Serbian Mining and Energy Minister Dubravka Đedović Handanović met with a World Bank delegation to discuss the next steps in drafting a comprehensive long-term plan for expanding the country's natural gas network.
The World Bank's five-year ban on Webmasters Kenya and its founder, James Ayugi, for alleged fraud in Somalia, has brought scrutiny to the company's role in Kenya's eCitizen platform.
The World Bank has issued a warning about a looming youth jobs crunch in the region. This indicates a significant challenge for young people seeking employment.
The World Bank has projected that Lebanon's economy is expected to contract by 6.4 percent, attributing the decline to the ongoing conflict in the region.
The World Bank has unveiled a new framework targeting 32 million Nigerians for electricity access and 58 million for broadband internet by 2032, aiming to boost private sector growth.
A World Bank report suggests that artificial intelligence has the potential to help Nigeria and other developing economies achieve a century of progress within a decade by expanding access to medical, legal, educational, and agricultural services.
Finance Minister Taiwo Oyedele has publicly criticized Nigerians for their negative reactions towards the World Bank regarding loans to the country, advocating for a deeper understanding of economic systems.
The World Bank has downgraded a $245 million flood rehabilitation project in Balochistan to 'moderately unsatisfactory' due to the government's decision to cap beneficiary coverage for resilient housing.
The World Bank is set to fund a new 645-meter bridge across the Congo River, connecting Bangui in the Central African Republic and Zongo in the Democratic Republic of Congo. The project is valued at $60 million.
The World Bank has warned Pakistan that redirecting funds from a multi-billion-rupee resilient housing program for flood-affected populations to infrastructure projects would further damage its reputation.
The World Bank has issued a severe diagnosis of the Romanian economy, identifying poor public administration, unpredictable laws, a lack of skilled labor, and underdevelopment as major impediments to growth.
A new report from the World Bank indicates that developing countries like India stand to benefit significantly from artificial intelligence, with their workforces likely to face less disruption compared to richer economies.
The World Bank is urging developing countries to accelerate their adoption of artificial intelligence, describing it as a 'lifeline' for their economies to avoid being left behind during a period of weak global growth.
The World Bank views Pax Silica as a promising initiative for the Philippines to become a Silicon Valley, though tycoon Manny Pangilinan cautions the government to carefully choose its role in the technology value chain.
The World Bank projects that Argentina's economy will experience a 3.6% growth rate this year, indicating a positive outlook for the country's economic performance.
The World Bank has stated that Ghana requires an estimated US$37 billion annually to address its infrastructure deficit and support sustainable urbanization amidst a growing urban population.
The Macedonian Parliament has approved two loans from the World Bank, closing an existing €20 million framework and opening a new €25 million one for administrative reforms.
David Malpass, former President of the World Bank, has criticized Nigeria's strategy of collateral-backed borrowing, warning that it complicates debt restructuring and hinders sustainable development.
The International Finance Corporation (IFC), a member of the World Bank Group, has brought together development partners in Ghana to enhance collaboration, improve coordination, and accelerate sustainability impact within the country's environmental, social, and governance (ESG) ecosystem.
Majuro, the capital of the Republic of Marshall Islands and one of the world's narrowest island capitals, is under severe threat from rising sea levels, with coastal erosion accelerating due to increased wind speeds and human interference.
UK Foreign Secretary Ed Miliband indicated that the climate crisis and overseas development would be central to the UK's foreign policy, including taking up a World Bank seat.
The Institute for Education Studies (IFEST) has questioned the feasibility of the Ghanaian government's plan to eliminate the double-track system in Senior High Schools by 2027, stating that World Bank funding alone will not be enough.
President Tinubu's administration is increasingly using World Bank loans to finance social programs, aiming to mitigate the impact of reforms and support vulnerable populations in Nigeria.
The Ghanaian government has announced a US$300 million World Bank-supported project to build 10 new schools and rehabilitate 150 others, aiming to transform secondary education and eliminate the double-track system.
Five civil society organizations have sent a letter to the World Bank concerning recent activities of the Ibar-Lepenac hydro-economic enterprise in the area around Gazivoda Lake.
