Currency Depreciations Risk Intensifying Food and Energy Crises

The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.

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Food Security

Latest Food Security Update

Our newest update from Oct. 17 shows that domestic food price inflation remains high around the world. Compared to two weeks ago, the agricultural price index is 1 percentage point higher. Average wheat, maize, and rice prices in October 2022 are 18%, 27%, and 10% higher, respectively, than in October 2021.

climate change

Boost Energy Security and Cut Methane Emissions by Reducing Gas Flaring And Venting

One clear solution that can boost energy security —while significantly cutting greenhouse gas emissions and expanding energy access in developing countries—is using the gas currently being flared and vented around the world, so called “associated gas,” writes Riccardo Puliti, Vice President for Infrastructure at the World Bank, in this blog.

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The World Bank and Ukraine

The invasion in Ukraine will have far-reaching economic and social impacts - well beyond the immediate impact it is already having on the lives and livelihoods of those in the country. The World Bank Group continues to coordinate with Ukraine and other development partners to assess these costs and develop a robust response to help the Ukrainian people during this difficult period. Learn more.

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The World Bank has two goals: end extreme poverty and promote shared prosperity in a sustainable way.

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Food Security

Food security is defined when all people, at all times, have physical and economic access to sufficient safe and nutritious food that meets their dietary needs and food preferences for an active and healthy life.

Food Security Update (Oct. 17)
Agriculture and Food
BLOG: Empower HER to address food and nutrition security in Africa
Food Security
Climate Change

Climate change, poverty, and inequality are the defining issues of our age. The World Bank Group is the biggest multilateral funder of climate investments in developing countries.

World Bank Group Climate Change Action Plan 2021–2025
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BLOG: Why we must engage adolescent girls in climate change solutions
Climate Change
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IDA is the part of the World Bank that helps the world’s poorest countries.

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BLOG: World Bank support to the poorest countries: 5 things to know about IDA20
International Development Association (IDA)
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The Open Data site is designed to make World Bank data easy to find, download, and use. All of the data found here can be used free of charge with minimal restrictions.

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GHG emissions by continent 1900-2019 GHG emissions by continent 1900-2019

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Given the short-term potency of methane, cost-effective interventions to reduce methane emissions should be an immediate priority for the sectors with the largest emissions. The agriculture, energy, sanitation and waste sectors are collectively responsible for 90-95% of global anthropogenic sources of methane.

The World Bank Group (WBG) has a long record of engagement on methane reduction across the key areas of agriculture, energy, and sanitation and waste. The table below provides examples of extensive WBG work in this area, including various types of project activities that will reduce methane emissions.

Methane Factsheet

Education is a powerful driver of development and one of the strongest instruments for reducing poverty and improving health, gender equality, peace, and stability. Developing countries have made tremendous progress in getting children into the classroom and the majority of children worldwide are now in primary school. Nevertheless, some 260 million children are still out of primary and secondary school. Learn More.

By 2030, an additional 68.8 million teachers will need to be recruited just for primary and secondary: 20 million are required to expand access to primary and secondary school and 49 million are needed to replace those who leave the workforce. In addition, the childcare workforce needs to expand by 32 million globally to address the childcare gap. Read More.