In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s annual “State and Trends of ...

WASHINGTON, May 23, 2024 – The World Bank has issued its latest update on The Impact of the Conflict in the Middle East on the Palestinian Economy. The report draws on the latest available data and ...

Real GDP is projected to contract by 1.5% in 2024. As of 2022, poverty affects 69% of the population. Extreme poverty reached 27% up from a negligible level in 2009. BEIRUT, May 24, 2024 — More than a ...

WASHINGTON, May 24, 2024—The World Bank’s Board of Executive Directors approved today a $100 million concessional loan for Uzbekistan to implement the Innovative Social Protection System for Inclusion ...

Forests are disappearing at an alarming rate of 10 million hectares each year and about 12% of the world’s greenhouse gas emissions are attributed to deforestation and forest degradation. But nature ...

The Gambia’s economic activity increased in 2023 amid continued global challenges. Following its democratic transition, The Gambia recorded resilient growth amid a sequence of global shocks, ...

LUSAKA, May 21, 2024 — Communities in Zambia’s Eastern Province are set to reap the benefits of their efforts in forest conservation, climate-smart agriculture, and other activities such as fuel ...

Caught in the crosshairs of escalating global crises, Small Island Developing States (SIDS) meet May 27-30, 2024, together with the international community, to discuss ways to tackle issues including ...

Meriam Nemeriango, a teacher at Nuakwanapou Primary School in Vanuatu, stands in front of a World Bank supported school cyclone shelter. (C) Hamish Wyatt/World Bank Vanuatu faces some of the most ...

The Syria Earthquake 2023 Rapid Damage and Needs Assessment (RDNA) presents an assessment of the impact of the earthquakes that hit the Northern and Western parts of Syria in February 2023 on physical ...

One of out of every three Lebanese have fallen into poverty in 2022 BEIRUT, May 23, 2024 — Poverty in Lebanon has more than tripled over the past decade reaching 44% of the total population, according ...