A Pakistan Senate panel expressed concern over the diversion of flood rehabilitation funds in Khyber Pakhtunkhwa, noting Mardan received most road projects despite not being among the worst-hit districts, and also raised issues about World Bank interference in a Sindh project.
The World Bank is advocating for a significant shift in Albania's healthcare financing, proposing that hospitals be paid based on performance and results rather than historical budgets.
President Tinubu has launched $3.05 billion in World Bank-funded anti-poverty programs designed to boost healthcare, education, and livelihoods for vulnerable Nigerians.
Despite a ban, plastic drinking water sachets continue to dominate the streetscape in Dakar, contributing to significant plastic waste on beaches and in coastal areas. The World Bank reports alarming pollution levels in West African coastal regions.
Three universities in Moldova are set to receive €9.25 million in investments from the World Bank to modernize their research infrastructure, as part of the 'Moldova Higher Education' Project.
The World Bank has issued a warning regarding the precarious state of the global food supply, attributing the fragility to escalating costs, geopolitical tensions, and climate-related threats.
Carol Mejevan from the World Bank stated that North Macedonia has the potential to accelerate its economic growth, despite facing multiple crises in the past decade.
Ukraine has received $3.35 billion from the World Bank as part of a program designed to support macroeconomic stability, foster private sector growth, and fund key state budget expenditures.
Groups in the Philippines argue that the country's new classification as an upper-middle-income economy by the World Bank does not reflect the reality for millions of poor Filipinos and should not be seen as broad-based economic progress.
As African governments face increasing debt pressures, they are re-evaluating the implications and trade-offs of concessional financing from institutions like the World Bank and IMF on their policymaking.
Despite the World Bank upgrading the Philippines to an upper-middle-income country, many Filipinos feel the classification makes little difference as they grapple with rising costs of living, debt, and stagnant wages.
Nigerian political parties are under pressure to meet the Independent National Electoral Commission's (INEC) deadline for uploading candidate information for the 2027 general elections. This comes amidst various other national news, including economic reports and social initiatives.
The World Bank has confirmed that Anambra State did not submit an application for the 2024 HOPE-Governance loan. This statement clarifies that the state did not express interest in the financial assistance program.
The World Bank Group is modifying its approach to climate action, moving away from rigid percentage targets for climate-related financing to maximize impact.
The World Bank board of directors approved $265 million in financing for a new pumped hydropower storage plant in Morocco. This approval comes after the bank ended its climate lending target.
Government officials and a World Bank report have attributed delays in the GARID project to fiscal constraints and financial controls by the Finance Ministry, rather than neglect.
The World Bank has extended the deadline for Moldova's Vulcănești–Chișinău 'Independence Line' project by six months, from June 30 to December 31, 2026, citing major delays and cutting $4 million from the project's funding.
The World Bank has announced its intention to gradually phase out its lending programs to China, with a complete cessation expected by 2031, shifting its role from lender to knowledge partner.
The World Bank has abandoned its climate finance target after facing pressure from the Trump Administration. This decision marks a shift in the institution's approach to climate-related lending goals.
The World Bank has indefinitely extended its Climate Change Action Plan (CCAP) but simultaneously abandoned its previously set financing targets for the initiative.
Makhtar Diop, head of the International Finance Corporation (IFC), announced plans to leverage the newly opened IFC office in Madrid to channel more private investment into emerging markets, fostering collaboration with Spanish companies.
The World Bank has approved approximately $1.1 billion in emergency funding for Bangladesh to help secure food supplies and support vulnerable households and businesses amidst rising prices.
Europe is funding dual-use goods for Ukraine for the first time, with the Czech Republic potentially contributing machine tools, as Ukraine receives $3.39 billion from the World Bank and the first part of an EU loan.
Ukraine and the World Bank have finalized a $3.39 billion agreement aimed at supporting Ukraine's macro-financial stability and funding critical expenditures.
A new World Bank report indicates that Lagos ports at Apapa and Tin Can are among the top 20 most improved container ports globally, highlighting significant transformation.
The Zamfara State Government announced its utilization of the World Bank’s State Enabling Business Environment Reforms (SABER) Programme funds for state development, as revealed by Governor Dauda Lawal.
