Donderdag 13 februari 2025 | Den Haag
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Donderdag 13 februari 2025 | Den Haag
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ABIDJAN, December 5, 2024 – With support from the World Bank Group, Côte d’Ivoire will complete a debt-for-development swap, a transaction designed to improve the country’s debt profile and generate significant fiscal savings. The money saved by replacing expensive debt with cheaper financing will be used to improve education across the country. This will be the first debt-for-development swap of its kind supported by the World Bank Group.
For over six decades, the World Bank’s International Development Association (IDA) has
been a lifeline for low-income countries, providing them with affordable development funding when few other options exist. IDA has helped improve millions of lives and supported development results that have moved countries forward.
Over the past year, we have navigated an incredibly challenging global landscape—one marked by economic uncertainty, rising debt levels, climate shocks, and an ever-pressing need for human development. Yet, amid these challenges, something remarkable has unfolded: a collective effort, driven by the shared belief that we can do better, that we must do better, for the world’s most vulnerable.
Climate change is an urgent human crisis. Since 2022, 400 million students worldwide have
faced school closures due to extreme weather, with low-income countries losing an average of 18 school days each year. By 2050, the health costs of climate inaction may well surpass $21 trillion in low- and middle-income countries.
Antimicrobials, natural or manufactured substances that can resist and prevent the growth of
microbes such as bacteria, viruses, fungi and parasites, are essential for the health and welfare of both animals and humans.
On Wednesday, December 11 at 9:00 a.m. ET, we will host our FY 2025 First Quarter Business Forecast and Partner Update webinar.
You can click here to register.
Submitting Business Forecast Questions
About 3 months ago (September 2024) I started my position at the Dutch executive
director’s office at the World Bank. Coming from the NL Ministry of Finance, my previous job was coordinating the team responsible for World Bank, IMF and G20 matters where my focus was on the World Bank and sovereign debt. Great to be at the Bank now and to remain engaged – albeit in a different role – in the leading multilateral development bank.
In previous roles at the Ministry of Finance I focused on the European Investment Bank and on the NL budget. My expertise is in financial issues (capital increases, domestic resource mobilization, illicit financial flows, financial instruments). No surprises there when looking at my background.
At the Bank I will continue to cover those issues and IDA, climate including biodiversity & nature and procurement.
From 18 to 22 November, the Nature-Based Solutions (NBS) study tour took place in the
Netherlands. West African countries that are part of the WACA program (West African Coastal Areas Management Program) of the World Bank, visited various Dutch Nature Based water management Solutions. The delegation consisted of 22 participants including Worldbank staff, government officials and environmental experts responsible for water management (coastal erosion), from eight West African countries: Benin, Guinea-Bissau, Senegal, Togo, Ghana, Sao Tome & Principe, Gambia and Mauritania.
The World Bank group recently appointed a new Chief Procurement Officer, Hiba Tahboub.
Hiba Tahboub is the Chief Procurement Officer (CPO) of the Operations Policy and Country Services (OPCS) Vice-Presidency of the World Bank since September 2024. In this role, Hiba is strengthening the implementation of the Procurement Framework while supporting further innovation and alignment across Multilateral Development Banks (MDBs.) She champions simplification and efficiency in procurement processes while enhancing value-adding approaches and provides strategic oversight of operational procurement work across all regions, in support of the Bank’s corporate priorities. Since Ms. Tahboub just started and we haven’t provided a written procurement ( only webinar ) update we would like to share with you the following updates on operational and corporate procurement.
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