Tag Archives: Financing

We need to change the way we support refugees – now !

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We are at a pivotal moment in shaping the future of education. The potential for generative AI to improve teaching efficiency and enhance teacher effectiveness is immense.  It’s a potential that is in the process of being realized in small classrooms and large educational systems alike.

Teachers are arguably the most important school-based determinant of whether and how much students learn. Given this complex and important job, how can generative AI-driven technologies help teachers, and what policy measures should be prioritized to harness the potential of the technology?

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2024 Spring Meetings: Vision to Impact

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Mark your calendars for the 2024 Spring Meetings. We will come together April 15-20 to explore how to tackle global challenges head-on, including solutions to ramp up finance and knowledge, foster private sector investment, and prepare for future crises. Tune in as we livestream high-level events.

Spring Meetings

Global Emerging Markets Risk Database (GEMs) Consortium

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Leveraging data from Multilateral Development Banks and Development Finance Institutions to support investment and development.

GEMs, the Global Emerging Markets Risk Database Consortium (GEMs), was established in 2009 as a joint initiative between the European Investment Bank (EIB) and IFC and has since grown to comprise 25 MDBs and DFIs.

GEMs is one of the world’s largest credit risk databases for the emerging markets operations of its member institutions, comprised of Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs). The database pools credit risk data on private/sub-sovereign lending in Emerging Markets and Developing Economies (EMDEs) and provides members with additional relevant statistics.

The GEMs Consortium has published for the first time the recovery rates of investments with private and sub-sovereign borrowers in EMDEs for the period 1994-2022. The statistics are collected from the group of 19 multilateral development banks and development finance institutions that are members of the GEMs Consortium and are available online for free on the GEMs website.

“The GEMs Consortium, co-founded by the EIB and the World Bank Group, is an example of how we can have a far greater impact when we work together. The publication today and sharing of information with public and private sector partners is a direct response to the call by the G20 for International Financial Institutions to support reform of the financial system by sharing data and expertise more widely. I’m hopeful that this first important step will help us all to drive transformative investments in emerging markets and developing economies.”  

– Nadia Calviño, President of the European Investment Bank.

Joint World Bank, UN Report Assesses Damage to Gaza’s Infrastructure

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Damages to Physical Structures Estimated at $18.5 billion as of end January

WASHINGTON, April 2, 2024 – The cost of damage to critical infrastructure in Gaza is estimated at around $18.5 billion according to a new report released today by the World Bank and the United Nations, with financial support of the European Union. That is equivalent to 97% of the combined GDP of the West Bank and Gaza in 2022.

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Voices from Western and Central Africa: Standing Up for the Power of Girls

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STORY HIGHLIGHTSpower-of-girls-western-and-central-africa-v6

  • Women and girls across the African continent yearn for learning and dream of a better future where they can pursue their education, stay healthy, find work, and care for their families at the same time.
  • Many countries in the region are taking steps towards political and economic inclusion. The latest World Bank’s Women, Business, and the Law report highlights that Sub-Saharan Africa continues to advance reforms to close the legal gender gap, but a broad gap remains between laws on paper and the reality on the ground.
  • Here are five stories of change that highlight voices of girl champions from the region having ripple effects within their communities and entire countries and economies.

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AI and climate: Tackling challenges and embracing change with a people-centered approach

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In May 2023, a World Bank team visited Secunda, a South African town defined by Sasol’sadobestock_654567898_blog.png unique commercial coal-to-liquids facility, to participate in a workshop on just green transition in Mpumalanga’s coal-rich region. During the workshop, diverse voices from community leaders and global experts discussed the monumental challenges of a green transition, a conversation echoing far beyond the borders of this small town. 

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MCC Webinar: Procurement@20: The Revised Procurement Framework

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The Millennium Challenge Corporation (MCC) will host a “Procurement@20: The Revised Procurement Framework” webinar on April 3, 2024, from 10:00 AM to 11:00 AM (U.S. EST).

RSVP

We will host the same webinar in French on April 25, 2024, from 10:00 AM to 11:00 AM (U.S. EST).

Under Procurement@20, MCC has revised the policy, guidelines, and tools that MCC partner countries use to contract with private sector firms, aiming to streamline and accelerate the procurement and contracting process. These revisions will be shared with webinar attendees and MCC staff will be on hand to answer any questions.

Procurement and business opportunities, along with other ways to work with MCC are available on our Work With Us page.

There is no cost to attend the webinar.

IDA Helps to Weave the Fabric of Global Social Protection

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Every two months, Marcelina Ngandu collects her cash transfer from the ZambianIMG_7108 government and invests it in her small doughnut business. “I buy baking flour and make doughnuts for selling,” says Marcelina, a widow, who uses the money she makes to support her late sister’s five children. “From my last bi-monthly payment of 300 Kwacha ($14), I made doughnuts and sold them for 400 Kwacha that helps me pay for school fees for the orphaned children I look after. I urge all other widows to not only eat the money but grow it like I do.”

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World Bank Group Statement of Support to Egypt’s Development and Reform Efforts

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The World Bank Group is committed to its long-term strategic partnership with Egypt and supports the measures the country is taking for its economic recovery and restoring a sustainable path for inclusive growth. 

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