The World Bank and the Government of Tunisia have signed a financing agreement to implement the Tunisia Energy Reliability, Efficiency, and Governance Improvement Program (TEREG), a five-year initiative valued at US$430 million, including US$30 million in concessional financing. The program aims to modernize Tunisia’s energy sector by ensuring a sustainable, reliable, and affordable electricity supply…. [Read More]
World Bank
Unlocking Morocco’s Blue Economy: The Rising Potential of Sustainable Aquaculture
Morocco is positioning aquaculture as a key driver of sustainable growth, innovation, and job creation, with an ambitious target of producing 300,000 tons of aquaculture products and generating 30,000 jobs within the next decade. The country’s extensive coastline, diverse marine ecosystems, and growing domestic and global demand for sustainable seafood have created ideal conditions for… [Read More]
COP30: Amazonian Nations, IDB Group, and World Bank Group Unite to Boost Regional Connectivity
At the COP30 climate conference in Belém, Brazil, countries from the Amazon region launched the Alliance for Sustainable, Resilient, and Integrated Transport in the Amazon, a major initiative supported by the Inter-American Development Bank Group (IDB Group) and the World Bank Group. The alliance seeks to strengthen regional connectivity and transform transportation systems in the… [Read More]
African Development Bank’s SEFA Leads COP30 Discussion on Financing Renewable Energy and Energy Access in Africa
The African Development Bank Group and the Sustainable Energy Fund for Africa (SEFA) will host a high-level side event at COP30 in Belém, Brazil, on November 14, 2025. Titled “Mobilising Commercial Capital for Renewable Energy and Energy Access in Africa,” the session will take place at the Africa Pavilion and online, focusing on accelerating private… [Read More]
Bill & Melinda Gates Foundation Announces Major Investment to Help Farmers Adapt to Extreme Weather
The Bill & Melinda Gates Foundation has announced a new $1.4 billion, four-year commitment to help smallholder farmers adapt to the escalating impacts of climate change. Unveiled at COP30 in Belém, Brazil, the initiative focuses on improving resilience and protecting progress against poverty across sub-Saharan Africa and South Asia, where agricultural communities are increasingly vulnerable… [Read More]
How to Keep Transportation Systems Cool and Resilient Amid Global Warming
Transportation systems worldwide are increasingly vulnerable to the impacts of extreme heat, which can damage infrastructure, disrupt operations, and pose serious risks to both users and workers. A new report funded by the Global Facility for Disaster Reduction and Recovery (GFDRR), titled Heatwaves and Their Effects on Transportation Systems: A Comprehensive Review, consolidates global research… [Read More]
Jobs in a Changing Climate: How the Green Transition Is Reshaping Employment
A new World Bank report titled “Jobs in a Changing Climate: Insights from World Bank Group Country Climate and Development Reports (CCDRs)” reveals that investments in building climate resilience could generate benefits equivalent to 150 million jobs by 2050. Drawing on evidence from 93 economies—which together represent 64 percent of the population and 77 percent… [Read More]
Jamaica Receives Full $150 Million Payout from World Bank Catastrophe Bond Following Hurricane Melissa
Following the devastating impact of Hurricane Melissa, the Government of Jamaica will receive a full payout of $150 million under its catastrophe insurance coverage with the World Bank. The insurance is backed by a catastrophe bond issued in 2024 by the International Bank for Reconstruction and Development (IBRD). The third-party calculation agent, AIR Worldwide Corporation,… [Read More]
Enhancing Public Financial Management in Lao PDR to Improve Efficiency and Public Service Delivery
The World Bank has approved the second phase of the Enhancing Public Financial Management through Information and Communication Technology and Skills Project to support the Lao People’s Democratic Republic (PDR) in strengthening the management of its public finances. The $17.5 million initiative, financed through a low-interest loan from the International Development Association (IDA), aims to… [Read More]
Luxembourg, AfDB Deepen Collaboration to Drive Africa’s Sustainable Development
The African Development Bank Group President, Dr. Sidi Ould Tah, and Luxembourg’s Finance Minister, Gilles Roth, have reaffirmed their commitment to deepening cooperation as preparations continue for the seventeenth replenishment of the African Development Fund (ADF-17), the Bank’s concessional financing arm. The two leaders met on the sidelines of the 2025 World Bank and IMF… [Read More]
Uzbekistan Pioneers Universal Maternity Protection to Empower Women and Families
Uzbekistan is embarking on a transformative journey to modernize its social protection system, aiming to ensure that every woman, worker, and family receives the support they need during critical moments of life. Currently, nearly 94 percent of pregnant women in the country lack access to maternity benefits, highlighting the urgent need for reform. The government… [Read More]
Sierra Leone’s Economy Gains Stability as Private Sector Reforms Take Center Stage for Job Creation
Sierra Leone’s economy is demonstrating renewed resilience amid global challenges, with growth projected to reach 4.3 percent in 2025 and 4.6 percent by 2027, according to the latest World Bank Sierra Leone Economic Update (SLEU) launched in Freetown. The report attributes this positive outlook to improvements in agricultural productivity, expansion in the mining sector, and… [Read More]
