• World Bank Group to Discontinue Doing Business Report? Link
    World Bank Thu 16 Sep 2021 15:06

    WASHINGTON, September 16, 2021—The World Bank Group today issued the following statement on?the Doing Business report:?

    “Trust in the research of the World Bank Group is vital. World Bank Group?research informs the actions of policymakers,?helps countries?make better-informed decisions,?and?allows stakeholders to measure economic and social?improvements more accurately.?Such?research has also been a?valuable tool?for?the private sector,?civil society, academia,?journalists, and others, broadening understanding of global issues.

    After?data irregularities on Doing Business 2018 and 2020 were reported?internally in June 2020, World Bank management?paused?the next Doing Business report and?initiated?a series of?reviews?and?audits?of the report and its methodology. In addition, because the internal reports raised ethical matters, including the conduct of former Board officials as well as current and/or former Bank staff, management reported...

  • RT @DavidMalpassWBG: The Multilateral Leaders Task Force on COVID-19 held a productive meeting with leading vaccine manufacturing companies…
    World Bank Thu 16 Sep 2021 14:11
  • RT @UNOPS: We believe that infrastructure is central to addressing #climatechange & key to climate mitigation & adaptation efforts. With p…
    World Bank Thu 16 Sep 2021 14:11
  • Vaccines are bringing new hope to #Cotedivoire??. @WorldBank is supporting this and other developing countries in accelerating access to doses. But we must work together to stop this pandemic. Link https://t.co/M8DGSGebgB
    World Bank Thu 16 Sep 2021 13:01

    As of August 31, 2021, the World Bank approved operations to support vaccine rollout in 54 countries amounting to $4.6 billion. See the latest project financing, project documents and procurement information in the list below. More information will be shared here as it becomes available. 

    Through this, the World Bank Group is working with partners on the largest vaccination effort in history to stop the COVID-19 pandemic. On April 2, 2020, at the initial COVID-19 response phase, the World Bank’s Board of Executive Directors approved a $6 billion Global COVID-19 Response Program (also called the COVID-19 Strategic Preparedness and Response Program, or SPRP). The program has reached over 100 countries with emergency operations to prevent, detect, and respond to COVID-19 and strengthen systems for public health preparedness. The timing of potential vaccine development was not known when the SPRP was approved, but global vaccine development efforts...

  • Last call for YPP applications @IFC & @MIGA! Apply by September 20 for the Young Professionals Program, and a chance to contribute to our global mission. Go to: Link https://t.co/gItJBPuf8P
    World Bank Thu 16 Sep 2021 10:06

    PROGRAM UPDATE: The World Bank and IFC have merged their respective Young Professionals Programs into one World Bank Group Young Professionals Program (WBG YPP).

    The new program is now accepting applications on behalf of three institutions (the World Bank, IFC and MIGA).  Building on the rich legacy of its predecessor programs, the WBG YPP will recruit and develop future leaders to collaborate effectively across our institutions on joint WBG solutions to development challenges.

    Young Professionals are recruited from around the world, with preference to nationals of WBG member countries and countries of operations. We welcome all qualified individuals from diverse professional, academic, and cultural backgrounds to apply.

  • Internal climate migration could be reduced by as much as 80% if countries start now to: ??reduce GHG emissions ??close development gaps ??restore vital ecosystems ??help people adapt Link #Groundswell https://t.co/ER97eHAkHG
    World Bank Thu 16 Sep 2021 07:00

    People pack up and leave their homes for many reasons – economic, social, political – and these drivers are often interconnected. A more complete picture of patterns of mobility must now include those moving due to climate change – a trend expected to increase over time - as people journey from one part of their countries to another such as:

  • To deliver #Vaccines4All we must: ??Share excess vaccine doses ??Mobilize finance ??Remove trade barriers ??Boost production That’s why the @WorldBank, @IMFNews, @wto & @WHO have come together in a joint task force. Learn more & explore the latest data: Link
    World Bank Thu 16 Sep 2021 04:00

    The International Monetary Fund, World Bank Group, World Health Organization and World Trade Organization have joined forces to accelerate access to COVID-19 vaccines, therapeutics and diagnostics by leveraging multilateral finance and trade solutions, particularly for low- and middle-income countries.

