December 19, 2023
Tanzania: Urgent Reforms Needed to Enable Strong Private Sector-Led Inclusive Growth
DAR ES SALAAM, December 19, 2023-Over the past two decades, Tanzania has exhibited robust economic growth, surpassing many developing countries, even weathering the COVID-19… Read more »
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 »
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 »
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 »
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 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 »
November 29, 2022
Somalia: Somalia's Economy Expected to Grow Despite Significant Shocks
omalia's economy rebounded with GDP growth of 2.9 percent in 2021, up from a contraction of 0.3 percent in 2020 and 0.5 percent higher than last year's forecast of 2.4 percent.… Read more »
November 22, 2022
Kenya: Boosting Equitable Development As Kenya Strives to Become an Upper Middle-Income Country
The World Bank Group (WBG) Board of Executive Directors today voiced its support for the WBG's latest six-year strategy to support Kenya in its ongoing efforts towards green,… Read more »
November 14, 2022
Botswana: World Bank Appoints Liang Wang As New Country Representative for Botswana
The World Bank is pleased to announce the appointment of Mr. Liang Wang as the new Country Representative for Botswana, effective November 15, 2022. Read more »
September 29, 2022
Rwanda: Sustaining Growth in Rwanda Requires Building Resilience to Climate Shocks #AfricaClimateCrisis
World Bank Group's Country Climate and Development Report calls for prioritized investments to reduce the country's vulnerability to climate change Read more »
Somalia: Somalia Receives U.S.$58 million in World Bank Financing to Develop Regional Transport Infrastructure, a First in Decades
The World Bank approved a $58 million International Development Assistance (*IDA) grant to help lay the foundation for the future development of Somalia's transport infrastructure.… Read more »
October 03, 2022
Africa: In Five Charts: Understanding the Africa Country Policy and Institutional Assessment 2022 Report
CPIA AFRICA: Assessing Africa's Policies and Institutions Read more »
September 21, 2022
Benin: U.S.$150 Million to Strengthen Potential for Strong and Inclusive Growth
The World Bank today approved $150 million in International Development Association (IDA) financing* to help the Government of Benin empower women and girls, expand access to… Read more »
July 21, 2022
Africa: Africa Centres for Disease Control Receives a $100 Million Boost from the World Bank to Strengthen Continental Public Health Preparedness
The World Bank has approved a $100 million support program for the Africa Centres for Disease Control (Africa CDC) that will help enhance the institution's technical capacity and… Read more »
June 29, 2022
Benin: Drinking Water for More Than Three Million Residents of Rural Benin
The World Bank today approved an International Development Association (IDA)* additional financing of $250 million to enable Benin to continue its large-scale program to provide… Read more »
June 07, 2022
South Sudan: New World Bank Financing to Boost Access to Income Generating Opportunities for Youth and Women
JUBA, June 7, 2022- -The World Bank's Executive Board of Directors has approved $129 million in International Development Association* (IDA) grant financing to expand access to… Read more »
June 08, 2022
Africa: World Bank Supports Ghana to Scale up and Improve Urban Services to 2 Million People in 35 Secondary Cities
World Bank Supports Ghana to Scale up and Improve Urban Services to 2 million people in 35 Secondary Cities Read more »