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The 2023 World Bank Group-IMF Annual Meetings took place from October 9-15 in Marrakech, Morocco, and unveiled the Bank’s bold new vision: creating a world free of poverty on a livable planet. Events and discussions highlighted this new mission, highlighting an expansion in financial capacity, stronger partnerships, deeper engagement with the private sector, and finding more efficient processes. In this special edition episode of The Development Podcast, we draw on some of the highlights from that week and share more about the institution’s new mission and vision. Listen on to hear from:...

THE Philippines is poised to sign 20 loans totaling $5.677 billion with the World Bank Group, the Department of Finance (DoF) said on Wednesday.

Role of the Financial Institutions The African Development Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, the Council of Europe Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Inter-American Development Bank, the Islamic Development Bank, and the New Development Bank joined the World Bank in the collaboration agreement.

Unprecedented challenges demand urgent action and innovative solutions. The World Bank’s new vision and playbook for development were unveiled at the 2023’ Annual Meetings in Marrakech.

Developing countries are urging the World Bank to change its practices, since there is no let-up between harmful events