{"rows":20,"os":0,"page":1,"total":14630,"documents":{"NmQxMDA1YjczMzFiYjU3MTc2NmUzMDQ4NTdlYjI4NTRiOWFhMWE1OQ2":{"id":"NmQxMDA1YjczMzFiYjU3MTc2NmUzMDQ4NTdlYjI4NTRiOWFhMWE1OQ2","url":"http://www.worldbank.org/en/news/press-release/2026/08/19/world-bank-group-appoints-juan-carlos-alvarez-as-country-manager-for-trinidad-and-tobago","descr":{"cdata!":"Mr. Alvarez will lead World Bank Group institutions in Trinidad and Tobago, including: The International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA)."},"keywd":"regions:Latin America and Caribbean","lang":"English","admreg":"Latin America and Caribbean","title":{"cdata!":"World Bank Group Appoints Juan Carlos Alvarez as Country Manager for Trinidad and Tobago"},"cqpath":"/content/wb-home/en/news/press-release/2026/08/19/world-bank-group-appoints-juan-carlos-alvarez-as-country-manager-for-trinidad-and-tobago","lnchdt":"2026-08-19T09:03:20Z","regionname":"Latin America and Caribbean","wcmsource":"cq5","conttype":"Press Release","content":{"cdata!":" Juan Carlos Alvarez has been appointed World Bank Group Country Manager for Trinidad and Tobago, unifying country-level leadership across the institution to enhance the institution’s development impact insupport of job creation and Trinidad and Tobago’s public and private sector priorities. Mr. Alvarez will lead World Bank Group institutions in Trinidad and Tobago, including: The International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). In this capacity, he will promote a more integrated agenda to mobilize financing, knowledge, and private investment. Mostly recently, Mr. Alvarez served as World Bank Country Manager for Angola and São Tomé and Príncipe where he led World Bank’s engagements with both countries. Since joining the World Bank Group in 2000, Mr. Alvarez has worked as Legal Counsel across regions, including roles in Latin America and the Caribbean and South Asia, advising Country Management Units on legal, operational, and policy matters. Mr. Alvarez holds a Juris Doctor (JD) from the Universidad Autónoma de Centro América (UACA) in Costa Rica and a Master of Laws (LL.M.) in International Law from the Washington College of Law at American University in Washington, D.C. Learn more about the World Bank in Latin America and the Caribbean: https://www.worldbank.org/en/country/caribbean Facebook: https://www.facebook.com/worldbankcaribbean  "},"content_1000":{"cdata!":" Juan Carlos Alvarez has been appointed World Bank Group Country Manager for Trinidad and Tobago, unifying country-level leadership across the institution to enhance the institution’s development impact insupport of job creation and Trinidad and Tobago’s public and private sector priorities. Mr. Alvarez will lead World Bank Group institutions in Trinidad and Tobago, including: The International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). In this capacity, he will promote a more integrated agenda to mobilize financing, knowledge, and private investment. Mostly recently, Mr. Alvarez served as World Bank Country Manager for Angola and São Tomé and Príncipe where he led World Bank’s engagements with both countries. Since joining the World Bank Group in 2000, Mr. Alvarez has worked as Legal Counsel across regions, including roles in Latin America and the Caribbean and South Asia, a"},"displayconttype":"Press Release","originating_unit":"Latin America & Caribbean, LCR"},"YTdmZjRhZjI1ZTVjYjNhOGUzZjI2ZTExZDg1OTFlZWRhMzY2MTcwOA2":{"id":"YTdmZjRhZjI1ZTVjYjNhOGUzZjI2ZTExZDg1OTFlZWRhMzY2MTcwOA2","url":"http://www.worldbank.org/en/news/press-release/2026/08/03/christian-gonz-lez-amador-appointed-world-bank-group-country-manager-for-ecuador","count":"Ecuador","descr":{"cdata!":"Christian González Amador is appointed World Bank Group Country Manager for Ecuador, strengthening integrated support for public and private sector development."},"keywd":"country:Ecuador,regions:Latin America and Caribbean","lang":"English","admreg":"Latin America and Caribbean","title":{"cdata!":"Christian González Amador Appointed World Bank Group Country Manager for Ecuador"},"cqpath":"/content/wb-home/en/news/press-release/2026/08/03/christian-gonz-lez-amador-appointed-world-bank-group-country-manager-for-ecuador","lnchdt":"2026-08-03T10:50:51Z","regionname":"Latin America and Caribbean","wcmsource":"cq5","country":"Ecuador","countcode":"EC","conttype":"Press Release","content":{"cdata!":" QUITO, August 3, 2026 – Christian González Amador today assumes the role of World Bank Group (WBG) Country Manager for Ecuador, a position that brings together the institution’s leadership in the country and strengthens an integrated vision for the support the World Bank Group can provide to both the public and private sectors to foster growth and job creation. As Country Manager, González Amador will lead the representation of the World Bank Group’s principal institutions in Ecuador: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). In this capacity, he will promote a more integrated agenda to mobilize financing, knowledge, and private investment. The World Bank Group’s active public sector portfolio in Ecuador currently comprises 11 projects with total commitments of US$3.22 billion. These operations support strategic priorities including job creation, fiscal management, social protection, infrastructure, education, disaster risk management, rural development, and social inclusion. In the private sector, the World Bank Group maintains an active committed exposure of US$546 million in Ecuador, primarily focused on the financial sector and complemented by investments in productive industries and services. A Mexican national, González Amador joined the World Bank in 1999 and brings more than two decades of experience in macroeconomic and development issues. Before assuming his current role, he served as Senior Economist for Ecuador, where he led the strategic dialogue with the Government and oversaw the preparation of the Country Economic Memorandum (CEM), Resilient Growth for a Better Future, and the Country Climate and Development Report (CCDR). He also played a key role in financing operations supporting the country’s development priorities. González Amador holds a Ph.D. in Economics and two master’s degrees from Georgetown University, as well as a degree in Mechanical and Administrative Engineering from the Monterrey Institute of Technology and Higher Education (ITESM)."},"content_1000":{"cdata!":" QUITO, August 3, 2026 – Christian González Amador today assumes the role of World Bank Group (WBG) Country Manager for Ecuador, a position that brings together the institution’s leadership in the country and strengthens an integrated vision for the support the World Bank Group can provide to both the public and private sectors to foster growth and job creation. As Country Manager, González Amador will lead the representation of the World Bank Group’s principal institutions in Ecuador: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). In this capacity, he will promote a more integrated agenda to mobilize financing, knowledge, and private investment. The World Bank Group’s active public sector portfolio in Ecuador currently comprises 11 projects with total commitments of US$3.22 billion. These operations support strategic priorities including job creation, fiscal managem"},"displayconttype":"Press Release","originating_unit":"Latin America & Caribbean, LCR","funding_source":"IBRD"},"MmYwMTFlY2M2YWNhMjFkN2QzZWM5OTFjNjNhZjNjNjNhNTI2YzZiMA2":{"id":"MmYwMTFlY2M2YWNhMjFkN2QzZWM5OTFjNjNhZjNjNjNhNTI2YzZiMA2","url":"http://www.worldbank.org/en/news/press-release/2026/07/16/world-bank-group-backs-business-reform-jobs-in-s-o-paulo-brazil","count":"Brazil","descr":{"cdata!":"The World Bank Group will support the state of São Paulo’s efforts to cut red tape for businesses, connect more workers to quality jobs, and expand economic opportunity for its citizens, through a new project. This $970 million initiative supports the State Government's Plano São Paulo na Direção Certa (São Paulo in the Right Direction Plan) to address structural barriers through a coordinated package of policy reforms."},"keywd":"country:Brazil","lang":"English","title":{"cdata!":"World Bank Group Backs Business Environment Reform and Inclusive Jobs in the state of São Paulo, Brazil"},"cqpath":"/content/wb-home/en/news/press-release/2026/07/16/world-bank-group-backs-business-reform-jobs-in-s-o-paulo-brazil","lnchdt":"2026-07-16T18:02:00Z","wcmsource":"cq5","country":"Brazil","countcode":"BR","conttype":"Press Release","content":{"cdata!":" WASHINGTON, D.C., July 16, 2026 — The World Bank Group will support the state of São Paulo’s efforts to cut red tape for businesses, connect more workers to quality jobs, and expand economic opportunity for its citizens, through a new project. This $970 million initiative supports the State Government's Plano São Paulo na Direção Certa (São Paulo in the Right Direction Plan) to address structural barriers through a coordinated package of policy reforms. On the jobs side, the project helps create a state-wide job training and matching platform — the Trampolim platform — expected to reach 80,000 service users, strengthening connections between workers and employers across the state, including in smaller municipalities where labor intermediation has been weakest.  It also supports the SuperAção SP Program, which integrates social support with skills development, charting a clear pathway from social assistance to productive, formal employment for São Paulo's most vulnerable residents. On the business environment side, the operation supports reforms to unify business registration, licensing, and legalization processes; centralize tax collection through standardized systems; and strengthen the governance framework for Public-Private Partnerships and concessions in transportation, energy, water, and sanitation. These reforms are expected to improve the business environment of the state, making it more attractive for new investment and entrepreneurship, and firms' growth and expansion. Greater transparency in regulatory frameworks and the mandatory public disclosure of tax benefits will level the playing field for firms of all sizes. The operation also establishes the Selo Investimento Verde — a Green Investment Seal — to channel private capital toward sustainability-aligned sectors and expand formal employment opportunities in emerging green industries. \"This operation reflects a clear-eyed understanding that a strong business environment and an inclusive labor market go hand in hand. When firms can invest with confidence and workers can access good jobs, everyone benefits,\" says Cécile Fruman, World Bank Country Director for Brazil. The project is part of a broader World Bank Group effort to support inclusive growth in Brazil. The reforms it supports are expected to generate lasting benefits for workers, firms, and communities across São Paulo."},"content_1000":{"cdata!":" WASHINGTON, D.C., July 16, 2026 — The World Bank Group will support the state of São Paulo’s efforts to cut red tape for businesses, connect more workers to quality jobs, and expand economic opportunity for its citizens, through a new project. This $970 million initiative supports the State Government's Plano São Paulo na Direção Certa (São Paulo in the Right Direction Plan) to address structural barriers through a coordinated package of policy reforms. On the jobs side, the project helps create a state-wide job training and matching platform — the Trampolim platform — expected to reach 80,000 service users, strengthening connections between workers and employers across the state, including in smaller municipalities where labor intermediation has been weakest.  It also supports the SuperAção SP Program, which integrates social support with skills development, charting a clear pathway from social assistance to productive, formal employment for São Paulo's most vulne"},"displayconttype":"Press Release","originating_unit":"External and Corporate Relations - Corporate Communications, ECRCC"},"ZjJmZTUzZmI5ZDJkMjM2NTU0MDNlODI2MzM0MzY1ZTkwNzQ5ZWUzYw2":{"id":"ZjJmZTUzZmI5ZDJkMjM2NTU0MDNlODI2MzM0MzY1ZTkwNzQ5ZWUzYw2","url":"http://www.worldbank.org/en/news/press-release/2026/07/16/south-africa-world-bank-group-support-to-boost-infrastructure-modernization-and-create-nearly-600-000-jobs","count":"South Africa","descr":{"cdata!":"South Africa’s efforts to modernize critical infrastructure and unlock job creation by tackling long-standing bottlenecks in electricity, freight transport, and water and sanitation services, got a boost with support from the World Bank Group."},"keywd":"country:South Africa,regions:Africa,subject:jobs and development","lang":"English","admreg":"Africa","title":{"cdata!":"South Africa: World Bank Group Support to Boost Infrastructure Modernization and Create Nearly 600,000 Jobs"},"topic":"Jobs And Development","cqpath":"/content/wb-home/en/news/press-release/2026/07/16/south-africa-world-bank-group-support-to-boost-infrastructure-modernization-and-create-nearly-600-000-jobs","lnchdt":"2026-07-16T16:22:29Z","regionname":"Africa","wcmsource":"cq5","country":"South Africa","countcode":"ZA","conttype":"Press Release","content":{"cdata!":" WASHINGTON, JULY 16, 2026 — South Africa’s efforts to modernize critical infrastructure and unlock job creation by tackling long-standing bottlenecks in electricity, freight transport, and water and sanitation services, got a boost with support from the World Bank Group. The new financing is expected to help create almost 600,000 new direct and indirect jobs by 2032, according to World Bank Group economic modeling of how the reforms ripple through the broader economy. The $1.5 billion International Bank for Reconstruction and Development (IBRD) loan is the fourth in a series of stand-alone Development Policy Loans to South Africa since 2022. The operation builds on reforms that are already showing results: load shedding has been virtually eliminated for a year and a half, private investment in renewable energy has increased sixfold, and rail and port freight volumes have risen by more than 50% since 2023. It is the first of these stand-alone operations to extend support to water and sanitation, alongside continued reforms in electricity and freight transport. Key reforms supported by the operation include the launch of a competitive wholesale electricity market and scaled-up private investment in transmission, with a target of 300,000 new household electricity connections by December 2027. In freight transport, the program supports competition among private rail operators and the country's first-ever port terminal concession in Durban. In water and sanitation, it strengthens regulatory oversight, opens the door to private water service providers, and gives the newly established National Water Resources Infrastructure Agency greater autonomy to invest in bulk water infrastructure. Most of the nearly 600,000 projected direct and indirect jobs will come from the reforms in the electricity and transport sectors which together are expected to support around 280,000 jobs by 2027, rising to over 560,000 by 2032. Policy reforms will improve management efficiency and scale up private investment in rail, ports, and energy infrastructure, lowering business costs and supporting additional investment and employment in other sectors. Water and sanitation reforms are not expected to directly create large numbers of jobs, as major users like agriculture and mining already rely on alternative sources, but they are projected to bring concrete improvements for millions of households, including less time spent collecting water, lower health risks, and better access for the poorest female-headed households. \"This program reflects our government's determination to remove the infrastructure constraints that have held back growth and job creation for too long,\" said Enoch Godongwana, South Africa's Minister of Finance. \"Working with the World Bank Group, we are deepening reforms already delivering results in energy and transport, while for the first time tackling the governance and investment gaps in our water sector that affect millions of households, particularly the poorest.