https://www.worldbank.org/en/news/immersive-story/2024/12/17/2024-in-nin...
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.
However, while advanced economies have largely recovered, developing countries have yet to catch up. Low-income countries risk being left even further behind.
The World Bank Group stands with countries to support these efforts. This is where our heart lies: helping nations emerge from less fortunate circumstances to enable people to reach their full potential. Our mission demands unwavering endurance—an insatiable will to keep pushing forward through time, setbacks, and challenges.
In 2024, we announced new targets and initiatives, including M300, our goal to deliver electricity to 300 million Africans by 2030 with the African Development Bank. We also committed to scale up social protection programs for 500 million people, support countries in delivering quality, affordable health services to 1.5 billion people by 2030, and launch an ecosystem approach for agribusiness. Other steps include new financial instruments to increase lending capacity, a new World Bank Group Guarantee Platform to boost our annual guarantee issuance to $20 billion by 2030, and a new World Bank Group Corporate Scorecard, a cornerstone of our efforts for greater efficiency, impact, and results. And to close the year, we achieved a robust IDA replenishment, which will enable life-changing investments for hundreds of millions of people in the poorest countries.
This is the way of the future to help us best address today’s development challenges and those of tomorrow.
