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With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The number of people without access to water is growing in Sub-Saharan Africa. It is the only region of the world where this is happening. About 387 million people lived without access to basic drinking water services in Sub-Saharan Africa in 2020, up from 350 million people in 2000, according to a WHO/ UNICEF progress report.
Member countries govern the World Bank Group through the Boards of Governors and the Boards of Executive Directors. These bodies make all major decisions for the organizations. To become a member of the Bank, under the IBRD Articles of Agreement, a country must first join the International Monetary Fund (IMF). Membership in IDA, IFC and MIGA ...
Mar 12, 2024 · Cameroon is a lower-middle-income country with a population of over 27.9 million (2022). Located along the Atlantic Ocean, it shares its borders with the Central African Republic, Chad, Equatorial Guinea, Gabon, and Nigeria. Two of its border regions with Nigeria (northwest and southwest) are Anglophone, while the rest of the country is ...
With a debt-to-GDP ratio of 54.5, Liberia is assessed to be at moderate risk of external debt distress and high risk of overall debt distress. Liberia's current account deficit remained high in 2023, despite increased gold exports. The country’s current account deficit increased to 24.4% of GDP, up from 17.7% in 2022.
May 9, 2024 · The World Bank, the International Monetary Fund (IMF) and other multilateral, bilateral and commercial creditors began the Heavily Indebted Poor Countries (HIPC) Initiative in 1996. The program was designed to ensure that the poorest countries in the world are not overwhelmed by unmanageable or unsustainable debt burdens.
Alfred Kammer, Director of the IMF European Department, spoke at the House of the Euro, focusing on Europe's resilience and the path to sustainable growth. He highlights the need for an integrated, green, and inclusive growth model and outlines strategic reforms to revitalize Europe’s economy in response to recent geopolitical and economic ...
