World Bank Group

World Bank Group Announces $200 billion over Five Years for Climate Action

The World Bank Group today announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action.

Growth in Gulf Countries to Rebound in 2018-2019

A sustained increase in oil prices over the past two years has driven an economic recovery in the Gulf Cooperation Council (GCC) countries, but government-led reforms need to continue to keep up the momentum, according to the World Bank’s biannual Gulf Economic Monitor released on Tuesday in Riyadh.