A new World Bank report reveals that a staggering 95% of farmers in Bangladesh are utilizing unbalanced fertilizers, raising concerns about agricultural practices.
Montenegro's Directorate for Protection and Rescue, in collaboration with the World Bank, has undertaken activities to modernize the 112 Operations Communication Center, prioritizing the establishment of a contemporary public warning system.
The Governor of Montenegro's Central Bank participated in the Annual Meeting of the IMF and World Bank Constituency in Varna, Bulgaria. She highlighted the importance of strong institutions as a foundation for resilience in a time of global challenges.
India is in discussions with the World Bank and the Asian Development Bank to secure approximately $2.5 billion in loans, aiming to support urban infrastructure and job creation amidst rising subsidy costs impacting government spending.
The World Bank has approved over $460 million in additional financing to expand Türkiye's renewable energy market, with a focus on wind power projects.
The World Bank predicts that global gas prices will remain volatile until 2027, attributing this to ongoing geopolitical tensions, disruptions in supply chains, and increasing demand.
The World Bank has issued a warning about a significant youth jobs crunch facing the region, highlighting challenges in employment opportunities for young people.
The World Bank projects Lebanon's economy to contract by 6.4% due to the ongoing war. This forecast highlights the severe economic impact of the conflict on the nation.
Uzbekistan will receive a US$10.6 million grant from the World Bank to fund efforts to reduce gas leaks, methane emissions, and modernize its gas infrastructure between 2026 and 2028.
The World Bank is reportedly retreating from its climate financing commitments, now urging a focus on projects based on development outcomes rather than solely on climate finance labels.
An interview highlights how the UNCCD, FAO, and World Bank are supporting Nigeria's efforts to combat drought and land degradation, issues with serious implications for farmer-herder conflicts, agricultural productivity, and food security.
Romania's Constitutional Court is debating an objection filed by AUR and SOS Romania parliamentarians against the law ratifying a loan agreement between Romania and the International Bank for Reconstruction and Development (BIRD), intended to finance the deficit and public debt.
The World Bank states that artificial intelligence provides a crucial lifeline to developing economies, emphasizing that they can reap benefits without needing large models or extensive data centers.
The World Bank is providing $216.4 million to fund an eight-year program in northern Mozambique. The initiative will focus on collaboration between the state and communities, and access to economic opportunities, with a goal to mobilize $2.5 billion.
Global remittances from immigrants exceeded $860 billion in 2025, with India receiving the largest share at $125 billion, according to a World Bank initiative, highlighting the economic reliance of some countries on these funds.
The World Bank is encouraging developing economies to rapidly adopt artificial intelligence in their governments and businesses, emphasizing the need to adapt existing AI tools to local contexts to counter weak growth.
Youth unemployment in Ghana continues to be stubbornly high at approximately 30%, while the World Bank estimates poverty (measured at $3 a day) modestly declined to 37.1% in 2025, reflecting disinflation and growth in agriculture and services.
A World Bank report suggests that artificial intelligence could enable developing countries to achieve a century's worth of progress in just a decade, provided they address existing gaps in electricity access.
The World Bank has stated that corruption in flood control projects is spooking investors and dragging down economic growth in the Philippines. Despite this, the bank maintained its 2026 growth forecast for the country.
Nigerians are eligible to apply for the World Bank's 2027 Africa Fellowship Programme in the United States, with details on eligibility, application steps, and deadlines now available.
A panel has been formed to review the World Bank's report on federalism, while Prime Minister Shehbaz Sharif has ordered fast-track reforms for the Oil and Gas Regulatory Authority (OGRA).
Ghana's New Patriotic Party (NPP) has requested an explanation from the government regarding the exclusion of the Upper East Region from the US$500 million Ghana Market Access and Connectivity Project, financed by the World Bank.
The World Bank president is in Mexico for the first time in five years to advance a new Country Partnership Framework aligned with the Sheinbaum administration's Plan Mexico development strategy.
The Sindh government and the World Bank have agreed to accelerate a plan to provide clean water to two million people and upgrade the water supply system in the city.
Busia Senator Omtatah, along with two activists, has filed a court challenge against the Bretton Woods Agreements Act, which grants immunity to the IMF and World Bank.
