From April 2020 through June 2021, we committed $8.4 billion for 153 operations under the MPA and reprioritized $3.1 billion from the portfolio to support over 100 countries in their response to the ...

IMF chief Kristalina Georgieva on Thursday announced plans for a new playbook for countries considering debt restructuring, ...

The world’s Middle Income Countries (MICs) are a diverse group by size, population, and income level. For the current 2024 fiscal year, low-income economies are defined as those with a GNI per capita, ...

World Bank President Ajay Banga said on Wednesday he has had constructive talks with the Trump administration about the ...

Marketscategory· December 3, 2024 Developing countries' record $1.4 trillion debt service bill squeezes budgets The World Bank on Tuesday said developing countries spent a record $1.4 trillion to ...

The projects are financed by the International Development Association (IDA), the arm of the World Bank Group which supports low-income countries and small island economies. IDA’s grants and low ...

With Dr Adesina at the helm, the African Development Bank Group achieved the highest capital increase since its establishment in 1964 when on 31 October 2019, shareholders from 80 member countries ...

The World Bank focuses on poverty reduction and the improvement of living standards worldwide by providing low-interest loans, interest-free credit, and grants to developing countries for ...