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23. For the 2026 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank
Atlas method, of $1,135 or less in 2024; lower middle-income economies are those with a GNI per capita between $1,136
and $4,495; upper middle-income economies are those with a GNI per capita between $4,496 and $13,935: World Bank.
(n.d.). World Bank Country and Lending Groups. https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-
world-bank-country-and-lending-groups .
24. Inter-American Development Bank (IDB). (2025). Paraguay to Improve Rural Access to Services and Productive Markets with
IDB Support. https://www.iadb.org/en/news/paraguay-improve-rural-access-services-and-productive-markets-idb-support.
25. European Bank for Reconstruction and Development (EBRD). (2024). Go Digital in Western Balkans. https://www.ebrd.com/
home/what-we-do/focus-areas/digitalisation/go-digital-in-western-balkans.html.
26. World Bank. (2023, 12 October). Creating Digital Public Infrastructure for Empowerment, Inclusion and Resilience.
https://www.worldbank.org/en/results/2023/10/12/creating-digital-public-infrastructure-for-empowerment-inclusion-and-
resilience?utm_.
27. Inter-American Development Bank (IDB). (2025, 1 July). IDB and World Bank Launch New Amazonia Bond Issuance
Program. https://www.iadb.org/en/news/idb-and-world-bank-launch-new-amazonia-bond-issuance-program.
28. Islamic Development Bank (IsDB). (2024). Issues Another Successful Green Sukuk Under Enhanced Sustainable Finance
Framework. https://www.isdb.org/news.
29. European Bank for Reconstruction and Development (EBRD). (2025). Public-Private Partnerships and Concessions.
https://www.ebrd.com/home/what-we-do/policy-and-business-advice/legal-reform/infrastructure-and-natural-resources/
public-private-partnerships-and-concessions.html.
30. World Bank. (2021). Climate Change Action Plan 2021–2025: Supporting Green, Resilient and Inclusive Development.
https://openknowledge.worldbank.org/entities/publication/ee8a5cd7-ed72-542d-918b-d72e07f96c79 .
31. World Bank. (2025, 10 April). Digital Safeguards. https://www.worldbank.org/en/topic/digital/brief/digital-safeguards.
32. World Economic Forum. (2025). Global Risks Report 2025. https://www.weforum.org/reports/global-risks-report-2025
33. United Nations. (2025). FFD4 Sevilla Commitment. https://www.un.org/ffd4.
34. United Nations. (2025). World Leaders Adopt Wide-Ranging Blueprint to Close Development Finance Gap and Conference
Opens in Sevilla. https://press.un.org/en/2025/dev3464.doc.htm.
35. World Bank Group. (2025). Guarantee Platform Overview. https://www.worldbank.org/en/topic/guarantees.
36. Reuters. (2024). World Bank Group Kicks Off $20 Billion Annual Guarantee Push. https://www.reuters.com/business/
finance/world-bank-group-kicks-off-20-bln-annual-guarantee-push-2024-07-01/.
37. World Bank Group. (2025). Guarantee Platform Overview. https://www.worldbank.org/en/topic/guarantees.
38. European Fund for Sustainable Development Plus (EFSD+). (2025). Programme Overview. https://international-
partnerships.ec.europa.eu/funding-and-technical-assistance/funding-instruments/european-fund-sustainable-
development-plus_en.
39. Inter-American Development Bank (IDB) and African Development Bank (AfDB). (2025). Sign $3.2 Billion Risk-Sharing
Agreement to Expand Lending Capacity. https://www.iadb.org/en/news/idb-and-afdb-sign-32-billion-risk-sharing-
agreement-expand-lending-capacity.
40. Inter-American Development Bank (IDB) and OPEC Fund for International Development. (2024). Sign Benchmark Exposure
Exchange Agreement. https://www.iadb.org/en/news/idb-and-opec-fund-sign-benchmark-exposure-exchange-agreement.
41. Multilateral Investment Guarantee Agency (MIGA). (2025). Morocco’s Global Trade Ambition. https://www.miga.org/sites/
default/files/2025-03/Morocco%27s%20Global%20Trade%20Ambition.pdf.
42. International Monetary Fund (IMF). (2025). World Economic Outlook: Chapter 1. https://www.imf.org/en/Publications/WEO.
43. European Commission, EDFI Management Company and TCX. (2025). Landmark Global Gateway Partnership Unveiled to
Unlock up to €2 Billion for Local Currency Financing in EU Partner Countries. https://edfimc.eu/landmark-global-gateway-
partnership-unveiled-to-unlock-up-to-e2-billion-for-local-currency-financing-in-eu-partner-countries/.
44. Ibid.
45. International Telecommunication Union (ITU). (2025). Report on the US$2.6–2.8 Trillion Cost to Connect Everyone
Meaningfully by 2030. https://www.itu.int/en/mediacentre.
46. International Telecommunication Union (ITU). (2024). Internet Use in Urban and Rural Areas. https://www.itu.int/itu-d/
reports/statistics/2024/11/10/ff24-internet-use-in-urban-and-rural-areas/.
47. World Economic Forum. (2025). Future of Jobs Report 2025. https://www.weforum.org/publications/the-future-of-jobs-
report-2025/.
48. Ibid.
49. National Payments Corporation of India (NPCI). (2025). UPI Product Statistics. https://www.npci.org.in/product/upi/
product-statistics.
50. Economic Times. (2025). UPI Crosses 20 Billion Transactions in August. https://economictimes.indiatimes.com/
industry/banking/finance/banking/upi-crosses-20-billion-transactions-in-august-records-24-85-lakh-crore-value/
articleshow/123633627.cms?from=mdr .
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