
Indonesia, as one of the pathfinder countries of the Global Accelerator, formally endorsed its national roadmap for the Global Accelerator on Jobs and Social Protection for Just Transitions on 10 June 2025. This endorsement reflects Indonesia’s commitment to achieving the Sustainable Development Goals (SDGs), particularly in addressing poverty, reducing social disparities, and enhancing labour productivity… [Read More]
UN Fund Transforms $1 into $19: A Game-Changer for Global Development
The UN Joint SDG Fund is emerging as a powerful yet underrecognized force in global development, transforming each $1 into $19 of impact. Supported by governments around the world, the Fund has already improved the lives of over 200 million people. At a recent gathering at the UN headquarters, development leaders emphasized the Fund’s pivotal… [Read More]
Eswatini Accelerates Digital Transformation to Boost Economy and Create Jobs
The latest edition of the Eswatini Economic Update launched by the World Bank Group emphasizes the urgent need for Eswatini to embrace digitalization, improve public finance management, and address structural economic weaknesses to sustain long-term growth. The report, titled Harnessing the Potential of Digital Technologies for Eswatini’s Growth and Job Creation, analyzes the country’s recent… [Read More]
World Bank Launches Initiatives to Boost Jobs and Economic Resilience in the Pacific
World Bank Managing Director of Operations, Anna Bjerde, recently concluded a week-long visit to Fiji, Papua New Guinea, and Australia, where she focused on advancing new strategies for job creation, economic resilience, and delivering faster, more effective development outcomes in the Pacific region. The visit aimed to strengthen partnerships and bring global expertise closer to… [Read More]
Philippines: World Bank Supports Resilience Building for 18 Million Vulnerable Households
Around 18 million households in the Philippines are expected to see a reduction in their vulnerability to natural disasters through a new World Bank-supported initiative known as the Philippines Community Resilience Project, or “Pagkilos.” The project focuses on strengthening community-led planning and infrastructure investment to tackle climate and disaster risks. Local communities will be directly… [Read More]
Serbia Partners with World Bank to Enhance Primary Education and Modernize Curriculum
The World Bank’s Board of Directors has approved a €66.3 million (approximately $75 million) loan to support Serbia’s ongoing educational reforms through the Inclusive Primary Education Improvement Project. This initiative aims to enhance learning environments for primary school children across the country. The project is expected to benefit around 250,000 primary-level students, including those from… [Read More]
Ethiopia: IFAD to Support 5 Million Rural Residents in Strengthening Climate Resilience
The International Fund for Agricultural Development (IFAD) and the Government of Ethiopia have signed a financing agreement to launch Phase II of the Lowlands Livelihood Resilience Project (LLRP II). With total funding of US$424 million, this phase aims to support three million livestock herders in Ethiopia’s drought-prone lowlands to adapt to climate change, while indirectly… [Read More]
Montenegro to Boost Digital Financial Access with World Bank Support
The World Bank’s Board of Executive Directors has approved a EUR 8 million loan to Montenegro to modernize its digital payments infrastructure. The initiative aims to expand access to digital financial services for both businesses and consumers while reducing the cost of domestic and international transactions. The project, titled Montenegro Financial Infrastructure Modernization and its… [Read More]
World Bank Supports Belize’s Efforts to Boost Climate and Disaster Resilience
The World Bank Group’s Board of Executive Directors has approved a US$20 million Development Policy Credit with a Catastrophe Deferred Drawdown Option (Cat-DDO) for Belize. This funding mechanism offers immediate access to emergency financing in the event of a natural disaster and supports critical policy reforms aimed at enhancing the country’s climate and disaster resilience…. [Read More]
Beyond Aid: The World Bank Framework that Seeks to Empower Millions of Filipinos
The World Bank Group’s Country Partnership Framework for the Philippines covering 2025 to 2031 arrives at a pivotal moment in the country’s economic and social trajectory. With the Philippine economy nearing upper‑middle‑income status and development indicators showing considerable progress, the new framework is designed to build on this momentum while addressing persistent gaps in access… [Read More]
World Bank Pledges $50 Million to Empower African Think Tanks