\" \"South Africa has shown that sustained reform can turn around even deep-seated infrastructure crises,\" said Satu Kahkonen, World Bank Group Division Director for South Africa. \"By extending this support to water and sanitation for the first time, we are helping ensure the benefits of reform reach every household, while these efforts together are expected to help create almost 600,000 jobs and attract much-needed private investment.\" The operation was prepared in coordination with development partners active in South Africa's infrastructure sector, including Germany, Japan, the OPEC Fund, and the African Development Bank."},"content_1000":{"cdata!":" WASHINGTON, JULY 16, 2026 — South Africa’s efforts to modernize critical infrastructure and unlock job creation by tackling long-standing bottlenecks in electricity, freight transport, and water and sanitation services, got a boost with support from the World Bank Group. The new financing is expected to help create almost 600,000 new direct and indirect jobs by 2032, according to World Bank Group economic modeling of how the reforms ripple through the broader economy. The $1.5 billion International Bank for Reconstruction and Development (IBRD) loan is the fourth in a series of stand-alone Development Policy Loans to South Africa since 2022. The operation builds on reforms that are already showing results: load shedding has been virtually eliminated for a year and a half, private investment in renewable energy has increased sixfold, and rail and port freight volumes have risen by more than 50% since 2023. It is the first of these stand-alone operations to extend support to water and s"},"displayconttype":"Press Release","originating_unit":"Africa, AFR","funding_source":"IBRD"},"NTlkODY2ZmQwNjRiNTNhZjAxYWFlMDQ2ZGZlODNhNDRlYzdhMzFlMA2":{"id":"NTlkODY2ZmQwNjRiNTNhZjAxYWFlMDQ2ZGZlODNhNDRlYzdhMzFlMA2","url":"http://www.worldbank.org/en/news/press-release/2026/07/16/world-bank-kicks-off-fiscal-year-2027-usd-funding-with-usd-1-5-billion-7-year-sofr-index-linked-bond","descr":{"cdata!":"World Bank Kicks Off Fiscal Year 2027 USD Funding with USD 1.5 billion 7-year SOFR Index Linked Bond"},"keywd":"organization:Treasury,subject:capital markets,organization:International Bank for Reconstruction and Development (IBRD)","lang":"English","title":{"cdata!":"World Bank Kicks Off Fiscal Year 2027 USD Funding with USD 1.5 billion 7-year SOFR Index Linked Bond"},"topic":"Capital Markets","unit":"Treasury,International Bank for Reconstruction and Development (IBRD)","cqpath":"/content/wb-home/en/news/press-release/2026/07/16/world-bank-kicks-off-fiscal-year-2027-usd-funding-with-usd-1-5-billion-7-year-sofr-index-linked-bond","lnchdt":"2026-07-16T16:11:54Z","wcmsource":"cq5","conttype":"Press Release","content":{"cdata!":" WASHINGTON, D.C., July 16, 2026 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 1.5 billion Sustainable Development Bond linked to the Secured Overnight Financing Rate (SOFR Index), maturing on July 27, 2033. The transaction attracted 70 orders with an order book of over USD 3.5 billion from a diverse set of investors seeking a high credit quality investment while supporting sustainable development. The 7-year SOFR-index linked note pays a coupon of Compounded SOFR +38 basis points (bps). BofA Securities, National Bank of Canada Financial Inc, Scotiabank, and TD Securities are the lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange. \"The strong investor response to this SOFR benchmark is a great start to the World Bank’s US dollar benchmark issuance for the fiscal year,\" said Jorge Familiar, Vice President and Treasurer, World Bank Group. \"The broad investor demand for this floating rate benchmark reflects their recognition of the World Bank Group's mission to drive sustainable development, while also offering them a broad range of opportunities at multiple points along the yield curve.\" Investor Breakdown by Type Banks/Bank Treasuries/Corporates 90% Asset Managers/Insurance/Pension Funds 6% Central Banks/Official Institutions 4% Investor Breakdown by Geography Americas 34% Europe/Middle East/Africa 40% Asia 26% Lead Manager Quotes “Congratulations to the World Bank team on another successful Floating Rate Note (FRN) outing. The World Bank's regular and diverse issuance across such an extensive maturity spectrum has established its name as a key benchmark for both investors and issuing peers. BofA was delighted to be part of this transaction that attracted such high-quality demand,” said Adrien de Naurois, Co-head of EMEA DCM, BofA Securities, Merrill Lynch International. “Congratulations to the World Bank on the successful execution of its most recent USD 7-year SOFR-linked FRN, which attracted strong international demand. The World Bank continues to be a market leader, and the transaction was well received by investors seeking assets with sustainable development positive impact. The NBF team was thrilled to partner with the World Bank on this exceptional transaction,” said Scott Graham, Managing Director & Head, International Government Finance, NBC Paris.“Scotiabank congratulates the World Bank on the successful execution of its USD 1.5 billion 7-year SOFR-Linked FRN, the first benchmark USD transaction of its new fiscal year. The high-quality, globally diversified orderbook underscores the World Bank’s exceptional credit strength and the strong support that it has from investors worldwide. We were pleased to support this important transaction,” said Gary Israel, Managing Director, Sovereign, Supranational, and Agency (SSA) Debt Capital Markets (DCM), Scotiabank. “The World Bank has once again demonstrated its ability to execute successfully in a unique segment of the SOFR curve. Achieving this level of demand and pricing performance is a significant accomplishment, and TD is pleased to have joint led the transaction,” said Paul Eustace, Global Head of SSAs, TD Securities. Transaction Summary Issuer: World Bank (International Bank for Reconstruction and Development) Issuer rating: Aaa / AAA (Moody’s/S&P) Amount: USD 1,500,000,000 Settlement date: July 27, 2026 Maturity date: July 27, 2033 Coupon: Compounded SOFR + 38 bps Coupon payment dates: January 27, April 27, July 27 and October 27 in each year Issue Price: 100.00% Denomination: USD 1,000 ISIN: US459058MB69 Clearing systems: Fedwire, Euroclear, Clearstream Listing Luxembourg Stock Exchange Joint lead managers: BofA Securities, National Bank Canada Financial Inc, Scotiabank, and TD Securities Co-lead manager: Castle Oak Securities About the World BankThe World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization. Created in 1944, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 nations. The World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and other creditworthy countries in line with its mission to end extreme poverty and boost promote shared prosperity on a livable planet. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing bonds in the international capital markets for over 75 years to fund programs and activities that achieve a positive impact. World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association. More information about World Bank Sustainable Development Bonds is available on the World Bank investor website and also in the World Bank’s Sustainable Development Bond Framework and Impact Report. Disclaimers This press release is not an offer for sale of securities of the International Bank for Reconstruction and Development (\"IBRD\"), also known in the capital markets as \"World Bank\". Any offering of World Bank securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by the World Bank or on behalf of the World Bank, and is subject to restrictions under the laws of several countries. World Bank securities may not be offered or sold except in compliance with all such laws. The World Bank investor website, the World Bank Sustainable Development Bond Framework, the World Bank Impact Report, and the information set forth therein are not a part of, or incorporated by reference into, the offering documentation. Net proceeds of the securities described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs. Payments on the securities described herein are not funded by any project or program. Contact Investor Relations, Ratings, and Sustainable Finance, World Bank Group Treasurydebtsecurities@worldbank.org  "},"content_1000":{"cdata!":" WASHINGTON, D.C., July 16, 2026 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 1.5 billion Sustainable Development Bond linked to the Secured Overnight Financing Rate (SOFR Index), maturing on July 27, 2033. The transaction attracted 70 orders with an order book of over USD 3.5 billion from a diverse set of investors seeking a high credit quality investment while supporting sustainable development. The 7-year SOFR-index linked note pays a coupon of Compounded SOFR +38 basis points (bps). BofA Securities, National Bank of Canada Financial Inc, Scotiabank, and TD Securities are the lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange. \"The strong investor response to this SOFR benchmark is a great start to the World Bank’s US dollar benchmark issuance for the fiscal year,\" said Jorge Familiar, Vice President and Treasurer, World Bank Group. \"The broad investor demand for this floating rate"},"displayconttype":"Press Release","originating_unit":"Treasury, TRE"},"Y2IzYmYwYjBhOTdjZTY3NGZiOGJmZjM0YmJmZTBiMGJkZDQ3ODAwNA2":{"id":"Y2IzYmYwYjBhOTdjZTY3NGZiOGJmZjM0YmJmZTBiMGJkZDQ3ODAwNA2","url":"http://www.worldbank.org/en/news/press-release/2026/07/15/world-bank-group-and-isda-join-forces-to-strengthen-derivatives-markets-in-developing-economies","descr":{"cdata!":"The World Bank Group institutions (IBRD, IDA and IFC) and the International Swaps and Derivatives Association, Inc. (ISDA) today signed a Memorandum of Understanding (MoU) to deepen cooperation in improving access to international derivatives markets as part of efforts to strengthen domestic capital markets across emerging markets and developing economies."},"lang":"English","title":{"cdata!":"World Bank Group and ISDA Join Forces to Strengthen Derivatives Markets in Developing Economies"},"cqpath":"/content/wb-home/en/news/press-release/2026/07/15/world-bank-group-and-isda-join-forces-to-strengthen-derivatives-markets-in-developing-economies","lnchdt":"2026-07-15T10:45:52Z","wcmsource":"cq5","conttype":"Press Release","content":{"cdata!":" WASHINGTON, D.C., July 15th, 2026 – The World Bank Group institutions (IBRD, IDA and IFC) and the International Swaps and Derivatives Association, Inc. (ISDA) today signed a Memorandum of Understanding (MoU) to deepen cooperation in improving access to international derivatives markets as part of efforts to strengthen domestic capital markets across emerging markets and developing economies. The memorandum formalizes a shared focus on helping developing countries build the financial infrastructure needed to manage risk, attract investment, and finance sustainable growth. Well-functioning derivatives markets are essential for developing countries to hedge against currency and interest rate risks, access local currency financing, and integrate more effectively into global capital markets. Derivative markets enable the private sector to mitigate against price volatility in supply chains by locking in prices, enhancing business confidence and supporting job creation. Many emerging markets currently lack the legal, regulatory, and institutional foundations including close-out netting frameworks and standardized documentation that make these markets viable. A 2023 ISDA survey found 19 out of 44 surveyed emerging and developing economies have restrictions in place limiting the types of participants allowed to use derivatives. The MoU between ISDA and the World Bank Group institutions aims to help close that gap. The World Bank Group and ISDA will collaborate on policy dialogue, research and capacity building, including workshops, seminars, and training programs on derivatives, risk management, and standard ISDA documentation. The MoU also includes joint research and market analyses; and a commitment to engage with public sector stakeholders on legal and regulatory reform. “When countries have access to efficient derivatives markets, they can better manage the risks that come with borrowing, investing, and planning for the future,” said Jorge Familiar, Vice President and Treasurer of the World Bank Group. \"Working with ISDA brings global expertise and standards to the places where they are needed most.” \"Derivatives markets play a critical role in enabling firms to manage risk, supporting local currency financing. But robust derivatives markets require strong legal, regulatory and infrastructure foundations to be in place. Through this MoU, ISDA and the World Bank Group can help more countries build those foundations, deepen local capital markets and realize the benefits that effective risk management can bring to financial stability and economic development,” said Scott O'Malia, Chief Executive Officer of ISDA. The MoU reinforces the World Bank Group's long-standing role as a leader in capital markets development and financial risk management for its member countries. The parties will meet periodically to coordinate activities and advance shared objectives under the MoU.   