About NL4WorldBank

The World Bank Team at the Royal Netherlands Embassy tweets about news related to Dutch organizations interested in working with the #WorldBank. #NL4WorldBank

Banking on protected areas to promote a green recovery

The rollout of vaccines globally, particularly as this effort picks up momentum, is spreading hope that countries will soon have control over the devastating health impacts of the COVID-19 pandemic. Countries still, though, have a long path to travel for economic recovery. The pandemic has led to a deep global recession in which much economic activity has declined, including in the hard-hit tourism sector.  In tourism-dependent economies in Africa and the Caribbean, for example, GDP is projected to shrink by 12 percent.

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Six reasons why remittances soared in South Asia during COVID-19

Remittance flows are a major source of income for all countries in South Asia, larger than all other capital inflows combined.  In 2019, India received more remittances than any other country in dollar terms, and Nepal ranked third in the world in terms of remittances to GDP at 27 percent.  Remittances seem to have been even more essential during the COVID-19 pandemic, increasing by 5.2 percent in 2020 in South Asia. But this was somewhat surprising because household surveys globally showed remittances falling, especially in the second quarter of 2020.

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The global recovery is bypassing the poorest countries

The global economy is booming—or so it might seem.

Global growth is surging again, only a year after COVID-19 triggered the deepest recession since World War II.  This year is likely to mark the strongest post-recession rebound in 80 years: global GDP is expected to expand 5.6 percent. Growth in advanced economies is expected to reach 5.4 percent—the highest rate in nearly 50 years—powered by rapid vaccination and unprecedented fiscal- and monetary-policy support since the beginning of the pandemic.  Almost all advanced economies will go back to their pre-pandemic per-capita income levels in 2022. In some parts of the world, clearly, the pandemic’s damage is being repaired quickly.

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COVID-19 and women-led businesses: More innovation but greater financial risk

Over a year into the pandemic, we have witnessed how a sweeping infectious disease and lockdown measures quickly deepened inequalities, hindering the progress that many have fought for years to achieve. One of the most striking examples is the disproportionate impact of COVID-19 on women.

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Zero-carbon shipping: A sea of opportunities for developing countries

The obstruction of the Suez Canal earlier this year served as a vivid reminder of the importance1195772839_e3ce0cc64a_c_2 of maritime transport for economies around the globe. The blockage was resolved within a matter of days, but a much more existential challenge remains for the shipping industry.

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Optimizing vaccine delivery by teaching healthcare workers digital skills

This blog is part of a series on digital safeguards and enablers for COVID-19 vaccine delivery.health_care_workers_using_digital_tools_1

Countries around the world are developing and executing national plans for COVID-19 vaccine delivery, balancing short-term goals — accelerated mass vaccination to reach herd immunity — with efforts to strengthen long-term health systems. Many, if not all, will be using digital technologies to face the scale and complexity of accelerated mass vaccination administration. Their intended users will need to be equipped with the right digital skills if these digital tools and platforms are to be successful. Likewise, the public health ecosystem needs to acquire the capabilities to develop, operate, maintain, and sustain the underlying databases, services, systems, and infrastructure necessary for the tools to work correctly. 

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Updated estimates of the impact of COVID-19 on global poverty: Turning the corner on the pandemic in 2021?

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.

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New CAO Policy Enhances IFC and MIGA Environmental and Social Accountability

WASHINGTON, July 1, 2021 – The Boards of Directors of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) have approved a new policy for the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism of IFC and MIGA. The Independent Accountability Mechanism (CAO) Policy, which becomes effective today, improves effectiveness of the complaints process in projects supported by IFC and MIGA, with an increased focus on outcomes for communities and IFC/MIGA clients, and responds to recommendations from an independent external review.

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