COVID vaccines: Why we must succeed in every country

The COVID-19 pandemic is far from over, and vaccines remain our most important tool for vaccines_herohelping every country overcome it and get on the path to recovery. 

Since February, much of the world’s attention has shifted to Russia’s invasion of Ukraine and the risks it poses to global supplies of food and energy.  And the war is coming on top of many other crises – climate change, conflict in many other places, record numbers of refugees, and a rise in poverty for the first time in decades. But even among these daunting global challenges, COVID has particularly far-ranging health, social, and economic impacts, especially for the poorest countries and most vulnerable people.  

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Commodity Markets: Evolution, Challenges, and Policies

The past two years of the global pandemic profoundly impacted our societies and economies. crane-light-heroThe COVID crisis heightened the need for multilateralism to tackle global challenges.  

Even as the worst of the pandemic starts to recede, the war in Ukraine threatens to impact global development outcomes. At the same time, climate impacts continue to mount. The findings of the latest IPCC reports provide a stark warning. We must decarbonize our economies at an accelerated pace and scale and reach net zero emissions by 2050  to avoid fundamentally altering our planet’s climate and its irreversible impacts on development. We must take bold and swift action and we must do so now to ensure that we can realize green, resilient and inclusive development.

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eC2: Reinforcing the capacities of meteorological and hydrological services and enhancing the early warning systems in Cambodia and Lao Peoples Democratic Republic (CREWS Cambodia and Lao PDR)

Deadline: 16-Jun-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)vn-communitybased-disasterrisk-780x439

The Reinforcing the capacities of meteorological and hydrological services and enhancing the early warning systems in Cambodia and Lao Peoples Democratic Republic (CREWS Cambodia and Lao PDR) project jointly implemented by the World Bank (WB), World Meteorological Organization (WMO) and the United Nations Office for Disaster Risk Reduction (UNDRR) along with the National Meteorological and Hydrological Services (NMHSs) and National Disaster Management Offices (NDMOs) of Cambodia and Lao PDR is aimed at reducing the human and socioeconomic impact caused by disasters such as floods, droughts, landslides and severe weather, through increased access to early warnings and risk information. As part of the CREWS project, the World Bank is conducting needs assessments of the NMHSs to strengthen hydromet networks for end-to-end early warning in Cambodia and Lao PDR and to develop investment plans to address identified needs.

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World Bank Live

World Bank Live is the World Bank’s digital platform for live-streaming and engaging with globalsitename_en audiences in open and two-way conversations about international development.

Since 2013, World Bank Live has hosted over 700 public events in four languages: English, Spanish, French, and Arabic.

Panel discussions and high-level events are live-streamed during the Spring and Annual Meetings and throughout the year. International audiences can attend report launches, roundtables, speeches from senior management and global leaders, and join global conversations on key development topics such as climate change, economic recovery, debt management, digital transformation, sustainable development, and much more.

Each event is covered live by international development experts from the World Bank and partner organizations, taking questions from the audience in real-time and sharing research findings and learning resources.

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Digital improvements can make or break ports

If you have made any major purchases in the last two years, it’s likely that you have personally hero_low_resolution_container_portfelt the impact of the global supply chain crisis. Pandemic-induced spikes in consumer sales and labor shortages triggered artery-clogging nightmares for some of the world’s busiest ports. At the most serious end of the spectrum, this has contributed to food shortages. But maritime backlogs can delay the delivery of everything ranging from clothes to couches to cars.

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Air pollution kills – Evidence from a global analysis of exposure and poverty

Globally, poor air quality is estimated to cause some 7 million deaths each year, as it05.18_air_pollution_kills_blog_image increases the risk of a wide range of cardiovascular and respiratory diseases. Yet the exposure to and impact of air pollution are not equally distributed. Air pollution is particularly prevalent in industrializing developing economies. Less stringent air quality regulations, the prevalence of older polluting machinery and vehicles, subsidized fossil fuels, congested urban transport systems, rapidly developing industrial sectors, and cut-and-burn practices in agriculture are all contributing to heightened pollution levels. The lack of affordable quality healthcare services further increases air pollution related mortality.

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Commodity Markets: Evolution, Challenges, and Policies

Commodity markets are integral to the global economy. Understanding what drivesweb cover2 developments of these markets is critical to the design of policy frameworks that facilitate the economic objectives of sustainable growth, inflation stability, poverty reduction, food security, and the mitigation of climate change. This study is the first comprehensive analysis examining market and policy developments for all commodity groups, including energy, metals, and agriculture, over the past century. It finds that, while the quantity of commodities consumed has risen enormously, driven by population and income growth, the relative importance of commodities has shifted over time, as technological innovation created new uses for some materials and facilitated substitution among commodities. The study also shows that commodity markets are heterogeneous in terms of their drivers, price behavior, and macroeconomic impact on emerging markets and developing economies, and that the relationship between economic growth and commodity demand varies widely across countries, depending on their stage of economic development. Policy frameworks that enable countercyclical macroeconomic responses have become increasingly common—and beneficial. Other policy tools have had mixed outcomes.

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Tracking government debt is hard. Banishing secrecy clauses would make it far easier.

With a few taps on a smartphone, I can check the weather, send messages to friendsMarcello_GIF_700kbps around the world, review my bank account, or even order food. But even in our hyper-connected, data-driven world, it’s exceedingly difficult to pin down government debt – even for researchers with advanced skills and access to big databases. And that’s not for lack of trying.

“Hidden debt” crops up far too frequently and often during or just before a crisis, creating a nasty surprise.  Such was the case in 2016, when the revelation of previously undisclosed debt derailed Mozambique’s development agenda, tainted its reputation as a growth and investment star, and sent its financial sector into crisis. More recently, Chad and Zambia’s debt restructuring negotiations were delayed when their respective debt offices couldn’t produce current and complete records of what was owed (and to whom).

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