About the World Bank Group: The World Bank Group works to create a world free of poverty on a livable planet through a combination of financing, knowledge, and expertise. It consists of the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). For more information, please visit www.worldbank.org, ida.worldbank.org/en/home, www.miga.org, www.ifc.org, and www.icsid.worldbank.org. About ISDA Since 1985, ISDA has worked to make the global derivatives markets safer and more efficient. Today, ISDA has over 1,000 member institutions from 79 countries. These members comprise a broad range of derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure, such as exchanges, intermediaries, clearing houses and repositories, as well as law firms, accounting firms and other service providers. Information about ISDA and its activities is available on the Association's website: www.isda.org. Follow us on LinkedIn and YouTube. Contacts: World Bank Group Media Relations: (202) 473-7660, press@worldbank.org ISDA Contacts: Christopher Faimali, +44 20 3808 9736, cfaimali@isda.org    "},"content_1000":{"cdata!":" WASHINGTON, D.C., July 15th, 2026 – The World Bank Group institutions (IBRD, IDA and IFC) and the International Swaps and Derivatives Association, Inc. (ISDA) today signed a Memorandum of Understanding (MoU) to deepen cooperation in improving access to international derivatives markets as part of efforts to strengthen domestic capital markets across emerging markets and developing economies. The memorandum formalizes a shared focus on helping developing countries build the financial infrastructure needed to manage risk, attract investment, and finance sustainable growth. Well-functioning derivatives markets are essential for developing countries to hedge against currency and interest rate risks, access local currency financing, and integrate more effectively into global capital markets. Derivative markets enable the private sector to mitigate against price volatility in supply chains by locking in prices, enhancing business confidence and supporting job creation. Many emerging markets"},"displayconttype":"Press Release","originating_unit":"Treasury, TRE"},"YjA5MDY5OTA3NmUzNTM1NTFlMGRjMmY3N2E2NDA3NjNiMjczOTE2Yw2":{"id":"YjA5MDY5OTA3NmUzNTM1NTFlMGRjMmY3N2E2NDA3NjNiMjczOTE2Yw2","url":"http://www.worldbank.org/en/news/press-release/2026/07/15/burkina-faso-new-world-bank-financing-to-expand-economic-opportunities-and-strengthen-social-protection-systems","count":"Burkina Faso","descr":{"cdata!":"The World Bank approved today a new project in Burkina Faso to expand economic opportunities for vulnerable populations, foster social cohesion, and strengthen the country’s social protection system. This marks a renewed partnership between the World Bank Group and the Government of Burkina Faso in the social protection sector. The project will be implemented over five years and financed through an International Development Association (IDA) credit of $100 million and a $20 million grant from the Sahel Adaptive Social Protection Program."},"keywd":"subject:social safeguards,subject:social inclusion,subject:social protection and growth,country:Burkina Faso,regions:Africa","lang":"English","admreg":"Africa","title":{"cdata!":"Burkina Faso: New World Bank Financing to Expand Economic Opportunities and Strengthen Social Protection Systems"},"topic":"Social Safeguards,Social Inclusion,Social Protection And Growth","cqpath":"/content/wb-home/en/news/press-release/2026/07/15/burkina-faso-new-world-bank-financing-to-expand-economic-opportunities-and-strengthen-social-protection-systems","lnchdt":"2026-07-15T10:11:34Z","regionname":"Africa","wcmsource":"cq5","country":"Burkina Faso","countcode":"BF","conttype":"Press Release","content":{"cdata!":" WASHINGTON June 15, 2026 - The World Bank approved today a new project in Burkina Faso to expand economic opportunities for vulnerable populations, foster social cohesion, and strengthen the country’s social protection system. This marks a renewed partnership between the World Bank Group and the Government of Burkina Faso in the social protection sector. The project will be implemented over five years and financed through an International Development Association (IDA) credit of $100 million and a $20 million grant from the Sahel Adaptive Social Protection Program. The new operation builds on the strong results of the Burkina Naong Sa Ya (“Ending Poverty”) Social Safety Nets Project, implemented from 2014 to 2024, which reached more than one million beneficiaries with social assistance and helped establish a national social registry of vulnerable households, providing a critical platform for the expansion and targeting of social protection programs across the country. The Burkina Faso Economic Opportunities for Resilience Project will support the implementation of the National Social Protection Strategy (2024-2028) and a new national flagship social assistance program: the Economic Empowerment Support Program for Poor and Vulnerable Households. Targeting 120,000 beneficiaries, the operation will expand access to economic opportunities for vulnerable households, including internally displaced persons and returnees; promote investments in skills development, food security, nutrition, and health—the building blocks for productive and better jobs; strengthen women’s economic empowerment; and enhance households’ resilience to climate-related and other shocks. The project will also focus on making the national social protection system more adaptive, effective, and better coordinated by enhancing programs, information and data, and institutional capacity to maximize the outcomes of interventions. It will support the expanded coverage and use of the social registry; promote its integration with other key databases—including those for internally displaced persons and health insurance—to ensure accurate, efficient, and inclusive identification of beneficiaries. “The project illustrates our continued commitment to support the government’s effort to achieve more harmonized approach to social protection. Also, it fully aligns with our new country partnership framework for Burkina Faso, which aims to promote sustained development, with a strong focus on creating more and better jobs,” said Hamoud Abdel Wedoud Kamil, World Bank Country Manager for Burkina Faso. “The package of interventions are both productive and protective. They will help people access food, education, and health services to protect and build human capital, and also access productive assets and financial services, all of which can transform people's lives in the medium and long terms,” added Trina Haque, World Bank Regional Practice Director for Western and Central Africa."},"content_1000":{"cdata!":" WASHINGTON June 15, 2026 - The World Bank approved today a new project in Burkina Faso to expand economic opportunities for vulnerable populations, foster social cohesion, and strengthen the country’s social protection system. This marks a renewed partnership between the World Bank Group and the Government of Burkina Faso in the social protection sector. The project will be implemented over five years and financed through an International Development Association (IDA) credit of $100 million and a $20 million grant from the Sahel Adaptive Social Protection Program. The new operation builds on the strong results of the Burkina Naong Sa Ya (“Ending Poverty”) Social Safety Nets Project, implemented from 2014 to 2024, which reached more than one million beneficiaries with social assistance and helped establish a national social registry of vulnerable households, providing a critical platform for the expansion and targeting of social protection programs across the country. The Burkina "},"displayconttype":"Press Release","originating_unit":"Africa, AFR","funding_source":"IDA"},"MTIwYzIzNGNkNTU0OGVlY2VjMTcwZTI0MjdkZjlmZDU2YWM5N2ZmNg2":{"id":"MTIwYzIzNGNkNTU0OGVlY2VjMTcwZTI0MjdkZjlmZDU2YWM5N2ZmNg2","url":"http://www.worldbank.org/en/news/press-release/2026/07/15/world-bank-approves-140-million-to-improve-road-connectivity-in-senegal-s-northern-and-central-agricultural-areas","count":"Senegal","descr":{"cdata!":"The World Bank today approved a second additional financing of EUR 119.6 million, equivalent to $140 million, for the Republic of Senegal under the Enhancing Connectivity in the Northern and Central Agricultural Production Areas of Senegal Project. Mobilized through the International Development Association and complemented by a $2 million contribution from the Government of Senegal, this support brings the project’s total investment to $470.8 million, directly benefiting about 570,000 people."},"keywd":"subject:transport,subject:trade,country:Senegal,regions:Africa,subject:agriculture and food security,subject:rural development","lang":"English","admreg":"Africa","title":{"cdata!":"World Bank Approves $140 Million to Improve Road Connectivity in Senegal’s Northern and Central Agricultural Areas"},"topic":"Transport,Trade,Agriculture And Food Security,Rural Development","proid":"P176419","cqpath":"/content/wb-home/en/news/press-release/2026/07/15/world-bank-approves-140-million-to-improve-road-connectivity-in-senegal-s-northern-and-central-agricultural-areas","lnchdt":"2026-07-14T10:54:00Z","regionname":"Africa","wcmsource":"cq5","country":"Senegal","countcode":"SN","conttype":"Press Release","content":{"cdata!":"The additional financing will help connect rural communities to markets, essential services, and economic opportunities  WASHINGTON, July 14, 2026 - The World Bank today approved a second additional financing of EUR 119.6 million, equivalent to $140 million, for the Republic of Senegal under the Enhancing Connectivity in the Northern and Central Agricultural Production Areas of Senegal Project. Mobilized through the International Development Association and complemented by a $2 million contribution from the Government of Senegal, this support brings the project’s total investment to $470.8 million, directly benefiting about 570,000 people. This financing consolidates the project’s achievements to date, including the construction and upgrading of 414 kilometers of roads with enhanced resilience features and improved access to socioeconomic services for 350,000 people. It will extend these results to two key economic corridors linking Koussanar to Koumpentoum and Tambacounda to Dianké Makha, where agriculture and livestock are the main sources of activity. By facilitating access to production areas, markets, and community infrastructure, the project is expected to foster new job and income opportunities, particularly for youth, women entrepreneurs, and actors in agricultural value chains. Aligned with Senegal Vision 2050 and the National Development Strategy 2025–2029, it supports more inclusive, resilient, and job-creating territorial growth. “When a road connects an agricultural production area to an urban market, it does more than shorten a journey: it helps farmers get more value from their harvests, women entrepreneurs reach new markets, and communities access greater economic opportunities. It also improves access to schools, health centers, and other essential services, thereby accelerating the human development of the communities it serves. This is the momentum that this financing aims to support,” said Djibrilla Issa, World Bank Division Director for Senegal, Mauritania, Cabo Verde, Guinea-Bissau, and The Gambia. The project is structured around three areas. The first focuses on the construction of 171 kilometers of paved roads and 104 kilometers of laterite tracks, with integrated climate-resilience features. The second will finance community infrastructure within five kilometers of the roads constructed, including agricultural processing platforms for women, storage facilities, market areas, water points, and school and health facilities. The third is dedicated to strengthening the institutional capacity of stakeholders in road safety and road asset management through training and the acquisition of management and control tools that meet international standards. By connecting about 221,000 people along the two new corridors to regional markets and essential services, this second additional financing will help strengthen local economic dynamics and facilitate the integration of rural producers into more efficient value chains, in line with the AgriConnect initiative. Implementation is entrusted to the Road Works and Management Agency, under the supervision of the Ministry of Infrastructure."},"content_1000":{"cdata!":"The additional financing will help connect rural communities to markets, essential services, and economic opportunities  WASHINGTON, July 14, 2026 - The World Bank today approved a second additional financing of EUR 119.6 million, equivalent to $140 million, for the Republic of Senegal under the Enhancing Connectivity in the Northern and Central Agricultural Production Areas of Senegal Project. Mobilized through the International Development Association and complemented by a $2 million contribution from the Government of Senegal, this support brings the project’s total investment to $470.8 million, directly benefiting about 570,000 people. This financing consolidates the project’s achievements to date, including the construction and upgrading of 414 kilometers of roads with enhanced resilience features and improved access to socioeconomic services for 350,000 people. It will extend these results to two key economic corridors linking Koussanar to Koumpentoum and Tambacounda to"},"displayconttype":"Press Release","originating_unit":"Africa, AFR","funding_source":"IDA"},"NmY0MDE4OTQwNmZlMDlkYmIzYzJlZDkyODQ5NGVhMWZmMTA2MWQ2Mg2":{"id":"NmY0MDE4OTQwNmZlMDlkYmIzYzJlZDkyODQ5NGVhMWZmMTA2MWQ2Mg2","url":"http://www.worldbank.org/en/news/press-release/2026/07/14/cabo-verde-economic-update-2026-connecting-islands-unlocking-potential","count":"Cabo Verde","descr":{"cdata!":"Cabo Verde’s economy maintained strong momentum in 2025, and real GDP expanded by 6.3%, driven by record tourism arrivals, stronger private consumption, and improved fiscal performance, according to the latest country Economic Update 2026, released today by the World Bank."