The World Bank predicts Morocco's economic growth will decelerate to 4.2% by 2026, following a 4.9% growth rate last year, which was the highest in a decade.
The IBON Foundation argues that the World Bank's recent upgrade of the Philippines to upper-middle-income status does not accurately reflect the realities of Filipinos, citing deep structural issues in employment, inequality, and industrial development.
The World Bank has estimated that the twin earthquakes that struck Venezuela on June 24 caused direct physical damages amounting to $19.6 billion. The cost of reconstruction, however, could be double or even higher.
The World Bank has confirmed its intention to gradually phase out lending to China by the year 2031. This decision marks a significant shift in the institution's financial strategy concerning China.
The Nigerian Federal Government has received the final report for the $500 million World Bank-backed AGROW programme, with 71% of the financing to be implemented through participating states.
The Cabinet has approved a proposed $300 million World Bank financing package to support infrastructure development in senior high schools, with Parliament expected to consider the agreement on…
A proposed electricity interconnection project between Cyprus and Lebanon is being assessed by the World Bank, aiming to connect Beirut to the European power grid and become a strategically important energy project for the Levant.
The Swedish government has approved the allocation of SEK 1.4 billion (over €126 million) to support the World Bank's new crisis mechanism, providing assistance for Ukraine's recovery.
A former World Bank official has issued a warning about the urgent need for global market diversification away from highly concentrated US equities to protect savers from a potentially dangerous valuation correction.
The World Bank has announced it is abandoning one of its most significant goals in supporting the world's green transformation, which aimed to direct 45% of its annual financing towards projects with climate benefits.
Nigeria's First Lady, Oluremi Tinubu, has assured the World Bank of the government's commitment to implementing a robust school feeding program before 2027. She emphasized President Tinubu's passion for the initiative, aiming to enhance the welfare and education of Nigerian children.
Nigeria's First Lady urged the World Bank to prioritize investments in early childhood development, highlighting its crucial role in enhancing children's focus and overall potential.
The World Bank has released a new report on fiscal federalism, presenting it as a fresh diagnosis of Pakistan's economic challenges, following the IMF's recent report on governance.
Senator Loren Legarda has filed a resolution for the Senate to investigate the real impact of the Philippines' recent reclassification as an Upper Middle-Income Country by the World Bank.
The World Bank has approved $375.9 million in financing for Pakistan's Grid Stability Enhancement Project, aimed at strengthening the country's national power transmission network.
FBiH Prime Minister Nermin Nikšić held meetings with the Spanish Ambassador and a World Bank official. Discussions focused on strengthening bilateral economic ties and reviewing ongoing and future development projects.
The World Bank suggests that the development of artificial intelligence could reduce labor tax revenues, recommending an increase in taxes on capital and corporations to offset this. Economists, however, view higher corporate income tax as a poor solution.
An analysis suggests that while the World Bank reclassified the Philippines as an upper-middle-income economy, the nation's primary challenge now shifts from wealth accumulation to improving governance.
A recent World Bank report has analyzed the National Finance Commission (NFC) Award after Pakistan's 18th Amendment, revealing that a significant portion of the funds appears to have been used to expand local bureaucracies in health and education.
The World Bank's recent report, 'Strengthening fiscal federalism in Pakistan,' has drawn mixed reactions, with some viewing it as a critical assessment of the sovereign country's fiscal distribution.
A report, possibly from the World Bank, indicates significant disparities in funding distribution across Pakistan. It states that cities like Quetta and Lahore are receiving substantially more funds, 475% and 440% respectively, compared to other districts.
The World Bank is reportedly winding down its lending to China, with Beijing downplaying the reports and noting that the nation's advancing economy is shifting cooperation away from financing.
A World Bank study titled 'Strengthening Fiscal Federalism in Pakistan' has published a critical assessment of the seventh National Finance Commission (NFC) Award, highlighting its impact.
Nana Agyei Baffour Awuah, MP for Manhyia South, has refuted allegations that funds from the Greater Accra Resilient and Integrated Development (GARID) Project were misused by the previous New Patriotic Party (NPP) administration, citing a World Bank report.
