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 ...

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 ...

MANILA, Dec 4 (Reuters) - The Asian Development Bank and the World Bank on Thursday launched two Pacific islands projects under a first-of-its-kind cofinancing model that aims to streamline processes ...

The World Bank is considering securitizing some of the projects it’s backing to attract more private funding as it prepares to roll out a series of debt-for-development swaps, President Ajay Banga ...

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 ...