},"keywd":"subject:economic growth analytics,subject:economic growth,subject:sustainable economic growth,subject:inclusive-growth,country:Cabo Verde,regions:Africa","lang":"English","admreg":"Africa","title":{"cdata!":"Cabo Verde Economic Update 2026: Connecting Islands, Unlocking Potential"},"topic":"Economic Growth Analytics,Economic Growth,Sustainable Economic Growth,Inclusive-growth","cqpath":"/content/wb-home/en/news/press-release/2026/07/14/cabo-verde-economic-update-2026-connecting-islands-unlocking-potential","lnchdt":"2026-07-14T09:50:00Z","regionname":"Africa","wcmsource":"cq5","country":"Cabo Verde","countcode":"CV","conttype":"Press Release","content":{"cdata!":" PRAIA, JULY 14, 2026 - Cabo Verde’s economy maintained strong momentum in 2025, and real GDP expanded by 6.3%, driven by record tourism arrivals, stronger private consumption, and improved fiscal performance, according to the latest country Economic Update 2026, released today by the World Bank. Despite these gains, the report warns that key vulnerabilities remain, including continued dependence on tourism, fiscal risks linked to state-owned enterprises (SOEs), and weak inter-island connectivity that constrains private sector growth and economic diversification. The report, titled Unpacking the Inter-Island Connectivity-Growth Nexus, examines Cabo Verde’s macroeconomic outlook, progress on poverty reduction, and the reforms needed to strengthen resilience and broaden the base of growth. It identifies inter-island connectivity as a critical constraint on productivity, market integration, and inclusive development across the archipelago. “Cabo Verde’s 2025 results show what is possible when macroeconomic discipline is matched by private-sector dynamism. The next step is to turn today’s tourism-led rebound into broader, more resilient growth by fixing the fundamentals that connect the archipelago — reliable, affordable inter-island transport. Improving connectivity will lower costs, integrate markets, and ensure that more Cabo Verdeans across all islands can benefit from growth”, said Indira Campos, World Bank Group Resident Representative for Cabo Verde. The report notes that inflation increased to 2.3% in 2025, while poverty declined from 53.8% to 51.2%. The labor market showed resilience as unemployment fell to 6.2%, though youth unemployment remains above 15%. International reserves reached a record EUR 975 million, equivalent to 7.1 months of prospective imports, while tax revenues rose by 16.8% year-on-year, contributing to the country’s first fiscal surplus since 2007. Public debt fell to 100.7% of GDP in 2025, continuing its downward trajectory, though debt service continues to absorb 34.2% of government revenues — a figure that would rise to 46.3% if SOE obligations were included. Growth is projected to moderate to 4.8% in 2026, reflecting spillovers from the conflict in the Middle East and emerging headwinds from global instability, before stabilizing at around 5.1% over the medium term. The report highlights unreliable and costly domestic air and maritime transport as a major obstacle to economic integration and tourism diversification. Weak connectivity raises costs for businesses and households, limits domestic value chains, and concentrates economic activity in Sal and Boa Vista. These constraints also limit the economy’s ability to translate growth into broader job opportunities, particularly for young people, women, and workers in islands that remain weakly connected to tourism and other growth sectors. To address these constraints, the report recommends strengthening regulation, modernizing transport concession frameworks, and expanding opportunities for private sector participation in air and maritime services. These reforms would improve the reliability, affordability and predictability of inter-island transport, reducing costs for firms and households while enabling businesses to reach new markets across the archipelago. By strengthening links between tourism, agriculture, fisheries, logistics, and local services, better connectivity can help unlock more diversified private sector activity and support the creation of more, better, and more inclusive jobs, particularly for women and young people outside the main tourism centers. The report also highlights the importance of stronger SOE governance to reduce fiscal risks, improve service delivery and create an enabling environment for private investment and sustainable job creation."},"content_1000":{"cdata!":" PRAIA, JULY 14, 2026 - Cabo Verde’s economy maintained strong momentum in 2025, and real GDP expanded by 6.3%, driven by record tourism arrivals, stronger private consumption, and improved fiscal performance, according to the latest country Economic Update 2026, released today by the World Bank. Despite these gains, the report warns that key vulnerabilities remain, including continued dependence on tourism, fiscal risks linked to state-owned enterprises (SOEs), and weak inter-island connectivity that constrains private sector growth and economic diversification. The report, titled Unpacking the Inter-Island Connectivity-Growth Nexus, examines Cabo Verde’s macroeconomic outlook, progress on poverty reduction, and the reforms needed to strengthen resilience and broaden the base of growth. It identifies inter-island connectivity as a critical constraint on productivity, market integration, and inclusive development across the archipelago. “Cabo Verde’s 2025 results show what is poss"},"displayconttype":"Press Release","originating_unit":"Africa, AFR"},"YWEyYzk1MmJiY2JjYzE3ZGFkZmE3YTBlNTk3ZDI5MjA5YTA1MGJkMQ2":{"id":"YWEyYzk1MmJiY2JjYzE3ZGFkZmE3YTBlNTk3ZDI5MjA5YTA1MGJkMQ2","url":"http://www.worldbank.org/en/news/press-release/2026/07/13/new-world-bank-group-support-for-thailand-to-scale-low-carbon-cities-and-carbon-markets","count":"Thailand","descr":{"cdata!":"The World Bank Group approved a new project to support Thailand in establishing a scalable platform that combines innovative financing with carbon market infrastructure to accelerate energy efficiency and renewable energy investments across the public sector, advancing the kind of smart development that lowers costs, mobilizes private capital, creates jobs, and strengthens energy security."},"keywd":"regions:East Asia and Pacific,country:Thailand,subject:renewable energy,subject:climate finance","lang":"English","admreg":"East Asia and Pacific","title":{"cdata!":"New World Bank Group Support for Thailand to Scale Low-Carbon Cities and Carbon Markets"},"topic":"Renewable Energy,Climate Finance","cqpath":"/content/wb-home/en/news/press-release/2026/07/13/new-world-bank-group-support-for-thailand-to-scale-low-carbon-cities-and-carbon-markets","lnchdt":"2026-07-13T11:31:27Z","regionname":"East Asia and Pacific","wcmsource":"cq5","country":"Thailand","countcode":"TH","conttype":"Press Release","content":{"cdata!":" WASHINGTON, July 13, 2026 – The World Bank Group approved a new project to support Thailand in establishing a scalable platform that combines innovative financing with carbon market infrastructure to accelerate energy efficiency and renewable energy investments across the public sector, advancing the kind of smart development that lowers costs, mobilizes private capital, creates jobs, and strengthens energy security. The US$200 million Low Carbon Cities and Carbon Market Development Project (LCC) will help public organizations upgrade buildings, equipment, and other assets without having to pay the full investment cost upfront. Private energy service companies will finance and deliver the improvements, while public organizations pay for the services over time. This approach will mobilize private investment and make it easier to implement energy-efficiency and renewable-energy projects across the public sector. The project is expected to support job creation in clean-energy installation, operations and maintenance, energy services, digital carbon monitoring, and verification activities and generate at least 1,800 job-years during implementation, with additional employment opportunities anticipated as the model is replicated across Thailand. “Thailand is building more than individual clean-energy projects—it is creating a system that can turn many small and fragmented investments into a pipeline that can be financed and expanded nationwide,” said Melinda Good, World Bank Division Director for Thailand and Myanmar. “By bringing together public agencies, financial institutions, private investors, and carbon markets, the project will make energy upgrades easier to finance and replicate, reduce public-sector energy costs, and create new opportunities for Thai businesses and investors.” Through the project, the Export-Import Bank of Thailand will provide financing to qualified energy service companies to implement investments for participating public organizations, beginning with the Bangkok Metropolitan Administration and the Industrial Estate Authority of Thailand. Krungthai Bank will aggregate carbon credits and connect them with carbon markets, improving market access and generating additional revenues that can support future investments. The project reflects the leadership of Thailand’s Public Debt Management Office and the Department of Climate Change and Environment, together with close collaboration across government and the financial sector. Key partners include the Bank of Thailand, the Securities and Exchange Commission, the Stock Exchange of Thailand, the Thailand Greenhouse Gas Management Organization, the Program Management Unit on Area Based Development, the Comptroller General’s Department, and the Bureau of the Budget. Their contributions helped establish the financing, regulatory, and carbon-market foundations needed for the platform. The project will support rooftop solar systems and energy-efficiency upgrades across public buildings and industrial estates, including schools, healthcare facilities, district offices, and streetlighting. These investments are expected to install up to 180 megawatts of renewable-energy capacity and deliver approximately 448 gigawatt-hours of electricity savings annually, reducing operating costs for participating public organizations. By lowering emissions and creating a standardized model that can be replicated across cities and government agencies, LCC will help translate Thailand’s national carbon-neutrality and net-zero ambitions into investable projects at the local level. As Thailand prepares to host the October 2026 IMF-World Bank Group Annual Meetings in Bangkok, the project represents a flagship example of the country's partnership with the World Bank Group to deliver innovative development solutions that combine public investment, private-sector mobilization, and carbon-market innovation—offering a scalable model for other emerging economies pursuing sustainable and resilient growth.  Visit our website: worldbank.org/thailandFollow us on Facebook and X: facebook.com/WorldBankThailand | x.com/WB_AsiaPacificSubscribe to our newsletter: Click here"},"content_1000":{"cdata!":" WASHINGTON, July 13, 2026 – The World Bank Group approved a new project to support Thailand in establishing a scalable platform that combines innovative financing with carbon market infrastructure to accelerate energy efficiency and renewable energy investments across the public sector, advancing the kind of smart development that lowers costs, mobilizes private capital, creates jobs, and strengthens energy security. The US$200 million Low Carbon Cities and Carbon Market Development Project (LCC) will help public organizations upgrade buildings, equipment, and other assets without having to pay the full investment cost upfront. Private energy service companies will finance and deliver the improvements, while public organizations pay for the services over time. This approach will mobilize private investment and make it easier to implement energy-efficiency and renewable-energy projects across the public sector. The project is expected to support job creation in clean-energy installatio"},"displayconttype":"Press Release","originating_unit":"East Asia and Pacific, EAP"},"MGExMTRjMjgxNGI2Zjg4YWZkODUyMzUyNGM0NDVjZGY1M2ZmODZmYg2":{"id":"MGExMTRjMjgxNGI2Zjg4YWZkODUyMzUyNGM0NDVjZGY1M2ZmODZmYg2","url":"http://www.worldbank.org/en/news/press-release/2026/07/10/peru-to-strengthen-the-arequipa-colca-tourism-corridor-and-promote-private-investment-and-job-creation-with-world-bank-s","count":"Peru","descr":{"cdata!":"World Bank supports Peru’s Arequipa–Colca corridor with a US$77.2 million project to boost sustainable tourism, attract investment, and create jobs."},"keywd":"country:Peru,regions:Latin America and Caribbean","lang":"English","admreg":"Latin America and Caribbean","title":{"cdata!":"Peru to Strengthen the Arequipa–Colca Tourism Corridor and Promote Private Investment and Job Creation with World Bank Support"},"proid":"P511489","cqpath":"/content/wb-home/en/news/press-release/2026/07/10/peru-to-strengthen-the-arequipa-colca-tourism-corridor-and-promote-private-investment-and-job-creation-with-world-bank-s","lnchdt":"2026-07-10T05:43:26Z","regionname":"Latin America and Caribbean","wcmsource":"cq5","country":"Peru","countcode":"PE","conttype":"Press Release","content":{"cdata!":"Moving beyond isolated infrastructure investments, the project uses market demand to focus on the tourism experiences with the greatest potential—cultural, nature, and adventure—and tailor investments to unlock new opportunities across the corridor. WASHINGTON, July 9, 2026 — The World Bank’s Board of Executive Directors today approved a new project to help Peru strengthen the Arequipa–Colca tourism corridor, improving tourism infrastructure and services, enhancing cultural and natural heritage sites, and promoting sustainable tourism-led growth in southern Peru. The program is expected to mobilize private investment, expand economic opportunities, and create quality jobs, particularly for women, youth and local communities.  The US$77.2 million project will support strategic investments in the Arequipa region across tourism, culture, transport, water and sanitation, health, environmental conservation, and destination management. Guided by market demand, these investments are tailored to unlock high-potential tourism segments and improve access to key attractions, enhance the visitor experience, and help position Arequipa–Colca as a leading destination for cultural, nature, and adventure tourism.  Tourism is one of Peru’s most job-intensive sectors and has significant potential to foster inclusive growth beyond traditional destinations. The project is expected to support the creation of thousands of direct and indirect jobs throughout the tourism value chain, benefiting local businesses, service providers, artisans, farmers, and communities across the corridor.   “This project represents a new approach to regional development in Peru, bringing together investments in tourism, roads, water and sanitation services, environmental sustainability, and destination management to strengthen the Arequipa–Colca corridor. By making the region more attractive to visitors and investors, it can help unlock private investment, create quality jobs and expand opportunities for communities in southern Peru,” said Ariel Yepez, World Bank Division Director for Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela.  