At a time when we face enormous challenges brought on by the COVID-19 pandemic, it is heartening to see the world mobilizing as never before to tackle the looming crisis of global warming. The international development community is also stepping up. In 2020, the World Bank Group reached its highest ever level of climate financing, at $21.4 billion, and we recently announced our plan to align all-new World Bank operations with the Paris Agreement by July 2023.
- Climate change is increasing the frequency of natural hazards.
- Disaster risk management specialists have improved the ability of countries to respond to risks, using a variety of digital technologies.
- Mapping, micro-tasking and visualizing tools are critical to reduce the impact of climate change in the world’s poorest countries.
WASHINGTON, April 20, 2021 – Commodity prices continued their recovery in the first quarter of 2021 and are expected to remain close to current levels throughout the year, lifted by the global economic rebound and improved growth prospects, according to the World Bank’s semi-annual Commodity Markets Outlook.
Financing for the poorest countries is on grant or highly concessional terms
WASHINGTON, April 20, 2021— The World Bank announced today that it has reached $2 billion in approved financing for the purchase and distribution of COVID-19 vaccines for 17 developing countries. This financing is part of the $12 billion envelope over 24 months for developing countries to acquire and deploy vaccines and strengthen their vaccination systems. For poorer countries financing is on grant or highly concessional terms. The Bank expects to support 50 countries with $4 billion financing for COVID-19 vaccines by mid-year.
The Government of Ghana intends to initially select Applicants for Deferred and Routine Maintenance Dredgingof the Odaw Drainage Basin in Accra under a Performance Based Contract. The contract has a duration of four and ahalf years, split in one or two years of deferred maintenance dredging and three or four years of routine maintenancedredging. The geographical scope of the contract includes the Odaw river from Caprice to the sea (comprising linedand unlined sections), and the main Odaw River tributaries (the South Kaneshie, Cemetery and Mataheko drains, thefirst section of the Nima drain, the Agbogbloshie drain and the Odawna drain). The dredging works will be procuredunder a Performance Based Contract (PBC). Applicants must show proof of experience in urban dredging/dredgingof drainage channels/dredging of shallow channels/dredging in environmentally environmental sensitive areas to beinitially selected. Experience in PBC will be an added advantage. It is expected that the Request for Proposals will bemade in May 2021.
The International Finance Corporation: IFC, a member of the World Bank Group, promotes sustainable private sector investment in developing countries to reduce poverty and improve peoples lives. In addition to its investment work, IFC provides advisory services to several clients to support them in meeting specific development goals. IFCs advisory support to the financial sector is implemented via its Financial Institutions Group and is organized around the following main themes: Innovation/Base of Pyramid: including Microfinance, Mobile Financial Services, Housing Finance, Rural Finance. Banking Services: SME Finance, Sustainable Energy Finance, Insurance, Agri finance, Leasing, Trade Finance, Gender, Risk Management, and Corporate Governance. Financial Infrastructure: Credit Reporting, Collateral Registries and Secured Transactions, Securities Markets
The assignment objective is to provide technical capacity support to the World Bank providing technical specifications for state-of-the-art SCADA system to be implemented in Vietnam, battery storage and HVDC lines to inform the World Bank due diligence in a new investment in Vietnam.