The invasion in Ukraine will have far-reaching economic and social impacts – well beyond 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.”
Higher prices are also impacting food security in some countries
WASHINGTON, Oct. 21, 2021—Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones.
Economic growth has the power to transform societies, boost prosperity, and enable citizens to thrive. But for that economic growth to benefit the poorest members of society, it must be accompanied by more and better jobs, one of main routes out of poverty. That is why job creation remains a top development priority—and a critical challenge.
As I prepare to head to Abidjan, Côte d’Ivoire, for the 2019 Development Finance Forum, it is useful to remember that the private sector is a key player in development. A vibrant private sector is a powerful driver of jobs and can underpin sustainable economic growth, fueling innovation and poverty reduction.
For African cities to grow economically as they have grown in size, they must create productive environments to attract investments, increase economic efficiency, and create livable environments that prevent urban costs from rising with increased population densification. What are the central obstacles that prevent African cities and towns from becoming sustainable engines of economic growth and prosperity? Among the most critical factors that limit the growth and livability of urban areas are land markets, investments in public infrastructure and assets, and the institutions to enable both. To unleash the potential of African cities and towns for delivering services and employment in a livable and environmentally friendly environment, a sequenced approach is needed to reform institutions and policies and to target infrastructure investments. This book lays out three foundations that need fixing to guide cities and towns throughout Sub-Saharan Africa on their way to productivity and livability.
Deadline: 03-Jul-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
The World Bank seeks the services of an internationally recognized consulting firm to conduct a study on the current and potential contribution of gas to the Indonesian economy as a basis for informing policy directions and specific reforms across a range of industrial, power, transportation and household uses. The work will evaluate the gas value chain in each use of gas to identify the direct and indirect economic benefits and co-benefits of gas use (e.g. pollution abatement, lower carbon, security). It will identify barriers to the optimal use of gas and opportunities to overcome these through policy actions and public investments, including inter alia gas price, allocation and fiscal regulations.
Deadline: 25-Apr-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
Objective: The study will assess the relationship between IFC investment in electricity generation, and employment and economic growth in Pakistan. It will have the following two components: 1. At the macro level, the study shall assess quantitatively the impact of the IFC investments on employment and economic growth (including access, prices, reliability). 2.At the micro level the study will focus in detail on 2 projects (selected by the IFC) to quantify their impacts and outline the channels through which these projects had an impact.
From basic financial services to board rooms, strengthening women’s role in finance is one of the keys to boosting economic growth.
In every country, women and men alike need access to finance so that they can invest in their families and businesses. But today, 42% of women worldwide – about 1.1 billion – remain outside of the formal financial system, without a bank account or other basic tools to manage their money.
Poor financial access makes it harder for these women to get ahead, but it also holds back development in many countries. This is because women tend to invest more of their money in education, health care and children’s welfare. These priorities not only strengthen their families but also underpin a society’s long-term strength.
To ensure better employment opportunities for the Bangladeshi labor force, in both local
and overseas job markets, skills development and vocational education has to be aligned with the market demand. The Skills and Training Enhancement Project (STEP) aims to strengthen public and private training institutions to improve the quality of skills training and employability of trainees, both at home and abroad, including those from disadvantaged socio-economic backgrounds.
Bangladesh economy has been registering steady economic growth of around 6 percent over the past decade. As local and global economic shifts continue toward industry and services, demand for skilled manpower is expected to rise at home and abroad. A labor-surplus country, the Bangladesh government is increasingly focusing on workforce development through technical and vocational education training (TVET). This is a timely response as the country prepares to accommodate and capitalize on the ongoing demographic dividend. However, poor training quality, low employability and inadequate wages plague the TVET sector, requiring interventions for addressing these issues.
Deadline: 01-Oct-2015 at 11:59:59 PM (Eastern Time – Washington D.C.)
The Kenya Investment Climate Program (KICP II) is in the middle of its implementation span, and seeks to engage a consulting firm to undertake a Mid-Term Review (MTR). KICP II aims at stimulating private investment (domestic, FDI and PPPs), leading to job creation and economic growth in the country. The MTR will provide an assessment of the program design, implementation progress and results accomplished towards intended targets to date.
You must be logged in to post a comment.