This loan supports one of Peru’s first multisectoral investment programs and will be implemented by the Regional Government of Arequipa, with the technical support of the Ministry of Trade and Tourism. It provides a blueprint for other subnational development initiatives in the country and beyond that seeks to unlock the economic potential of specific regions and translate it into more opportunities for people and communities."},"content_1000":{"cdata!":"Moving beyond isolated infrastructure investments, the project uses market demand to focus on the tourism experiences with the greatest potential—cultural, nature, and adventure—and tailor investments to unlock new opportunities across the corridor. WASHINGTON, July 9, 2026 — The World Bank’s Board of Executive Directors today approved a new project to help Peru strengthen the Arequipa–Colca tourism corridor, improving tourism infrastructure and services, enhancing cultural and natural heritage sites, and promoting sustainable tourism-led growth in southern Peru. The program is expected to mobilize private investment, expand economic opportunities, and create quality jobs, particularly for women, youth and local communities.  The US$77.2 million project will support strategic investments in the Arequipa region across tourism, culture, transport, water and sanitation, health, environmental conservation, and destination management. Guided by market demand, these investments are tail"},"displayconttype":"Press Release","originating_unit":"Latin America & Caribbean, LCR","funding_source":"IBRD"},"ZDVmNmQwZWRiNDU0NjgyN2QwYzRmYmYxZmU3OWNhNTM1ODVjMTYyOA2":{"id":"ZDVmNmQwZWRiNDU0NjgyN2QwYzRmYmYxZmU3OWNhNTM1ODVjMTYyOA2","url":"http://www.worldbank.org/en/news/press-release/2026/07/09/world-bank-supports-india-s-solar-rooftop-program-to-boost-clean-energy-create-jobs-and-unlock-private-capital","count":"India","descr":{"cdata!":"The World Bank’s Board of Executive Directors today approved financing to accelerate India’s national program for solar rooftops to bring clean energy to millions of homes and create 1.7 million job opportunities across the renewable energy manufacturing, installation, and services value chain."},"keywd":"country:India,regions:South Asia,subject:renewable energy,subject:energy efficiency,subject:energy-access","lang":"English","admreg":"South Asia","title":{"cdata!":"World Bank Supports India’s Solar Rooftop Program to Boost Clean Energy, Create Jobs, and Unlock Private Capital"},"topic":"Renewable Energy,Energy Efficiency,Energy-access","cqpath":"/content/wb-home/en/news/press-release/2026/07/09/world-bank-supports-india-s-solar-rooftop-program-to-boost-clean-energy-create-jobs-and-unlock-private-capital","lnchdt":"2026-07-09T18:00:00Z","regionname":"South Asia","wcmsource":"cq5","country":"India","countcode":"IN","conttype":"Press Release","content":{"cdata!":" WASHINGTON, July 9, 2026—The World Bank’s Board of Executive Directors today approved financing to accelerate India’s national program for solar rooftops to bring clean energy to millions of homes and create 1.7 million job opportunities across the renewable energy manufacturing, installation, and services value chain. India has committed to achieving net zero by 2070 and increasing non-fossil-fuel-based energy resources to 60 percent of its electricity mix by 2035. While large-scale solar has grown rapidly, residential solar adoption has been limited. To unlock this potential, the Government of India established the PM Surya Ghar: Muft Bijli Yojana program to incentivize solar rooftop installation for 10 million rural and urban households nationwide, reduce household electricity costs, and encourage local manufacturing of solar rooftop equipment. “The World Bank has been supporting India’s solar rooftop sector for over a decade, mobilizing more than $2 billion to catalyze market growth from 500 MW to over 27 GW of installed capacity,” said Paul Proccee, World Bank Acting Country Director for India. “This new financing will help India scale up residential solar, while creating job opportunities across the supply chain and installation ecosystem.” The financing package for the program includes an $820 million loan from the International Bank for Reconstruction and Development (IBRD), a $60 million concessional loan from the Clean Technology Fund, and a $10 million grant from IBRD’s Livable Planet Fund. In addition, the World Bank will mobilize $4.2 billion in private financing in the form of commercial loans enabling them to install solar rooftops for households. “The program will transform the residential solar market by removing financial barriers and building the capacity of distribution companies, banks, and vendors to deliver integrated service solutions,” said Moez Cherif, Task Team Leader of the program. “Through collateral-free financing, households can install solar power and significantly reduce their monthly electricity bills.”"},"content_1000":{"cdata!":" WASHINGTON, July 9, 2026—The World Bank’s Board of Executive Directors today approved financing to accelerate India’s national program for solar rooftops to bring clean energy to millions of homes and create 1.7 million job opportunities across the renewable energy manufacturing, installation, and services value chain. India has committed to achieving net zero by 2070 and increasing non-fossil-fuel-based energy resources to 60 percent of its electricity mix by 2035. While large-scale solar has grown rapidly, residential solar adoption has been limited. To unlock this potential, the Government of India established the PM Surya Ghar: Muft Bijli Yojana program to incentivize solar rooftop installation for 10 million rural and urban households nationwide, reduce household electricity costs, and encourage local manufacturing of solar rooftop equipment. “The World Bank has been supporting India’s solar rooftop sector for over a decade, mobilizing more than $2 billion to catalyze market grow"},"displayconttype":"Press Release","originating_unit":"South Asia, SAR","funding_source":"IBRD"},"YzM4MTJmZDUxYjYzMDNlMTNmM2YwNTQ2MWE5MWY5ZjljMThkNzhiZQ2":{"id":"YzM4MTJmZDUxYjYzMDNlMTNmM2YwNTQ2MWE5MWY5ZjljMThkNzhiZQ2","url":"http://www.worldbank.org/en/news/press-release/2026/07/08/world-bank-support-to-strengthen-pakistan-s-electricity-grid-for-improved-reliability-and-accelerated-clean-energy-growt","count":"Pakistan","descr":{"cdata!":"Press release on World Bank Support to Strengthen Pakistan’s Electricity Grid for Improved Reliability and Accelerated Clean Energy Growth"},"keywd":"country:Pakistan","lang":"English","title":{"cdata!":"World Bank Support to Strengthen Pakistan’s Electricity Grid for Improved Reliability and Accelerated Clean Energy Growth"},"cqpath":"/content/wb-home/en/news/press-release/2026/07/08/world-bank-support-to-strengthen-pakistan-s-electricity-grid-for-improved-reliability-and-accelerated-clean-energy-growt","lnchdt":"2026-07-09T11:53:00Z","wcmsource":"cq5","country":"Pakistan","countcode":"PK","conttype":"Press Release","content":{"cdata!":" WASHINGTON, July 09, 2026 – The World Bank's Board of Executive Directors today approved US$375.9 million in financing for Pakistan’s Grid Stability Enhancement Project, to strengthen its national power transmission network under the Boosting Energy Security through Transmission in Pakistan (BEST-PAK) Multiphase Programmatic Approach (MPA). The Project is the first phase of a 10-year program  to help Pakistan modernize its electricity transmission network, reduce power outages, and bring more clean energy to homes, businesses, and industries.  \"Pakistan's energy challenges are deeply interconnected with its broader economic stability,\" said Bolormaa Amgaabazar, World Bank Country Director for Pakistan. \"By investing in advanced technologies for more resilient transmission infrastructure, this project will contribute to reducing electricity costs, bring more renewable energy onto the grid, and lay the groundwork for a power sector that works better for households, businesses and industries, as well as overall Pakistan’s economy.\" Pakistan's electricity network has long struggled with grid instability and transmission bottlenecks that limit the delivery of reliable power and leave clean energy generation underutilized. These constraints affect millions of Pakistanis every day through frequent outages, higher electricity costs, and lost economic opportunities. The project will install advanced equipment to stabilize the transmission grid and improve the flow of electricity at key substations. This includes Static Synchronous Compensators, or STATCOMs, - at three major 500 kV substations, as well as fixed reactors and capacitor banks across 26 grid substations. These upgrades will help bring 640 MW of currently curtailed wind energy onto the grid, enabling the full use of 1,840 MW of wind capacity in southern Pakistan by moving power to major demand centers. They will also support the integration of approximately 491 MW of planned private sector-led renewable energy projects. Together, these improvements will help Pakistan move toward its national commitment of achieving 60 percent renewable energy in its electricity mix by 2030, in line with the country's Nationally Determined Contribution under the Paris Agreement. Over its lifetime, the project is expected to avoid approximately 832,500 tons of CO₂ emissions each year, or more than 20.8 million tons cumulatively over 25 years. “A reliable and modern transmission grid is essential for Pakistan’s energy future,\" said Waleed Saleh Alsuraih, Lead Energy Specialist for the World Bank’s BEST‑PAK program in Pakistan. \"As the first phase of the BEST-PAK program, it unlocks a pathway to large-scale clean energy deployment, stronger energy security, and a modern, commercially oriented transmission sector through targeted infrastructure investments and institutional reforms, creating the conditions for future private capital participation.” The project also advances the Government’s ongoing transmission-sector reform agenda, centered on the restructuring of National Transmission & Dispatch Company (NTDC) into specialized successor entities. Drawing on relevant international experience adapted to Pakistan’s needs, it supports faster implementation of reforms designed to strengthen governance, accountability, operational performance, and the long-term sustainability of the power sector. Pakistan is among the countries most exposed to climate-related risks, including river and urban flooding and extreme heat events. The project's design accounts for these realities, by requiring all new installations to meet climate-resilient specifications, including elevated platforms above ground to mitigate flood exposure and equipment designed to operate in temperatures of up to 55°C. These measures will help ensure reliable performance during monsoon seasons and heatwaves.   The World Bank Group in Pakistan Pakistan has been a member of the World Bank since 1950. Since then, the World Bank has provided over $51.2 billion in assistance. The current portfolio has 52 operations, including one regional project, with a total commitment of ~$16.9 billion.  IFC has invested and mobilized approximately $22 billion in Pakistan since 1959, with a diverse range of projects supporting renewable energy, financial inclusion, infrastructure development, agribusiness, manufacturing, housing, healthcare, and trade, among others. IFC’s current committed stands (as of May 15, 2026) at US$1.6 billion across 56 projects.  For more information, read the Pakistan Country Partnership Framework 2026-35 document"},"content_1000":{"cdata!":" WASHINGTON, July 09, 2026 – The World Bank's Board of Executive Directors today approved US$375.9 million in financing for Pakistan’s Grid Stability Enhancement Project, to strengthen its national power transmission network under the Boosting Energy Security through Transmission in Pakistan (BEST-PAK) Multiphase Programmatic Approach (MPA). The Project is the first phase of a 10-year program  to help Pakistan modernize its electricity transmission network, reduce power outages, and bring more clean energy to homes, businesses, and industries.  \"Pakistan's energy challenges are deeply interconnected with its broader economic stability,\" said Bolormaa Amgaabazar, World Bank Country Director for Pakistan. \"By investing in advanced technologies for more resilient transmission infrastructure, this project will contribute to reducing electricity costs, bring more renewable energy onto the grid, and lay the groundwork for a power sector that works better for households, businesses "},"displayconttype":"Press Release","originating_unit":"Middle East & North Africa Afghanistan & Pakistan, MNA"},"MjhjM2ZjYmZlOWNmZjRkNjhkZmRkZTBlZDMxMjQwYWFkMTdlOWJkYw2":{"id":"MjhjM2ZjYmZlOWNmZjRkNjhkZmRkZTBlZDMxMjQwYWFkMTdlOWJkYw2","url":"http://www.worldbank.org/en/news/press-release/2026/07/13/world-bank-group-launches-landmark-ten-year-partnership-framework-with-morocco-to-accelerate-job-creation-and-inclusive-","count":"Morocco","descr":{"cdata!":"World Bank Group Launches Landmark Ten-Year Partnership Framework with Morocco to Accelerate Job Creation and Inclusive Growth"},"keywd":"regions:Middle East and North Africa,country:Morocco,organization:World Bank Group,organization:World Bank,sites:world-bank,sites:world-bank-group,consultations:consultation-type/country-partnership-framework-(strategy)--systematic-country-diagnostic-(cpf---scd),subject:jobs and development,subject:inclusive-growth,subject:infrastructure,subject:infrastructure and growth,subject:agriculture and food security,subject:education,programs:Education for All,subject:health,subject:social protection and growth,subject:public finance,subject:gender,subject:small and medium-sized enterprises and jobs,subject:climate change,subject:climate change adaptation,subject:climate finance,subject:urban development,subject:rural development,organization:International Finance Corporation (IFC),organization:Multilateral Investment Guarantee Agency (MIGA)","lang":"English","admreg":"Middle East, North Africa, Afghanistan, & Pakistan","title":{"cdata!":"World Bank Group Launches Landmark Ten-Year Partnership Framework with Morocco to Accelerate Job Creation and Inclusive Growth"},"topic":"Jobs And Development,Inclusive-growth,Infrastructure,Infrastructure And Growth,Agriculture And Food Security,Education,Health,Social Protection And Growth,Public Finance,Gender,Small And Medium-sized Enterprises And Jobs,Climate Change,Climate Change Adaptation,Climate Finance,Urban Development,Rural Development","unit":"World Bank Group,World Bank,International Finance Corporation (IFC),Multilateral Investment Guarantee Agency (MIGA)","cqpath":"/content/wb-home/en/news/press-release/2026/07/13/world-bank-group-launches-landmark-ten-year-partnership-framework-with-morocco-to-accelerate-job-creation-and-inclusive-","lnchdt":"2026-07-09T11:31:00Z","regionname":"Middle East and North Africa","wcmsource":"cq5","country":"Morocco","countcode":"MA","conttype":"Press