The World Bank is updating its procurement requirements to address the pressing challenge of job creation in developing countries. Beginning September 1, 2025, companies bidding on international civil works contracts—such as those involving transportation and energy infrastructure—under World Bank-funded projects will be required to allocate at least 30% of labor costs to local labor. This… [Read More]
World Bank
Rising Above Displacement: Youth-Led Education Reform in Somalia’s Marginalized Regions
The Rajo Kaaba Program is a World Bank–funded initiative aimed at empowering Somali girls from vulnerable and displaced communities by providing access to diploma-level education in nursing, midwifery, and education. A total of 2,278 girls have received scholarships under this initiative. Implemented in collaboration with Somalia’s Ministry of Education, Culture, and Higher Education, the program… [Read More]
How Jamaica’s Disaster Resilience Strategies Are Protecting Communities
Hurricane Beryl’s landfall in Jamaica marked a turning point in the country’s disaster resilience, as strategic investments helped significantly reduce the storm’s impact. Unlike past storms that devastated towns like Annotto Bay, the country’s strengthened infrastructure protected lives, homes, and critical services. The improvements were part of the Jamaica Disaster Vulnerability Reduction Project, a government… [Read More]
12 Million Kenyans Targeted in New Economic Inclusion and Human Capital Development Initiative
The World Bank has approved the Second Kenya Social and Economic Inclusion Project (KSEIP2), aimed at strengthening Kenya’s social protection systems and expanding safety net support to 12 million people. This initiative will target vulnerable groups including the elderly, women, adolescents, and children, with a strong focus on promoting human capital development and economic inclusion…. [Read More]
Sierra Leone Receives 500 Metric Tons of White Rice from ECOWAS to Bolster Food Security
Following a 2024 food security vulnerability analysis, the ECOWAS Commission committed to assisting its Member States, including Sierra Leone, through the deployment of food stocks from its Regional Food Security Reserve. Although the support was initially scheduled earlier, the intervention in Sierra Leone was delayed and carried out on July 14, 2025. In a formal… [Read More]
African Development Bank Approves Energy Access Financing for Rwanda
The African Development Bank Group’s Board of Directors has approved €173.84 million for Rwanda’s Energy Sector Result-Based Financing (RBF II) program. This initiative aims to modernize Rwanda’s electricity infrastructure, expand clean energy access, and enhance institutional capacity within the sector. An additional €86.92 million in co-financing will be provided by the Asian Infrastructure Investment Bank… [Read More]
World Bank Achieves Historic Demand for EUR 3 Billion 10-Year Sustainability Bond
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has successfully priced a 10-year EUR benchmark bond maturing in July 2035. The Sustainable Development Bond raised EUR 3 billion from global investors to support the financing of sustainable development initiatives in World Bank member countries. The bond was priced at a spread of… [Read More]
Honduras: World Bank Backs Road Infrastructure Upgrade in Northern Region
The World Bank’s Executive Board has approved a US$100 million project aimed at rehabilitating and improving the management of 174 kilometers of the CA-13 Highway in Honduras. This strategic corridor, which connects La Ceiba and Puerto Castilla, will benefit approximately 615,000 people, including women, Indigenous groups, and Afro-descendant communities. The initiative focuses on enhancing road… [Read More]
World Bank Backs Ceará’s Green Hydrogen Strategy for Economic Growth
The World Bank Board of Directors has approved a new operation to support the green hydrogen strategy of the Companhia de Desenvolvimento do Complexo Industrial e Portuário do Pecém (CIPP) and the Government of Ceará, Brazil. This initiative focuses on enabling clean hydrogen production within the Pecém Industrial and Port Complex, positioning Ceará as a… [Read More]
World Bank Group and Global Environment Facility: Driving Climate Action and Sustainable Development
Since its establishment more than 34 years ago, the Global Environment Facility (GEF) has played a critical role in addressing global environmental challenges. Co-founded by the World Bank Group, the United Nations Environment Programme (UNEP), and the United Nations Development Programme (UNDP), the GEF has supported developing countries in adopting integrated approaches to sustainable development…. [Read More]
World Bank Approves $1 Billion to Boost Ethiopia’s Economic Reforms and Private Sector Growth
The World Bank has approved a $1 billion Development Policy Operation (DPO) to support Ethiopia’s ongoing economic reforms and promote inclusive, private sector–driven growth. This funding package—comprising a $650 million grant and a $350 million concessional credit from the International Development Association (IDA)—builds on a previous operation approved in July 2024 under Ethiopia’s homegrown Economic… [Read More]
World Bank Group Turns $29 Billion into Trillions for Development Worldwide
