World Bank Group Youth Summit 2023
The World Bank Group Youth Summit 2023, "From the Ground Up: Local Solutions to Drive Global Impact," will explore the power of youth-led local solutions and their potential to drive global change. Celebrating its 10th anniversary this year, the Youth Summit brings together young changemakers from around the world to discuss innovative ideas and solutions for global development challenges. The two-day event, taking place May 25-26, will highlight the role of local leadership in creating vibrant and sustainable communities.
Latest Food Security Update
Domestic food price inflation remains high around the world, including in almost all low- and middle-income countries, while a new report indicates that 258 million people in 58 countries or territories faced a crisis or worsening levels of acute food insecurity in 2022. Information from the latest month between January 2023 and April 2023 for which food price inflation data are available shows high inflation in most low- and middle-income countries.
Ajay Banga Selected 14th President of the World Bank
The Executive Directors of the World Bank selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees. Under his leadership, MasterCard launched the Center for Inclusive Growth, which advances equitable and sustainable economic growth and financial inclusion around the world.
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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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Access the World Bank's portfolio of more than 12,000 development projects, including current and historical data since 1947.