New Mechanism for Mitigating Currency Risk to Support Africa’s Energy Transition

This report investigates and develops the functional underpinnings for the concept originating from the African Development Bank (AfDB) of an innovative currency convertibility mechanism that leveragesthe natural resource endowments of African countries.

Global Economic Prospects

Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development. Emerging market and developing economies are set to enter the second quarter of the 21st century with per capita incomes on […]

International Debt Report 2024

The International Debt Report (IDR) is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for the low- and middle-income countries that report to the World Bank Debtor Reporting System (DRS). For five decades the IDR, along with the associated International Debt Statistics (IDS) database, has helped shape policies in […]

Decent Work in Nature-based Solutions 2024

People in a Changing Climate: From Vulnerability to Action – Insights from World Bank Group Country Climate and Development Reports covering 72 economies

This report is structured into three main parts, covering both new content and confirming key conclusions of the first two summary reports. First, it summarizes CCDR findings on the impacts of climate change on people and explores how putting people at the core of climate-development policies enhances their effectiveness and generates larger benefits. Next, it […]

U.S. African Development Foundation (USADF) Off-grid Energy Challenge Open for Grant Applications

The U.S. African Development Foundation (USADF) Off-grid Energy Challenge is open for funding applications to support off-grid energy. Proposals are invited from eligible African off-grid energy companies. Selected enterprises will receive funding in the form of grant capital of up to $250,000. EligibilityTo be considered for the Challenge, applicants must: How to Apply For more […]

Guinea-Bissau Country Climate and Development Report

Guinea-Bissau is endowed with a wealth of natural resources, having the highest natural capital per capita in West Africa, which could be leveraged for sustainable and resilient growth. However, the country still faces significant development hurdles, such as high poverty rates, political instability, and economic challenges, including an over-reliance on cashew nuts. Rural poverty has […]

Climate Finance Report 2024

The OPEC Climate Finance Report highlights the Fund’s key achievements, strategies, and insights, showcasing our commitment to building climate resilience and promoting sustainable development globally.