Re-establishing trust in the digital age of accelerated innovation

Is this the golden age of innovation? dataprivacy-image_hero8

It has been said that we now find ourselves in the “Golden Age of Innovation.” While it is undeniably true that we live in a time when the pace of technological change is faster than ever before, from available new digital technologies to the data that fuels them the picture is not always as rosy as some would have it.

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Raising the bar on debt data transparency

Total public debt stands at an alarming 50-year high in low- and middle-income economies,jun2022_debttransparency_datablog_mainimage the equivalent of more than 200 percent of government revenues. With the pandemic-induced economic slowdown, the impact of the war in Ukraine, and the rise of interest rates, many countries are facing severe challenges in servicing their debt. 

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What You Need to Know About Net Zero

What does it mean to reach “net zero?” A recent report by the Carbon Pricing Leadership Climate-Explainer-Series-banner Coalition (CPLC) explores how the world can decarbonize, and in particular, how carbon pricing can play a role. To learn more about net zero, the report and its findings, we sat down with Chandra Shekhar Sinha, a member of the Task Force on Net Zero Goals and Carbon Pricing and Advisor to the Bank’s Climate Change Group, and Angela Churie Kallhauge, former Head of the Carbon Pricing Leadership Coalition (CPLC) Secretariat.

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Why Is the World Facing a Food Crisis? | The Development Podcast

The world is facing rising food prices that are hitting poor and developing countries hardest. Even before COVID-19 reduced incomes and disrupted supply chains, chronic and acute hunger were on the rise due to factors, including conflict, socio-economic conditions, natural hazards, climate change and pests.

The disruption caused by the war in Ukraine has added to price pressures, with costs likely to remain high for the foreseeable future and expected to push millions of additional people into acute food insecurity.

In this episode of The Development Podcast, World Bank Food and Agriculture Global Practice Manager Julian Lampietti explains the challenges and discusses some of the solutions. And we hear from a pizza restaurant owner in Cairo who is struggling with the rising cost of bread.

THE DEVELOPMENT PODCAST

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Annual Bank Conference on Development Economics 2022: Recovery, Reform, and Business Environment

CONFERENCE DETAILSABCDE-2022

The Annual Bank Conference on Development Economics (ABCDE), organized by the World Bank’s Development Economics (DEC) Vice Presidency, is one of the world’s best-known conferences for the presentation and discussion of new knowledge on social and economic development. The conference aims to promote the exchange of cutting-edge knowledge among researchers, policymakers, and development practitioners.

The theme of ABCDE 2022 isRecovery, Reform, and Business Environment, with a key focus on how enterprises are recovering from the pandemic crisis, how the business environment was affected by the pandemic, and reform prospects for the future. It will be held completely online, using a Zoom platform. It will take place over 4 days, June 21–24, from 9:00 am–12:00 pm (EST).

 

 

 

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A Conversation with David Malpass and Samantha Power

June 21st, 11:30 AM EDT (local time) –> LINK

Join World Bank Group President David Malpass, and USAID Administrator Samantha Power at 11.30am, June 21st for a conversation about the impact of the current overlapping global crises on the poorest and most vulnerable.

How should the international community respond to challenges including the war in Ukraine, rising food insecurity and higher inflation? What can we learn from past crises and what innovative ideas could help us respond to the current global shocks? President Malpass and Administrator Power discuss the global response, the role of governments and multilateral institutions, and ideas for the way forward. 

The Way Forward is an occasional series of in-depth discussions on development challenges and innovative solutions, hosted by World Bank Group President, David Malpass.

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Building disaster resilience among the vulnerable

Natural disasters cause billions of dollars in losses each year, but the damage estimatesfiji_disaster_2_1000 don’t tell the full story of their impact. The gravity of any loss depends on whom it affects, and the poorest people typically bear a much larger brunt of a natural disaster’s consequences.  With climate change bringing more frequent and severe natural hazards, ensuring a resilient recovery for all requires a better understanding of the impacts that policies can have – and particularly on the most vulnerable people. Experience shows that a wide range of relatively low-cost and effective measures can save lives and protect hard-earned development gains in the wake of disasters. 

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Behind the Mission: Young Professionals Program (WBG YPP)

The Young Professionals Program (YPP) is a starting point for an exciting career at the World Bank Group for those who demonstrate a passion for international development and the potential to grow into impactful leadership roles across our institutions. Young professionals are recruited from around the world with various academic and professional backgrounds relevant to the World BankIFC and MIGA

June 15, 2022 
11:00 AM EDT (local time)

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Stagflation Risk Rises Amid Sharp Slowdown in Growth

War in Ukraine leading to higher inflation, tighter financial conditions

WASHINGTON, June 07, 2022—Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation, according to the World Bank’s latest Global Economic Prospects report. This raises the risk of stagflation, with potentially harmful consequences for middle- and low-income economies alike.

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