A key milestone in the World Bank Group’s anti-racism efforts

As our annual Law, Justice, and Development Week draws to a close, I am proud that we061820endracism0016f_dxo are launching publicly the first World Bank Group Anti-Racism Charter. The Charter is an aspirational, non-binding document, and a significant milestone in our ongoing work to tackle racism and racial discrimination in our workplaces, development work, and local communities. Let me explain how it fits into our efforts, and what it means for us going forward.

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Amid record sovereign debt, massive gaps in debt-tracking systems 

At a time when sovereign debt in the poorest countries has surged to dangerously high 9886d8b246b9c226327d1e906c537ccd3c7de91d8275774176d0142ea92aabb6 levels, global and country-by-country systems for tracking it are proving to be inadequate. A new report marks the first comprehensive assessment of the global and national systems for monitoring sovereign debt.

IFC GLOBAL MANUFACTURING CONFERENCE

Manufacturing is key to development by building economic complexity throughdownload industrialization. As the manufacturing sector adds new capabilities to produce more products, participates in value chains, and adds process technologies, this results in more resources and materials being used. Circular economy models are necessary to replace the make, use and dispose linear production model.

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The manufacturing sector is now focusing on its crucial role in conserving resources, eliminating waste, and transitioning into more regenerative business models where repairing, reusing, and recycling products replaces simply disposing of them.

The third IFC Global Manufacturing Conference will address the critical questions regarding Circular Economy and provide a dynamic forum for exploring the future of manufacturing.

World Bank Group Youth Summit 2021: Resilient Recovery for People and Planet

Established in 2013, the Youth Summit is an annual event hosted by the World Bank Group Screenshot_2021-05-27 World Bank Group Youth Summit 2021 Resilient Recovery for People and Planet(WBG) to engage with youth globally on the most pressing topics facing our generation. The WBG Youth Summit is an affiliate of the Youth-to-Youth (Y2Y) network, the largest volunteer organization at the WBG, which aims to inspire and empower youth within and outside the institution.  The primary goals of the Youth Summit are to: 

  • Empower youth to explore innovative ideas to tackle development challenges​
  • Provide youth with the tools to build and engage in impactful projects​
  • Promote dialogue between youth, the WBG, and other key stakeholders globally

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Webinar recap: Fraud and Corruption in Multilateral projects: Perspectives, challenges and experiences

Hosted by: Private Sector Liaison Netwerk in Washington D.C. on Thursday May 27

The session was organized by the Private Sector Liaison Network in Washington D.C. to give the private sector the opportunity to get more insight in multilateral organizations compliance and integrity rules and regulations

Speakers:

  • Brian Whisler: Partner Baker McKenzie LLP
  • Pascal Dubois: Former Vice President Integrity,World Bank Group   
  • Juan Ronderos: Sanctions Officer for the Inter-American Development Bank Group

Webinar Recording Link : Password: Baker2021!

World Bank Group Youth Summit 2021: Resilient Recovery for People and Planet

Established in 2013, the Youth Summit is an annual event hosted by the World Bank Group Screenshot_2021-05-27 World Bank Group Youth Summit 2021 Resilient Recovery for People and Planet(WBG) to engage with youth globally on the most pressing topics facing our generation. The WBG Youth Summit is an affiliate of the Youth-to-Youth (Y2Y) network, the largest volunteer organization at the WBG, which aims to inspire and empower youth within and outside the institution.  The primary goals of the Youth Summit are to: 

  • Empower youth to explore innovative ideas to tackle development challenges​
  • Provide youth with the tools to build and engage in impactful projects​
  • Promote dialogue between youth, the WBG, and other key stakeholders globally

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Transitions at the Heart of the Climate Challenge

STORY HIGHLIGHTS

  • The World Bank Group is increasing its financing to help countries address the pandemic and climate change, because a sustainable future depends on the decisions countries make today.
  • To clean up energy systems, it will be important to drive action on multiple fronts including renewable energy, energy efficiency, and a just transition from coal.
  • To tackle food insecurity and protect forests, climate-smart agriculture and nature-based solutions will need to be scaled up.

Imagine a world where farms grow nutritious food and raise healthy livestock without harming the environment. Where every village, town and city are powered by clean energy and cities have safe, affordable, and non-polluting transit systems. Where people have jobs that drive the sustainable growth story of the future. This world is within our reach, but only if we confront the challenges we face today.

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Five reasons to be concerned about the shadow economy

Informal activity—sometimes dubbed the “shadow economy”—is widespread in emerging shutterstock_1091410604market and developing economies.  Its pervasiveness is of particular concern at the current juncture, because it may make it harder for these economies to achieve the inclusive development that is needed to undo the damage of the COVID-19 pandemic.

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