World Bank Group


Financial position of the World Bank Group entities show strength

World Bank Group commitments to help countries improve living standards and achieve better development outcomes were $59.5 billion in fiscal year 2019.

Mini-grids offer utilities a win-win solution

The rise of mini grids is helping close the energy access gap as opposed to waiting for main grid extension, which often takes longer due to costs involved.
energy storage

Coalition to accelerate energy storage adoption in developing countries

The World Bank and 29 organisations will work together to help develop energy storage solutions designed for developing countries.
generation licence

Funds approved for West African off-grid project

The board of the World Bank Group approved a series of funding for the Regional Off-Grid Electrification Project for selected countries in West Africa and the Sahel region.
SB Energy

UK gov augment funding for African energy projects

The UK Minister for Africa, Harriett Baldwin, has announced new funding to give more people and companies across Africa access to affordable, clean energy.
hydrogen offshore wind

New programme to fast-track adoption of offshore wind energy

The World Bank Group has announced a new programme that will be focused on fast-tracking the adoption of offshore wind energy in developing countries.
G20 countries: Stimulus packages support legacy energy systems

Global financiers fleeing the coal sector, finds report

According to the Energy Economics and Financial Analysis, global capital is fleeing the coal sector at an electrifying rate.
energy storage

Eskom embraces distributed battery energy storage

Eskom has embarked on a process for the large-scale deployment of distributed battery energy storage over the next three years.
Sierra Leone’s macroeconomic situation

Libya turns to World Bank for help on economic growth strategy

The World Bank Group announced a new support strategy for Libya focused on restoring key services to citizens and promoting economic recovery.
climate action

World Bank to mobilise $50bn for climate change adaptation

The World Bank launched its Action Plan on Climate Change Adaptation and Resilience, with plans to mobilise $50 billion over FY21–25 to curb climate change.

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