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The World Bank Group
Source: The World Bank Group |

World Bank Approves New Project to Power Tunisia's Energy Transformation

This five-year program of US$430 million— including US$30 million in concessional financing — aims to support the Government of Tunisia to deliver a sustainable, reliable, and affordable electricity supply

The World Bank and the Government of Tunisia have concluded a financing agreement to support Tunisia’s energy sector modernization agenda through the Tunisia Energy Reliability, Efficiency, and Governance Improvement Program (TEREG). This five-year program of US$430 million— including US$30 million in concessional financing — aims to support the Government of Tunisia to deliver a…

The World Bank Group
Source: The World Bank Group |

Liberia Economic Update: Unlocking Private Sector Job Creation through Firm Growth, Expanded Production, and Policy Alignment

The report highlights the importance of unlocking employment potential which requires enabling firm growth, expanding production capacity, and addressing spatial and sectoral concentration

The World Bank today released the Sixth Edition of its annual Liberia Economic Update, titled “From Stabilization to Inclusion – Pathways to Resilient Growth and Productive Jobs.” The report, focusing on Liberia’s recent economic developments, analyzes the status of the private sector and how it can be strengthened to deliver…

The World Bank Group
Source: The World Bank Group |

Congo Basin Forests Hold Trillions in Untapped Value: New Report Calls for Strategic Global Investment

Countries such as Gabon and the Republic of Congo stand out, embedding forest sustainability into national planning with relatively low deforestation rates and strong biodiversity indicators

The Congo Basin, home to the world's second-largest tropical rainforest, holds immense value for not only the six countries it spans, but for the planet. A new World Bank report reveals the region’s forests are not only essential for climate stability and biodiversity, but also a foundation for economic resilience.…

The World Bank Group
Source: The World Bank Group |

Improving Revenue Collection and Public Spending can Accelerate Job-creation and Uganda’s Economic Growth

The report projects a positive medium-term outlook, with growth acceler­ating to 10.4% in FY2026/2027 as oil production begins before stabilizing around 6%

Uganda’s economic growth continues to be strong, with real gross domestic product (GDP) accelerating from 6.1% to 6.8% in the nine months from July 2024 to March 2025. A new World Bank report shows that this good performance was driven by agriculture, manufacturing, construction, plus household and government consumption. In…

The World Bank Group
Source: The World Bank Group |

Over 650,000 Zambians set to benefit from World Bank Financing for Natural Resource Management and Forest Conservation

A new jurisdictional Emission Reduction Program will also be developed to strengthen Zambia’s capacity to participate in carbon markets

The World Bank is expanding support for Zambia’s watershed management and forest conservation, approving the second phase of the Transforming Landscapes for Resilience and Development (TRALARD II) project aimed to improve sustainable management of over 680,000 hectares of land and enhance livelihood resilience for over 650,000 people in targeted vulnerable…

The World Bank Group
Source: The World Bank Group |

New World Bank Program Helps Zambia Increase Jobs Through Inclusive Digital Access

The DZAP will also promote high-impact digital services in sectors such as agriculture–through access to market data and smart farming tools

The World Bank Group has approved the Digital Zambia Acceleration Project (DZAP) to support the Zambian government  to increase access to, and inclusive use of, the internet and digitally enabled services. With a strong emphasis on fostering digital inclusion, the project aims to empower women and girls, persons with disabilities…

The World Bank Group
Source: The World Bank Group |

Republic of Congo: Improving the Management of Produced, Human and Natural Capital to Raise Living Standards

The Republic of Congo has stepped up non-oil revenue mobilization and has made promising progress in public debt and treasury management reforms

The Congolese economy posted modest real GDP growth of 2.6% in 2024, marking a moderate increase in per capita income for the first time since 2016. This finding, according to the World Bank's new Economic Update for the Republic of Congo, underscores that the progress registered has not yet translated…

The World Bank Group
Source: The World Bank Group |

World Bank Establishes Regional Hub for Middle East, North Africa, Afghanistan, and Pakistan in Riyadh

The Riyadh Hub brings the World Bank’s leadership closer to country teams, clients and regional partners

The World Bank announced today the opening of a new regional hub in Riyadh, Saudi Arabia, to serve the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region. The Riyadh hub will be co-located with the World Bank Group’s Gulf Cooperation Council (GCC) regional office. The Riyadh Hub brings the…

The World Bank Group
Source: The World Bank Group |

Embracing Climate-Smart Growth is a Net Win for Uganda

The Country Climate and Development Report (CCDR) for Uganda, published by the World Bank Group and launched today in Kampala, examines the country’s vulnerability to climate change and outlines interventions to mitigate its impacts

Without strong action, climate change could cut Uganda's economic growth by up to 3.1% by 2050, pushing more than 613,000 people into poverty and turning 12 million more into internal migrants. The Country Climate and Development Report (CCDR) for Uganda, published by the World Bank Group and launched today in Kampala,…

The World Bank Group
Source: The World Bank Group |

Tax revenues are the catalyst for more inclusive growth in Côte d'Ivoire

With economic growth of 6% in 2024, above the global (2.8%) and regional (3.2%) averages, Côte d'Ivoire continues to show resilience, supported by private investment, dynamic services and inflation contained at 3.5%

Côte d'Ivoire's economic growth is solid and remarkably resilient in the face of global shocks, according to the World Bank's latest economic update. However, to accelerate its economic transformation and sustainably reduce poverty, it will need to strengthen its domestic resource mobilization. The 15th edition of the report, entitled “Tax…