WASHINGTON, April 2, 2024—Growth in South Asia is expected to be strong at 6.0% in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka. But persistent structural challenges threaten to undermine sustained growth, hindering the region’s ability to create jobs and respond to climate shocks, says the World Bank in its twice-a-year regional outlook.
Continue readingMONDAY MAY 13th at 14:00-17:00 CEST in Ahoy Rotterdam
IN-PERSON EVENT
Together with the World Bank and Invest International, the Government of the Netherlands is hosting a Finance Forum during the World Hydrogen Summit 2024 to address the challenges and solutions in the development and financing of Green Hydrogen projects in emerging markets and developing countries.
Are you an entrepreneur wanting to learn more about international financing for green hydrogen initiatives? At the upcoming Finance Forum you’ll learn what it takes to make these projects possible.
The Finance Forum will be opened by Michel Heijdra, Vice Minister for Climate and Energy at the Ministry of Economic Affairs of the Netherlands. The Forum offers two panel sessions with prominent figures within the industry to offer perspectives on the latest advancements and prerequisites necessary to secure funding for Green Hydrogen projects in emerging markets and developing countries. A new 10 GW lighthouse initiative will be presented by the World Bank. At the end of the forum there will be networking opportunities with leading global actors in the field at the NL Pavilion.
With panel speakers of: Port of Rotterdam, Hyphen Hydrogen Energy, Masdar, ING Bank, Climate Fund Managers, African Development Bank, Inter-American Development Bank, H2 Global Foundation and the European Commission.
If you are interested in attending this forum, please register free of charge through the following link: Registration | Finance Day – World Bank (momice.events). Spaces are limited, as such it is highly recommended to register as soon as possible.
More details surrounding the event and the program can be found on the website: Home | Finance Day – World Bank (momice.events).
Kindly note that in order to visit the finance forum at the World Hydrogen Summit, you must also obtain a free Exhibition Visitors pass. This can be done via the official website of the WHS via Registration – World Hydrogen Summit 2024 (world-hydrogen-summit.com).
If you have any questions about this event, please contact Vivian Vriends: tio@rvo.nl.
We look forward to your participation.
The world is facing a set of intertwined challenges: climate crisis, debt, food insecurity, pandemics, and fragility; and a need to accelerate access to clean air, water, and energy. Time is of the essence.
We need a better Bank to address these challenges – but also a better Bank for the challenges of tomorrow.
The G20 Leaders challenged the World Bank Group to change and be a more significant part of the solution – with the ambition for speed, simplicity, better leveraging our balance sheet, and engaging partners and the private sector. We are in the process of implementing their recommendations.
We are building a faster, quicker Bank. We want to become a better partner to governments, the private sector, and, ultimately, the people we serve.
From the COVID-19 pandemic to advanced-economy interest-rate hikes, developments over the last few years have left many developing economies struggling to repay their debts. But the problem might be even bigger than the world realizes, as many sovereign debts are hidden, undisclosed, or opaque. This prevents policy makers and investors from making informed decisions.
Continue readingDamages to Physical Structures Estimated at $18.5 billion as of end January
WASHINGTON, April 2, 2024 – The cost of damage to critical infrastructure in Gaza is estimated at around $18.5 billion according to a new report released today by the World Bank and the United Nations, with financial support of the European Union. That is equivalent to 97% of the combined GDP of the West Bank and Gaza in 2022.
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Global poverty estimates were updated today on the Poverty and Inequality Platform (PIP).As explained in more detail in the What’s New document, more than 100 new surveys were added to the PIP database, bringing the total number of surveys to more than 2,300. With more recent survey data, this March 2024 PIP update is the first to report a global poverty number for 2020-2022, the period of the COVID-19 pandemic. We estimate that COVID-19 increased extreme poverty in the world, as measured by the international poverty line of $2.15, from 8.9 percent in 2019 to 9.7 percent in 2020 (see Figure 1). This is the first increase in global poverty in decades. It is in line with earlier estimates of the COVID-19 impact which used limited survey data and GDP growth projections.
Continue readingHealth care is an investment, not an expense. Affordable accessible health care can unlock human capital and economic dividends for countries.
Today, over half of the world’s population―around 4.5 billion people―lack access to essential health services. And two billion people face financial hardships due to health-related expenses. This is compounded by a range of growing risks such as climate change, pandemics, fragility, and conflict.
Watch this event to learn how the World Bank is working closely with countries and partners to address these challenges and help ensure more people across the world have greater access to high quality and affordable health care.
Artificial intelligence (AI) and other digital technologies have piqued global excitement with their promise to drive economic growth and opportunity, unlock scientific breakthroughs, and build better services. But as we race to close the global digital divide, we must also ask ourselves some tough questions.
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| Mark your calendars for the 2024 Spring Meetings. We will come together April 15-20 to explore how to tackle global challenges head-on, including solutions to ramp up finance and knowledge, foster private sector investment, and prepare for future crises. Tune in as we livestream high-level events. Spring Meetings |
Netherlands for the World Bank 