World Bank - Latest News [Page 1]

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 >>

Over 1,000 Tongan Households Get Boost To Help Keep Students In School

Tuesday, 23 June 2020, 2:31 pm | World Bank

Nuku’alofa, June 23, 2020 – The Government of Tonga and the World Bank have provided conditional cash transfers to 1,162 Tongan households at a project launch in the Tongan capital, Nuku’alofa as part of an effort to address the financial ... More >>

A Boost For Early Learning And Literacy In Tuvalu

Saturday, 6 June 2020, 4:09 pm | World Bank

Students in Tuvalu | Photo Credit: Faitofi Pusineli US$14 million Tuvalu Learning Project to focus on early childhood care and education, improvement of reading skills, and strengthened teacher capacity WASHINGTON DC, June 5, 2020 – The World Bank’s ... More >>

Tonga: US$8.4 Million To Strengthen Resilience And Fight COVID-19

Wednesday, 13 May 2020, 4:53 pm | World Bank

World Bank supporting efforts to strengthen public financial management, disaster resilience, labor, together with COVID-19 response funding The World Bank’s Board of Executive Directors has approved a US$5.5 million operation for Tonga to strengthen ... More >>

New US$15 Million Operation To Build Sustainable Growth In Solomon Islands

Thursday, 7 May 2020, 4:58 pm | World Bank

World Bank assistance supports efforts to improve budget efficiency, fight corruption, and promote private sector growth WASHINGTON D.C., May 6, 2020 – The World Bank’s Board of Executive Directors has approved a US$15 million Development Policy Operation ... More >>

US $4.5 Million Insurance Payout For Tonga To Support Cyclone Harold Response And Recovery

Friday, 1 May 2020, 5:34 pm | World Bank

NUKU’ALOFA, May 1, 2020 – The Government of Tonga can now access an additional US $4.5million (approx. TOP $10.4million) from its disaster insurance cover to support response and recovery efforts following the impact of Category five Tropical Cyclone ... More >>

US$10m Emergency World Bank Funding For Vanuatu

Monday, 27 April 2020, 4:39 pm | World Bank

Emergency funds will bolster the government’s COVID-19 preparedness and mitigation efforts, as well as its capacity to respond to Tropical Cyclone Harold PORT VILA, April 27, 2020 — The World Bank has delivered US$10 million (VUV1.2b) in emergency ... More >>

World Bank Support For Marshall Islands’ COVID-19 Response

Monday, 20 April 2020, 2:17 pm | World Bank

US$2.5m emergency project to focus on prevention and detection of coronavirus and strengthening of the country’s health system MAJURO, April 20, 2020 – The World Bank has approved a US$2.5 million emergency project for the Republic of Marshall ... More >>

New Digital Project To Connect Federated States Of MicronesiaTo Global Economic Opportunities

Saturday, 28 March 2020, 6:10 pm | World Bank

WASHINGTON, D.C., March 27, 2020 – The World Bank’s Board of Executive Directors today approved a US$30.8 million grant to improve the digital connectivity of the Federated States of Micronesia (FSM). The Digital Federated States of Micronesia ... More >>

World Bank Emergency Support for Tuvalu

Wednesday, 5 February 2020, 4:32 pm | World Bank

SYDNEY, February 5, 2020 – The World Bank has provided US$6.2 million to support Tuvalu’s recovery from Tropical Cyclone Tino, which hit the Pacific island nation in January. More >>

Major Boost for Disaster Risk Management in Vanuatu

Thursday, 9 January 2020, 1:03 pm | World Bank

US$10 million World Bank support to help Vanuatu improve resilience, and respond in the event of a major emergency More >>

World Bank commits support to fight Samoa measles

Monday, 9 December 2019, 6:37 pm | World Bank

World Bank commits support to fight Samoa measles outbreak US$3.5 million to support measles emergency response, with further $9.3m program to address health system challenges SYDNEY, December 9, 2019 — The World Bank will provide US$3.5 million in funding ... More >>

Fresh Perspectives, Big Ideas: new ‘Future Pasifika’ series

Wednesday, 10 July 2019, 2:05 pm | World Bank

University of the South Pacific and World Bank Group partner for new Pacific dialogue series More >>

Tonga: Third operation to support economic resilience

Tuesday, 21 May 2019, 6:58 pm | World Bank

WASHINGTON, D.C., May 21, 2019—The World Bank’s Board of Executive Directors has approved a US$5.5 million grant for the last in a series of three operations that are supporting the government of Tonga to improve the management of public finances, ... More >>

Two projects in Federated States of Micronesia and Marshalls

Friday, 10 May 2019, 7:19 pm | World Bank

Two projects set to improve safety, efficiency, climate resilience of maritime operations in Federated States of Micronesia and Marshall Islands More >>

Tongan public services set for digital upgrade

Friday, 10 May 2019, 1:52 pm | World Bank

WASHINGTON, May 9, 2019 –Tongans will soon benefit from improved digital access to key public services, including significant upgrades to Tonga’s civil registration and national ID systems, following the approval of a US$4.65 million grant by the ... More >>