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World Bank

The World Bank serves as an international financial institution granting loans to developing countries. The recipients have to pledge structural reforms in return.

The World Bank's official objective No. 1 is to reduce poverty. This page collates recent DW content on the lender's activities.

Trash is cash in a small Indonesian village 19.08.2019

Global waste will increase seventy-percent by 2050 unless urgent action is taken, says the World Bank. The East Asia and Pacific region is currently responsible for generating around a quarter of all waste worldwide. In Indonesia - a major waste contributor - one village is turning trash into cash.
Kristalina Georgiewa

EU picks Bulgaria's Kristalina Georgieva to head IMF 02.08.2019

EU ministers meeting in Paris have selected Bulgaria's Kristalina Georgieva as the bloc's candidate to head the International Monetary Fund. The fractious vote revealed further divisions within the European Union.
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DW Business - Africa 01.08.2019

Dollar rallies after Fed dampens rate-cut outlook, Firms brace as British PM threatens no-deal Brexit, IMF & World Bank meeting in Ghana
Washington IWF Logo Symbolbild

EU to choose candidate to lead the International Monetary Fund (IMF) 26.07.2019

EU governments are trying to agree on one European candidate to succeed Christine Lagarde at the helm of the IMF, a French official said. The global monetary body wants to select a new leader by October.
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DW Business – Europe 25.07.2019

German business warns UK's new PM - Interest rates under pressure from Turkish president - Afghan children working instead of going to school

Afghan children working instead of going to school 25.07.2019

More than half of Afghans live on less than a dollar a day. Billions of dollars of aid has ended up in the hands of corrupt warlords. Poverty is so widespread that many families are putting their children to work.
USA Finanzmärkte Geschichte Bretton Woods Abkommen 1944

Bretton Woods at 75: Has the system reached its limits? 22.07.2019

Seventy-five years ago, the Bretton Woods conference laid the foundations for much of today's global economic order. But the system is facing a serious threat from growing nationalism and protectionism worldwide.
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DW Business Africa 10.07.2019

Sudan is back online - Electricity supply is too low in sub-Saharan Africa - Kenya 'climate academies' help coffee growers

Symbolbild: Computertechnologie und digitales Afrika

The 77 Percent —Digitalization in Africa 18.06.2019

From mobile money transactions to start-ups digitalization is making an impact in Africa. The Africa Union plans to have all people, governments and businesses connected by 2030. But how realistic is this when the World Bank says only 24% of the people are using the internet?

Kenya is going massively into debt to pay for its infrastructure 14.06.2019

Kenya needs infrastructure and that costs money it doesn't have. So the country is going heavily into debt to the Chinese and now to the World Bank.

African economies boosting internet connectivity with fiber technology 12.06.2019

As the Internet connectivity deepens across the world, Africa is catching up with fiber optic technology. The World Bank estimates that only one out of five Africans can access the internet which highlights both a challenge and an opportunity for investment. Global tech giants such as Google and Huawei have recently invested in Africa to get more people connected but rates remain high.
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DW Business – Europe 05.06.2019

ECB to decide on Italian budget - China issues US travel warning - Worldbank slashes global growth forecast
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DW Business Africa 03.05.2019

Liberia targets illegal fishing off African coast - World Bank boosting funding to Africa - EU seeks to expand economic ties to Morocco

Türkei Weltfrauentag in Istanbul - Protest

World Bank urges financial inclusion as growth falters in Europe and Central Asia 15.04.2019

The economic outlook for the 23 countries that make up the World Bank's Europe and Central Asia unit is gloomy. To improve things, the unit's chief economist Asli Demirguc-Kunt suggests a push for financial inclusion.

Lagos: world's largest oil refinery project backed by World Bank 12.04.2019

West Africa correspondent Fanny Facsar talks to DW about the world's largest refinery project in Lagos, Nigeria. Behind it is Africa's wealthiest man, Aliko Dangote. But the World Bank is also supporting it - despite pledging to heavily reduce investment in fossil fuel projects. And analysts warn that most work opportunities for local people will vanish once construction work is complete.

Nigeria: World Bank helps finance controversial fossil fuel project 12.04.2019

Aliko Dangote, Africa's richest man wants to make Nigeria independent of oil imports. But the oil refinery he wants to finish in 2020 raises questions about sustainability. The World Bank's IFC gave Dangote a loan, though the UN organization promised to end financial support for oil and gas beyond 2019.
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