Blog by Alfonso Garcia Mora, World Bank Group
I had just arrived to Bali at a late hour in the evening to join the 2018 World Bank-IMF annual meetings when our group, visitors from more than 189 countries along with Indonesians on the island and neighboring communities were acutely woken up at dawn with magnitude 6.4 quake that struck off the coast. Early reports by the National Disaster Mitigation Agency indicated extensive damage to infrastructure and loss of lives in the span of a few minutes. The Indonesian response that followed revealed the difference disaster risk finance can bring to families, economies and societies at large. I was humbled by what I experienced and what we can contribute -as an institution together with our partners- to manage these acute disasters more prudently, effectively and humanely.
Deadline: 21-Jan-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)
The World Bank will employ the services of a specialized firm to conduct a diagnostic which shall help inform the design of interventions to support women-led SMEs (WSMEs) in Nigeria in accessing finance and markets. Specifically, this assignment includes:
i) Mapping: Gather evidence on target beneficiaries (women entrepreneurs with high growth potential) to develop a diagnostic tool and provide the basis for design of tailored capacity building. This will include a creation of a taxonomy for various types of WSMEs, a targeted database of WSMEs and data collection (targeted survey, focus groups, etc.) to help understand WSMEs’ capacity building needs;
ii) Ecosystem Diagnostic: The ecosystem diagnostic will identify and understand the perspective of the various stakeholders affecting the ability of women entrepreneurs to start and grow a business (investors, customer base, competitors, business associations, business development service providers, government agencies, etc.). Focus groups and interviews will help understand the gap, market and institutional, between what is available and what is required for WSMEs to access finance and take advantage of market opportunities;
iii) Market assessment: Mapping of bank and non-bank providers, products, and regulatory barriers, including for Fintech adoption, to inform design of FinTech solutions/movable asset-based lending, and/or savings products tailored to WSMEs’ needs.
Achieving sustainable development depends on incremental investments in six priority transformations: building human capacities (health, education, new job skills); decarbonising energy; promoting sustainable agriculture and biodiversity; building smarter cities; implementing the circular economy; and harnessing the digital revolution. As such, sustainable development and the 17 Sustainable Development Goals (SDGs) in particular pose a financing challenge. There are three distinct financing conundrums to solve: financing complex infrastructure, financing public services and amenities, and shifting investments from unsustainable to sustainable technologies. I discuss these in turn.
Deadline: 23-Oct-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
The World Bank is supporting the Government of Indonesia to address critical urban flood risk management and investment needs in Indonesia. This technical assignment will assist with the development of a conceptual framework design for a national urban flood risk reduction investment program, which could comprise risk reduction investments, technical capacity building, knowledge sharing, and innovation generation. The key output will be a conceptual framework and sustainable implementation model for the proposed program that addresses the identified needs through proposed financial and organizational arrangements; makes recommendations for any needed regulatory/institutional/financial arrangements; and propose an overall action plan and timeline to put the program into effect. The team will be expected to provide technical advice on public financial management, municipal finance, disaster risk management, flood risk management, and urban development.
Deadline: 17-Sep-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
Assignment Description: infoDev is conducting an end-of-program evaluation of EPIC to assess the effectiveness, efficiency, relevance, and sustainability of the program, as well as to extract lessons that can recommend effective operational approaches for the future implementation of entrepreneurship development programs in the region. The main objective of the assignment is to carry out an independent end-of-program evaluation of the EPIC program, in compliance with Trust Fund agreement.
Fiscal Year 2018 sets record with $20.5 billion in finance for country-level climate action
WASHINGTON, July 19, 2018 – The World Bank Group announced today that in fiscal year 2018, 32.1 percent of its financing had climate co-benefits – already exceeding the target set in 2015 that 28 percent of its lending volume would be climate-related by 2020. This amounted to a record-setting $20.5 billion in climate-related finance delivered in the last fiscal year – the result of an institution-wide effort to mainstream climate considerations into all development projects.
The 28 percent target was a key goal of the Bank Group’s Climate Change Action Plan, adopted in April 2016, and was designed to support countries to deliver on their national goals under the Paris Agreement on climate change.
An increase of nearly 30 per cent on the previous year, boosting projects that help developing countries cut emissions and address climate risks.
WASHINGTON, June 13, 2018 – Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 per cent on the previous year.
Submitted by H.M. Queen Maxima of The Netherlands on June 14, 2018
—creating a financial system that works for all and opens the doors to greater stability and equitable progress.
This has been a demanding challenge. At the start of our engagement on financial access back in 2013, we said that having a real target with an end date would keep us focused and give us a benchmark against which we could measure progress.
Last month we learned that we have made strong and consistent progress—a real cause for celebration. According to the Global Findex database, more than half a billion people gained a financial transaction account over the last three years, thanks to a combination of technology, private investment, policy reforms, and support from the global community.