News

Some of the smallest and most vulnerable island nations in the world will benefit from a new initiative aimed at increasing these countries’ access to renewable sources of energy.

This follows the signing in Cancun today of a memorandum of understanding between the Alliance of Small Island States (AOSIS), the Government of Denmark, the World Bank, and the United Nations Development Programme (UNDP).

Read More

Continued philanthropic efforts illustrate commitment to historic preservation and restoration

American Express announced a $100,000 grant to the National Trust for Historic Preservation to support Save Ellis Island, Inc., the non-profit partner of the National Park Service. The grant will allow the National Trust to help Save Ellis Island launch the next phase of an ongoing project aimed toward rehabilitating and re-opening the 29 unrestored buildings on Ellis Island. This effort includes the expansion of Save Ellis Island’s Board of Directors and organizational infrastructure to meet the challenges of the project.

Read More

The Bank of England is today publishing its bi-annual Financial Stability Report. The Report is part of the delivery of the Bank's strategy for its financial stability work, as set out in the Bank's Annual Report 2010. The Report concentrates on the Bank's assessment of conjunctural risks to financial stability.

Read More

Mahmoud Mohieldin, who joined the World Bank Group as Managing Director in October, led a mission to Cairo to discuss strengthening cooperation and partnership with the League of Arab States and concerned ministers in the Egyptian Government within the framework of the World Bank’s Arab World Initiative (AWI). The AWI is an approach to the countries of the Arab League to support economic cooperation and knowledge sharing across the Arab world.

Read More

The World Bank Board of Executive Directors today approved US$25 million for Burundi’s Fourth Economic Reform Support Grant (ERSG IV). ERSG IV is the first in a new series of operations that aim to consolidate many of the reforms that began in the last series (ERSG II and ERSG III).

ERSG IV focuses on two main areas: improving budget credibility, planning, and controls; and strengthening the business environment and performance of the traditional export crop sectors.

Read More