Release","content":{"cdata!":" RABAT, July 9, 2026 — The World Bank Group (WBG) and the Government of Morocco today announced a new Country Partnership Framework (CPF) to help accelerate Morocco's next phase of growth and job creation and support the Kingdom's ambitious development priorities and vision of a more inclusive, competitive, and resilient economy for all Moroccans. For more than 65 years, the World Bank Group has stood alongside Morocco at every stage of its development journey — from foundational investments in infrastructure and agriculture to transformative reforms in education, health, and social protection. What has emerged over more than six decades is a deep partnership that has shaped institutions, built capacity, and helped Morocco navigate some of its most critical development milestones. \"This Country Partnership Framework marks a decisive milestone for Morocco. What makes it distinctive is its structuring nature; it aligns public and private financing, knowledge, and reforms around a shared vision for the Kingdom's future. Jobs — for our youth, for our women, in our cities and across our rural territories — are at the heart of this shared ambition. With a partner that helps us build the foundations of tomorrow, Morocco moves forward,\" said Nadia Fettah, Minister of Economy and Finance of Morocco. Today, this partnership enters a new chapter. The new CPF is anchored in Morocco's New Development Model — the Kingdom's own roadmap for a more dynamic, equitable, and resilient economy. It reflects a shared ambition to help Morocco transition from a public investment-led growth model to a more vibrant, private-sector-driven economy that creates more and better jobs, especially for young people and women. The overarching and cross-cutting objective of the new CPF is more and better jobs for all. In support of this goal, the World Bank Group will work with Morocco across three areas. The first is to have more competitive firms by reducing regulatory barriers, strengthening market competition, and expanding access to finance for small and medium enterprises. The second is better-connected and more inclusive cities and territories, by reducing spatial disparities and improving access to markets and services across urban and rural areas. The third is strengthened human capital, by supporting reforms in education, Universal Health Coverage, and a more comprehensive social protection system. At the heart of this framework is a commitment to results that are visible, measurable, and felt by Moroccan citizens. Progress will be tracked through concrete indicators — including jobs created, private investment mobilized, access to healthcare and quality education expanded, and vulnerable communities better protected against climate shocks. The World Bank Group will implement this strategy by combining lending, technical expertise, and private capital mobilization. \"Morocco has achieved remarkable development gains, and the ambition of its New Development Model is an inspiration,\" said Ousmane Dione, World Bank Vice President for the Middle East, North Africa, Afghanistan and Pakistan region. \"By extending our partnership to a ten-year horizon, we are making a deliberate choice — to move beyond project cycles and invest in lasting, structural transformation. This new framework reflects our unwavering commitment to Morocco as it writes its next chapter of progress.\" \"Morocco’s economy stands among the most dynamic across Africa, advancing one of the continent’s most compelling growth stories,\" said Ethiopis Tafara, IFC's Vice President for Africa. \"Through this ten-year partnership with the Kingdom of Morocco, we are deepening our commitment to strengthen markets, mobilize greater private capital, and support the next generation of businesses to grow, scale, and create jobs across the economy.\" \"Through this strengthened partnership, MIGA will leverage its guarantees to mobilize private capital and de-risk investments in Morocco, supporting job creation and advancing a more resilient, private sector-led growth model,\" said Ed Mountfield, MIGA’s Vice President and Chief Financial Officer. The World Bank Group looks forward to continuing to build, together with the Government of Morocco and all its partners, a future of shared opportunity, resilience, and prosperity."},"content_1000":{"cdata!":" RABAT, July 9, 2026 — The World Bank Group (WBG) and the Government of Morocco today announced a new Country Partnership Framework (CPF) to help accelerate Morocco's next phase of growth and job creation and support the Kingdom's ambitious development priorities and vision of a more inclusive, competitive, and resilient economy for all Moroccans. For more than 65 years, the World Bank Group has stood alongside Morocco at every stage of its development journey — from foundational investments in infrastructure and agriculture to transformative reforms in education, health, and social protection. What has emerged over more than six decades is a deep partnership that has shaped institutions, built capacity, and helped Morocco navigate some of its most critical development milestones. \"This Country Partnership Framework marks a decisive milestone for Morocco. What makes it distinctive is its structuring nature; it aligns public and private financing, knowledge, and reforms around a shared "},"displayconttype":"Press Release","originating_unit":"Middle East & North Africa Afghanistan & Pakistan, MNA"},"ZDI2ZDAxNWE1NGI2MDQ3MTFmNjBiOWI1MzM1YzQyNjlmZGVlOWFiNw2":{"id":"ZDI2ZDAxNWE1NGI2MDQ3MTFmNjBiOWI1MzM1YzQyNjlmZGVlOWFiNw2","url":"http://www.worldbank.org/en/news/press-release/2026/07/09/moderate-lao-economic-growth-anticipated-in-2026-with-recent-gains-fragile","count":"Lao PDR","descr":{"cdata!":"As Lao PDR records economic gains in early 2026 the World Bank urges sustained reform and investment in health to protect the vulnerable and create quality jobs"},"keywd":"subject:economic growth analytics,subject:macroeconomic and structural policies,subject:economic growth,country:Lao PDR,regions:East Asia and Pacific,subject:health,subject:public finance,subject:human capital for growth","lang":"English","admreg":"East Asia and Pacific","title":{"cdata!":"Moderate Lao Economic Growth Anticipated in 2026 with Recent Gains Fragile"},"topic":"Economic Growth Analytics,Macroeconomic And Structural Policies,Economic Growth,Health,Public Finance,Human Capital For Growth","proid":"P179628","cqpath":"/content/wb-home/en/news/press-release/2026/07/09/moderate-lao-economic-growth-anticipated-in-2026-with-recent-gains-fragile","lnchdt":"2026-07-09T07:30:00Z","regionname":"East Asia and Pacific","wcmsource":"cq5","country":"Lao PDR","countcode":"LA","conttype":"Press Release","content":{"cdata!":" World Bank urges sustained reforms and investment in health to protect vulnerable households and create better quality jobs The Lao PDR recorded an improved macroeconomic position in early 2026 but a World Bank report released today notes that these gains, and the prospects for quality job creation, are still fragile. The June 2026 edition of the Lao PDR Economic Monitor, Consolidating Reform Momentum Amid Volatility finds that GDP growth is projected to moderate to 3.8% in 2026 as global oil price shocks push domestic inflation back up, eroding the purchasing power of poor and vulnerable households. Continued policy discipline and deeper structural reform are needed to secure economic stability and growth, the report says. \"Laos has achieved something significant: four years of reform have rebuilt currency reserves, stabilized the exchange rate, and restored a degree of economic confidence, which has translated into economic resilience and more jobs,\" said Khwima Nthara, World Bank Group Country Manager for the Lao PDR. “Stability remains fragile, especially after the recent oil shock. Sustained reform is needed to strengthen resilience, boost revenues, protect the most vulnerable, and invest in the human capital needed for Laos’ long-term growth”. Although international reserves reached a record $4.2 billion in March 2026, debt service is projected at 13% of GDP in 2026, constraining Laos’ ability to invest further in health, education, and social protection. The report calls on the government to maintain fiscal and monetary discipline, strengthen domestic revenue collection, and implement targeted cash transfers for those most exposed to rising fuel and food prices. To protect the gains of recent fiscal consolidation, it also recommends that current measures to ease price pressures, such as broad fuel tax reductions, be time-bound and accompanied by clear exit mechanisms. A special section on health financing highlights the declining use of public health services as economic pressures squeeze both household incomes and public budgets. Public health spending currently stands at approximately 4% of the national budget, far below regional benchmarks. This results in poor service quality and high out-of-pocket costs that fall hardest on low-income families. The report recommends a three-priority reform agenda: first, mobilizing more domestic resources for a phased roadmap that will see the government increase health spending to 9% of the national budget by 2030; second, maximizing value by reprioritizing primary health care and reforming payment systems; and third, addressing public financial management bottlenecks to ensure a faster, more predictable flow of funds to health facilities through digitization. Investing in health is foundational to the productivity gains that Laos will need to sustain long-term economic growth."},"content_1000":{"cdata!":" World Bank urges sustained reforms and investment in health to protect vulnerable households and create better quality jobs The Lao PDR recorded an improved macroeconomic position in early 2026 but a World Bank report released today notes that these gains, and the prospects for quality job creation, are still fragile. The June 2026 edition of the Lao PDR Economic Monitor, Consolidating Reform Momentum Amid Volatility finds that GDP growth is projected to moderate to 3.8% in 2026 as global oil price shocks push domestic inflation back up, eroding the purchasing power of poor and vulnerable households. Continued policy discipline and deeper structural reform are needed to secure economic stability and growth, the report says. \"Laos has achieved something significant: four years of reform have rebuilt currency reserves, stabilized the exchange rate, and restored a degree of economic confidence, which has translated into economic resilience and more jobs,\" said Khwima Nthara, World Bank G"},"displayconttype":"Press Release","originating_unit":"Equitable Growth Finance and Institutions, EFI"},"ZWIzNjg5ZTNmNGY3NmUzOWRhNTI3MWRkZjJjNDJmNmNlMmU3MTFlNg2":{"id":"ZWIzNjg5ZTNmNGY3NmUzOWRhNTI3MWRkZjJjNDJmNmNlMmU3MTFlNg2","url":"http://www.worldbank.org/en/news/press-release/2026/07/08/ifc-launches-first-ever-eur-benchmark-with-eur-1-billion-7-year-green-bond","descr":{"cdata!":"IFC Launches First-Ever EUR Benchmark with EUR 1 Billion 7-Year Green Bond"},"keywd":"organization:World Bank Group,organization:International Finance Corporation (IFC),organization:Treasury,subject:capital markets","lang":"English","title":{"cdata!":"IFC Launches First-Ever EUR Benchmark with EUR 1 Billion 7-Year Green Bond"},"topic":"Capital Markets","unit":"World Bank Group,International Finance Corporation (IFC),Treasury","cqpath":"/content/wb-home/en/news/press-release/2026/07/08/ifc-launches-first-ever-eur-benchmark-with-eur-1-billion-7-year-green-bond","lnchdt":"2026-07-08T16:35:45Z","wcmsource":"cq5","conttype":"Press Release","content":{"cdata!":" London, July 8, 2026 – The International Finance Corporation (IFC, Aaa/AAA), a member of the World Bank Group, today priced its inaugural EUR benchmark bond, a EUR 1 billion 7-year green bond. The landmark transaction marks IFC’s first-ever benchmark issuance in the EUR market. The transaction generated strong interest from 56 investors, with the orderbook reaching EUR 2.7 billion and demonstrating robust demand for EUR-denominated green bonds. It represents a significant step in the evolution of IFC’s funding program, further diversifying its investor base among investors seeking liquid EUR-denominated bonds while mobilizing capital for private sector projects that drive economic growth, job creation, and positive environmental outcomes in developing countries. Joint Lead Managers for the transaction were Barclays, BNP Paribas, Credit Agricole CIB, and TD Securities. The bond carries a semi-annual coupon of 3.125%, priced at +24.7 basis points over the reference DBR 2.3% February 2033 benchmark, and will be listed on the Luxembourg Stock Exchange. “This inaugural EUR benchmark expands IFC’s access to investors in Europe seeking high-quality, liquid, sustainable-labeled bonds denominated in euro,” said Jorge Familiar, Vice President and Treasurer, World Bank Group. “By raising capital efficiently across global markets, we are expanding financing for private sector projects that create jobs, foster sustainable growth, and generate positive environmental outcomes in developing economies.” Investor Distribution by Type Central Banks/Official Institutions: 70%           Banks/Bank Treasuries/Corporates: 17% Asset Managers/Insurance/Pension Funds: 13% Investor Distribution by Geography Europe and Middle East/Africa (EMEA): 69% Asia: 23% United Kingdom: 8% The transaction follows two highly successful benchmark bond issuances earlier this fiscal year—a USD 2 billion 5-year green bond and a AUD 1.5 billion 5.5-year bond, IFC's largest-ever Australian dollar issuance. Together, these transactions demonstrate IFC's continued ability to access diverse global investor bases. With this landmark EUR benchmark, IFC continues to build on its position as a leading multilateral green bond issuer, connecting global investors with sustainable investment opportunities in developing countries. The new issuance is IFC's second transaction under its updated Green Bond Framework, published in July 2026. The framework received a Second Party Opinion from S&P Global Ratings, which confirmed its full alignment with the Green Bond Principles published by the International Capital Market Association. Proceeds from IFC’s green bonds support the financing of projects that address a diverse range of environmental objectives, including adaptation and resilience, biodiversity and nature, ocean and water protection, climate change mitigation, and a circular economy. The updated framework highlights outcomes such as quality jobs, resilient livelihoods, and inclusive economic participation as integral components of climate-smart business. “This highly successful inaugural EUR 1 billion 7-year green bond is a