IDA countries, nations which receive help from the World Bank's International Development Association, paid $96.2bn (€91.9bn) to service their debt in 2023.

Slovenia has announced a 30% increase in its contribution to the World Bank's International Development Association (IDA), reinforcing its commitment to supporting the world's poorest countries. The ...

The World Bank has approved over $1 billion dollars for infrastructure and reconstruction projects in Iraq, Syria and Lebanon ...

The World Bank announced Wednesday that it will invest over $1.3 billion to improve the quality of life in three war-torn ...

The bank can use this money to borrow on financial markets, allowing it to leverage the amount raised by around four times, unlocking about $100bn in new loans and grants, up from $93bn in 2021.

The goal of ending extreme poverty around the globe remains elusive partly due to compounding challenges faced by economies ...

On 15 October 2024, the World Bank stated in a press release: ‘The global goal of ending extreme poverty - less than $2.15 per person per day - by 2030 is ...

South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation ...

The World Bank said it is committing $1 billion to help the Democratic Republic of Congo prepare for the development of the next stage of what could be the world’s biggest hydropower project.