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World Bank’s SOFR Index-Linked Floating Rate Bond Draws Diverse Investor Demand
WASHINGTON – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 1.25 billion Sustainable Development Bond linked to the Secured Overnight Financing Rate (SOFR) Index maturing on…
World Bank Group Announces Next Phase of Support for People of Afghanistan
WASHINGTON —The World Bank Board of Executive Directors today endorsed an adjusted approach to support the people of Afghanistan. “Approach 3.0” will deploy funds from the International Development Association (IDA) through grants to United…
Cambodia Can Go from Spending More to Spending Better, Public Expenditure Review Finds
PHNOM PENH — Cambodia can do more to translate increased public spending on social services sectors into stronger health and education outcomes, a World Bank review of public expenditure released today says.
As a result of improved…
Lebanon: New World Bank Project to Restore Basic Fiscal Management Functions in Support of Public…
Beirut – The World Bank Group’s Board of Executive Directors approved yesterday a US$34 million project to help Lebanon restore core fiscal management functions of the public administration to support domestic revenue mobilization and the…
Updated Ukraine Recovery and Reconstruction Needs Assessment Released
KYIV —After almost two years of Russia’s full-scale invasion of Ukraine, an updated joint Rapid Damage and Needs Assessment (RDNA3) released today by the Government of Ukraine, the World Bank Group, the European Commission, and the United…
World Bank Boosts Climate and Community Resilience in the Senegal River Valley
The World Bank Board of Directors today approved a significant initiative aimed at addressing urgent challenges in the Senegal River Valley (SRV), an area vital for local economies and residents that is increasingly at risk due to…
The World Bank Group Announces New Country Partnership Framework with Colombia
The World Bank Group Board of Directors approved the 2024-2027 Country Partnership Framework (CPF) for Colombia today. This new strategic alliance, which will guide the World Bank Group work program over the next four years, details the…
Strong International Demand for World Bank’s Australian Dollar Offering Leads to Record AUD 1.3…
WASHINGTON – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a reopening of its 4.40% Australian Dollar Sustainable Development Bond due January 13, 2028, bringing the total size of the bond to…
World Bank’s 10-Year EUR Sustainable Development Bond Attracts Strong Demand from Diverse Investors
WASHINGTON – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 10-year euro-denominated benchmark bond maturing in February 2034, raising EUR 3 billion.
The transaction attracted over…
World Bank Vice President Visits Maldives, Offers Support for Urgent Fiscal Reforms
MALE – World Bank Vice President for South Asia, Martin Raiser, today concluded his four-day visit to the Maldives. During this visit, he reaffirmed the World Bank’s support for the country’s development agenda that builds on more than…