African think tanks play a vital role in providing localized analysis and policy recommendations that have practical impacts on the ground. To support and enhance their influence, the World Bank has committed $50 million to strengthen these institutions, aiming to promote evidence-based policymaking across the continent. The funding is channeled through a new initiative under… [Read More]
AfDB Grants $30 Million to Help Benin Farmers Tackle Climate Change and Hunger
The African Development Bank Group has approved $30.25 million to support a groundbreaking initiative aimed at enhancing climate resilience and securing agricultural livelihoods in Benin. The project will assist 150,000 smallholder farmers, a vital workforce in a country where agriculture employs the majority but remains vulnerable to erratic climate patterns. The Alibori and Atakora regions… [Read More]
Saving Lives and Livelihoods: Financial Inclusion Efforts in Eastern and Southern Africa
The World Bank has approved a $400 million financing package for the second phase of the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) Program. This phase will benefit over 12 million people in Angola, Burundi, Malawi, Seychelles, and Zambia by enhancing financial readiness against climate-related and other disasters. The initiative aims to leverage… [Read More]
African Development Bank and OPEC Fund Partner to Strengthen Environmental and Social Safeguards Across Africa
The African Development Bank and the OPEC Fund for International Development have launched a strategic partnership aimed at enhancing environmental and social safeguards across Africa. The initiative was inaugurated through a continent-wide capacity-building workshop held from 3–5 June 2025 at the OPEC Fund Headquarters in Vienna, Austria. The event convened over 50 development professionals from… [Read More]
IFC Joins Forces with Eneris to Drive Sustainable Waste Solutions in Poland
IFC, a member of the World Bank Group, has announced an investment of up to €80 million in partnership with Eneris Alpha S.A., the financial holding company of Eneris Group. This investment aims to support the development of advanced waste treatment facilities and strengthen circular economy practices in Poland. The initiative is expected to contribute… [Read More]
New Pandemic Fund to Strengthen South Africa’s Health Security
A new global initiative to support pandemic preparedness in low- and middle-income countries will be officially launched later this week. The South African Department of Health, in partnership with the World Health Organization (WHO), the Food and Agriculture Organization (FAO), and UNICEF, will lead the launch of the Pandemic Fund. The initiative aims to enhance… [Read More]
New Aid Budget Prioritizes Transparency, Value for Money and Results
The UK government has released new figures outlining how its international aid budget for 2025–2026 will be spent, with a clear focus on delivering value for money to taxpayers and achieving the highest possible impact for vulnerable populations overseas. This strategic shift comes in light of a planned reduction in the aid budget to 0.3%… [Read More]
New Funding Agreements to Improve Education in Mauritania and Chad
The Governments of Mauritania and Chad have signed funding agreements for the Regional Engagement for Learning and Collaboration in Education (RELANCE) Project, backed by the World Bank and the Federal Republic of Germany. The total financing amounts to $137 million, aimed at transforming the education systems in both countries. RELANCE seeks to improve education sector… [Read More]
New World Bank Report Highlights India’s Urban Resilience Opportunity
A new World Bank report emphasizes the immense economic potential of Indian cities, projecting that by 2030, 70 percent of new jobs will originate from urban areas. However, it warns that immediate action is necessary to address the impacts of extreme weather events, which could otherwise lead to billions in future economic losses. Titled Towards… [Read More]
AfDB and SEFA Provide $40 Million Equity Boost to Zafiri for Expanding Clean Energy Access in Africa
The African Development Bank’s Board of Directors has approved a $40 million equity investment in Project Zafiri, a transformative equity platform developed under Mission 300, which aims to connect 300 million people to electricity across Africa by 2030. This strategic investment is designed to accelerate the deployment of Decentralized Renewable Energy (DRE) solutions, particularly in… [Read More]
African Development Bank Invests $282 Million to Boost Renewable Energy in Tanzania’s Islands
The African Development Bank Group has approved a $282.07 million investment to support the installation of high and medium voltage submarine power cables to Zanzibar’s Unguja and Pemba Islands, and Mafia Island in Tanzania. The project aims to expand access to clean and reliable electricity and promote the use of clean cooking technologies in these… [Read More]