The World Bank's June 2026 Global Economic Prospects report indicates that solvent governments could default if they lack the liquidity to repay loans, noting that liquidity and rollover risks increase interest rate sensitivity to additional debt.
The World Bank has stated that Pakistan has made 'meaningful' progress in fiscal federalism since 2010, but highlighted remaining deviations from international norms and good practices, particularly in current federal-provincial transfer arrangements.
The World Bank is set to reward top-performing states with $27 million in reform incentives under its HOPE Governance Programme. This initiative aims to encourage and acknowledge states that have implemented significant reforms.
The Greater Accra Resilient and Integrated Development (GARID) Project has been extended to 2027 following additional financing from the World Bank, though the project coordinator admitted that delays in contractor payments have slowed engineering works.
A Bulgarian business newsletter provides an overview of key economic topics, including the largest solar parks, the unchanged health insurance fund budget, and World Bank recommendations for the national economy.
A new World Bank report highlights Nigeria, Tanzania, and Ethiopia as frontrunners in Africa’s electrification efforts, having connected over 50 million people to power.
The World Bank and IFC emphasize that Turkish small and medium-sized enterprises (SMEs) form the majority of businesses in the country and play a crucial role in various economic sectors, including employment.
The World Bank has approved $1.1 billion in emergency funding for Bangladesh, one of the world's poorest countries, to help ensure food supply and support households amidst the impact of the Middle East conflict.
World Bank President Ajay Banga stated that Ukraine will require more than $580 billion for reconstruction over the next decade. The World Bank is currently raising $2 billion for a dedicated program to support this effort.
The World Bank has emphasized that Ghana's economic future is contingent on urgently creating jobs for its youth and ensuring a smooth transition from education to employment.
Mexico and Brazil are set to receive a combined $500 million in World Bank funds aimed at decarbonizing their respective industries. This catalytic financing is expected to attract larger investments for climate-saving projects.
A new World Bank Group report suggests that artificial intelligence could increase Poland's real GDP by 1.3% to 12.1% by 2035, with benefits depending on investments, worker adaptation, and public policies.
Bangladesh is set to receive a $1.5 billion financial package from the World Bank within the current month. This funding is expected to support various development initiatives in the country.
Ghana's Minister of Education, Haruna Iddrisu, announced a plan to invest GH₵2.5 billion into second-cycle education infrastructure between 2026 and 2027, with support from the World Bank.
The World Bank has approved a $300 million STARR-J Project to support secondary education in Ghana, aiming to improve learning conditions and eliminate the double-track Senior High School system by 2027. Edem Agbana welcomed the initiative, highlighting its potential to transform schools in areas like Ketu North.
Poland and the World Bank have reached an agreement to conclude the country's participation in the main development loan program. This milestone signifies Poland's economic transformation and its graduation from needing such financial assistance.
Indian politician Shashi Tharoor has drawn attention to a World Bank report indicating that Malayalis returning to Kerala from Saudi Arabia exhibit more conservative values. Tharoor described the findings as 'disturbing'.
The World Bank has issued a warning about a looming youth jobs crunch in the region, highlighting challenges in employment opportunities for young people.
A World Bank report, "A Conflict-Torn Economy," estimates Lebanon's real GDP will grow by 4.2% in 2025, its strongest since 2019, but warns this recovery will be undone by conflict in 2026.
The International Finance Corporation (IFC), the World Bank’s commercial arm, has signed its first $100 million financing agreement with Pakistan's Bank Alfalah under the Diversified Payment Rights (DPR) Programme.
UBEC has set a November 15 deadline for states to demonstrate readiness for the World Bank-supported HOPE-EDU programme, which is crucial for accessing disbursements.
The World Bank stated that AI tools must be adapted to local languages and institutions to be effective, noting that developing economies have more to gain from AI, with many jobs being enhanced rather than replaced.
Over the past decade, Saudi Arabia's extensive economic and development reforms have transformed it into a global competitiveness knowledge hub, recognized by the World Bank Group.
The World Bank has announced $200 million in emergency aid to Colombia following a devastating earthquake that killed 265 people. This assistance aims to support the country's recovery efforts after the natural disaster.
