The World Bank Group and Ukraine

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The invasion in Ukraine will have far-reaching economic and social impacts – well beyond780-ukraine-030722 the immediate impact it is already having on the lives and livelihoods of those in the country. The World Bank Group continues to coordinate with Ukraine and other development partners to assess these costs and develop a robust response to help the Ukrainian people during this difficult period.

The World Bank’s overall portfolio of projects in Ukraine supports improvements in basic public services, in areas such as water supply, sanitation, heating, power, energy efficiency, roads, social protection, education and healthcare, and private sector development. Since Ukraine joined the World Bank in 1992, the Bank’s commitments to the country have totaled more than $14 billion in about 90 projects and programs.

“We are a long-standing partner of Ukraine and stand with its people at this critical moment.”
David Malpass
President, World Bank Group
 

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Remarks by World Bank Group President David Malpass at the Ninth World Water Forum in Dakar, Senegal

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As Prepared: bf-hauling-water-on-bike-cifor-flickr

President Sall, Presidents, Distinguished Guests, Honorary Speakers, Friends,

Thank you for inviting me to speak at the opening of this year’s World Water Forum. This is a timely and historic event—the first time this forum has met in sub-Saharan Africa. 

Thank you to the organizers for focusing this year’s Forum on Water Security for Peace and Development. Now more than ever, the world needs more peace and more development.  

The recent trends for both these imperatives are disheartening.  

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How to Work with IFC

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IFC, a member of the World Bank Group, is the largest global development institution focusedlogo_ifc exclusively on the private sector in developing countries.

 

We utilize and leverage our products and services—as well as products and services of other institutions in the World Bank Group—to provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges. Working in more than 100 countries, IFC committed a record $31.5 billion in own-account investments and mobilization from third parties to private companies and financial institutions in developing countries in fiscal year 2021 (FY21).

 

IFC FACT SHEET

 
 
 

World Bank Announces Additional $200 Million in Financing for Ukraine

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Financing will support essential social services; combined total of World Bank-mobilized support for Ukraine now stands at more than $925 million

WASHINGTON, March 14, 2022— The World Bank today announced nearly $200 million in additional and reprogrammed financing to bolster Ukraine’s social services for vulnerable people. This comes on top of the $723 million mobilized for Ukraine and its people last week, of which $350 million has already been disbursed to Ukraine. This financing is part of the $3 billion package of support that the World Bank Group previously announced it is preparing for Ukraine over the coming months.

The combined total of support mobilized by the World Bank for Ukraine now stands at more than $925 million. As part of the mobilization efforts, Austria has contributed €10 million ($11 million equivalent) to the multi-donor trust fund (MDTF) set up by the World Bank to facilitate channeling grant resources from donors to Ukraine. This raises the current MDTF total to $145 million.

“The ongoing war continues to have severe human costs and has created financing gaps that jeopardize the ability of vulnerable people in Ukraine to meet basic needs,” said World Bank Group President David Malpass. “This rapid support will help to bridge those gaps during a time of extreme disruption as we work on broader support efforts for Ukraine and the region.”

While the full impact remains uncertain, the Russian invasion of Ukraine is causing a growing number of civilian casualties, destroying livelihoods, and damaging critical civilian infrastructure, including homes, water and sanitation, schools, health facilities and highways.

The World Bank in Ukraine

We are losing a generation: The devastating impacts of COVID-19

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Governments across the globe will spend about $5 trillion on K-12 education this year.  Butindermit_leadunless they get all children and young people back to school, keep them in class, and recover the central elements of learning, this generation could lose twice or three times that amount in earning losses.

The first impact was the millions of lives lost due to the disease caused by the COVID 19 virus. The second was the human suffering caused by job instability and poverty. The third is on children and youth who should have been in school but were told to stay at home.

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eC2: Scaling Wind Country Profiles

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Deadline: 07-Apr-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

Wind turbine farm

Wind turbine farm07-Apr-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

IFC is seeking a Consultant to develop country-specific reports that identify potential areas for wind development using satellite mesoscale data and high-level E&S constraints mapping (Country Profiles). The Consultant will create 10-15 Country Profiles, which will facilitate IFCs business development efforts across the world.

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eC2: Climate Smart Agri Value/supply chains Specialist STC

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Deadline:  24-Mar-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

Agricultura digital

The objective of this assignment is to assist IFCs CF (FIs) in the Africa Region, to develop and grow their agri supply/value chains, cooperatives and FPOs (referred to as segment) portfolio and pipeline of eligible CSA assets.

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