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Bag labeled Debt next to some bars, showing an increasing trend.

Debt-Service Payments Put Biggest Squeeze on Poorest Countries

Debt-service payments from the International Development Association's (IDA) countries are projected to top $62 billion in 2022. The world's poorest countries now spend over a tenth of their export revenues to service their long-term public and publicly guaranteed external debt..

Photo: World Bank
International Development Association

World Bank Approves Sri Lanka’s Eligibility to Access Concessional Financing, Helping to Stabilize Economy and Protect Livelihoods

This type of financing, which is offered at low interest rates, will enable the country to implement its government-led reform program to stabilize the economy and protect the livelihood of millions of people facing poverty and hunger. This approval means Sri Lanka now becomes an IDA country.

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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


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