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The territory between Egypt and Israel is facing one of its worst power crises in decades, with blackouts routinely stretching up to 16 hours a day. The shortages have shrunk Gaza’s economy and have been especially devastating to its manufacturing sector, which has shriveled by 60 percent since the late 1990s.

The Energy Progress Report assesses achievements in the global quest for universal access to affordable, reliable, sustainable, and modern energy by 2030. At today’s rate of progress, the world is still not on track to achieve the SDG 7 goals by 2030. Advances have been impeded, particularly in the most vulnerable countries and those that were already lagging.

1818 H Street NW. Washington DC 20433. +1 202-473-1000. infrastructuregroup@worldbank.org.

LAC Equity Lab: Income Inequality - Income Distribution. This dashboard shows the distribution of income at a country and regional level for different years. The horizontal axis denotes the percentage of the population, while the vertical axis shows the share of income. The colored bars show the share of income that each centile (portion) of ...

IFC’s Habesch says that is key in cash-strapped West Bank and Gaza, which needs to invest upwards of $4 billion in its power grid. The financing package for the solar arrays includes an IFC loan of up to $8.1 million in addition to loans from the Finland-IFC Blended Finance for Climate program and the recently launched Netherlands-IFC MENA ...

In an unprecedented year for the oil and gas industry, oil production declined by 8% in 2020, while global gas flaring reduced by 5%, according to satellite data compiled by the World Bank’s Global Gas Flaring Reduction Partnership (GGFR). Gas flaring satellite data from 2020 reveals that Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring ...

The Global Trade Finance Program (GTFP) extends and complements the capacity of banks to deliver trade financing by providing risk mitigation in new or challenging markets where trade lines may be constrained. Under GTFP, IFC has issued guarantees covering over 68,000 transactions to date for more than $66.5 billion.

Supported by the Swedish International Development Cooperation Agency (SIDA), the initiative is a large-scale partnership between the World Bank’s Water, Poverty, Governance, Health, Nutrition & Population teams and these countries.