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World Bank - Latest News [Page 1]
East Asia And Pacific To Sustain Growth Amid Global Headwinds
Wednesday, 3 April 2024, 8:43 am | World Bank
Addressing firm productivity slowdown key to long-term growth WASHINGTON, March 31, 2024 —Developing East Asia and Pacific is growing faster than the rest of the world but slower than it was before the pandemic, the World Bank said on Sunday in ... More >>
World Bank Boosts Support For Tonga To Build Resilience, Strengthen Disaster Preparedness
Monday, 22 January 2024, 11:57 am | World Bank
WASHINGTON, January 21, 2024 – The Kingdom of Tonga, one of the world’s most exposed countries to climate change and natural disasters, will receive a US$25 million (TOP$58.7 million) World Bank grant to strengthen financial and debt sustainability ... More >>
World Bank Boost For Kiribati’s Economic And Climate-resilience
Friday, 1 December 2023, 1:50 pm | World Bank
Conserving the ocean and the land, preparing for disasters, and strengthening the management of public funds in Kiribati More >>
World Bank Provides US$11.5 Million Grant to Boost Tuvalu’s Climate and Disaster Resilience, Preparedness, and Response
Wednesday, 27 September 2023, 8:31 pm | World Bank
WASHINGTON, September 26, 2023 – The World Bank’s Board of Executive Directors recently approved US$11.5 million (AUD$18 million) in new grant financing to Tuvalu. The Tuvalu First Climate and Disaster Resilience Development Policy Financing with ... More >>
New World Bank Regional Hub Signals Growing Commitment To The North Pacific
Thursday, 30 March 2023, 8:26 pm | World Bank
The World Bank has officially opened a permanent office in Pohnpei in the Federated States of Micronesia, following several years of an expanding presence and portfolio across the North Pacific. The new regional hub will play a vital role in delivering ... More >>
As Growth Returns To The Pacific, Debt And Inflation Remain Concerns
Tuesday, 28 February 2023, 1:59 pm | World Bank
SUVA, February 28, 2023 – After nearly three years of economic contraction, Pacific economies can anticipate a return to growth this calendar year despite ongoing challenges, according to the World Bank. While the recovery is expected to continue, fiscal balances, ... More >>
US$19 Million For Safer Schools And Improved Emergency Early Warning Systems In Tonga
Sunday, 3 July 2022, 5:07 pm | World Bank
The World Bank’s Board of Executive Directors has approved US$19.5 million (approximately TOP46 million) in additional funding for disaster recovery and resilience projects in Tonga. This includes work to bolster Tonga’s ongoing recovery from January’s ... More >>
Additional $20 Million For Disaster Recovery And Economic Reform In Tonga
Thursday, 16 June 2022, 12:28 pm | World Bank
WASHINGTON, June 15 2022 – The World Bank’s Board of Executive Directors has approved US$20 million (approximately TOP46 million) of Supplemental Financing in addition to the US$19 million committed and disbursed this financial year through ... More >>
Healthy, Educated And Ready To The Thrive: A Boost For Early Childhood Development In Marshall Islands
Tuesday, 7 June 2022, 12:46 pm | World Bank
WASHINGTON, June 6, 2022 – Early Childhood Development services are set for a big boost in Marshall Islands, following the World Bank’s approval of a second phase of the Early Childhood Development Project (ECD II). The Republic of the Marshall ... More >>
World Bank Increases Its COVID-19 Assistance To Solomon Islands
Monday, 2 May 2022, 2:30 pm | World Bank
HONIARA, May 2, 2022 – With Solomon Islands’ COVID-19 situation having significantly worsened over the past several months – with over 14,000 confirmed cases and 141 reported deaths – the World Bank has approved an additional US$8 million in emergency ... More >>
Tonga Volcanic Eruption And Tsunami: World Bank Disaster Assessment Report Estimates Damages At US$90M
Monday, 14 February 2022, 6:05 am | World Bank
SUVA, February 14, 2022 — The Tonga Hunga-Tonga-Hunga-Ha’apai volcanic eruption, tsunami and ashfall has caused an estimated US$90.4M (TOP 208 million) in damages – the equivalent of approximately 18.5% of Tonga’s Gross Domestic Product (GDP) ... More >>
World Bank Provides US$8 Million To Support Tonga's Volcano And Tsunami Response
Thursday, 20 January 2022, 7:10 pm | World Bank
The World Bank has disbursed an initial US$8 million in emergency financing to support the Kingdom of Tonga’s response and recovery following the devastating volcanic eruption and tsunami on January 15. The Hunga-Tonga-Hunga-Ha’apai undersea volcano, ... More >>
World Bank Provides US$8 Million To Support Tonga's Volcano And Tsunami Response
Thursday, 20 January 2022, 7:09 pm | World Bank
The World Bank has disbursed an initial US$8 million in emergency financing to support the Kingdom of Tonga’s response and recovery following the devastating volcanic eruption and tsunami on January 15. The Hunga-Tonga-Hunga-Ha’apai undersea volcano, ... More >>
US$53 Million Boost For Education And Transport In Tonga
Saturday, 11 December 2021, 5:10 pm | World Bank
The World Bank’s Board of Executive Directors has approved two new projects totaling US$53 million to boost the climate and disaster resilience of Tongan schools, roads, and ports. The US$38m (approximately TOP 87 million) Tonga Climate Resilient Transport ... More >>
Support For Post-pandemic Recovery, Resilience And Jobs In Tonga
Thursday, 25 November 2021, 12:40 pm | World Bank
The World Bank’s Board of Executive Directors has approved US$19 million in support for Tonga’s ongoing recovery following the impacts of COVID-19. The Kingdom of Tonga is now in an economic recovery phase following the onset of the COVID-19 pandemic ... More >>
Economic Recovery In East Asia And Pacific Faces Setback
Wednesday, 29 September 2021, 6:37 am | World Bank
WASHINGTON, Sept. 27, 2021 —The East Asia and Pacific region’s recovery has been undermined by the spread of the COVID-19 Delta variant, prolonging the distress for firms and households, likely slowing economic growth and increasing inequality, ... More >>
Investing In People And Livelihoods Is Key To Inclusive Growth Across Pacific Islands
Thursday, 23 September 2021, 12:59 pm | World Bank
SYDNEY, September 23, 2021, A new World Bank report on the challenges facing the Pacific region’s outer island communities identifies investment in people and livelihoods as a key for inclusive economic growth. Archipelagic Economies: Spatial Economic ... More >>
Uneven Recovery Drives Growing Inequality Across East Asia And The Pacific
Friday, 26 March 2021, 5:35 pm | World Bank
More than a year into the COVID-19 pandemic, the developing economies of East Asia and the Pacific (EAP) are facing a markedly uneven recovery, according to the World Bank’s latest economic update for the region, released today. Only China and Vietnam ... More >>
Global Economy To Expand By 4% In 2021; Vaccine Deployment And Investment Key To Sustaining The Recovery
Wednesday, 6 January 2021, 4:30 pm | World Bank
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be subdued, unless policy makers move decisively to tame the pandemic and ... More >>
Pandemic Threatens Human Capital Gains Of The Past Decade, New Report Says
Friday, 18 September 2020, 4:05 pm | World Bank
The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital—the knowledge, skills, and health that people ... More >>
