Tag Archives: Foreign aid

Once again, IDA steps up with flexibility and resources amid crises

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It feels like a lifetime ago, but somehow also like it was yesterday, that the COVID-19 crisisida-hero.jpg descended upon our lives. It caused unimaginable upheaval—reversing gains and creating colossal new demands. As well-resourced countries worked quickly to protect their people, the World Bank’s International Development Association (IDA) stepped up to ensure the poorest people were not left behind in this race to recovery. 

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Shaping tomorrow’s debt restructuring system

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STORY HIGHLIGHTSyemen-fscpp

  • Food insecurity is among the most pressing challenges in Yemen and over half of the population is food insecure.
  • Yemen has suffered from a series of food crises and climate change increases the risk of further crises.
  • A food security crisis preparedness plan has been developed to mitigate the impact of future food crises.

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Confronting Geo-economic Challenges: A Conversation with World Bank Group President David Malpass

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As the U.S. continues to experience historically high inflation rates and increasing risks to its economy, it also faces a number of global geoeconomic challenges. These include the end of the era of globalization, rising financial instability and pressures to increase the production of certain strategically important goods for domestic use or export to friendly neighbors. Meanwhile, the U.S. and other countries are also contending with the economic implications of social, political and technological developments, such as population aging, greater competition from abroad, growing inequality, innovation and its impact on the labor market, and the global transition to cleaner energy sources.

On May 22 at Baker Hall, World Bank Group President David Malpass joined John W. Diamond, Director of the Center for Public Finance at the Baker Institute, to discuss the geoeconomic challenges — and opportunities — facing the United States and the world, and how to navigate them.

This event was sponsored by the Baker Institute Center for Public Finance. 

 

 

Publication: Brazil Country Climate and Development Report

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Abstract
Brazil is highly exposed to climate change risks. The impacts of global climate change risks and local practices on the Amazon and Cerrado biomes are of particular concern, as they provide vital ecosystem services to Brazil, the South American region, and the world. The Brazil Country Climate and Development Report (CCDR) examines the implications of climate change and climate action for Brazil’s development objectives and priorities. It identifies opportunities for Brazil to achieve both its development goals and its climate commitments. It lays out a combination of sectoral and economy-wide policy reforms, as well as targeted investments in near- and medium-term mitigation and adaptation measures to achieve more rapid and inclusive development with lower greenhouse gas (GHG) emissions. The idea is to maximize synergies between climate and development objectives, while addressing trade-offs among policy objectives and key transition challenges.
 
 
 

 

Shaping tomorrow’s debt restructuring system

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As the debt crisis has unfolded in many of the world’s poorest countries, much attention has debt_blog_shutterstock_1699344271_1140x500.jpgfocused on seeking individual debt restructurings through the G20 Common Framework. This remains a priority, but the implementation remains slow and lacks the predictability needed to provide debtors and creditors with confidence. The Global Sovereign Debt Roundtable and the April 26 World Bank debt conference, Breaking the Impasse in Global Debt Restructuring, discussed effective debt restructurings and debt sustainability.  The conference also addressed how to avoid excessive debt build-up; and pressing questions regarding the debt sustainability implications of a decline of net international reserves into negative territory as countries draw on debt-like instruments such as swap lines. Following this week’s G7 Finance Ministers and Central Bank Governors meeting in Japan, we will publish the initial findings from a recent debt reconciliation initiative, which points to many technical challenges in agreeing on the amounts of debt to be treated in a restructuring.

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