News

The World Bank Group today announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. This is part of a larger global effort to provide a basic standard of care through every stage of a person’s life—infancy, childhood, adolescence, and adulthood.

The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.

Domestic food price inflation remains high. Inflation higher than 5% is experienced in 57.1% of low-income countries (a 2.9 percentage point decrease since the last update on March 28, 2024), 63.8% of lower-middle-income countries (no change), 36% percent of upper-middle-income countries (3.0 percentage points lower), and 21.8% of high-income countries (5.5 percentage points lower).

For the first time, the work of all World Bank Group financing institutions will be tracked through the same set of indicators. The new scorecard will track the Bank’s overarching vision of ending poverty on a livable planet.

Despite their high potential to advance global prosperity, one-half of the world’s 75 most vulnerable countries are facing a widening income gap with the wealthiest economies for the first time in this century, a new World Bank report has found.

The cost of damage to critical infrastructure in Gaza is estimated at around $18.5 billion according to a new report released today by the World Bank and the United Nations, with the financial support of the European Union. That is equivalent to 97% of the combined GDP of the West Bank and Gaza in 2022.

The World Bank Group today published sought-after proprietary statistics that reveal the credit risk profile of private and public sector investments in emerging markets. Making this data publicly available is the latest in a concerted effort to drive more private sector investment to emerging and developing economies.