Serbian Minister of Mining and Energy, Dubravka Đedović Handanović, met with a World Bank delegation to discuss the next steps for a new gas program, which includes developing internal gas infrastructure and constructing the first section of a pipeline.
Amid a blame game and fiduciary concerns, the Pakistani government has quietly restructured a Rs115 billion World Bank-funded post-flood rehabilitation project, impacting over 134,000 flood-affected families in Balochistan.
A World Bank report suggests that addressing generation costs, rather than just system loss, could significantly reduce household electricity rates in Luzon by up to 28%.
The World Bank highlights that the Philippines' 12% VAT yields no more than Thailand's 7% due to collection issues. It also notes that while Philippine business regulations match Singapore's on paper, public services and day-to-day delivery lag significantly.
The World Bank has given its approval for a $268.62 million project designed to enhance access to safe water and sanitation services in the island provinces of the Philippines.
The United Nations, in collaboration with the Delcy Rodríguez government, the World Bank, and other financial institutions, is preparing a reconstruction plan for Venezuela following an earthquake, with controlled demolitions of damaged buildings already underway in La Guaira.
The World Bank has issued a warning that Nigeria is at risk of being left behind in the artificial intelligence revolution unless urgent actions are taken to embrace AI for development.
While Pakistan boasts the lowest marine plastic pollution rates in South Asia according to the World Bank, the country faces significant challenges in plastic recycling, contrasting with its apparent success in overall recycling.
Ed Miliband, the UK's foreign secretary, has been appointed to the board of the World Bank. His role will focus on overseas aid and climate, which are central to the UK's agenda.
VMRO-DPMNE states that the agriculture sector has stabilized, citing progress on previously blocked projects such as an 80 million euro loan from KfW bank and improved realization of a World Bank loan for agricultural modernization.
Israeli Prime Minister Benjamin Netanyahu is facing accusations of war crimes and calls for his arrest, particularly from NYC Mayor Mamdani, while also dealing with a commission investigating the 'submarine affair' and reports of US warnings against escalating the Gaza war to Iran.
The World Bank predicts that Morocco's economic growth will decelerate to 4.2% in 2026, following a 4.9% increase last year, which was the highest rate in a decade.
The World Bank and various experts are urging for greater financial investment in the education, healthcare, and nutrition of internally displaced children in Nigeria to safeguard the nation's future human capital development.
The World Bank has estimated that the damage caused by the recent double earthquakes in Venezuela amounts to nearly $20 billion. This figure highlights the extensive destruction and economic impact on the country.
The World Bank's chief economist, Indermit Gill, warned that a further escalation of the conflict between the United States and Iran could reduce global economic growth in 2026 to a mere 1.3 percent.
Ghana's Roads and Highways Minister, Kwame Governs Agbodza, has assured Parliament that road projects funded by the newly approved US$500 million World Bank credit facility will undergo strict monitoring to ensure quality execution.
Angola has finalized a joint operation with the World Bank to swap debt for education funding, a deal totaling $1.1 billion that will finance 30 schools.
Nigerian TV personality Rufai Oseni of Arise TV expressed distress over Nigeria's economic state, lamenting its transformation from a nation capable of funding the World Bank and IMF to one of the world's most persistent borrowers.
The World Bank's representative in Cape Verde has urged for a 'reliable and accessible inter-island transport system' to bolster the tourism-driven recovery of the archipelago.
The World Bank and Visa Foundation have partnered to empower women entrepreneurs in Nigeria and other emerging markets through digital finance, training, and innovative solutions.
The World Bank has urged Kenya to avoid raising taxes and instead focus on improving the composition and efficiency of government expenditure to manage its economy.
The World Bank has downgraded Ghana's Energy Sector Recovery Programme from 'Moderately Satisfactory' to 'Unsatisfactory,' citing financing constraints, election-related disruptions, and new procurement issues as reasons for implementation delays.
Ukraine has received a significant financial injection of 2.93 billion from the World Bank, with other reports indicating a total of 3.35 billion. This aid package aims to support the country's economy and ongoing needs.
Turkey has announced its withdrawal from the newly established World Bank of Defense, Security and Resilience, an institution where Greece is a founding member.
