Author Archives: NL4WorldBank

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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

How to Work with IFC

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IFC, a member of the World Bank Group, is the largest global development institution focusedlogo_ifc exclusively on the private sector in developing countries.

 

We utilize and leverage our products and services—as well as products and services of other institutions in the World Bank Group—to provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges. Working in more than 100 countries, IFC committed a record $31.5 billion in own-account investments and mobilization from third parties to private companies and financial institutions in developing countries in fiscal year 2021 (FY21).

 

IFC FACT SHEET

 
 
 

World Bank Announces Additional $200 Million in Financing for Ukraine

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Financing will support essential social services; combined total of World Bank-mobilized support for Ukraine now stands at more than $925 million

WASHINGTON, March 14, 2022— The World Bank today announced nearly $200 million in additional and reprogrammed financing to bolster Ukraine’s social services for vulnerable people. This comes on top of the $723 million mobilized for Ukraine and its people last week, of which $350 million has already been disbursed to Ukraine. This financing is part of the $3 billion package of support that the World Bank Group previously announced it is preparing for Ukraine over the coming months.

The combined total of support mobilized by the World Bank for Ukraine now stands at more than $925 million. As part of the mobilization efforts, Austria has contributed €10 million ($11 million equivalent) to the multi-donor trust fund (MDTF) set up by the World Bank to facilitate channeling grant resources from donors to Ukraine. This raises the current MDTF total to $145 million.

“The ongoing war continues to have severe human costs and has created financing gaps that jeopardize the ability of vulnerable people in Ukraine to meet basic needs,” said World Bank Group President David Malpass. “This rapid support will help to bridge those gaps during a time of extreme disruption as we work on broader support efforts for Ukraine and the region.”

While the full impact remains uncertain, the Russian invasion of Ukraine is causing a growing number of civilian casualties, destroying livelihoods, and damaging critical civilian infrastructure, including homes, water and sanitation, schools, health facilities and highways.

The World Bank in Ukraine

We are losing a generation: The devastating impacts of COVID-19

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Governments across the globe will spend about $5 trillion on K-12 education this year.  Butindermit_leadunless they get all children and young people back to school, keep them in class, and recover the central elements of learning, this generation could lose twice or three times that amount in earning losses.

The first impact was the millions of lives lost due to the disease caused by the COVID 19 virus. The second was the human suffering caused by job instability and poverty. The third is on children and youth who should have been in school but were told to stay at home.

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eC2: Scaling Wind Country Profiles

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Deadline: 07-Apr-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

Wind turbine farm

Wind turbine farm07-Apr-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

IFC is seeking a Consultant to develop country-specific reports that identify potential areas for wind development using satellite mesoscale data and high-level E&S constraints mapping (Country Profiles). The Consultant will create 10-15 Country Profiles, which will facilitate IFCs business development efforts across the world.

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eC2: Climate Smart Agri Value/supply chains Specialist STC

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Deadline:  24-Mar-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

Agricultura digital

The objective of this assignment is to assist IFCs CF (FIs) in the Africa Region, to develop and grow their agri supply/value chains, cooperatives and FPOs (referred to as segment) portfolio and pipeline of eligible CSA assets.

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International Women’s Day 2022—Accelerate Equality: Experience the Impact When you Break the Bias

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On the occasion of International Women’s Day 2022, we at the World Bank Group will220x220-East Asia Pacific Gender celebrate women’s achievements and contributions with a series of events and engagements – we look forward to your participation!

The UN theme for this year’s International Women’s Day is “Gender equality today for a sustainable tomorrow, recognizing the contribution of women and girls around the world, who are leading the charge on climate change adaptation, mitigation, and response, to build a more sustainable future for all.”  

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World Bank Mobilizes an Emergency Financing Package of over $700 million for Ukraine

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WASHINGTON, March 7, 2022—The World Bank Board of Executive Directors today approved a supplemental budget support package for Ukraine, called Financing of Recovery from Economic Emergency in Ukraine – or FREE Ukraine – for $489 million. The package approved by the Board consists of a supplemental loan for $350 million and guarantees in the amount of $139 million and is also mobilizing grant financing of $134 million and parallel financing of $100 million, resulting in total mobilized support of $723 million. The fast-disbursing support will help the government provide critical services to Ukrainian people, including wages for hospital workers, pensions for the elderly, and social programs for the vulnerable.

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eC2: Support Develop Operational Guidelines for an agency specializing in Public Land Monetization

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Deadline: 21-Mar-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

World Bank, South Africa 2007.

The consulting firm/company will have a proven track record of providing across-the-board advisory and/or operational support to a public land and building monetization organization in India and overseas. The consulting firm/company is expected to provide intellectual leadership to the technical report and its related activities.

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World Bank Group Stands with Ukraine and its People

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Prepares to support countries in the region affected by the conflict World Bank building

WASHINGTON, Feb. 24, 2022—David Malpass, President of the World Bank Group, today released the following statement: 

“The World Bank Group is horrified by the shocking violence and loss of life as a result of the events unfolding in Ukraine. We are a long-standing partner of Ukraine and stand with its people at this critical moment.

Today, I discussed the situation with our Board of Directors and have mobilized our Global Crisis Risk Platform to accelerate coordination across the World Bank Group.

The devastating developments in Ukraine will have far-reaching economic and social impacts. We are coordinating closely with the IMF to assess these costs.

When I met with President Zelenskyy in Munich on Saturday, I reaffirmed the World Bank Group’s strong support and commitment to the people of Ukraine and the region.

We stand ready to provide immediate support to Ukraine and are preparing options for such support, including fast-disbursing financing. Alongside development partners, the World Bank Group will use all our financing and technical support tools for rapid response.

The World Bank Group is also in active dialogue to support neighboring countries and people that may be affected by this conflict and will make additional resources available.”

Prepares to support countries in the region affected by the conflict 

WASHINGTON, Feb. 24, 2022—David Malpass, President of the World Bank Group, today released the following statement: 

“The World Bank Group is horrified by the shocking violence and loss of life as a result of the events unfolding in Ukraine. We are a long-standing partner of Ukraine and stand with its people at this critical moment.

Today, I discussed the situation with our Board of Directors and have mobilized our Global Crisis Risk Platform to accelerate coordination across the World Bank Group.

The devastating developments in Ukraine will have far-reaching economic and social impacts. We are coordinating closely with the IMF to assess these costs.

When I met with President Zelenskyy in Munich on Saturday, I reaffirmed the World Bank Group’s strong support and commitment to the people of Ukraine and the region.

We stand ready to provide immediate support to Ukraine and are preparing options for such support, including fast-disbursing financing. Alongside development partners, the World Bank Group will use all our financing and technical support tools for rapid response.

The World Bank Group is also in active dialogue to support neighboring countries and people that may be affected by this conflict and will make additional resources available.”