Rebuilding communities after disasters – four and a half lessons learned

The death toll from Cyclone Idai that ripped into Mozambique, Zimbabwe, and Malawi in IDAI Aftermath - A man fixes the roof of his house in Praia NovaMarch 2019 is now above 1,000, with damages estimated at $2 billion. In 2018, more than 10,000 people lost their lives in disasters (with $225 billion of economic losses). Approximately 79 percent of fatalities occurred in the Asia Pacific region, including the catastrophic earthquake and tsunami in Indonesia’s Sulawesi Island. In fact, 2017 and 2018 have been estimated as the most expensive back-to-back years for weather disasters, totaling $653 billion of losses.

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5 facts about jobs and economic transformation in IDA countries

What are the pathways people follow to better jobs? Economies grow when more people pathwaystobetterjobs-72ppi-pngfind work, when they get better at what they do, and when they move from low-productivity work to better, higher-productivity jobs. Our newest report `Pathways to better jobs in IDA countries’ takes a closer look at how people benefit through jobs in the process of development. It identifies how the available jobs change with economic transformation and shows how the structure of labor markets differs between low, lower-middle, and middle-income countries. It points to key challenges in ensuring that workers can transition between sectors, between locations, and between self- and waged employment.

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From Data Day to a Data Decade

The World Bank’s inaugural Data Day had something for everyone and was a huge win top_6.pngfor data: more than 1,000 participants voted with their feet and their time to show their commitment for data—and that’s a commitment we share. Here’s what we learned from our first Data Day:

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Shedding light on the informal economy: A different methodology and new data

In Mozambique’s three largest cities (Maputo, Beira, and Nampula), informal informal_economy_image01businesses—those operating outside formal licensing and registration procedures—outnumber formal firms by a factor of 9 to 1. The World Bank’s Enterprise Analysis Unit recently published surveys of informal businesses in Mozambique, conducted in collaboration with the country management unit and colleagues from the Finance, Competition, and Innovation Global Practice. These surveys were designed to mirror the standard World Bank Enterprise Surveys, which cover the formal sector, but were tailored to better understand the unique conditions in which informal firms operate. Thanks to recent methodological innovation in sampling techniques, these surveys now also provide an estimate of the total number of informal businesses.

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Our Mission Is More Urgent Than Ever

The global outlook foresees a moderate slowdown in economic activity, with lingering DC-780.jpgdownside risks. Global trade growth has weakened, while investment prospects have softened; both of these remain important engines of growth, productivity, innovation, job creation and sustainable development. Debt vulnerabilities persist, and policy uncertainty is weighing on confidence.  For developing countries, it is important to adopt growth-enhancing policies while containing risks and protecting the most vulnerable. The World Bank Group, in partnership with the International Monetary Fund, is able to help countries in addressing these concerns.

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Spring Meeting Recap

Did you the miss the Spring Meeting Events? Spring

Each Spring, the Boards of Governors of the World Bank Group and International Monetary Fund (IMF) hold Spring Meetings to discuss a range of issues related to poverty reduction, international economic development and finance. World Bank Live brings #WBGMeetings experience straight to you wherever you are in the world.

Watch, engage, and be part of the global conversation!

Paying for development – Governments are sitting on a ‘goldmine’

Four years have passed since the launch of the 2030 Agenda and its 17 Sustainable sceneDevelopment Goals. Mobilizing the necessary resources remains central to its success. Investments in human, social, and physical capital are at the core of sustainable and inclusive growth – and represent an important share of national budgets.

At the World Bank Group we have been at the forefront of the so-called Financing for Development (FfD) agenda to leverage public, private, international, and domestic sources of capital to help reach the global goals.  A short primer on our efforts–which builds on the 2015 Development Committee paper Billions to Trillions – Transforming Development Finance–can be found in the brochure entitled Financing for Development at the World Bank Group.

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The Netherlands, World Bank join forces to boost domestic resource mobilization in Africa, the Middle East

WASHINGTON DC, APRIL 11th, 2019.- Senior representatives of the Kingdom of the Netherlands and the World Bank today signed an agreement for USD 7,000,000 to Signing TF Reina Buijssupport developing countries’ efforts in mobilizing much-needed public domestic resources to achieve the Sustainable Development Goals, particularly in Africa and the Middle East.

The four-year agreement aims at boosting domestic resource mobilization while strengthening tax policy and administrative capacity in selected countries in North, Western, and Central Africa, as well as in the Middle-East. Some countries that may benefit from this agreement include: Benin, Burkina Faso, Chad, Côte D’Ivoire, Ghana, Liberia, Niger, Nigeria, Senegal, Ethiopia, Kenya, Iraq, Jordan, and Lebanon.

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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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