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World Bank and Qatar Fund Join Forces for Development

1/29/2026

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Summary

Story summary

On January 25, 2026, the World Bank Group (WBG) and the Qatar Fund for Development (QFFD) signed a Memorandum of Understanding.
The signing occurred at the inauguration of WBG's Doha office.
World Bank Group President Ajay Banga and QFFD Chairperson Sheikh Thani bin Hamad Al-Thani attended.
Initiatives include expanding electricity access for 300 million in Sub-Saharan Africa and improving livelihoods for 250 million smallholder farmers.

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Story summary

On January 25, 2026, the World Bank Group (WBG) and the Qatar Fund for Development (QFFD) signed a Memorandum of Understanding.
The signing occurred at the inauguration of WBG's Doha office.
World Bank Group President Ajay Banga and QFFD Chairperson Sheikh Thani bin Hamad Al-Thani attended.
Initiatives include expanding electricity access for 300 million in Sub-Saharan Africa and improving livelihoods for 250 million smallholder farmers.