Explanation

World Bank established: July, 1944

World Bank established during: Bretton Woods Conference

World Bank Members: 189

World Bank aim: to provide loans and grants for various projects

World Bank headquarters: Washington, USA

Word Bank Partner institutions: IBRO, IDA, IFC, MIGA, ICSID (total five institutions)

Pakistan joined World Bank: 1950

World Development Report and Human Capital Index are published World Bank. 

Explanation

Global Hunger Index 2024

Edition: 19th

Total countries: 127

Pakistan: 109

Worst ranking: Somalia (127)

Topper: Belarus

Additional Information:

Global Hunger Index 2024 is published by Concern Worldwide, an Irish humanitarian organisation, and Welthungerhilfe, a German aid agency

Explanation

Addressing the women's health gap could potentially boost the global economy by at least $1 trillion annually by 2040

This includes diseases leading to death and poor health conditions.

WEF: World Economic Forum

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Explanation

As per Informa Connect Academy report titled "2024 Trillion Dollar Club", Tesla Motors and SpaceX CEO Elon Musk is most likely to become the world's first trillionaire by 2027.

As per Bloomberg Billionaires Index released on 12 September 2024, Elon Musk is currently the richest person in the world with a net worth of UDS 248 billion. 

Elon Musk belongs to the USA

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Explanation

• Pakistan has the highest rate of urbanization in South Asia
• As the November 2025 World Bank study officially reported at approximately 38.82% to 39.9%, 

Additional information

• Approximately 43 percent of Bhutan's population lives in urban areas, according to 2024 data from the World Bank.

Last updated 06 May 2026

Explanation

The World Bank (International Bank for Reconstruction and Development, IBRD) issued the Amazon Reforestation-Linked Outcome Bond.

The 9-year USD 225 million bond was priced on August 13, 2024, and is due July 31, 2033.

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Explanation

The “world’s largest” plant designed to suck planet-heating pollution out of the atmosphere like a giant vacuum began operating in Iceland.

Opened in May 2024

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Explanation

Corruption Perception Index is released by the Transparency International annually since 1995.

Transparency International is the non-governmental organisation.

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Explanation

In 2024, the Global Climate Pact was signed to address climate change and set targets for reducing greenhouse gas emissions. 

Explanation

The report titled 'Food Waste Index 2024' has been released by UNEP.

 Food Waste Index 2024 provides an update on the scale of food wasted worldwide.

Additional info 

UNEP stands for United Nations Environment Programme, a UN agency with headquarters in Nairobi, Kenya

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