Global gas flaring increased by 9 billion cubic meters (bcm) in 2023, reaching 148 bcm, the highest level since 2019. The top ...

Global gas flaring rose to its highest level since 2007, wasting $63 billion in energy and emitting 389 million tonnes of CO₂e. The World Bank’s 2025 report calls for urgent action to reduce flaring ...

The World Bank is strengthening its procurement requirements to help address the jobs challenge in developing countries by requiring companies working on World Bank-funded projects to include local ...

With support from Generation India’s training program, co-funded by the World Bank, youth can transition to stable jobs. Today’s global challenges require collective action. The World Bank engages ...

The World Bank's annual Country Policy and Institutional Assessment (CPIA) Report has been a guide for countries, ...

The project started in 2021 to contain the COVID-19 pandemic upgraded the country’s lab capabilities and significantly helped ...

More adults than ever in low- and middle-income countries now have bank or other financial accounts, leading to a rise in formal saving, according to the World Bank Group’s Global Findex 2025 report.

Inequality and Shared Prosperity More broad-based economic growth is essential to accelerate progress in boosting shared prosperity.

The Joint MDB Water Security Financing Report 2024 marks a milestone in collective action by ten Multilateral Development Banks (MDBs) to strengthen global water security. Building on commitments made ...

As differences in price levels across the world evolve, the global poverty line has to be periodically updated to reflect these changes. Since 2015, the last update, we have used $1.90 as the global ...

Latest news and information from the World Bank and its development work in Myanmar. Access Myanmar’s economy facts, statistics, project information, development research from experts and latest news.

SMEs are less likely to be able to obtain bank loans than large firms; instead, they rely on internal funds, or cash from friends and family, to launch and initially run their enterprises. The ...