Introduction In the realm of international development, the World Bank Group stands out as an unparalleled entity. With a staggering return on investment exceeding 50 to 1, this organization has successfully transformed a substantial $29 billion into an impressive nearly $1.5 trillion directed towards development initiatives. Financial Impact The remarkable financial transformation achieved by the… [Read More]
A Record Year for Climate Action: Carbon Pricing Hits $100B
Introduction to Carbon Pricing in 2024 In 2024, the global movement towards carbon pricing has reached new heights, with revenues surpassing an astonishing $100 billion. This significant milestone highlights the increasing recognition of carbon pricing as an effective tool to combat climate change and drive sustainable development. Insights from the World Bank Report The latest… [Read More]
WBG to Expand Guarantees for Greater Impact and Investment
Introduction to the World Bank's Unified Guarantee Products The World Bank Group is embarking on a significant initiative to unify its guarantee products aimed at providing streamlined solutions for private investors focusing on emerging markets. This strategic move is not just about efficiency; it's about magnifying the impact these investments can have in addressing pressing… [Read More]
Belize Attracts Major Support from CDB, IDB, World Bank
Introduction to Funding Opportunities in Belize In recent years, Belize has emerged as a vibrant hub for development projects, backed by significant funding from reputable financial institutions such as the Caribbean Development Bank (CDB), Inter-American Development Bank (IDB), World Bank, and Central American Bank for Economic Integration (CABEI). These organizations are instrumental in promoting sustainable… [Read More]
XAF 17 Billion EU-Funded Project to Boost Congo’s Digital Future
Introduction to the Digital Transformation Project We are excited to announce our support for a significant digital transformation initiative in the Republic of the Congo, financed by the European Union (EU). This project, which involves a substantial loan of XAF 17 billion, aims to enhance various aspects of digital governance and skills development in the… [Read More]
IDB and World Bank Launch Bond Guidelines to Boost Amazon Development
Introduction to the Amazonia Bond Issuance Guidelines In recent developments aimed at enhancing sustainable development in the Amazon region, the Inter-American Development Bank (IDB) and the World Bank have unveiled a comprehensive set of guidelines for the issuance of bonds in Amazonia. These guidelines are designed to assist countries and institutions in mobilizing financial resources… [Read More]
World Bank and IAEA Partner to Boost Nuclear Energy in Emerging Markets
Partnership Announced Between World Bank and IAEA The World Bank has announced a significant partnership with the International Atomic Energy Agency (IAEA) aimed at extending the operational life of nuclear power plants in emerging markets. This collaboration intends to provide countries with the necessary support to develop robust and secure nuclear programs, thereby promoting sustainable… [Read More]
Fueling Development: Procurement Funding in Belize from CDB, IDB, World Bank
Discover Funding Opportunities in Belize In Belize, a variety of financial resources are available for individuals and organizations looking to enhance their capability through high-value procurement opportunities. Funding from institutions such as the Caribbean Development Bank (CDB), Inter-American Development Bank (IDB), World Bank, and Central American Bank for Economic Integration (CABEI) is crucial in supporting… [Read More]
World Bank Helps 60,000 Cameroonian Students Secure Birth Certificates
Empowering Education Through Birth Certificate Access In a significant move to enhance educational opportunities for children in Cameroon, the World Bank Group’s International Development Association (WBG IDA) has successfully enabled 60,000 primary school students to obtain their birth certificates. This initiative is crucial as it not only allows these students to continue their education but… [Read More]
Bridging Africa’s Energy Gap – The World Bank’s Mission300
Introduction to the Mission300 Initiative The World Bank has launched a transformative initiative known as Mission300, aimed at addressing the significant energy gap in Africa. This ambitious project is designed to provide reliable electricity to 300 million people across the continent by the year 2030. With a focus on sustainable development, Mission300 aims to enhance… [Read More]
Powering Africa: World Bank’s Mission 300 Targets 300M by 2030
Introduction to Mission 300 The @WorldBank’s #Mission300 initiative is making significant strides in addressing the energy crisis in Africa. With an ambitious goal of providing electricity to 300 million people by 2030, this initiative is poised to revolutionize access to energy across the continent. As energy access remains a critical challenge for many regions in… [Read More]
World Bank Group Advances Investment Guarantees to Tackle Emerging Market Challenges
Introduction to the Unification of Guarantee Products The World Bank Group is taking a significant step towards consolidating its guarantee products with the goal of streamlining investment solutions for private investors in emerging markets. This initiative is part of a broader strategy to scale the guarantee business by 2030, aiming to effectively address various development… [Read More]
