January 11
Togo: Transforming Lives in Vulnerable Communities in Togo
Akossiwa Akakpo lives in Ognawlou, a village located about 35 kilometers from Atakpamé in southern Togo. She is eager to send her granddaughters to school for their future… Read more »
December 14, 2023
Africa: Sierra Leone - World Bank Approves U.S.$65 Million to Support Macroeconomic Stability and Governance
The World Bank Board of Executive Directors today approved the Third Inclusive and Sustainable Growth Development Policy Financing (DPF) - a $65 million grant which will support… Read more »
December 20, 2023
Tanzania: New Financing to Support Private Sector-Led Inclusive Growth and Climate-Resilient Development in Dar es Salaam
Today the World Bank Board of Executive Directors approved two new financing operations for Tanzania: a $750 million Development Policy Financing (DPF) operation set to support… Read more »
Southern Africa: Two Million People to Be Protected From Water-Related Climate Shocks and Flooding in Eastern and Southern Africa
Nearly two million people will be protected from exposure to water-related climate shocks, including flooding, thanks to protective and resilient infrastructure, improved disaster… Read more »
December 19, 2023
Central Africa: A One Health Approach to Boost Health Security in Western and Central Africa
The World Bank Board today approved a Health Security Program for Western and Central Africa in a move to boost health security in the sub-region. During its first phase, the $500… Read more »
December 20, 2023
Kenya: Kenya's Economic Performance Strengthened in 2023 Despite Continued Challenges
Kenya's economic performance strengthened in 2023 despite continued challenges, with real GDP growth accelerating from 4.8% in 2022 to an estimated 5% in 2023. This is according to… Read more »
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
Africa: IMF and World Bank Announce $4.5 Billion in Debt Relief for Somalia
The Executive Boards of the International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have approved the Heavily Indebted Poor Countries… Read more »
December 14, 2023
Kenya: Kenya Can Build On Past Success to Make Growth More Inclusive and Accelerate Poverty Reduction
Kenya has in the past been successful in translating economic growth into improved living standards of its citizens. Despite progress, the challenge going forward is to ensure the… 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 07, 2023
Africa: From Trash to Trendy Shoes - Access to Business Training and Financing Transforms Waste Into Profits
With a penchant for environmental consciousness, Misgana Gebre Egziabhair skillfully crafts sustainable footwear using recyclable materials such as repurposed automobile tires and… Read more »
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 »
Gambia: The Gambia Receives $60m to Boost Sustainable Growth and Climate Resilience
The World Bank board today approved $60 million in financing from the International Development Association (IDA) to support the Government of The Gambia's efforts to unlock its… 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 »