Tag Archives: Fact Sheet

Coming out of the COVID-19 Pandemic

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Doing business with the International Financial Institutions (IFI’s) / Multilateral Development Banks (MDB’s)

After a bit of a break we are excited to share this latest Newsletter with you and reintroduce image8326522ourselves!

We hope all of you got through the COVID-19 pandemic safely and well. Although, life is getting back to (the new) normal, travel is still somewhat difficult and many offices are not fully open yet.

The World Bank Group Headquarters is currently at 50% capacity and slowly opening up to visitors again, the recent Spring Meetings were still held in a hybrid format. Nonetheless, business must go on albeit via email/Zoom/Teams etc.

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Tools for Success

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The handbook, “Zakendoen met de Wereldbank Groep” created by The Netherlands World Bank building Embassy in Washington, D.C. provides interested Dutch companies and organizations with a basic introduction to the World Bank Group. Besides the handbook we also created fact sheets which include information on project cycles as well as bank jargon which will be good to know when working with the World Bank Group.

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Braving the Storms: The outlook for East Asia and the Pacific, illustrated

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The Russian invasion of Ukraine threatens the uneven recovery of developing East Asia and Pacific (EAP) countries.   The invasion comes on top of the economic distress caused by the lingering COVID-19 pandemic, the financial tightening in the United States, and the pandemic resurgence and the economic slowdown in China. While commodity producers and fiscally solid countries in the region may weather these shocks with less difficulty, these events will dampen the growth prospects of most economies in the region. Overall economic growth is projected to slow to 5 percent in 2022— 0.4 of a percentage point less than expected in October.  If global conditions worsen and national policy responses are weak, growth could ease further.

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Are we ready for the coming spate of debt crises?

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Higher inflation. Slower growth. Tightening financial conditions.

In recent weeks, Russia’s invasion of Ukraine has exacerbated global economic risks.  There is a fourth element, however, that could make the mix combustible: the high debt of emerging markets and developing economies.

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Global Economic Prospects 2022

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The global recovery is set to decelerate markedly amid continued COVID-19 flare-ups, GEP-2022a-Front-Coverdiminished policy support, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies (EMDEs) will remain substantially below the pre-pandemic trend over the forecast horizon. The global outlook is clouded by various downside risks, including renewed COVID-19 outbreaks due to Omicron or new virus variants, the possibility of de-anchored inflation expectations, and financial stress in a context of record-high debt levels. If some countries eventually require debt restructuring,
this will be more difficult to achieve than in the past. Climate change may increase commodity price volatility, creating challenges for the almost two-thirds of EMDEs that rely heavily on commodity exports and highlighting the need for asset diversification. Social tensions may heighten as a result of the increase in between-country and within-country inequality caused by the pandemic. Given limited policy space in EMDEs to support activity if needed, these downside risks increase the possibility of a hard landing. These challenges underscore the importance of strengthened global cooperation to foster rapid and equitable vaccine
distribution, proactive measures to enhance debt sustainability in the poorest countries, redoubled efforts to tackle climate change and within-country inequality, and an emphasis on growth-enhancing policy interventions to promote green, resilient, and inclusive development and on reforms that broaden economic activity to decouple from global commodity markets.

 

Full Report

 
 
 

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

 
 
 

Save the date: February 1st, Compliance Event

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The World Bank Group has strict policies with regards to fraud and corruption. At times

Protect Integrity Development Projects Video Still

it is obvious what is accepted and what’s not, but every company runs the risk of being confronted with compliance questions. This could be due to a local partner getting compromised or a local authority is putting you in a difficult position. How can you protect your company from compliance issues, especially when working in “difficult” markets? What should a solid company compliance program entail? How do you engage your supply chain?

The World Bank Group and the Netherlands Enterprise Agency are organizing a joint Compliance event on February 1st, 2019 in The Hague. The event promises to take a very practical approach and will be focused on shedding some light on the above highlighted issues and questions. The World Bank will be explaining the major do’s and don’ts when working with the Bank and what it means to be under investigation. Of major value will be the exchange of practical experiences discussing ways to avoid compliance issues.

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