great result for the IFC team. Achieving a high-quality orderbook from a diverse range of investors in a competitive and volatile market environment is a powerful endorsement of IFC's credit strength, its updated Green Bond Framework and the growing investor appetite for high-quality sustainable investments. As IFC's debut EUR benchmark, this landmark transaction broadens the institution's funding platform and investor base, further enhancing its ability to mobilize capital for projects that support sustainable development. Barclays is proud to have partnered with IFC on this significant milestone,” said Alex Paterson, Managing Director, Head of SSA DCM, Barclays. “Congratulations to the IFC funding team on its debut benchmark issuance in EUR. The strategic expansion into this market enhances IFC’s ability to secure attractive, large-scale funding while further diversifying its investor base. IFC’s robust credit fundamentals, green credentials and established capital markets presence — bolstered by strong marketing efforts — were clearly reflected in the substantial order book, driven primarily by high-quality accounts but also with a wide range of investor types. BNP Paribas is delighted to have supported IFC in this important milestone,” said Jamie Stirling, Managing Director, Global Head SSA DCM, BNP Paribas. “After extensive work with EUR investors as well as Sustainable Finance analysts, IFC has been able to launch a very successful inaugural EUR 1 billion 7-year green transaction. Receiving a solid oversubscription as well as large orders from leading investors looking for labelled bonds in Europe in a very volatile market is a strong statement and positions IFC well for future EUR issuances. We would like to congratulate the IFC team for this great outcome and are very proud to have assisted the issuer as a joint lead manager,\" said Benjamin Moulle, Managing Director, Global Head of SSA DCM, Credit Agricole. “We congratulate the IFC team on a successful EUR debut. This milestone transaction demonstrates IFC’s global investor appeal and marks the beginning of its EUR funding journey. TD is delighted to have partnered on the trade,” said Paul Eustace, Managing Director, Global Head of SSA, TD Securities. IFC Inaugural EUR Benchmark Terms Issuer: International Finance Corporation (IFC) Issuer rating: Aaa / AAA (Moody’s / S&P) Amount: EUR 1 billion Pricing Date: July 8, 2026 Settlement date: July 15, 2026 Maturity date: August 15, 2033 Issue price: 99.952% Issue yield: 3.132% Coupon: 3.125% ISIN: XS3440163569 Listing: Luxembourg Stock Exchange Clearing system: Euroclear / Clearstream Lead Managers Barclays, BNP Paribas, Credit Agricole CIB, TD Securities IFC complements its public issuance by accessing a variety of different markets, including through private placements and thematic bonds, such as green bonds to support climate-smart business, and social bonds that fund IFC projects to help underserved people in developing countries with limited access to essential services. IFC also issues local-currency bonds to develop local capital markets and to fund local-currency investments. About IFCIFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. IFC provides financing to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org. DisclaimerThis press release is not an offer for sale of securities of the International Finance Corporation (\"IFC\"). Any offering of IFC securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by IFC or on behalf of IFC, and is subject to restrictions under the laws of several countries, including the laws of the European Union. Securities issued by IFC may not be offered or sold except in compliance with all such laws. None of the information set forth herein are part of, or incorporated by reference into, the offering documentation. Under no circumstances shall IFC or its affiliates be liable for any loss, damage, liability, or expense incurred or suffered which is claimed to have resulted from use of this material, including without limitation any direct, indirect, special, or consequential damages, even if IFC has been advised of the possibility of such damages. For additional information concerning IFC, please refer to IFC’s current “Information Statement”, financial statements and other relevant information available at www.ifc.org/investors."},"content_1000":{"cdata!":" London, July 8, 2026 – The International Finance Corporation (IFC, Aaa/AAA), a member of the World Bank Group, today priced its inaugural EUR benchmark bond, a EUR 1 billion 7-year green bond. The landmark transaction marks IFC’s first-ever benchmark issuance in the EUR market. The transaction generated strong interest from 56 investors, with the orderbook reaching EUR 2.7 billion and demonstrating robust demand for EUR-denominated green bonds. It represents a significant step in the evolution of IFC’s funding program, further diversifying its investor base among investors seeking liquid EUR-denominated bonds while mobilizing capital for private sector projects that drive economic growth, job creation, and positive environmental outcomes in developing countries. Joint Lead Managers for the transaction were Barclays, BNP Paribas, Credit Agricole CIB, and TD Securities. The bond carries a semi-annual coupon of 3.125%, priced at +24.7 basis points over the reference DBR 2.3% February 203"},"displayconttype":"Press Release","originating_unit":"Treasury, TRE"},"YzEwY2Y5YjY0YmU3YWMyMGI1ZjE1YmU4MDRmMzY0YWUzNWE4NDVkYg2":{"id":"YzEwY2Y5YjY0YmU3YWMyMGI1ZjE1YmU4MDRmMzY0YWUzNWE4NDVkYg2","url":"http://www.worldbank.org/en/news/press-release/2026/07/07/ifc-launches-standout-2-billion-5-year-usd-green-benchmark-bond","descr":{"cdata!":"IFC Launches Standout $2 Billion 5-Year USD Green Benchmark Bond"},"lang":"English","title":{"cdata!":"IFC Launches Standout $2 Billion 5-Year USD Green Benchmark Bond"},"cqpath":"/content/wb-home/en/news/press-release/2026/07/07/ifc-launches-standout-2-billion-5-year-usd-green-benchmark-bond","lnchdt":"2026-07-07T16:39:17Z","wcmsource":"cq5","conttype":"Press Release","content":{"cdata!":" Washington, July 7, 2026 – The International Finance Corporation (IFC, rated Aaa/AAA), a member of the World Bank Group, priced its first US dollar benchmark bond of the fiscal year, a green bond raising $2 billion to support the private sector and job creation in developing countries. The transaction generated very strong investor interest, reaching a book of $8 billion, supported by 120 investor orders, demonstrating robust global demand for high-quality US dollar benchmark bonds. Joint lead managers for this transaction were BMO Capital Markets, Citigroup Global Markets Limited, Goldman Sachs International, and J.P. Morgan. The bond pays a semi-annual coupon of 4.25%, offers a spread of 1.7 basis points versus the reference US Treasury, and will be listed on the Luxembourg Stock Exchange.  \"The exceptional investor response to IFC’s inaugural US dollar benchmark bond of the fiscal year underscores the global depth of demand for high-quality sustainable investments,\" said Jorge Familiar, Vice President and Treasurer, World Bank Group. \"Our bonds help build more sustainable and competitive economies, providing investors the opportunity to support emerging markets through high-grade liquid products in multiple currencies.” Investor Distribution by Type Central Banks/Official Institutions: 61%             Banks/Bank Treasuries/Corporates: 21% Asset Managers/Insurers/Pension Funds: 18% Investor Distribution by Geography Europe/Middle East/Africa (EMEA): 41% Americas: 31% Asia: 28% The new bond is IFC’s first US dollar denominated green benchmark bond since 2017 and the first issued under IFC’s updated Green Bond Framework, published in July 2026. The Second Party Opinion was provided by S&P Global Ratings, who confirmed the framework’s full alignment with the Green Bond Principles published by the International Capital Market Association. Proceeds from IFC’s green bonds support the financing of projects that address a diverse range of environmental objectives, including adaptation and resilience, biodiversity and nature, ocean and water protection, climate change mitigation, and a circular economy. The updated framework highlights outcomes such as quality jobs, resilient livelihoods, and inclusive economic participation as integral components of climate-smart business. \"IFC kicks off its new fiscal year with a resounding success. The orderbook of $8 billion underscores the market’s confidence and support in IFC’s mission and credit. BMO is proud to have supported IFC’s return to the benchmark green bond market and its continued commitment to advancing sustainable development worldwide,\" said Sean Hayes, Managing Director & Global Head of Syndicate, BMO Capital Markets. “Congratulations to the IFC team on an impressive return to the US dollar benchmark green bond market. The transaction was issued under IFC's new Green Bond Framework and offers investors a rare opportunity to invest in liquid, US dollar denominated green issuance from a triple-A rated supranational. Citi is delighted and proud to be part of this deal which supports financing towards projects in developing countries to achieve environmental objectives,” said Ebba Wexler, Head of SSA (Sovereign, Supranational, and Agency) DCM (Debt Capital Markets), Citigroup Global Markets Limited. “We congratulate the IFC team on their first US dollar benchmark of their new fiscal year and their first US dollar green benchmark since 2017! The robust orderbook dynamics were a clear reflection of IFC’s exceptional credit quality and the outstanding global investor support they command,\" said Dorothee Amar, Co-Head of SSA, Goldman Sachs. “Compliments to IFC on a standout US dollar green bond. The strong outcome across key metrics, supported by the green label, is a clear testament to IFC’s global credit appeal and continued commitment to sustainability,” said Sarah Lovedee, Head of Supranationals, J.P. Morgan.   IFC USD Global Benchmark Terms Issuer: International Finance Corporation (IFC) Issuer rating: Aaa / AAA (Moody's / S&P) Amount: US$ 2,000,000,000 Pricing Date: July 7, 2026 Settlement date: July 14, 2026 Maturity date: July 14, 2031 Re-Offer Price/Yield 99.991% / 4.252% s.a. Coupon 4.250% (semi-annual, 30/360) Re-offer vs. SOFR Mid-swaps +29bps Re-offer vs. Benchmark T 4 ⅛ 06/30/31 +1.7bps Documentation Issuer's Global Medium-Term Note Program Joint Bookrunners BMO Capital Markets, Citigroup Global Markets Limited, Goldman Sachs International, J.P. Morgan   IFC has issued US dollar-denominated global bonds each year since 2000. In addition, IFC complements its public issuance by accessing a variety of different markets, including through private placements and thematic bonds, such as green bonds to support climate-smart business, and social bonds that fund IFC projects to help underserved people in developing countries with limited access to essential services. IFC also issues local-currency bonds to develop local capital markets and fund local-currency investments. IFC's fiscal year runs from July 1 to June 30.   About IFC IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. IFC provides financing to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.   Disclaimer This press release is not an offer for sale of securities of the International Finance Corporation (\"IFC\"). Any offering of IFC securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by IFC or on behalf of IFC, and is subject to restrictions under the laws of several countries, including the laws of the United States of America. Securities issued by IFC may not be offered or sold except in compliance with all such laws. None of the information set forth herein are part of, or incorporated by reference into, the offering documentation. Under no circumstances shall IFC or its affiliates be liable for any loss, damage, liability, or expense incurred or suffered which is claimed to have resulted from use of this material, including without limitation any direct, indirect, special, or consequential damages, even if IFC has been advised of the possibility of such damages. For additional information concerning IFC, please refer to IFC’s current “Information Statement”, financial statements and other relevant information available at www.ifc.org/investors."},"content_1000":{"cdata!":" Washington, July 7, 2026 – The International Finance Corporation (IFC, rated Aaa/AAA), a member of the World Bank Group, priced its first US dollar benchmark bond of the fiscal year, a green bond raising $2 billion to support the private sector and job creation in developing countries. The transaction generated very strong investor interest, reaching a book of $8 billion, supported by 120 investor orders, demonstrating robust global demand for high-quality US dollar benchmark bonds. Joint lead managers for this transaction were BMO Capital Markets, Citigroup Global Markets Limited, Goldman Sachs International, and J.P. Morgan. The bond pays a semi-annual coupon of 4.25%, offers a spread of 1.7 basis points versus the reference US Treasury, and will be listed on the Luxembourg Stock Exchange.  \"The exceptional investor response to IFC’s inaugural US dollar benchmark bond of the fiscal year underscores the global depth of demand for high-quality sustainable investments,\" said Jorge"},"displayconttype":"Press Release","originating_unit":"Treasury, TRE","funding_source":"IFC"},"ZDg2ZTNmYzZkMDBkZjJmOTU1ODlmYWJiODYzMjA2ZjkwYTFhMTNkOQ2":{"id":"ZDg2ZTNmYzZkMDBkZjJmOTU1ODlmYWJiODYzMjA2ZjkwYTFhMTNkOQ2","url":"http://www.worldbank.org/en/news/press-release/2026/07/07/rebalancing-growth-china-economic-update","count":"China","descr":{"cdata!":"China’s economy stayed resilient in early 2026, supported by strong high-tech investment and exports, according to the World Bank’s latest China Economic Update, Rebalancing Growth."},"keywd":"country:China,regions:East Asia and Pacific,subject:economic growth,subject:economic growth analytics,subject:fiscal policy,subject:jobs and development,subject:macroeconomic and structural policies,subject:monetary policy","lang":"English","admreg":"East Asia and Pacific","title":{"cdata!":"Rebalancing Growth: China Economic Update"},"topic":"Economic Growth,Economic Growth Analytics,Fiscal Policy,Jobs And Development,Macroeconomic And Structural Policies,Monetary Policy","cqpath":"/content/wb-home/en/news/press-release/2026/07/07/rebalancing-growth-china-economic-update","lnchdt":"2026-07-07T06:31:22Z","regionname":"East Asia and Pacific","wcmsource":"cq5","country":"China","countcode":"CN","conttype":"Press Release","content":{"cdata!":" BEIJING, July 7, 2026 — China’s economy stayed resilient in early 2026, supported by strong high-tech investment and exports, according to the World Bank’s latest China Economic Update, Rebalancing Growth.  