East Asia prides itself on rapid economic progress over the past few decades with millions
lifted out of poverty. Between 2008 and 2018, real per capita GDP in the region grew at an average rate of 6.7 percent per year, significantly above the global average of 1.5 percent. Yet the extent of progress on poverty is exaggerated by the fact that poverty thresholds are set too low compared to other countries at similar income levels. This leads to policies which do not do justice to the scale of the problem. New numbers released by the World Bank using global benchmarks underscore this point.
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)
Food Security: Latest Update – October 17, 2022
Domestic food price inflation remains high around the world. Information between May to
September 2022 shows high inflation in almost all low-income and middle-income countries; 88.9% of low-income countries, 91.1% of lower-middle-income countries, and 96% of upper-middle-income countries have seen inflation levels above 5%, with many experiencing double-digit inflation. The share of high-income countries with high food price inflation has risen to 85.7%.
Correcting course to accelerate poverty reduction
The COVID19
pandemic triggered a historic setback, pushing 70 million people into extreme poverty in 2020 – the largest one-year increase in three decades. The war in Ukraine deepened the global economic slowdown, which is now in its steepest decline following a post-recession recovery since 1970.
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)
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)
Annual Meetings 2022: Development in Crisis
Increased poverty. Food shortages. Energy shocks. Debt crises. Climate change. Inflation. War.
The headlines are grim. And they set an unavoidable backdrop for this year’s Annual Meetings of the World Bank Group and the International Monetary Fund. The Meetings provided an opportunity to raise the alarm to these dangers—and discuss how to move forward to help the poor and vulnerable.
World Bank Live – Annual Meetings RECAP 2022
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)
Annual Meetings Live Events
October 10-16, 2022
Join leaders, experts and activists to discuss how we can best respond to the multiple overlapping crises facing developing countries. How can we work together to navigate an uncertain world? Read more
Set reminders to join the live events and post questions for our development experts.
Read the kickoff blog and check back for regular updates about the week ahead.
TAKE THE QUIZ
Follow simultaneous translations of our public events in Arabic, French and Spanish.
Live Events and Virtual Q&As
Join us for a series of high-level live conversations with prestigious guests and experts from all over the world to learn about international development, global challenges and positive change for the most vulnerable.https://www.youtube.com/embed/hLz6lEzoSAk?wmode=opaque
Netherlands for the World Bank 
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