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Africa heads of State Summit
Africa heads of State Summit

African Leaders Unveil Bold Transformation Agenda at Summit, Backed by Powerful New Coalition

In a historic show of unity, 19 African Heads of State assembled at a major summit committed to focusing development aspirations across the continent.


Online Media Briefing Center (OMBC) news for accredited journalists


State and Trends of Carbon Pricing 2024 report cover
May 21, 2024

In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s annual “State and Trends of Carbon Pricing 2024” report released today.

IDA 21 logo
May 20, 2024

The Republic of Korea’s journey from poverty to prosperity is a great example of IDA's impact. In just six decades, Korea has transformed from one of the world's poorest countries to a global powerhouse.

food security update
Apr 29, 2024

Domestic food price inflation remains high. Inflation higher than 5% is experienced 57.1% of low-income countries (no change since the last update on April 11, 2024), 63.8% of lower-middle-income countries (no change), 33% of upper-middle-income countries (3.0 percentage points lower), and 12.7% of high-income countries (9.1 percentage points lower).

Commodity Markets Outlook, cover, April 2024
Apr 25, 2024

Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it harder for central banks to cut interest rates quickly, according to the World Bank’s latest Commodity Markets Outlook.

Cover image of Recipe for a Livable Planet report
May 06, 2024

The global agrifood system presents a huge opportunity to cut almost a third of the world’s greenhouse gas emissions through affordable and readily available actions, while continuing to feed a growing population, according to a new World Bank report. Recipe for a Livable Planet: Achieving Net Zero Emissions in the Agrifood System outlines actions that every country can take.

Martina Polasek headshot
May 02, 2024

Member States of the International Centre for Settlement of Investment Disputes (ICSID) have elected Martina Polasek as Secretary-General of ICSID.

SM 24 logo
Apr 19, 2024

Development Committee members discussed the global macroeconomic and financial impact of current wars and conflicts including the war in Ukraine, the humanitarian crisis in Gaza, as well as the shipping disruptions in the Red Sea.

SM24 Leaders group photo
Apr 19, 2024

New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 countries announced commitments today for the Portfolio Guarantee Platform, hybrid capital mechanism, and new Livable Planet Fund totaling $11 billion.