Washington asks World Bank to resume financing oil and gas
US Treasury Secretary Scott Bessent is calling for restrictions on oil and gas exploration and production to be lifted. He cites in particular the need for energy access in Africa.
Groupe de la Banque mondiale
English coverage and data for Groupe de la Banque mondiale.
Latest news
Kenya earmarks 13 billion shillings for 27,000 km of additional fibre
The tender targets major national and cross-border links. Public funding is expected to attract matching private investment.
World Bank adds $93 million to Ebola response in DRC and region
Two new envelopes target the national response and preparedness across eleven countries, as DRC surpasses 9,000 confirmed cases.
World Bank and IFAD Strengthen Their Joint Rural Financing
The framework signed in Bangkok is meant to simplify joint investment in agriculture and food systems. It does not announce any new overall envelope.
World Bank Targets $5.79 Billion in Private Financing for Nigeria
The institution is combining loans, investments and guarantees to attract capital to small and medium-sized enterprises, fibre-optic broadband, agriculture and industry, without presenting the $5.79 billion as money already disbursed.
G24 Estimates Extra Debt Cost for Developing Countries at 500 Billion Dollars
The group calls on the IMF and the World Bank for more concessional financing as interest charges erode budget room.