World Bank’s Executive Directors Select David Malpass 13th President of the World Bank Group

WASHINGTON, April 5, 2019 – The Executive Directors of the World Bank today indexunanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019. The Board expressed its deep gratitude to Interim President Kristalina Georgieva for her dedication and leadership in recent months.

The Executive Directors followed the selection process agreed in 2011. The process included an open, transparent nomination where any national of the Bank’s membership could be proposed by any Executive Director or Governor through an Executive Director. This was then followed by thorough due diligence and a comprehensive interview of Mr. Malpass by the Executive Directors.

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Featured Spring Meeting Events

These are some of our featured events you shouldn’t miss Spring

Don’t worry if you can’t be at #WBGMeetings in person. We’ve got you covered with World Bank Live. Block out time now to watch our events live, and in case you miss it, you can still catch up with our World Bank Group activities on our Spring Meetings live blog.

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SM19 :Watch the events online

Watch online if you can’t be at the Meetings in person. dsc_0364

World Bank Live has you covered, the World Bank’s digital platform for live-streaming and engaging with global audiences. Block out time now to watch our events live, and in case you miss it, you can still catch up with your favorite events on our events recap page or watch a replay.

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3 ways to follow World Bank Group activities at the 2019 Spring Meetings

Our 2019 Spring Meetings is just around the corner and it’s time to get 042418-art_exhabition_preston-086_forganized. Main stage speakers include representatives from top-notch institutions and organizations such as the United Nations, National Geographic, World Trade Organization, Bloomberg, Massachusetts Institute of Technology, among others.

The Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) is an event that brings together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

This year’s events will take place in Washington, D.C., April 8-14, 2019.

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In Bangladesh, new latrines meet a tested business model

In a tiny hamlet called Shinglab in Gazipur district, around 2 hours from Dhaka, you can shamila-bdsee a cluster of homes made of varying materials depending on the household income.

Shamela Hakeem, 40, lives in a functional mud hut with a tin roof. A widow with no children, she makes around BDT 300 ($3.50) daily as a sweeper at a local factory.

Last year, she decided to upgrade her sanitation facilities and purchased a BDT 10,000 ($118) toilet from a local entrepreneur. She is due to pay off her final installment within the next month.

But why did she decide to invest in a toilet?

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What does the rise of the robots mean for trade?

Industrial robots, 3D printing, and artificial intelligence are rapidly changing the face of imagesglobal production and trade. Global sales of industrial robots reached a new record of 387,000 units last year and robot adoption is projected to grow in the coming years. Techno-pessimists fear that developing countries might lose the opportunity to export themselves out of poverty by linking into Global Value Chains (GVCs), as firms in rich countries relocate robot-driven production closer to home.

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The world is going digital—time for the rail industry to jump on board

Over the last five decades, Rail transport has faced major headwinds. The transformationr of global supply chains has made the logistics business more challenging than ever, with increasing pressure to deliver fast and flexible services at a lower cost. In that quickly-evolving context, freight rail is grappling with fierce competition from road transport—a trend that will only intensify under the effect of disruptive technologies like autonomous trucks and on-demand mobility services. In addition, railways around the world have been hit by significant government budget cuts, limiting their ability to invest in infrastructure or maintain high service standards. Stiff competition from roads, which have the door-to-door delivery advantage have offered added pain.

Changing impact of weather and climate services in response to changing climate

Have you ever wondered what your national meteorological agency actually does? I weathering_the_change_web-1suppose it wouldn’t be inaccurate to say that they can help you decide how to dress, whether or not to carry an umbrella, or water the garden. But their purpose is so much bigger than that.

National meteorological and hydrological services (NMHSs) are responsible for helping people understand, predict and warn of weather- and water-related hazards such as storms, floods, and hurricanes.

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Putting Nature to Work: Integrating Green and Gray Infrastructure for Water Security and Climate Resilience

“Integrating Green and Gray – Creating Next Generation Infrastructure” is a joint report z.pngfrom the World Bank and the World Resources Institute (WRI) that aims to advance the integration of green and gray infrastructure solutions on the ground. It places a spotlight on the world’s growing infrastructure crisis, driven by climate change and growing populations. It proposes insights, solutions and examples for putting nature to work. It examines the technical, environmental, social and economic dimensions of a typical project assessment but also outlines, with new clarity and detail, the enabling conditions required to facilitate successful implementation of green-gray projects. Harnessing the collective analytical and technical expertise of the World Bank and WRI, it aims to build momentum in both policy and practice.

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