Insights & Opportunities Briefing: A dialogue with Corporate and Philanthropic Partners on the COVID-19 response.

December 8th, 2021          10am-11:30am EST           Virtual

We are pleased to invite you to join a dialogue and exchange of ideas on the COVID-19 response. We look forward to sharing an update on a few emerging priorities within the World Bank and exchanging insights including on the private and philanthropic communities’ response to the COVID-19 pandemic.   

Continue reading

Insights & Opportunities Briefing: A dialogue with Corporate and Philanthropic Partners on the COVID-19 response.

December 8th, 2021          10am-11:30am EST           Virtual

We are pleased to invite you to join a dialogue and exchange of ideas on the COVID-19 response. We look forward to sharing an update on a few emerging priorities within the World Bank and exchanging insights including on the private and philanthropic communities’ response to the COVID-19 pandemic.   

Continue reading

Insights & Opportunities Briefing: A dialogue with Corporate and Philanthropic Partners on the COVID-19 response.

December 8th, 2021          10am-11:30am EST           Virtual

We are pleased to invite you to join a dialogue and exchange of ideas on the COVID-19 response. We look forward to sharing an update on a few emerging priorities within the World Bank and exchanging insights including on the private and philanthropic communities’ response to the COVID-19 pandemic.   

Continue reading

Insights & Opportunities Briefing: A dialogue with Corporate and Philanthropic Partners on the COVID-19 response.

December 8th, 2021          10am-11:30am EST           Virtual

We are pleased to invite you to join a dialogue and exchange of ideas on the COVID-19 response. We look forward to sharing an update on a few emerging priorities within the World Bank and exchanging insights including on the private and philanthropic communities’ response to the COVID-19 pandemic.   

Continue reading

Harnessing transformative technologies to arrest the unfolding human capital crisis

On a global scale, the COVID-19 pandemic has dealt the greatest blow to families and childrensmartphones-acoss-lifecycle in living memory. Progress in human capital – the knowledge, skills, and health that people need to achieve their potential – is being reversed. Men, women, and children are facing unprecedented setbacks in health, education, livelihoods, and security – all with profound implications for their future prosperity. 

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Remittance Flows Register Robust 7.3 Percent Growth in 2021

WASHINGTON, Nov 17, 2021 — Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19, according to estimates from the World Bank’s Migration and Development Brief released today.

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Growth in a Time of Crisis: What’s Ahead for Developing Economies

The opening public event of this year’s Annual Meetings – Growth in a Time of Crisis: What’s Next for Developing Economies – delved into questions like these:

  • How can countries build back to a sustainable, resilient, and inclusive economic recovery while also investing in their people? 
  • What are the fundamental barriers to sustainable and inclusive growth in low and middle-income countries and fragile and conflict-affected settings, and what does the future of growth look like?
  • What types of policies are important to support inclusive growth for vulnerable populations? How can digital technology help ensure inclusion?
  • What’s needed to support private investment, especially small and medium enterprises, and create jobs in developing countries?
  • What role can central banks play to help spur job creation and investment?

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Making Climate Action Count: Turning Ambition Into Reality

Two weeks ahead of a pivotal meeting on climate change (COP26), the Annual Meetings event Making Climate Action Count: Turning Ambition Into Reality brought together global leaders, prominent climate advocates and climate champions from several countries to discuss what the world needs to do to meet the goals of the Paris Agreement. Followed on social media with the hashtag #Voices4Climate, the event also took the audience on a virtual journey around the globe, showing how countries from Vietnam to Brazil are working towards a more sustainable and resilient future.

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Trade to the Rescue: Unleashing Global Trade to Support Economic Growth

Expanding trade flows can be part of the solutions to global challenges, when accompanied by the right policies. World Bank President David Malpass and WTO Director General Ngozi Onkonjo-Iweala discussed how global trade has limited the extend of the current global recession and laid out the practical steps countries could take to spread the benefits of trade more widely. Trade costs, on average, are equal to a 114 percent tariff on imported goods in developing countries. Much of that burden on consumers is the result of inefficient border procedures and poor transportation infrastructure.  Trade facilitation reforms and investment in infrastructure could give a big boost to trade within regions. Betty Maina, Kenya’s Minister of Industrialization, Trade and Enterprise Development, spoke of how trade liberalization is a central part of her country’s aspirations for incomes and development.

“Trade can be a powerful catalyst for growth and social economic development and poverty reduction, particularly if we implement it with the poor in mind,” Maina said.

Leaders from the public and private sectors discussed the importance of investments in logistics and expanding trade finance that could strengthen the contribution of trade to economic recovery, and noted the ways that trade could help developing countries mitigate and adapt to climate change.