Empowering Women and Driving Innovation: How Georgia’s GENIE Project Created Jobs and Transformed the Digital Economy
The Georgia National Innovation Ecosystem (GENIE) Project, launched in 2016 with support from the World Bank, has significantly advanced innovation, digital inclusion, and job creation across Georgia. By the time it concluded in 2023, the project had reached 52,000 beneficiaries—half of them women—financed 138 start-ups, and created more than 2,100 jobs, 50% of which were… [Read More]
IOM Calls for Stronger Global Support and Enhanced Migration Cooperation in Djibouti
During her visit to Djibouti, Ugochi Daniels, Deputy Director General for Operations at the International Organization for Migration (IOM), called on the international community to increase investment in comprehensive migration management that integrates humanitarian aid with long-term development. Djibouti, located at the crossroads of the Horn of Africa, plays a crucial role in regional migration… [Read More]
Ukraine’s Universities Embrace Digital Transformation and Emerging Technologies
At I.I. Mechnikov Odesa National University in Ukraine, master’s student Anna Brodarska is working with a newly commissioned liquid chromatograph—an advanced scientific instrument that will play a central role in her future PhD research on chromatography. The new equipment represents a major leap in technical modernization for the university, benefiting both chemistry and biology students…. [Read More]
Nepal Enhances Disaster Preparedness with ADB, IDA, and Switzerland Partnership for Climate-Resilient Infrastructure
The Asian Development Bank (ADB), the World Bank Group’s International Development Association (IDA), and the Swiss Agency for Development and Cooperation (SDC) have signed a three-year Memorandum of Understanding (MoU) to strengthen Nepal’s disaster risk reduction and management and support the development of climate-resilient infrastructure. This partnership reaffirms their joint commitment to helping the Government… [Read More]
Lesotho Accelerates Potato Value Chain Development to Strengthen Food Security
The Government of Lesotho, in partnership with the Food and Agriculture Organization of the United Nations (FAO) and the Potato Lesotho Association, is scaling up potato production to enhance food security, improve rural livelihoods, and strengthen climate resilience. Under the One Country One Priority Product initiative, potatoes have been identified as a strategic agricultural commodity,… [Read More]
Inter-American Development Bank Issues First $100 Million Amazonia Bond for Green Growth
The Inter-American Development Bank (IDB) has launched its first-ever Amazonia Bond, raising $100 million to finance sustainable development initiatives across the Amazon region. This milestone marks a breakthrough in mobilizing private capital for environmental protection and community empowerment, aligning financial innovation with the preservation of one of the world’s most critical ecosystems. Structured under the… [Read More]
World Bank to Support Nigeria’s ACE Project with $150 Million Funding Request
The Nigerian government has launched a new initiative to secure $150 million in development funding from the World Bank to implement the Africa Centres of Excellence (ACE) Innovate Project, aimed at strengthening research, innovation, and postgraduate education in the country’s universities. The proposed fund marks the next phase of the World Bank-supported ACE programme, which… [Read More]
Global Freshwater Losses Each Year Enough to Meet the Needs of 280 Million People
The world is losing an estimated 324 billion cubic meters of freshwater each year—enough to meet the annual needs of 280 million people—according to the World Bank’s first Global Water Monitoring Report, titled Continental Drying: A Threat to Our Common Future. Released in Washington, the report highlights how worsening droughts, unsustainable water management, weak pricing… [Read More]
Pakistan Urged to Close Gaps in Social Protection to Ensure Inclusion for All
The National Socio-Economic Registry (NSER) is a cornerstone of Pakistan’s social protection system, designed to identify and support vulnerable families across the country. Since its establishment in 2010, the registry has grown significantly—from covering 25.5 million families to 40 million by 2025—marking a major step forward in inclusive data collection. It underpins numerous government programs,… [Read More]
Nations Mobilize Global Partnerships to Strengthen National Programs Against Hunger and Poverty
Several countries have unveiled ambitious national programs to fight hunger and poverty through a new model of coordinated international cooperation. During the First Leaders’ Meeting of the Global Alliance against Hunger and Poverty in Doha, Ethiopia, Haiti, Kenya, and Zambia presented detailed implementation plans supported by international financial institutions, bilateral donors, UN agencies, and philanthropic… [Read More]
WHO Issues Urgent Call to Address Drastic Reductions in Global Health Funding
The World Health Organization (WHO) has issued new guidance to help countries mitigate the immediate and long-term impacts of sharp reductions in external health funding, which are severely affecting essential health services in many low- and middle-income countries (LMICs). The report, titled “Responding to the health financing emergency: immediate measures and longer-term shifts,” outlines practical… [Read More]
