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G20 Rio logo with country flags
G20 Rio logo with country flags

Remarks by World Bank Group President Ajay Banga at G20 Global Alliance Against Hunger & Poverty in Rio de Janeiro, Brazil

“Poverty and hunger are intertwined and are impacted by many challenges that have far-reaching consequences if left unaddressed."


Online Media Briefing Center (OMBC) news for accredited journalists


Woman with child at food market
Jul 24, 2024

Expanded ambition and partnership with the G20 Global Alliance Against Hunger and Poverty to reach at least 500 million people in need

The World Bank Group today unveiled a comprehensive package of initiatives to address urgent poverty and hunger, and enable vulnerable people to increase earnings, enhance resilience against climate shocks, and promote empowerment for women and girls.

Pandemic fund Rio group photo
Jul 24, 2024

The United States pledged up to $667 million, and Germany pledged $54 million to the Pandemic Fund as it works towards raising at least $2 billion to meet strong demand from low- and middle-income countries.

IMF World Bank Group logos
Jul 01, 2024

The Bank and the Fund are pleased to announce the formation of a group of external advisors to help guide the exercise, comprising Sri Mulyani Indrawati, Minister of Finance of Indonesia; Patrick Achi, former Prime Minister of Côte d'Ivoire; and Mark Malloch Brown, former Deputy Secretary-General of the UN.

food security update
Jul 01, 2024

Domestic food price inflation remains high in many low- and middle-income countries. Inflation higher than 5% is experienced in 59.1% of low-income countries (no change since the last update on May 30, 2024), 63% of lower-middle-income countries (no change), 36% of upper-middle-income countries (5.0 percentage points higher), and 10.9 percent of high-income countries (3.6 percentage points lower).

CPIA report cover 2024
Jul 16, 2024

The annual Country Policy and Institutional Assessment (CPIA) for Africa confirms that countries in Sub-Saharan Africa (SSA) weathered 2023 relatively well thanks to credible economic and social policy reforms. In particular, governments and central banks have started to shift attention from weathering global shocks to building credibility, capacity, and transparency.

MIGA guarantees platform launch
Jul 01, 2024

The platform, housed at the Multilateral Investment Guarantee Agency (MIGA), brings together products and experts from the World Bank, International Finance Corporation (IFC), and MIGA for simplicity, efficiency, and speed. It aims to boost WBG annual guarantee issuance to $20 billion by 2030.

Dar es Salaam Port, Tanzania
Jun 20, 2024

The modest 0.7% growth rate reflects large variances in regional growth, but remittances remained a crucial source of external finance for developing countries in 2023, bolstering the current accounts of several countries grappling with food insecurity and debt issues.

WGB Knowledge Academy
Jun 20, 2024

The Academy encompasses all three Bank Group institutions—the World Bank, IFC (International Finance Corporation), and MIGA—in one platform and will help ensure that the best global knowledge is driving development, informing projects that can be scaled and replicated, and influencing global conversations.