December 13, 2023
Malawi: Malawi Country Economic Memorandum Calls for Significant Policy Reforms to Achieve Higher Rates of Growth
Malawi's per capita economic growth has been insufficient to reduce high and stubborn rates of poverty, according to the latest World Bank Country Economic Memorandum (CEM). The… Read more »
Zimbabwe: Continued Reforms to Boost Macro-Economic Stability in Zimbabwe
Economic growth is projected to slow to 3.5 percent in 2024, a decrease from 4.5 percent in 2023, as agricultural output is expected to suffer from depressed global growth and the… Read more »
December 12, 2023
Kenya: Kenya Taps World Bank Support to Create Up to 45,000 New Job Opportunities and Enhance Access to Markets for Small Businesses
The World Bank has approved the Kenya Jobs and Economic Transformation Project (KJET) to benefit at least 45,000 Kenyans, including at least 6,800 women through new or improved job… Read more »
December 07, 2023
Benin: Benin Can Create Opportunities for a Just Energy Transition and Green Inclusive Growth - World Bank Report
While high growth over the past decade has helped Benin reduce poverty, the country's development gains are threatened by the impact of climate shocks, according to the new Country… Read more »
December 05, 2023
Africa: 40 Million People in Djibouti and Ethiopia to Reap Gains From Expansion of Digital Economy
Communities in Djibouti and Ethiopia, including borderland areas, refugees and host communities, will benefit from enhanced connectivity as part of a World Bank-backed initiative… Read more »
December 04, 2023
Madagascar: Madagascar Receives $8.8 Million for Forest Carbon Credits That Will Further Protect the Remaining Forests and Communities
Madagascar received $8.8 million for carbon credits from reducing 1.76 million tons of carbon emissions in 2020, becoming the third country in Africa (after Mozambique and Ghana)… Read more »
December 03, 2023
Rwanda: A Strong Commitment to Human Capital Is an Investment in Rwanda's Future
"It brings me joy to be considered and compensated by the government, just like other teachers," says Angelique Ayinkamiye, a nursery teacher in Kigali, Rwanda. Read more »
November 22, 2023
South Africa: Raising South Africa's Economic Prospects By Curbing Crime
The impact of crime on South Africa's economic prospects is high and broad-based, according to a World Bank report released today. The report aims to contribute to a better… Read more »
November 20, 2023
Africa: World Bank Approves a $60 Million Grant to Avert Acute Shortages of Critical and Lifesaving Commodities
Commercial Banks in Malawi will now have access to an imports backstopping facility through a $60 million grant from the International Development Association* (IDA) approved by… Read more »
October 25, 2023
South Africa: World Bank's U.S.$1 Billion Loan to Help Tackle Power Crisis
The World Bank Board supports the Government of South Africa's efforts to promote long-term energy security and a low carbon transition with a $1 billion Development Policy Loan… Read more »
October 05, 2023
Africa: To Avert a 'Lost Decade', Africa Must Urgently Achieve Stability, Increase Growth, and Create Jobs
Sub-Saharan Africa’s economic outlook remains bleak amid an elusive growth recovery. According to the latest World Bank Africa’s Pulse report, rising instability,… Read more »
April 05, 2023
Africa: Continent's Growth Remains Low - World Bank
Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation, and… Read more »
February 06, 2023
Comoros: Comoros Receives $30 Million to Provide Emergency Cash Transfers and Improve the Resilience of Vulnerable Households
The World Bank approved a $30 million grant of which $15 million comes from the Crisis Response Window to provide both immediate and medium-term support to vulnerable populations.… Read more »
February 02, 2023
Cote d'Ivoire: A New Strategy to Support Economic and Social Transformation in Côte d'Ivoire
The World Bank Group today presented a new Country Partnership Framework (CPF) 2023-2027 with Côte d'Ivoire that focuses on improving human capital, reducing disparities and… Read more »
January 31, 2023
West Africa: Accelerating Access to Renewable Energy in West Africa
Sierra Leone, Chad, Liberia, and Togo Kick Off Activities to Increase Grid-Connected Renewable Energy Capacity Read more »
December 22, 2022
Rwanda: World Bank Provides $200 Million to Support Accelerated Human Capital Development in Rwanda
The World Bank's Board of Directors approved $200 million in International Development Association (*IDA) financing to advance Rwanda's policy and institutional reform program for… Read more »
December 20, 2022
Africa: New Financing to Support Inclusive and Resilient Economic Recovery and Improved Healthcare Services
The World Bank has today approved two financing programs for Tanzania totaling $775 million. The new International Development Association (*IDA) financing consists of a $500… Read more »
Zambia: World Bank Releases $100 Million for Zambia Amid Substantial Delays in Debt Restructuring
The World Bank announced today that it is releasing the second tranche of its support for the Zambia Macroeconomic Stability, Growth and Competitiveness Program - a $100 million… Read more »
West Africa: World Bank Approves $311 Million to Increase Grid-Connected Renewable Energy Capacity in West Africa
Existing and prospective electricity customers in Chad, Liberia, Sierra Leone, and Togo will benefit from the new Regional Emergency Solar Power Intervention Project (RESPITE)… Read more »
December 19, 2022
Cameroon: World Bank Group Supports Cameroon to Promote Inclusive and Robust Growth and Economic Resilience
The World Bank Group's Board of Executive Directors today approved a $100 million Fiscal Consolidation and Inclusive Growth Development Policy Operation (DPO) to support inclusive… Read more »
December 15, 2022
Africa: World Bank Grants $70 Million for Delivery of Water, Agriculture, Livestock, and Environmental Services in Somalia
The World Bank approved a $70 million International Development Association (IDA*) grant to develop resilient water, agriculture, and environmental services for rural communities… Read more »
Africa: Trade in the African Continental Free Trade Area Could Expand Uganda's Economy
The Ugandan economy needs to grow rapidly, sustainably, and broadly to reach middle-income status, lift its population out of poverty, and generate enough jobs for one of the… Read more »
December 09, 2022
Gabon: Gabon Country Economic Memorandum - Toward Greener and More Inclusive Growth
STORY HIGHLIGHTS Read more »
December 08, 2022
Africa: African Development Bank, World Bank to Jointly Launch Electricity Regulatory Index Reports for Africa and the World
The African Development Bank and the World Bank joined forces to launch parallel reports, respectively capturing the state of power sector regulation in Africa, and more broadly… Read more »
December 07, 2022
Gambia: World Bank Approves Additional $20 Million Grant to Help Bridge Unexpected Financing Gap
The World Bank's Board of Executive Directors today approved Supplemental Financing for The Gambia Second Fiscal Management, Energy and Telecom Reform Development Policy Financing… Read more »