May 4, 2018 · China proposed the Belt and Road Initiative (BRI) in 2013 to improve connectivity and cooperation on a transcontinental scale. Quantifying the impacts of the initiative is a major challenge, which is why the World Bank Group has produced empirical research and economic models that assess the opportunities and risks of BRI projects.

Main Findings. Summary: Belt and Road transport corridors have the potential to substantially improve trade, foreign investment, and living conditions for citizens in its participating countries—but only if China and corridor economies adopt deeper policy reforms that increase transparency, expand trade, improve debt sustainability, and mitigate environmental, social, and corruption risks.

WASHINGTON, March 28, 2025—The World Bank’s Board of Executive Directors today approved a financing package of $150 million for Nepal’s Third Bridges Improvement and Maintenance Program (BIMP-III) to strengthen the resilience of bridges in the Strategic Road Network, ensuring safer and uninterrupted connectivity across the country’s diverse and challenging terrain.

YANGON, December 11, 2024 —Natural disasters, ongoing conflict, and widespread shortages of basic commodities have hit Myanmar's economy hard, while the economic outlook remains bleak.

Oct 17, 2024 · The transport sector is essential to reducing poverty and building prosperity: transport gives access to jobs, education and healthcare; it connects goods and services to markets and is a key driver of growth; finally, lowering the carbon footprint of the sector is crucial to tackle climate change. The World Bank works with client countries to provide safe, clean and affordable transport for all.

Sep 12, 2022 · The International Development Association (IDA) is one of the largest and most effective platforms for fighting extreme poverty in the world’s poorest countries.

WASHINGTON, February 18, 2025 – Reconstruction and recovery needs in Gaza are estimated to require $53 billion, according to the Gaza & West Bank Interim Rapid Damage and Needs Assessment (IRDNA) released today.

Dec 17, 2024 · After several years of multiple, continuous shocks, the global economy is finally showing signs of stabilizing. Despite the grimmest predictions, the world managed to avoid a global recession this year.

Research within this pillar aimed to identify the global impacts of reforms that appear to be a particularly high priority and to generate new research that can provide guidance on the policy reforms needed to achieve the goal of ending extreme poverty. The Role of …

Aug 25, 2014 · These include helping define the core road network, prioritizing road selection through a fair and transparent process, ensuring mandatory provision for peoples’ participation, introducing environmental standards and management principles for maintenance, and providing exposure to good global practices. Rural roads projects