Australia Commits A$10 Million to Upgrade Flood-Damaged Cloncurry Airport in Queensland
The Australian government has announced an additional A$10 million investment to upgrade Cloncurry Airport in north-west Queensland, aiming to restore...
economic development
KwaZulu-Natal Reports R124.5 Billion in Investment Commitments, Raising Hopes for Economic Growth
South Africa's KwaZulu-Natal province has reported investment commitments valued at R124.5 billion, highlighting efforts to attract capital and strengthen economic...
Philippines Advances Capital Market Reforms as Government Backs New Market-Making Rules
The Philippines is advancing efforts to strengthen its financial markets following government support for new market-making rules introduced by the...
Pakistan Explores International Airport Status for Dera Ghazi Khan to Improve Regional Connectivity
Pakistan is pursuing plans to upgrade Dera Ghazi Khan Airport to international status, an infrastructure initiative that could improve regional...
East African Community Introduces Long-Term Tourism Strategy to Boost Regional Travel
The East African Community (EAC) is advancing regional tourism cooperation through a ten-year marketing strategy designed to promote East Africa...
Thailand Highlights Quality Infrastructure as a Driver of Sustainable Economic Growth
Thailand is highlighting the importance of quality infrastructure in supporting long-term economic development, strengthening industrial competitiveness and attracting investment as...
Kenya and IFAD Strengthen Cooperation to Transform Agriculture and Improve Food Security
Kenya is pursuing stronger cooperation with the International Fund for Agricultural Development (IFAD) to support agricultural development, improve rural livelihoods...
Nigeria Pushes Local Raw Material Processing to Boost African Industrial Growth
Nigeria is placing greater emphasis on domestic raw material processing as African policymakers seek to strengthen manufacturing, attract investment and...
East African Nations Advance Regional Digital Trade and Cybersecurity Cooperation
East African countries are strengthening regional cooperation on digital trade, cybersecurity and cross-border payment systems as governments seek to expand...
Will Artificial Intelligence Create More Jobs Than It Replaces? Understanding the Global Employment Debate
Artificial intelligence is transforming workplaces across the world, raising an important question for governments, businesses and workers: will the technology...
Why Global Economic Growth Is Leaving Some Developing Countries Behind
The global economy can continue expanding while millions of people in developing countries face persistent financial difficulties. Differences in productivity,...
IMF Warns European Economies Must Boost Productivity to Manage Rising Public Debt
European economies are facing growing pressure to strengthen productivity, improve competitiveness and maintain sustainable public finances as economic uncertainty continues...
Pakistan and World Bank Group Discuss Faster Implementation of Development Programme
Pakistan and the World Bank Group have discussed ways to accelerate the implementation of their development cooperation framework, highlighting the...
Burundi Targets Electricity Access for 9 Million People by 2030 With World Bank-Backed Weza Power Initiative
Burundi is advancing efforts to expand electricity access through Weza Power, an initiative receiving support from the World Bank Group...
Uzbekistan Expands Entrepreneurship Through 22 New Business Incubators, Creating Over 12,000 Jobs
Uzbekistan is strengthening its small-business ecosystem through the establishment of 22 new business incubators, supported by financing and development assistance...
How Private Investment Is Transforming Coastal Shipping and Essential Supplies in Papua New Guinea
Coastal shipping plays a vital role in delivering food, medicines and other essential goods to communities across Papua New Guinea...
Private Capital Investment Seen as Key to Creating Jobs for the Next Generation
Creating enough employment opportunities for the next generation will require substantial investment, stronger business development and greater cooperation between the...
IMF Unveils Global Policy Priorities to Strengthen Economic Resilience and Sustainable Growth
The International Monetary Fund is placing economic resilience, financial stability and sustainable growth at the centre of its global policy...
Indonesia Cuts Extreme Poverty to Below 4%, Following China’s Remarkable Progress
Indonesia has achieved a substantial reduction in extreme poverty over the past four decades, demonstrating that major improvements in living...
