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World Bank
Banking & Finance
European Union allocates $30.6 billion for climate finance in 2023, secures additional $7.7 billion in private investment
Figures released ahead of COP29, taking place November 11 to 22 in Baku, AzerbaijanÂ
Asia
World Bank commits over $2 billion to support Bangladesh’s reforms
The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025
Banking & Finance
Global transition to low-carbon economy needs $3 trillion each year until 2050: Yellen
In 2022, wealthier economies provided an all-time high of $116 billion for climate finance for developing countries
Asia
China’s industrial output rises 5.6 percent in May, signaling continued economic expansion
China's retail sales grew 3.7 percent in May, up from 2.3 percent in April
Sustainability
World Bank launches $200 million bond to fund Amazon reforestation efforts in Brazil
The principal-protected bond will provide financing for reforestation initiatives selected by the Brazilian startup Mombak
Economy
World Bank secures $11 billion backing for new financial instruments to boost lending capacity
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
Miscellaneous
World Bank to provide affordable healthcare to 1.5 billion people by 2030
Expected shortage of 10 million healthcare workers by 2030 to further exacerbate healthcare access
Economy
IMF’s executive director Dr. Mahmoud Mohieldin on fund’s pivotal role in shaping the future of the global economy
How International Financial Institutions (IFIs) can help countries navigate economic challenges
Banking & Finance
The World Bank: MENA can be an engine for change, partner for sustainable future
Region must tackle important structural reform agenda to ensure peace and stability
Features
COP28: Junaid Kamal Ahmad, vice president of operations at MIGA, The World Bank on private finance and climate change
MIGA de-risks and protects GCC investment in many countries