    The aim is to vaccinate at least 40 percent of people in every country by the end of 2021, and at least 60 percent by mid-2022.  The effort will track, coordinate, and advance delivery of COVID-19 vaccines, therapeutics and diagnostics, working with governments and partners at the global and local levels to address finance and trade barriers to ensure that vulnerable populations have access to these life-saving tools. It supports the goals of the ACT-Accelerator and complementary initiatives.

    The Multilateral Leaders Task Force members are mobilizing critical financing, with a focus on grants and concessional lending; helping to...

  • Facing drought & rising temperatures, Chile ?? has a plan to be carbon neutral by investing in clean fuels of the future. Minister @CarolaSchmidtZ joins the #DevelopmentPodcast. ??Web: Link ?Spotify: World Bank Thu 16 Sep 2021 01:00

    On this edition of the Development Podcast from the World Bank Group, Raka Banerjee and Paul Blake examine one of the biggest challenges facing the global community today: Climate Change.

    “ and entire economies will be held hostage to the worst impacts,” says World Bank Manager for Advisory and Operations in the Climate Group, Genevieve Connors.

    First up, Raka reviews what we know about climate change and what’s at stake.

    We then speak to Carolina Schmidt, Chile’s Minister of the Environment, about the threats her country is facing and what her government is doing to address them.

    Finally, we speak to Gen Connors about the World Bank Group’s new agenda on addressing climate adaptation and mitigation over the next decade.

     

     

    Transcript

    Paul Blake:

    Hello and welcome to The Development Podcast coming to you from...

  • RT @SvonFriedeburg: I began my @WorldBank Group career nearly 30 years ago in the Young Professionals Program. It changed my life and has a…
    World Bank Wed 15 Sep 2021 22:40
  • ? A hotel ? An events company ? An artisan start-up 3 business owners in #SriLanka ??, got creative during #COVID19 thanks to digitalization. Link #IFCinsights
    World Bank Wed 15 Sep 2021 22:00
  • RT @worldbankdata: OUT NOW: @WorldBank August #PinkSheet — a monthly report that monitors commodity price movements. ???? Check it out: htt…
    World Bank Wed 15 Sep 2021 21:35
  • RT @WBG_Energy: Under new Climate Change Action Plan, @WorldBank Group will significantly boost support for countries’ #NDCs, long term str…
    World Bank Wed 15 Sep 2021 21:35
  • RT @WBG_Climate: Coastal degradation is estimated at $3.8 billion per year or 5.3% of the GDP of four #WestAfrican countries. How can we be…
    World Bank Wed 15 Sep 2021 21:35
  • How can countries design policies to better address women traders’ needs? ?Improving access to trade information ???Strengthening the system for electronic payments ?Reviewing opening hours of ports/border agencies. Link
    World Bank Wed 15 Sep 2021 16:05

    The expansion of international trade can help address critical development challenges in the Pacific Islands and Timor-Leste – such as distance from major markets, dispersed populations and vulnerability to climate-related disasters – but the benefits of trade facilitation often impact men and women differently.

    The World Bank Group has completed research to identify the specific challenges men and women traders face. Over 1,500 cross-border trading firms were surveyed in Fiji, Papua New Guinea, Samoa, Timor-Leste, and Vanuatu.

  • RT @WBG_Poverty: For @WorldBankAfrica's @ousmane_diagana, #digital transformation means: 1?? Closing the digital divide 2?? Building digi…
    World Bank Wed 15 Sep 2021 14:55
  • RT @WorldBankNepal: The Government of #Nepal & the World Bank signed two additional financing agreements of $50 million each today to suppo…
    World Bank Wed 15 Sep 2021 14:55
  • RT @IFC_org: Uzbekistan ?? is taking bold steps to reform its economy: ?Privatizing state-owned banks ?Modernizing agriculture ?Building…
    World Bank Wed 15 Sep 2021 14:55
  • Climate change could drive ______ million people to migrate within their own countries by 2050. Link #Groundswell
    World Bank Wed 15 Sep 2021 14:15

    The report “Groundswell: Acting on Internal Climate Migration” projects that climate change could drive 216 million people to migrate within their own countries by 2050. Hotspots of internal migration could emerge as soon as 2030, spreading and intensifying thereafter. Immediate and concerted action to reduce global emissions and efforts to support green, inclusive, and resilient development could however reduce the scale of climate migration by as much as 80%.

