World Bank Group - Latest News [Page 1]

$20m Climate Adaption Support For Kiribati’s Outer Islands

Monday, 16 May 2022, 6:16 am | World Bank Group

New six-year project to invest in critical climate adaption and resilience measures for many of Kiribati’s most isolated and remote communities WASHINGTON, May 15, 2022 – Communities in many of Kiribati’s most remote areas will receive much-needed ... More >>

Global Growth To Slow Through 2023, Adding To Risk Of ‘Hard Landing’ In Developing Economies

Wednesday, 12 January 2022, 7:33 pm | World Bank Group

Spread of COVID-19 Variants Alongside Inflation, Debt, and Inequality Intensifies Uncertainty WASHINGTON, Jan. 11, 2022 —Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 ... More >>

Vaccine Only Part Of The Cure For Resumption Of Pacific Travel: World Bank Report

Tuesday, 22 December 2020, 8:52 am | World Bank Group

With COVID-19 vaccine distribution now in its early stages, early steps toward the resumption of labour migration in the Pacific region underway, and hopes for an international travel ‘bubble’ between Australia and New Zealand, questions are now arising ... More >>

New Surveys Track The Economic And Social Impact Of COVID-19 On Families In Papua New Guinea And Solomon Islands

Tuesday, 8 December 2020, 5:30 pm | World Bank Group

Household surveys provide critical baseline for decision-makers working to combat the economic and social challenges amplified by the Coronavirus pandemic New surveys of families in Papua New Guinea and Solomon Islands by the World Bank have found ... More >>

Support For A Stronger Samoa In The Wake Of COVID-19

Sunday, 6 December 2020, 6:46 pm | World Bank Group

The World Bank’s Board of Executive Directors today approved US$25 million in grants to support Samoa’s social and economic response and recovery from COVID-19 and boost efforts to build resilience to climate change, natural disasters and health-related ... More >>

World Bank Group Announces Up To $12 Billion Immediate Support For COVID-19 Country Response

Wednesday, 4 March 2020, 11:28 am | World Bank Group

Fast Track Financing for Developing Countries WASHINGTON, March 3, 2020 — As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with ... More >>

Economy to Expand by 3.1% in 2018, slower growth ahead

Wednesday, 6 June 2018, 5:11 pm | World Bank Group

WASHINGTON D.C., June 5, 2018 —Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting ... More >>

World Toilet Day 2015

Thursday, 19 November 2015, 11:45 am | World Bank Group

SYDNEY, November 19, 2015 – As more and more families migrate from rural areas to Pacific capital cities, water, sanitation and health challenges in rapidly growing informal settlements in key Pacific capital cities are in urgent need of response, ... More >>

Progress, Some Setbacks to Women’s Economic Advancement

Thursday, 10 September 2015, 2:13 pm | World Bank Group

Substantial Progress and Some Setbacks to Women’s Economic Advancement across East Asia and Pacific, Says WBG Report More >>

Boosting Women-Driven Development in Bougainville

Monday, 13 April 2015, 3:31 pm | World Bank Group

PORT MORESBY, April 13, 2015 – The World Bank has approved an additional grant of US$2.4 million from the State and Peace-Building Fund (SPF) for the Inclusive Development in Post-Conflict Bougainville (IDIB) Project, bringing total funding ... More >>

World Bank Group Statement on Cyclone Pam

Tuesday, 17 March 2015, 11:06 am | World Bank Group

SYDNEY, March 15 2015 – We are deeply concerned for the people of Vanuatu in the face of the devastation caused by Cyclone Pam. We are waiting for official casualty reports and stand ready to help. More >>

World Bank Re-engagement in Fiji

Thursday, 12 March 2015, 9:14 pm | World Bank Group

WASHINGTON, March 9 2015 – The World Bank’s Board of Executive Directors today approved $50 million for the Transport Infrastructure Investment Project (TIIP) in Fiji , the first major World Bank investment in the country since 1992. It also is ... More >>

Most developing countries will benefit from oil price slump

Monday, 12 January 2015, 11:54 am | World Bank Group

WASHINGTON, January 7, 2015 – Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of ... More >>

Developing countries need to rebuild fiscal space

Monday, 12 January 2015, 11:40 am | World Bank Group

Developing countries need to rebuild fiscal space to weather growth slowdowns, says a new report by the World Bank Group More >>

Ebola: New World Bank Group Report

Wednesday, 3 December 2014, 11:34 am | World Bank Group

Ebola: New World Bank Group Report Shows Growth Shrinking, Economic Impact Worsening in Guinea, Liberia, and Sierra Leone More >>

Solomon Islands Reform Efforts Get $5 Million Grant

Monday, 24 November 2014, 1:54 pm | World Bank Group

HONIARA November 21, 2014 – The World Bank’s Board of Executive Directors today approved US$5 million for the Economic Reform and Recovery Development Policy Operation which will support continued economic and financial reform and provide rapid financing ... More >>

Solomon Islands’ Effort to Combat Rural Poverty $9 Mil Boost

Monday, 24 November 2014, 1:52 pm | World Bank Group

Solomon Islands’ Efforts to Combat Rural Poverty Get US$9 Million Boost from World Bank More >>

Pacific Island Nations Against Natural Disasters Program

Monday, 3 November 2014, 2:22 pm | World Bank Group

Governments of Samoa, Tonga, Vanuatu, Cook Islands, and the Marshall Islands request extension of Successful Regional Catastrophe Risk Insurance Pilot More >>

Papua New Guinea Businesses Impacted by Crime and Violence

Friday, 15 August 2014, 1:53 pm | World Bank Group

PORT MORESBY: A World Bank Group report released today says that eight in ten businesses in Papua New Guinea suffer substantial losses and security costs as a result of high rates of crime and violence, slowing business expansion and hampering the country’s ... More >>

18 Percent Increase in Business Regulation Reforms

Tuesday, 29 October 2013, 5:20 pm | World Bank Group

Governments around the world significantly stepped up their pace of improving business regulations in 114 economies last year – an 18 percent jump from the previous year – laying the groundwork for local entrepreneurs to expand their work, according ... More >>