The Full Mutual Reliance Framework (FMRF) is a landmark collaboration between the World Bank and the Asian Development Bank, designed to deepen the two institutions’ collaboration on cofinanced public ...

The World Bank is reconsidering its ban on financing upstream projects amid a push to bolster the power sector. The World Bank's board lifted its ban on nuclear power financing on Tuesday and is ...

WASHINGTON, May 15, 2025—The World Bank Board of Executive Directors today approved a $350 million grant from the International Development Association (IDA)* to support Malawi’s Mpatamanga Hydropower ...

WASHINGTON, June 11 (Reuters) - The World Bank's board has agreed to end a longstanding ban on funding nuclear energy projects in developing countries as part of a broader push to meet rising ...

The World Bank recently approved an initial $250 million in financing for the controversial Inga 3 mega dam project in the Democratic Republic of Congo, a move that worries civil society organizations ...

The decision, a major reversal, could help poorer nations industrialize, cut planet-warming emissions and boost U.S. competitiveness on next-generation reactors. By Max Bearak The world’s largest and ...

As a growing number of countries look to strengthen their domestic energy production, meet baseload power generation needs, and manage low-carbon climate goals, they’re increasingly looking to nuclear ...

MANILA, PHILIPPINES, December 4, 2025 — World Bank Group President Ajay Banga and Asian Development Bank (ADB) President Masato Kanda today announced the first two Pacific projects to be delivered ...

The World Bank is ending its long-standing ban on providing funding for nuclear energy projects - and will be open to supporting efforts to extend the life of existing reactors and accelerate the ...

The World Bank and other multilateral development banks recently have begun reconsidering their self-imposed restrictions on financing fossil fuel projects. This change is being prompted in part by ...