world bank

Samoan people

World Bank’s Financial Lifeline for Pacific Islands

Posted on 24 July 2024

The World Bank, with backing from the United States and Australia, is preparing a crucial financial lifeline for Pacific Island nations. This initiative comes as Western banks withdraw from the…
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Poverty

World Bank Report Highlights Economic Disparities in IDA Countries

Posted on 22 April 2024

In a sobering assessment of global economic disparities, the World Bank’s latest report reveals a concerning trend among the world’s most vulnerable nations. The study, titled “The Great Reversal: Prospects,…
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Australia and New Zealand extend Pacific commitment through increased World Bank funding

Posted on 11 May 2023

Australian and New Zealand governments have together committed US$ 90 million to the PNG and the Pacific Islands Umbrella Facility (PPIUF), which will support World Bank initiatives across the Pacific region.
 
The…
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World Bank opens office in Northern Pacific

Posted on 05 April 2023

The World Bank has recently established a new office in the Federated States of Micronesia island Pohnpei.
 
The World Bank has significantly increased its presence in the North Pacific in the last six…
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