AI Could Add $1 Trillion to Africa’s GDP by 2035 and Generate Up to 40 Million Digital Jobs, World Bank Report Says
Artificial intelligence could contribute as much as $1 trillion to Africa’s gross domestic product (GDP) by 2035 and create between...
EU and UNDP Partner to Strengthen Nigeria’s Development Financing and Support Women- and Youth-Led Businesses
The European Union and the United Nations Development Programme (UNDP) are supporting Nigeria’s efforts to strengthen development financing, improve resource...
World Bank Highlights Investments in Water, Clean Energy and Digital Connectivity Across the Pacific and Southeast Asia
The World Bank Group is highlighting the role of development investments in improving access to essential services, expanding economic opportunities...
Better Business Data Could Help Small Enterprises Access Finance and Expand Their Markets
Micro, small and medium-sized enterprises (MSMEs) play a central role in economic development, supporting employment, entrepreneurship and local business activity...
World Bank Group Targets Up to $5.79 Billion in Private Financing for Nigeria’s Development
Nigeria is seeking to expand private-sector participation in its economy with support from the World Bank Group, which is helping...
Latin America and the Caribbean Face a Growth Challenge as Policy Reforms Deliver Stronger Results in Some Economies
Latin America and the Caribbean are expected to experience moderate economic expansion in 2026, but differences in national performance suggest...
AI Adoption in India Trails the United States as South Asia Faces Digital Transformation Challenges
Artificial intelligence is gradually finding its place in businesses across South Asia, but the region continues to lag behind advanced...
Qingdao Port Strengthens Global Connectivity With 16 New International Shipping Routes
QINGDAO, CHINA — Qingdao Port, a major maritime gateway in northeastern China, is expanding its international shipping network to strengthen...
Small AI, Big Opportunities: Can Artificial Intelligence Help Create Jobs for 1.2 Billion Young People?
As 1.2 billion young people in developing economies are expected to reach working age between 2025 and 2035, the World...
World Bank-Supported Water Infrastructure Transforms Agriculture and Rural Livelihoods in Southern Kazakhstan
Modern irrigation networks, improved water management and upgraded canals are helping farmers increase agricultural production, creating employment opportunities and strengthening...
India’s Economic Growth Gets a New AI Push as Private Investment Surges
India is entering a new phase of technology-driven economic expansion, with artificial intelligence increasingly emerging as an important source of...
Global Foreign Investment Climbs to $1.6 Trillion but Gains Remain Uneven
International investment flows strengthened in 2025, with global foreign direct investment reaching approximately $1.6 trillion, according to the latest assessment...
Global Unemployment Holds Near 5% as Labour Markets Show Mixed Signals
The global labour market is expected to remain relatively stable in 2026, with unemployment projected to stay close to 5%...
World Bank Updates Global Governance Indicators With New Country-Level Data
Washington: The World Bank has updated its Worldwide Governance Indicators (WGI) dataset, providing new country-level information on governance across economies...
Guinea-Bissau Prepares for Presidential Election Amid Political Uncertainty
Guinea-Bissau is preparing for a new presidential election as political parties and national institutions work toward another important stage in...
World Bank Approves New Support for Developing Economies Facing Economic and Climate Pressures
Washington: The World Bank is expanding its support for developing economies as countries face a combination of economic uncertainty, infrastructure...
World Bank Updates Global Governance Indicators With New Development Data
Washington: The World Bank has released an updated set of global governance and development indicators, providing researchers, policymakers and institutions...
Egypt Investment Minister Highlights Economic Policies and Investment Priorities
Egypt is continuing efforts to strengthen its investment environment and expand economic opportunities, with the country’s Investment and Foreign Trade...
Bangladesh PM Tarique Rahman Takes Democratic and Economic Agenda to UN Stage
Bangladesh Prime Minister Tarique Rahman has used his first address to the United Nations General Assembly to outline his government's...
Work Experience Can Build Human Capital as Powerfully as Formal Education
Education is widely recognized as a foundation for developing human capital, but new analysis from the World Bank highlights another...
World Bank Group Reports Record Private Capital Mobilization in FY26
The World Bank Group has reported a record year for mobilizing private investment in developing economies, highlighting a major expansion...
