Swift action can help developing countries limit economic harm of coronavirus

The novel coronavirus (COVID-19) outbreak has already exacted a high cost in human blog_leaderlife and has been recognized for what it is—a global health emergency. As the virus spreads around the globe, the question now is whether lives can be protected and economic harm can be contained.

We know from history that when the global economy faces a common threat, quick, coordinated, and decisive action makes all the difference. That is beginning to happen. Several countries have announced stimulus programs, many have cut interest rates, and both the World Bank Group and the International Monetary Fund have unveiled massive financial-support packages to help countries overcome the health crisis and limit the economic damage.

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Statement by IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass on the 2020 IMF-World Bank Group Spring Meetings

Out of precaution World Bank Group events up to May have either been postponed or image2865094cancelled. We are still unclear on how the World Bank Group will proceed with events after May. In this blog post we selected the largest event messaging concerning COVID-19, The events include: 2020 IMF/World Bank Group Spring Meetings, Fragility Forum 2020, and the Land and Poverty conference.

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Doing More with Less – Smarter Subsidies for Water Supply and Sanitation

New World Bank research shows that governments across the world are pouring money Subsidies-780-439--1-into water and sanitation subsidies but all too often that funding doesn’t flow to those who need it most. However, subsidies can be powerful and progressive tools in delivering water and sanitation when they are designed in smart and targeted ways and implemented effectively.

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eC2: SRL-IFC Advisory-Sierra Leone Agricultural Initiative

Deadline: 23-Mar-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) Florinda

The objective of this assignment is to improve the livelihoods of at least 150 households through improved agriculture (technical and commercial) and household practices (i.e. use of assets, family budgeting, nutrition, gender equity, etc.) and develop access to improved technical know-how by building capacity of 40 lead farmers that will share knowledge of improved technical practices with their peers.

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Unleashing the economic power of women

By David Malpass, President World Bank Group
March 3, 2020

Girls are attending school in greater numbers than ever before, and women are girls-education-women-empowermentincreasingly entering the labor force and leading businesses. Although we should celebrate this progress, much work remains in order for a girl born today to have the same opportunities as a boy.

Research from the World Bank and others shows that unleashing the economic power of women can contribute to global growth.  Moreover, it is the right thing to do. Fortunately, more countries recognize that economies can reach their full potential only with the full participation of both women and men.

The World Bank Group is supporting countries in achieving this goal in important areas, including the removal of discriminatory laws, investment to close gender gaps, broadening access to finance, and stepping up efforts to prevent gender-based violence.

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World Bank Group Announces Up to $12 Billion Immediate Support for COVID-19 Country Response

As COVID-19 reaches more than 60 countries, the World Bank Group is making available IDAan initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the COVID-19 (coronavirus).

Through this new fast track package, the World Bank Group will help developing countries strengthen health systems, including better access to health services to safeguard people from the epidemic, strengthen disease surveillance, bolster public health interventions, and work with the private sector to reduce the impact on economies. The financial package, with financing drawn from across IDA, IBRD and IFC, will be globally coordinated to support country-based responses.

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Procurement Training Webinars

The Private Sector Liaisons are proud to present the first of four World Bank procurement i-love-procurement2training webinars.

World Bank contract bidding process webinar provides information about the bidding process for projects tendered by the client countries of the World Bank Group. The presenter is Nancy Bikondo-Omosa Senior Procurement Specialist.

We encourage you to view the recording of the webinar here: https://1930181.mediaspace.kaltura.com/media/1_bbk9429j

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Handbook for Gender-Inclusive Urban Planning and Design

STORY HIGHLIGHTS handbook

  • Urban planning and design shape the environment around us – and that environment, in turn, shapes how we live, work, play, move, and rest.
  • Cities have historically been planned and designed for men and by men. They tend to reflect traditional gender roles and gendered division of labor. In general, cities work better for heterosexual, able-bodied, cisgender men than they do for women, girls, sexual and gender minorities, and people with disabilities.
  • The Handbook for Gender-Inclusive Urban Planning and Design seeks to respond to these urgent questions: how might we design and plan cities that work well for everyone? What would such a city look like, and how would we go about creating it?

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Off-Grid Solar Market Trends Report 2020

STORY HIGHLIGHTSscaling+solar+main+banner

  • The off-grid solar sector has expanded into a $1.75 billion annual market serving 420 million users over the past decade and continues to grow.
  • As the sector matures and productive use of off-grid solar solutions such as solar water pumps, cold storage and other products servicing public institutions become natural expansion areas, companies are increasingly focused on its financial sustainability.
  • To achieve universal access to electricity by 2030, the off-grid solar sector would need to serve as many as 132 million households, which in turn would require between $6.6 billion to $11 billion in additional financing.

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The Hidden Wealth of Cities: Creating, Financing, and Managing Public Spaces

STORY HIGHLIGHTS Hidden-wealth-of-cities

  • Many cities around the world are missing out on significant development opportunities by ignoring, under leveraging or mismanaging public-space assets.
  • There is enormous opportunity for smarter use of public spaces, and to unlock the “hidden” value they create for communities, neighborhoods, and cities.
  • “The Hidden Wealth of Cities: Creating, Financing, and Managing Public Spaces” identifies a rich palette of creative and innovative strategies that every city can undertake to plan, finance, and manage both government-owned and privately-owned public spaces.

[Click here to download a PDF version of the publication]

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