Tag Archives: Finance

World Bank Group Exceeds its Climate Finance Target with Record Year

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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 appyear 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.

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MDB Climate Finance Hit Record High of US$35.2 billion in 2017

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1395245055298An 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.

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Achieving Financial Inclusion: Fintech, account usage, and innovation

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Submitted by H.M. Queen Maxima of The Netherlands on June 14, 2018

For almost a decade, the global community and national governments have made concerted efforts to expand financial inclusion—creating a financial system that works for all and opens the doors to greater stability and equitable progress.

madagascar_0This 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. Since 2011, the share of adults with formal accounts has risen from 51 percent to 69 percent, and financial access has expanded to include an additional 1.2 billion people.

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eC2: Developing Agri-finance value proposition and digitizing Agri Value Chains

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Deadline:  07-May-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) agriculture-youth

Objective: IFC advisory services program for agriculture finance, under the Financial Institutions Group (FIG) department was approved and launched in 2015. The 5-year program works with commercial banks, microfinance banks, non-bank financial institutions such as leasing, insurance companies, and commodity exchanges amongst various players to develop a broad range of financial services for the agriculture sector, including credit, savings and transactional products. The program supports IFC financial institutions clients to increase lending to the agriculture sector and to indirectly create access to finance opportunities for smallholder farmers in Sub-Saharan Africa. IFC Digital Financial Services (DFS) advisory services program, also under the FIG department, supports microfinance institutions (MFIs), banks, and mobile network operators (MNOs) across the African continent to develop and text innovative business models for financial inclusion.

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eC2:Agriculture sector and crop value chains mapping and finance gap assessment in Sierra Leone and Senegal

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pexels-photo-264537.jpegDeadline:  21-Mar-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

Objective: The IFCs FIG aims to reduce the agribusiness finance gap in emerging markets and achieve large-scale food-supply impact in Sierra Leone and Senegal, by providing financial institutions (FIs) with Investment and Advisory Services. FIG would like to hire a consulting firm to carry out a mapping exercise of the agricultural sector and some pre-selected crop value chains, aligned to the agricultural development policy and/ or strategy of the country. This will include a detailed analysis of the value chain actors and facilitators, the role and impact of FIs (banks, micro-finance institutions, savings and credit co-operatives) and an assessment of the existing and potential financial services delivery channels, especially agency banking and DFS, with respect to rural smallholder farmers.
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eC2:Agriculture sector and crop value chains mapping and finance gap assessment in Mozambique and Malawi

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Deadline: 21-Mar-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) agriculture-youth

Objective: The IFCs FIG aims to reduce the agribusiness finance gap in emerging markets and achieve large-scale food-supply impact in Mozambique and Malawi, by providing financial institutions (FIs) with Investment and Advisory Services. FIG would like to hire a consulting firm to carry out a mapping exercise of the agricultural sector and some pre-selected crop value chains, aligned to the agricultural development policy and/ or strategy of each country. This will include a detailed analysis of the value chain actors and facilitators, the role and impact of FIs (banks, microfinance institutions, Savings and Credit Co-operatives) and an assessment of the existing and potential financial services delivery channels, especially agency banking and DFS, with respect to rural smallholder farmers.

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eC2: Assessing the Business Opportunity of Women Markets for Financial Institutions in Tunisia and Egypt

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Deadline: 11-Nov-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)

Objective: The International Finance Corporation (IFC), the private sector arm of the Word Bank Group, partners with Financial Institutions (FIs) through the provision of Advisory and Investment Services to build their capacity in order to recognize and serve women markets. Through the MENA Women Banking Champions Program, IFC aims to build capacity of FIs to cater to Women segments; (as entrepreneurs/professionals, employees, housewives, pensioners, etc.) in a sustainable and profitable manner. IFC is recognized as a leader in this space, evident by its previous successful engagements of establishing Women Banking Champions across the MENA region and globally. To support FIs in Tunisia and Egypt, IFC will be selecting a consulting firm to develop a market research to Assess the Business Opportunity of Women Markets for Financial Institutions in each country. The main objective is to size the business opportunity for FIs and identify the demand/needs for financial services of Women Markets.

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eC2: Designing Bankable Standard Agreements (Power Purchase Agreement, the Direct Agreement and the Investment Agreement) for Electricity Offtake and Financing in Belarus

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Deadline: 31-Oct-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)

bankingObjective: IFC is seeking to hire a legal consulting firm (the Consultant) to provide services for designing Bankable Standard Agreements, namely, electricity offtake agreement, direct agreement and investment agreement templates. The Bankable Standard Agreements (PPA, DA & IA) templates designed by the Consultant should enhance bankability of renewable energy projects while addressing the interests of main stakeholders: government, private companies, commercial banks, IFIs and electricity consumers. IFC is seeking qualified local/international Belarus legal consulting firm with local presence to design Bankable Standard Agreements, based on global best contractual & investment practices and in accordance with project finance principles for RES projects. To provide applicability of designed Bankable Standard Agreements in Belarus, the Consultant must ensure that designed Bankable Standard Agreements are aligned with the Belarusian legislation and their provisions are consistent with each other.

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Last available seminars during the Annual Meetings 2017

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Today there were be held three seminars during the Annual Meetings 2017, which contains developments within Skills for Success in a Transforming Africa, Women-owned Business and Maximizing Finance for Development. Make sure you will attend those meetings through de WorldBank Live. If you are interested in last week’s Annual Meetings program, click here. In case you are interested in the upcoming Meeting of the World Bank Group and the IMF: the Spring Meetings take place in the week of the 16th of April 2018. During these meetings the events will also be available for the wide audience through World Bank Live, so make sure you join these events live!

WB HQ

 

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Women and finance: unlocking new sources of economic growth

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From basic financial services to board rooms, strengthening women’s role in finance is women-finance-blogpost.jpgone 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.

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