  • RT @Mari_Pangestu: Over 3 billion people depend on marine #biodiversity for jobs – but 90% of global marine #fish stocks are now fully expl…
    World Bank Wed 15 Sep 2021 14:05
  • Biodiversity and ecosystem services loss is a development issue, and nature-smart policies are key to the world’s resilient recovery. Learn more in the blog by @Mari_Pangestu on our work #ForNature: Link #InvestInNature
    World Bank Wed 15 Sep 2021 13:05
    Over 3 billion people depend on marine and coastal biodiversity for their protein intake and livelihoods – but 90% of global marine fish stocks are now fully exploited or overfished.   More than 75% of food crops rely on animal pollination – but over 40% of known insect species have declined in past decades.
  • #SriLanka’s Test, Trace, Treat strategy is #ChangingLives. Learn how: Link https://t.co/rfLra87ajN
    World Bank Wed 15 Sep 2021 10:04

    Ground Experiences from around the Island  

    Sri Lanka’s extensive network of public healthcare workers has been the underlying force behind the country’s pandemic response. This series of articles, beginning with the Puttalam District, aims to capture the ground realities of pandemic management, from the perspectives of public health workers around the country.

    The Pandemic in Puttalam

    “COVID 19 came to Puttalam before it reached other parts of the island,” says Consultant Community Physician Dr. Thushani Dabrera, focal point for Puttalam’s COVID 19 response strategy.

    Having worked as an epidemiologist in Puttalam since 2007, Dr. Dabrera knew the district well. She knew its people, its geography, its unique customs, and most importantly it’s public healthcare network. “Puttalam has had a somewhat different experience with the pandemic, due to certain unique risk factors in this region,” says Dr. Dabrera, adding, “to cope, our...

  • How effective is the global rollout of vaccines? ? The #COVID19 Task Force is compiling the latest data from the @WorldBank, @IMFNews, @WTO & @WHO to support transparent and efficient distribution. ? Check it out here: Link https://t.co/fkUiO0as8z
    World Bank Wed 15 Sep 2021 07:04

    The International Monetary Fund, World Bank Group, World Health Organization and World Trade Organization have joined forces to accelerate access to COVID-19 vaccines, therapeutics and diagnostics by leveraging multilateral finance and trade solutions, particularly for low- and middle-income countries.

    The aim is to vaccinate at least 40 percent of people in every country by the end of 2021, and at least 60 percent by mid-2022.  The effort will track, coordinate, and advance delivery of COVID-19 vaccines, therapeutics and diagnostics, working with governments and partners at the global and local levels to address finance and trade barriers to ensure that vulnerable populations have access to these life-saving tools. It supports the goals of the ACT-Accelerator and complementary initiatives.

    The Multilateral Leaders Task Force members are mobilizing critical financing, with a focus on grants and concessional lending; helping to...

  • Inequalities in digital access limit use of technologies to build #HumanCapital in #OneSouth Asia. ? Join our Sept. 16 chat how countries can work together to bridge digital divide: Link https://t.co/THlTDFh3I4
    World Bank Wed 15 Sep 2021 04:04
  • The Sahel is a land of opportunities, with a dynamic and young population. Take a virtual trip through the region, and hear from farmers, pastoralists, government officials, religious leaders, and others working to build a #ResilientSahel. Link https://t.co/ZoDCkceT5O
    World Bank Wed 15 Sep 2021 01:04
  • The pandemic led to 97M more poor people in 2020. This year, low-income countries are expected to see further increases in poverty. What kinds of economic policies can help change these numbers? Learn more ahead of our Annual Meetings. Link
    World Bank Tue 14 Sep 2021 22:04

    More than a year into the pandemic, there is still much we don’t know concerning its impact on global poverty. Though high-frequency phone surveys have helped gain a broad understanding of the economic consequences of the pandemic, the collection of detailed, household surveys needed to understand its impact on poverty has largely been put on hold. While awaiting household surveys, we continue our previous approach of trying to understand the poverty consequences of the pandemic by extrapolating the income and consumption from past household surveys using national accounts growth forecasts. Simple as it is, this method generally outperforms more complicated methods in nowcasting poverty.

    During 2020, as the pandemic spread around the globe and growth forecasts deteriorated, we gradually increased our estimate of the impact of the pandemic on global poverty. To recall, COVID-19-induced poverty is calculated as the difference in poverty in a world with and without...

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