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.
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.
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?
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.
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.
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.
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.