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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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Migration and Development

Remittances Grow 5% in 2022, Despite Global Headwinds

Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief.

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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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