A quick scan of the headlines tells you everything that those of us working in international
development already know: today’s world is not business as usual. In just a few short years, the global landscape has transformed in a way that very few of us could ever have anticipated.
Publication: Brazil Country Climate and Development Report
Abstract
Brazil is highly exposed to climate change risks. The impacts of global climate change risks and local practices on the Amazon and Cerrado biomes are of particular concern, as they provide vital ecosystem services to Brazil, the South American region, and the world. The Brazil Country Climate and Development Report (CCDR) examines the implications of climate change and climate action for Brazil’s development objectives and priorities. It identifies opportunities for Brazil to achieve both its development goals and its climate commitments. It lays out a combination of sectoral and economy-wide policy reforms, as well as targeted investments in near- and medium-term mitigation and adaptation measures to achieve more rapid and inclusive development with lower greenhouse gas (GHG) emissions. The idea is to maximize synergies between climate and development objectives, while addressing trade-offs among policy objectives and key transition challenges.
WBG Procurement Opportunities
Interested in Doing Business with the World Bank Group? Please see selected opportunities
below.
Procurement Framework and Regulations for Projects After July 1, 2016 (worldbank.org)
Shaping tomorrow’s debt restructuring system
As the debt crisis has unfolded in many of the world’s poorest countries, much attention has 
focused on seeking individual debt restructurings through the G20 Common Framework. This remains a priority, but the implementation remains slow and lacks the predictability needed to provide debtors and creditors with confidence. The Global Sovereign Debt Roundtable and the April 26 World Bank debt conference, Breaking the Impasse in Global Debt Restructuring, discussed effective debt restructurings and debt sustainability. The conference also addressed how to avoid excessive debt build-up; and pressing questions regarding the debt sustainability implications of a decline of net international reserves into negative territory as countries draw on debt-like instruments such as swap lines. Following this week’s G7 Finance Ministers and Central Bank Governors meeting in Japan, we will publish the initial findings from a recent debt reconciliation initiative, which points to many technical challenges in agreeing on the amounts of debt to be treated in a restructuring.
Impactful climate mitigation requires standards, verification and standardization
Climate costs and development together need vast new resources. For developing countries, 
the needs are particularly large to provide for growing populations and decades of underinvestment. They need to make major advances on education, energy production, electricity access, health, infrastructure and nutrition just to make up for losses in recent years. Climate costs require significant additional resources, as does the increase in the cost of debt service and repayment.
WBG Procurement Opportunities
Interested in Doing Business with the World Bank Group? Please see selected opportunities below.
Procurement Framework and Regulations for Projects After July 1, 2016 (worldbank.org)
Investing in Innovation: David Malpass in Conversation With George French
How to make India pandemic proof
As COVID-19 abates, the question everyone is asking is: how ready is my country for the
next pandemic? The speed with which the virus spread exposed the many weaknesses in the world’s health systems. No country was immune. Even those that ranked high in the Global Health Security Index struggled to mount a timely and effective response.
Food Security Update | World Bank Response to Rising Food Insecurity
WASHINGTON, May 3, 2023 – The Executive Directors of the World Bank today selected
Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023.
Meeting Vietnam’s climate financing challenge
Vietnam is on the frontlines of the climate crisis, with increasingly destabilized water and
food supplies and threatened coastal areas. In the face of these challenges, the government is showing bold leadership and climate ambition. The recently updated Nationally Determined Contribution (NDC) significantly increased targets for emissions reductions across several key sectors. Vietnam has also translated global pledges on forests and methane into specific national action plans and policy priorities.
What is missing, however, is the financing needed to achieve these goals. Carbon markets and results-based carbon and climate finance, which pays for emission reductions once they are achieved, have huge potential to help meet this financing challenge. The quickly evolving carbon market ecosystem, however, has many rules, requirements, players, and priorities. The government of Vietnam has requested World Bank Group support in navigating this complexity and identifying opportunities to access carbon finance and market opportunities.
“Vietnam is on the frontlines of the climate crisis, with increasingly destabilized water and food supplies and threatened coastal areas. In the face of these challenges, the government is showing bold leadership and climate ambition.”
Netherlands for the World Bank 
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