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Women Business and the Law report cover
Women Business and the Law report cover

New Data Show Massive, Wider-than-Expected Global Gender Gap

The latest Women, Business, and the Law report offers a comprehensive picture of the obstacles that women face in entering the global workforce and contributing to greater prosperity—for themselves, their families, and their communities.

OMBC

Online Media Briefing Center (OMBC) news for accredited journalists

Highlights

Photo: World Bank
Mar 20, 2024

Domestic food price inflation remains high. Inflation higher than 5% is experienced in 60% of low-income countries (no increase since the last update on February 29, 2024), 63.8% of lower-middle-income countries (2.2 percentage points lower), 46% of upper-middle-income countries (4.0 percentage points higher), and 27.3% of high-income countries (9.1 percentage points lower).

World Bank Group logo
Mar 19, 2024

The World Bank Group today issued the following statement on Gaza: “With more than half the population of Gaza on the brink of famine—including children and the elderly—the World Bank Group calls for urgent action to save lives. We join the international community in calling for immediate, free, and unimpeded access of medical supplies, food and life-essential services through all available means at speed and scale to the people of Gaza.”

Digital Progress Report
Mar 05, 2024

In low-income countries, only one in four people are able to access the internet. The World Bank Group’s new “Digital Progress and Trends Report 2023” provides a sweeping analysis of countries’ production and use of digital technologies—from digital jobs, digital services exports, and app development, to internet use, affordability, quality, and more.

World Bank finance partners VPs and MDCFO with Girls Who Invest Founder outside office
Mar 04, 2024

The World Bank Treasury announced a partnership with Girls Who Invest, a non-profit organization dedicated to transforming the investment management industry by advancing women investors, change-makers, and leaders to improve gender representation in the World Bank’s investment management teams.

Egypt woman talima farm
Mar 18, 2024

Over the coming three years, the World Bank Group intends to provide more than US$6 billion of support to Egypt, including US$3 billion for financial support to Government’s programs and US$3 billion for the private sector (including mobilization) – subject to Board approval.

Portrait of a mother and child
Mar 13, 2024

The number of children who died before their fifth birthday has reached a historic low, dropping to 4.9 million in 2022, according to the latest estimates released today by the United Nations Inter-agency Group for Child Mortality Estimation (UN IGME).

Securing Electricity in Niger Through Renewable Energy
Feb 28, 2024

The World Bank Group today announced a major overhaul to its guarantee business that will deliver simplicity, improved access, and faster execution through a new, convenient marketplace.  The new reforms are critical to achieving the goal of tripling annual guarantee issuance to $20 billion by 2030.

gaza education mena 2024
Feb 21, 2024

Unprecedented Shocks Hit the Palestinian Economy

The World Bank Group announced a $30 million grant to help ensure the continuity of crucial education for children. A sharp decline in economic activity, including trade, coupled with a lack of clearance revenues since October 2023, has worsened an already acute fiscal crisis, thus severely impacting the delivery of public services.