Low-income populations benefit the most from technological innovations such as mobile payments, mobile banking, and borrower identification based on fingerprinting and iris scans, according to a new ...

PARIS, June 22, 2023—The World Bank Group today launched the Private Sector Investment Lab, a concrete step in a broader effort to develop, and rapidly scale, solutions that address the barriers ...

Washington, DC: The World Bank Group (WBG) and the International Monetary Fund (IMF) are deepening their cooperation through an enhanced framework to help countries scale up action to confront the ...

World Bank Group President Ajay Banga on Tuesday said proposed new contributions from wealthy countries combined with balance sheet changes could boost the bank's lending capacity by $100 billion ...

This partnership agreement, signed by IAEA Director General Rafael Mariano Grossi and World Bank Group President Ajay Banga, marks the World Bank Group’s first concrete step to reengage with nuclear ...

Since its founding in 1944, the World Bank has evolved from a lender focused on European reconstruction to the preeminent international institution for economic development and poverty reduction.

I look forward to this High-Level Advisory Group offering new ideas for impactful action, both at country-level and globally, to foster green, resilient and inclusive development and help developing ...

World Bank fight against poverty fails to address climate impact, critics say The group's president, a Trump appointee, has faced calls to step down.

The World Bank Group (WBG) recently revised two key sanctions system procedures to account for 10 to 15 years of sanctions case development and issue ...

Topline World Bank President David Malpass announced Wednesday his plan to step down in June, nearly a year before the end of his five-year term, following a recent controversy over climate change ...

As the world faced a host of intertwined challenges – from climate change, pandemics, fragility, geo-political tensions, to debt distress – the World Bank Group changed to become a better and bigger ...

Rafael Mariano Grossi, Director General of the International Atomic Energy Agency, and Ajay Banga, President of the World Bank Group, sign a partnership agreement to collaborate on the safe, secure ...