The World Bank

The World Bank, part of the World Bank Group, plays a crucial role in offering financial and technical support to nations in need. Our goal is to combat poverty with dedication and expertise, ensuring sustainable outcomes. We empower individuals and communities by supplying resources, sharing knowledge, enhancing skills, and creating partnerships in both public and private sectors. Unlike a traditional bank, we consist of two distinct development institutions, owned by 189 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

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Empowering Youth: Jobs and Opportunities in Western and Central Africa

3 weeks ago | worldbank.org

In this special edition of the People First Podcast, we explore the challenges and opportunities shaping the job market in Western and Central Africa. We have gathered the voices of young people from the region, who share their visions and aspirations for quality employment.
Event | Powering the Caribbean: The Promise of Renewable Energy

3 weeks ago | worldbank.org

Over 85% of electricity generation in many Caribbean nations relies on costly fossil fuel imports, resulting in some of the highest electricity costs globally.
Household Welfare Monitoring in the Lao PDR

1 month ago | worldbank.org

The World Bank began a series of Rapid Monitoring Phone Surveys in Laos during the COVID-19 pandemic and continues to survey social and economic conditions
Sustaining Forests and Strengthening Communities in Costa Rica

2 months ago | worldbank.org

Through the purchase of emission reductions agreement between Costa Rica and the Forest Carbon Partnership Facility (FCPF), Costa Rica receives payments for verified emission reductions. These funds are then distributed to communities through Costa Rica's payment for environmental services mechanism, recognizing the essential role of local communities in protecting forests and supporting conservation efforts.
Disaster Risk Finance Academy: Affordable Disaster Risk Insurance through Public-Private Partnerships

Mar 19, 2025 | worldbank.org

Across the developing world, nearly one in five people are at risk of climate disasters from which they will not fully recover. Access to insurance remains low in many countries, leaving billions of people without adequate protection. In developing countries, only about 10 percent of the direct economic costs of natural hazards are insured. Neither governments nor private industry alone is well-equipped to deal with growing disaster losses. Public-private partnerships are necessary for sustainable insurance markets and affordable solutions. Public-private insurance partnerships (PPIPs) bring together private capital, expertise, relationships and innovation, with public sector data, regulation, education, and risk sharing to ensure that those at risk have access to insurance products which provide adequate protection against disasters.
Energizing Rwanda’s Development: Opportunities and Strategies for Catalyzing Productive Use of Energy

Mar 15, 2025 | worldbank.org

Rwanda, one of Sub-Saharan Africa's fastest-growing economies, holds untapped potential to energize its development by leveraging productive use of energy (PUE). A recent World Bank report, Energizing Rwanda’s Development: Opportunities and Strategies for Catalyzing Productive Use of Energy, highlights how strategic adoption of modern energy technologies could drive exponential productivity and economic growth. ‘
Regional CReCER 2025 Conference: Accelerating Sustainability and Innovation for Economic Growth across Latin America and the Caribbean

Mar 11, 2025 | worldbank.org

Promoting transparency and accountability through sustainable finance and innovation for Latin American economic growth. Lima, Peru, May 13-14.
Private Sector Investment Lab

Mar 10, 2025 | worldbank.org

The Lab is a collaborative initiative between the World Bank Group and Chief Executive Officers of leading global private sector institutions to develop specific approaches that can be implemented and scaled by the World Bank to mobilize private capital more effectively, for development priorities that must be addressed to achieve a world free of poverty on a livable planet.
Shifting Shores: Foreign Direct Investment (FDI) Relocations and Political Risk | World Bank Expert Answers

Mar 7, 2025 | worldbank.org

Foreign Direct Investment (FDI) has powered prosperity in development for decades. But in recent years FDI flows have been impacted by overlapping crises, including the pandemic, increasing geopolitical fragmentation, and slower world economic growth. This has led to new patterns in FDI, analyzed in a recent MIGA report “Shifting Shores: FDI Relocations and Political Risk.” Moritz Nebe, Sector Manager at the Multilateral Investment Guarantee Agency which houses the World Bank Group Guarantee Platform, joins Expert Answers to unpack what these changes mean for investors and the developing world.
Unpacking The New UN Cybercrime Convention

Mar 2, 2025 | worldbank.org

On 24 December 2024, the General Assembly of the United Nations adopted a new Convention Against Cybercrime. How will it shape the future of cyber resilience? Join the World Bank and experts from international organizations for a webinar exploring the impact of the new Convention for developing countries, including its implications for digital transformation and capacity building. The discussion will also examine how the Convention interacts with existing international legal frameworks against cybercrime, such as the Budapest Convention and the Malabo Convention.