eC2: China Agricultural Weather Index-based Insurance (WII) Project-WII Product Design and

Deadline: 28-May-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) afr-improving-weather-forecasts-can-reduce-losses-to-development-in-africa-780x439

The project team is seeking the services of a vendor/consultant with proven track records in designing successful agricultural Weather Index Insurance products in the China market, and having strong expertise in weather/loss data collection, processing, analysis, WII product modeling, pricing and conducting related research etc.

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Poorest, most vulnerable countries likely to be hit hardest from coronavirus

Democratic Republic of Congo. World Health Organisation.World Bank Group teams around the world remain focused on country-level and regional solutions to address the ongoing crisis. In this piece, President David Malpass highlights the progress the Bank Group has made in responding to the COVID-19 pandemic.

Related: The World Bank’s Managing Director for Development Policy and Partnerships, Mari Pangestu, shares her thoughts on how the world’s poorest will face the pandemic. The fight against COVID-19 requires concerted international effort, she wrote. “Going it alone will hurt the poorest and most vulnerable countries.”

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Which countries reduced poverty rates the most?

One of the goals of the World Bank Group is to reduce extreme poverty—defined as indexliving on less than $1.90 per day in 2011 PPP—to less than 3% by 2030. We know that the world has seen tremendous progress in reducing extreme poverty since 1990. So, where in the world has poverty reduction been most successful?

The graph below shows 15 countries that experienced the largest annual average percentage point declines in extreme poverty rate between about 2000 and 2015, out of the 114 countries for which we can measure poverty in a comparable way over this period.

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New monitoring methods and tools make development more effective

Informed decision making requires timely and relevant evidence. This holds for national logistics_management_information_system_sarah_farhatdecision makers as well as development practitioners. Here at the World Bank, we have been working on creative solutions that lower the cost of project monitoring and create feedback loops. These feedback loops allow decision makers to assess the impact of their actions and to plan course corrections where needed. They also serve as incentive to act, since most decision makers wish to avoid the possibility of their inaction being exposed in future rounds of feedback and data collection. Feedback loops thus improve development outcomes through two pathways: by providing timely and actionable information and by functioning as an accountability mechanism. SWIFT and IBM are two examples of new tools that make this kind of regular feedback affordable.

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Facing substantial investment needs, developing countries must sustainably manage debt

With just over ten years until 2030, developing countries face important and complex debt-socialmedia2.jpgchallenges around the Sustainable Development Goals (SDGs).  Not least of which is how to finance the investments needed to achieve them.

Estimates suggest that developing countries face a $2.5 trillion annual financing gap to meet the SDGs. Other studies conclude that the challenge of meeting this annual financing gap is substantial in low-income countries, which would require additional annual spending of 15.5 percentage points of GDP in 2030, focused relatively evenly on infrastructure and education and health.

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Year in review: 2018 in 14 facts

As 2018 has ended extreme poverty is at the lowest level in recorded history but is yearinreview2018expected to become increasingly concentrated in one region. A record number of people have been forcibly displaced from their homes, and an influential new report confirms we’re running out of time to limit global warming. Yet, innovation and disruptive technologies are helping to bring clean energy to millions and connecting hundreds of millions of people to the financial system. These 14 facts tell a story about the challenges we face — and the actions needed to create a more inclusive, sustainable world.

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Ending hunger to end poverty, ending poverty to end hunger

Last week we had World Food Day on October 16 and World Poverty Day on October 17.capture1_39  The good news from World Poverty Day is that there is global progress on reducing extreme poverty.  Based on the latest available data, it is estimated that in 2015 there were 736 million people living on less than US$1.90/day, which compares very favorably to the 1,895 million people living in extreme poverty in 1990.  And while the world’s population grew from 5.3 billion in 1990 to 7.4 billion in 2015, the poverty rate fell from 36 percent to 10 percent or 1 percentage point per year on average over this period. 

At the same time, progress in reducing extreme poverty has been uneven. There have been sharp reductions in absolute numbers in East Asia and the Pacific and in South Asia, but the number of people living in extreme poverty in Sub-Saharan Africa has increased significantly.

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Decline of Global Extreme Poverty Continues but Has Slowed

WASHINGTON, Sept. 19, 2018 Fewer people are living in extreme poverty around the world, but the decline in poverty rates has slowed, raising concerns about achieving theIDA goal of ending poverty by 2030 and pointing to the need for increased pro-poor investments, the World Bank finds.

The percentage of people living in extreme poverty globally fell to a new low of 10 percent in 2015 — the latest number available — down from 11 percent in 2013, reflecting steady but slowing progress, World Bank data show. The number of people living on less than $1.90 a day fell during this period by 68 million to 736 million.

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