World Bank
Group making loans to developing countries
An international financial institution that provides loans and grants to the governments of low- and middle-income countries. It is a pillar of international development.
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Latest News
5World Bank confirms plan to phase out China lending by 2031
The World Bank has officially confirmed its strategy to phase out lending to China by 2031, shifting its focus toward knowledge sharing and innovation. The transition will see IBRD lending decrease significantly over the coming years.
Ukraine’s Business Environment to Improve with World Bank Support
The World Bank announced a $593 million program to support small and medium-sized enterprises in Ukraine. The initiative is designed to preserve jobs and stabilize the private sector amid the ongoing challenges caused by the invasion.
World Bank Group Doubles Down on Financial Ambition to Drive Climate Action and Build Resilience
The World Bank Group is implementing an ambitious financing package to assist developing nations in building resilience against climate change. This initiative aims to protect vulnerable populations from the increasing impacts of environmental disasters.
World Bank Backs Nigeria With $1.25 Billion Development Loan
The World Bank has approved $1.25 billion in financing to support Nigeria's economic reforms and job creation efforts. The program focuses on modernizing digital infrastructure, expanding energy access, and improving health outcomes.
World Bank scraps climate financing after facing pressure from Trump
The World Bank has retired its goal of dedicating 45% of its funding to climate-related projects following pressure from the Trump administration. This move marks a significant shift in the organization's international climate policy strategy.
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