Online Media Briefing Center (OMBC) news for accredited journalists
Highlights
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.
A coalition of ten MDBs today launched a new co-financing platform that will enable them to channel additional capital for development scale and impact.
Here are the latest bi-annual regional economic updates to explore the macro development trends in Africa, East Asia and the Pacific, Europe and Central Asia, Latin America and the Caribbean, the Middle East and North Africa, and South Asia.
Despite their high potential to advance global prosperity, one-half of the world’s 75 most vulnerable countries are facing a widening income gap with the wealthiest economies for the first time in this century, a new World Bank report has found.
The World Bank Group today announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. This is part of a larger global effort to provide a basic standard of care through every stage of a person’s life—infancy, childhood, adolescence, and adulthood.
The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.
Domestic food price inflation remains high. Inflation higher than 5% is experienced in 57.1% of low-income countries (a 2.9 percentage point decrease since the last update on March 28, 2024), 63.8% of lower-middle-income countries (no change), 36% percent of upper-middle-income countries (3.0 percentage points lower), and 21.8% of high-income countries (5.5 percentage points lower).
For the first time, the work of all World Bank Group financing institutions will be tracked through the same set of indicators. The new scorecard will track the Bank’s overarching vision of ending poverty on a livable planet.