The report shows that policy support, high-tech investment, and buffers against global energy supply disruptions partly offset weaker domestic demand in the second quarter. However, as the property sector continues to adjust to lower housing demand and consumers remain cautious, growth is projected to slow to 4.4% in 2026. Growth is expected to ease further to 4.3% in 2027, as progress in rebalancing the economy toward consumption remains gradual. \"Further strengthening the social safety net would be a key measure to boost consumption. Raising benefit levels, extending coverage to informal workers, and providing access based on residence could give households the confidence to spend more rather than save,\" said Tatiana Rosito, World Bank Division Director for China, Mongolia and Korea.  Risks to the outlook are broadly balanced. Although uncertainty with respect to global energy supply has declined in recent weeks and oil prices have fallen, risks of renewed volatility remain. If the property downturn deepens further, this could compound pressures on consumer spending and investment in real estate and related sectors. On the upside, growth could exceed current projections if fiscal stimulus and AI-related investments prove stronger than expected. This latest Economic Update also examines how China's low-carbon transition is reshaping jobs and the labor market. It finds that demand for both green technical skills and transferable competencies, such as systems thinking, adaptive learning, and digital skills, is expanding beyond narrowly defined low-carbon sectors. These skills command sizeable wage premiums. Yet, skill gaps are constraining inclusive employment gains.  \"The low-carbon transition is creating new job opportunities, but workers need support to move into new roles. Training, portable green skill credentials, and stronger social protection can help make the transition smoother and more inclusive,\" said Elitza Mileva, World Bank Lead Economist for China."},"content_1000":{"cdata!":" BEIJING, July 7, 2026 — China’s economy stayed resilient in early 2026, supported by strong high-tech investment and exports, according to the World Bank’s latest China Economic Update, Rebalancing Growth.  The report shows that policy support, high-tech investment, and buffers against global energy supply disruptions partly offset weaker domestic demand in the second quarter. However, as the property sector continues to adjust to lower housing demand and consumers remain cautious, growth is projected to slow to 4.4% in 2026. Growth is expected to ease further to 4.3% in 2027, as progress in rebalancing the economy toward consumption remains gradual. \"Further strengthening the social safety net would be a key measure to boost consumption. Raising benefit levels, extending coverage to informal workers, and providing access based on residence could give households the confidence to spend more rather than save,\" said Tatiana Rosito, World Bank Division Director for China, Mongolia a"},"displayconttype":"Press Release","originating_unit":"East Asia and Pacific, EAP"},"OWRjNTFiN2IzN2VjZTRkYTM5YjdhZDljOTBhMjIxOWUwYjkyZGQ4ZQ2":{"id":"OWRjNTFiN2IzN2VjZTRkYTM5YjdhZDljOTBhMjIxOWUwYjkyZGQ4ZQ2","url":"http://www.worldbank.org/en/news/press-release/2026/07/06/madagascar-to-boost-urban-resilience-and-jobs-in-antananarivo-and-toamasina","count":"Madagascar","descr":{"cdata!":"See how a new US$225 million World Bank Group project will help 1.5 million people with safer housing, flood protection, and jobs in Madagascar."},"keywd":"subject:urban development,subject:disaster-risk-management,country:Madagascar,regions:Africa,subject:jobs and development","lang":"English","admreg":"Africa","title":{"cdata!":"Madagascar to Boost Urban Resilience and Jobs in Antananarivo and Toamasina"},"topic":"Urban Development,Disaster-risk-management,Jobs And Development","cqpath":"/content/wb-home/en/news/press-release/2026/07/06/madagascar-to-boost-urban-resilience-and-jobs-in-antananarivo-and-toamasina","lnchdt":"2026-07-06T11:40:42Z","regionname":"Africa","wcmsource":"cq5","country":"Madagascar","countcode":"MG","conttype":"Press Release","content":{"cdata!":" WASHINGTON, July 6th, 2026 — The World Bank Group has approved US$225 million in financing for the Integrated Urban Development and Resilience Project for Jobs (PRODUIRE2) to strengthen climate resilience, improve infrastructure, and create more and better jobs in Greater Antananarivo and Greater Toamasina. Madagascar’s rapidly growing cities face mounting challenges. In early 2026, cyclones Fytia and Gezani caused damages estimated at the equivalent to 3.4 percent of the country’s GDP. In Greater Antananarivo, extreme urban poverty has more than doubled over the past decade, despite the capital generating close to 44 percent of GDP. Recurrent flooding, inadequate infrastructure, and insecure land tenure deter private investment, limit economic opportunities, and keep the city's most vulnerable residents locked in poverty. Building on the World Bank-supported urban resilience program in Antananarivo, PRODUIRE2 will deepen investments in flood protection, drainage, solid waste management, neighborhood upgrading, and land administration in Greater Antananarivo. In Greater Toamasina, where cyclone Gezani damaged 70 percent of the housing stock, the project will focus on rebuilding resilient housing and rehabilitating critical public infrastructure such as schools and health facilities. By 2032, the project aims to bring climate-resilient infrastructure to 1.5 million people, reconstruct 20,000 homes to resilient standards, issue land documentation for 50,000 parcels, and generate approximately 17,000 jobs — laying the groundwork for sustained private investment, jobs, and economic growth. “When cities work better, people live better. With the support of this new World Bank Group-financed project, families will benefit from safer neighborhoods, better infrastructure, improved access to land services, and greater economic opportunities. This investment will help create jobs, support local businesses, and give more people the chance to build a brighter future for their families,” said Dr Herinjatovo Ramiarison, Minister of Economy and Finance of Madagascar. “ The project will also address insecure land tenure – nearly half of the land in Antanarivo lacks formal titles, a key barrier to urban development and investment. PRODUIRE2 will support land regularization and digital land services to help residents obtain legally recognized documentation and streamline transactions. At least 40 percent of new land documents issued will include women as sole or joint rights holders. “Cyclone Gezani damaged nearly 70 percent of homes in Toamasina and disrupted the lives of thousands of families. Through PRODUIRE2, families will be supported to rebuild stronger homes, while critical public infrastructure and services will be restored and strengthened. The University of Barikadimy, which suffered extensive damage, will be fully rebuilt to higher standards so it can continue serving students for generations to come. In Greater Antananarivo, investments in flood protection, drainage infrastructure, including the Canal C3 ter and Canal C3 bis, solid waste management, and land administration will help reduce flooding and give families greater peace of mind during the rainy season. At its heart, this project is about helping people live more safely, creating better economic opportunities, and enabling families to focus on what matters most: their children’s future, their work, and their well-being.”, said Atou Seck, World Bank Group Country Manager for Madagascar. PRODUIRE2 reflects a long-term partnership between the Government of Madagascar and the World Bank Group It will support Antananarivo and Toamasina to become more resilient, inclusive, and dynamic engines of growth. PRODUIRE2 is supported by the Global Facility for Disaster Reduction and Recovery (GFDRR) and by the Quality Infrastructure Investment (QII) Partnership financed by the Government of Japan, which provide technical and analytical assistance to strengthen Madagascar's framework for disaster risk management, urban resilience, and infrastructure quality.Contacts In Madagascar: Dia Styvanley, +261 34 78 254 44, dstyvanley@worldbank.org In Washington: Daniella van Leggelo-Padilla, +1 (202) 473-4989, dvanleggelo@worldbank.org"},"content_1000":{"cdata!":" WASHINGTON, July 6th, 2026 — The World Bank Group has approved US$225 million in financing for the Integrated Urban Development and Resilience Project for Jobs (PRODUIRE2) to strengthen climate resilience, improve infrastructure, and create more and better jobs in Greater Antananarivo and Greater Toamasina. Madagascar’s rapidly growing cities face mounting challenges. In early 2026, cyclones Fytia and Gezani caused damages estimated at the equivalent to 3.4 percent of the country’s GDP. In Greater Antananarivo, extreme urban poverty has more than doubled over the past decade, despite the capital generating close to 44 percent of GDP. Recurrent flooding, inadequate infrastructure, and insecure land tenure deter private investment, limit economic opportunities, and keep the city's most vulnerable residents locked in poverty. Building on the World Bank-supported urban resilience program in Antananarivo, PRODUIRE2 will deepen investments in flood protection, drainage, solid waste manageme"},"displayconttype":"Press Release","originating_unit":"Africa, AFR","funding_source":"IDA"},"NjI0Yjg3NmM5OTNjMjZiYjk1MzFkY2JiMzg4ODRmYjdmMjA0NTllNg2":{"id":"NjI0Yjg3NmM5OTNjMjZiYjk1MzFkY2JiMzg4ODRmYjdmMjA0NTllNg2","url":"http://www.worldbank.org/en/news/press-release/2026/07/07/banco-mundial-aprueba-financiamiento-para-infraestructura-resiliente-y-servicios-b-sicos-que-impulsar-n-el-empleo-en-sal","descr":{"cdata!":"The World Bank’s Board of Executive Directors approved the “Resilient Infrastructure for Regional Economic Development and Job Creation in Salta” project, a US$100 million operation aimed at improving connectivity, strengthening logistics infrastructure, expanding access to water and sanitation services, and modernizing mining sector management in the province."},"lang":"English","title":{"cdata!":"World Bank Approves Financing for Resilient Infrastructure and Basic Services to Boost Employment in Salta"},"proid":"P510696","cqpath":"/content/wb-home/en/news/press-release/2026/07/07/banco-mundial-aprueba-financiamiento-para-infraestructura-resiliente-y-servicios-b-sicos-que-impulsar-n-el-empleo-en-sal","lnchdt":"2026-07-06T10:41:00Z","wcmsource":"cq5","conttype":"Press Release","content":{"cdata!":" Buenos Aires, July 6, 2026 – The World Bank’s Board of Executive Directors today approved the “Resilient Infrastructure for Regional Economic Development and Job Creation in Salta” project, a US$100 million operation aimed at improving connectivity, strengthening logistics infrastructure, expanding access to water and sanitation services, and modernizing mining sector management in the province. \"In Salta, we have been working in a serious and responsible manner with a long-term vision. Together with the World Bank, we are promoting investments that create opportunities, strengthen our infrastructure, and support productive growth and development for all people in Salta,\" said Gustavo Sáenz, Governor of the Province of Salta. \"Salta has enormous potential to become a hub for productive development and job creation. This project supports investments that help generate tangible economic opportunities for the people of Salta,\" said Peter Siegenthaler, World Bank Division Director for Argentina, Paraguay, and Uruguay. Specifically, the project will finance the rehabilitation of a 24-kilometer section of National Route 51 between Campo Quijano and Los Chorrillos, with a focus on improving drainage and increasing climate resilience. It will also support upgrades to the General Güemes Logistics Hub and Industrial Park, located in a strategic area of the Bioceanic Corridor and connected to the Belgrano Cargas freight rail network. In addition, the towns of Olacapato and San Antonio de los Cobres will benefit from investments to ensure access to safe water and adequate wastewater treatment services. The initiative also includes activities to strengthen the province’s institutional capacity to manage the growth of the mining sector. This includes financing the modernization of information and the development of digital platforms, environmental monitoring tools, technical training, and improvements in transparency and governance that will enable Salta to promote the responsible development of its critical minerals. The “Resilient Infrastructure for Regional Economic Development and Job Creation in Salta” project is a variable-spread loan with a 32-year maturity and a 7-year grace period. For more information about the World Bank, please visit: www.bancomundial.org.ar   "},"content_1000":{"cdata!":" Buenos Aires, July 6, 2026 – The World Bank’s Board of Executive Directors today approved the “Resilient Infrastructure for Regional Economic Development and Job Creation in Salta” project, a US$100 million operation aimed at improving connectivity, strengthening logistics infrastructure, expanding access to water and sanitation services, and modernizing mining sector management in the province. \"In Salta, we have been working in a serious and responsible manner with a long-term vision. Together with the World Bank, we are promoting investments that create opportunities, strengthen our infrastructure, and support productive growth and development for all people in Salta,\" said Gustavo Sáenz, Governor of the Province of Salta. \"Salta has enormous potential to become a hub for productive development and job creation. This project supports investments that help generate tangible economic opportunities for the people of Salta,\" said Peter Siegenthaler, World Bank Division Director for Arg"},"displayconttype":"Press Release","originating_unit":"Infrastructure, GGI","funding_source":"IBRD"},"facets":{"displayconttype_exact":{"0":{"count":14630,"name":"Press Release","label":"Press Release"}},"topic_exact":{"0":{"count":1579,"name":"Financial Sector Development","label":"Financial Sector Development"},"1":{"count":1265,"name":"Capital Markets","label":"Capital Markets"},"2":{"count":1089,"name":"Economic Growth","label":"Economic Growth"},"3":{"count":785,"name":"Climate Change","label":"Climate Change"},"4":{"count":770,"name":"Health","label":"Health"},"5":{"count":761,"name":"Environment And Natural Resources","label":"Environment And Natural Resources"},"6":{"count":754,"name":"Education","label":"Education"},"7":{"count":713,"name":"Jobs And Development","label":"Jobs And 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