Commodity prices are set to rise 23% in 2026 as global shocks mount, according to the World Bank Group’s latest Commodity ...

The HIPC and related Multilateral Debt Relief Initiative (MDRI) programs have relieved 37 participating countries of more than $100 billion in debt. To date, 37 countries — 31 of them in Africa — have ...

Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty ...

Global progress on reducing extreme poverty has come to a standstill, and the world is at risk of falling further behind unless more and better jobs are created, according to the World Bank Group’s ...

The war in Ukraine has dealt a major setback to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices unusually high through the end of 2024, ...

WASHINGTON, March 26, 2024 — The World Bank today released the following statement on Zambia: “The World Bank welcomes the agreement between the Government of the Republic of Zambia and bondholders on ...

According to the World Bank's April 2025 Burkina Faso Economic Update, the country's economy grew by 4.9% in 2024 compared to 3.0% in 2023. Real per capita GDP growth also increased from 0.7% to 2.5% ...

About The World Bank The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and ...

A new World Bank Group study examines the unique economic challenge of South Africa’s townships with a special focus on Diepsloot, using innovative approaches and data from new surveys especially ...

DHAKA, April 23, 2025—Amid increasing uncertainty in the global economy, South Asia’s growth prospects have weakened, including for Bangladesh. A significant decrease in export growth and low ...

RIYADH, September 22, 2025 – The World Bank announced today the opening of a new regional hub in Riyadh, Saudi Arabia, to serve the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region ...

Over the past decade, the African Centers of Excellence (ACE) have trained thousands of students in key fields such as health, agriculture, digital technology, energy, and the environment. But behind ...