Nigeria has received the prestigious UNODC–World Bank–Egmont Group Stolen Asset Recovery (StAR) Initiative Award. This recognition comes months after the country successfully exited the Financial Action Task Force (FATF) grey list.
The World Bank is reportedly changing its climate goals after facing pressure from the Trump administration, which had previously supported green megaprojects.
Expenditure records for Ghana's Greater Accra Resilient and Integrated Development (GARID) Project have raised questions over project spending, following the World Bank's downgrade of its implementation to 'Moderately Unsatisfactory' in May 2026.
The World Bank is facing criticism for reportedly abandoning its climate targets, signaling a shift away from its previous focus on green growth initiatives.
The World Bank has reportedly abandoned its climate targets, marking a significant shift away from the institution's previous emphasis on green growth initiatives.
A World Bank report indicates that Pakistan's fiscal decentralization efforts have failed to close regional spending gaps, with provincial capitals receiving significantly more per person than their own provinces, despite some areas having budget surpluses.
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The Nigerian Presidency has called for the DSS and EFCC to investigate the PFIPC scam and unravel the criminal network involved. This demand comes amidst public outcry and calls from various figures, including Falana and Atiku, for the Federal Government to answer questions regarding the scandal.
The World Bank has abandoned its goal of allocating 45 percent of its financing to climate change projects, sparking concerns that poorer nations, particularly in Africa, may receive less support for climate adaptation.
The World Bank Group has approved a new long-term partnership strategy for Nigeria, backed by $1.25 billion in financing, aimed at stimulating job creation and economic growth between 2026 and 2032.
The World Bank has approved a $1.25 billion loan for Nigeria, aimed at boosting reforms, investment, and job creation, despite existing debt concerns. This financing also coincides with the unveiling of the World Bank's six-year growth strategy for the country.
The Federal Government of Nigeria and the World Bank are strengthening collaboration to boost water access and food security in the country, aligning with the Renewed Hope Agenda.
The World Bank supports reductions in provincial allocations under Pakistan's National Finance Commission (NFC) award, as allocations by provinces fell short by Rs229 billion, and advocates for bridging imbalances.
The World Bank has approved a $70 million loan for the Connected Punjab Programme, aimed at enhancing digital infrastructure in the region. This funding will support efforts to improve digital connectivity across Punjab.
Moldova's Ministry of Energy and the World Bank have signed a grant agreement for up to $1.7 million to modernize Termoelectrica, the country's main heat and power producer.
The Greater Accra Resilient and Integrated Development (GARID) Project has committed approximately $150 million of its $285 million World Bank funding towards flood-control initiatives, amidst ongoing questions about implementation pace.
The World Bank states that Bulgaria requires a new growth model to overcome economic limitations, citing low innovation investments, an underdeveloped capital market, and inefficient resource allocation.
Bangladesh has successfully secured $3.11 billion in emergency budget support from development partners, including the World Bank and the Asian Development Bank (ADB).
Nigeria is projected to remain among the world's nine largest gas-flaring countries in 2025, as global gas flaring reached its highest level since 2019, according to the World Bank's latest Global Gas Flaring Tracker Report.
The World Bank and the African Development Bank's Mission 300 initiative has successfully connected over 50 million people to electricity across 40 African countries, accelerating electrification efforts on the continent.
A World Bank report warns that artificial intelligence will bring billions to the Polish economy but will also deplete budget revenues from PIT and ZUS contributions, leading to serious problems in state financing.
The World Bank projects that artificial intelligence has the potential to significantly enhance Poland's economy, estimating a 12% boost by the year 2035.
The World Bank views Montenegro as a key partner in the region and supports its reform course, highlighting the country's focus as the most advanced candidate for EU membership.
The World Bank has highlighted Greece's reform of its Judicial Map as an international model, with an event held at the Ministry of Justice to discuss the reform's success and the World Bank's contribution.
The World Bank has presented a new partnership framework with Poland, projecting that the country will "graduate" from the bank's loan program by 2031, reflecting its significant economic progress.
The World Bank has approved a $300 million financing package to support Ghana's efforts to phase out the double-track system in Senior High Schools by 2027. This funding aims to improve educational infrastructure and access.