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.
“Moving towards a more responsible and efficient use of natural resources is key, not only to address resource scarcity, wastage, and the associated environmental effects, but also for incentivising innovation and modernisation towards a circular economy. Resource efficiency essentially means doing more with less, as it allows us to create more value using fewer natural resources. This transition can contribute to sustainable economic growth that generates welfare, while limiting harmful impacts on the environment and hence future generations.” Ángel Gurría, Secretary General, OECD (from Preface, Flachenecker & Rentschler, 2018)
Deadline: 31-Dec-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
To enhance connectivity and attract more public and private investments for
infrastructure in ASEAN, MPAC 2025 recommended the establishment of a rolling priority pipeline list of potential ASEAN infrastructure projects and sources of funds.
The Initial Pipeline consists of 16-20 projects submitted by the ASEAN Member States and selected and prioritized by the World Bank based on a screening and scoring process assessing key project factors such as strategic relevance, impact on regional connectivity, environmental and social impact, project feasibility, and the contracting agency’s implementation capacity.
In the next phase, the World Bank will undertake a financing options analysis of each of the projects in the Initial Pipeline to determine the best procurement option for the project i.e., to determine whether the project should be publicly funded, privately financed or funded/financed through a Public Private Partnership. Where a project already has a robust and recently conducted pre-feasibility or feasibility study, the information and data required to undertake such analysis should already be available. However, for those projects that do not have such a study available, it will be necessary to undertake the relevant studies and review.
Deadline: 18-Dec-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
The DRFIP is undertaking a four-year DRF Analytics Project to improve the understanding and to increase the capacity of governments to take informed decisions on DRF based on sound financial analysis. The objective of the project will be achieved through four outcomes:
i. Governments understand their financial risk related to natural disasters;
ii. Governments employ efficient financial/actuarial analysis, such as cost-benefit analyses, in the development of DRF strategies;
iii. Improved financial capacity to meet financial needs immediately following natural disasters; and
iv. Increased capacity in Governments to monitor and evaluate DRF strategies. Under this project a suite of interactive DRF quantitative tools will be developed which can be adapted and applied to support capacity building and decision making in countries.
Deadline: 08-Aug-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
The World Bank ECA Water team is considering different options to support client countries in the development of special financing facilities for water utilities, with a focus on facilities extending targeted lending to utilities for increasing their operational efficiency directly impacting their financial situation. A regional, multi-country or national financing facility would aim to achieve the following objectives: i) provide financing for small investments resulting in efficiency improvements which can contribute to achieving long term sustainability of WSS services; ii) improve cost recovery and financial sustainability and utility creditworthiness; and iii) contribute to building up a commercial banking market for WSS utility lending by developing the skills of commercial banks to take municipal/utility risk. See attached TOR for further details. The Firm to be selected will undertake a feasibility study to support the design of such financing facility.
The East Asia and Pacific region is vital to global pandemic preparedness. The region has been the epicenter of emerging and re-emerging infectious diseases. China and Southeast Asia alone accounted for approximately 90 percent of SARS cases and two-thirds of the human cases of avian influenza in the world. These outbreaks are driven by several socio-economic, demographic, environmental, and ecological factors, including close contact between humans and animals, encroachment with wildlife, high population density, rapid urbanization, high growth rates, and climate change.
Deadline: 05-Sep-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
Wastewater resource recovery is being implemented in many countries around the world but this is usually done in an ad-hoc basis and is not part of a long-term national strategy or policy. There are successes and failures around the world and information on the technological options abound, but there is much less information available on the institutional, regulatory and policy frameworks that incentivize these schemes nor on the financing/contractual arrangements behind these approaches. Many developing countries still think of wastewater as a waste; as something that needs to be treated and discharged. There is a need to move from a linear to a circular thinking.
Deadline: 06-Jun-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
The general objective of the assignment consists of establishing a term funding platform through capital markets for the renewable energy industry to provide an additional source of funds that would be comparatively inexpensive and could reduce the weighted average cost of capital for a given renewable energy project or portfolio, at the same time that the diversification of innovative financial products is increased, with advantageous cost, such Green Bonds and Asset Backed Securitization, to fund its operations over the mid- to long-term, aiming to attract a broader range of investors to the renewable energy market. As a first step, the main task consists of a detailed feasibility study to assess the viability of securitizing the underlying cash flows or power purchase agreement (PPA), of a given renewable energy portfolio of projects.
On Thursday September 15th the World Bank and the Government of Curaçao signed a Memorandum of Understanding (MoU) focused on strengthen the relations and promoting the exchange of knowledge and expertise in areas of mutual interest. The Country Director for the Caribbean at the World Bank Ms. Sophie Sirtaine came to Curaçao for the official signing ceremony. The Government of Curaçao was represented by the Minister Economic Development.
The Minister of Finance was also involved in the process to get to this MoU. Both ministers were happy this MoU was signed as it is an expression of Curaçao’s desire to establish meaningful working relationships with strategic international partners in support of Curaçao’s long term sustainable development goals.