Recap: IMF & WBG Annual Meetings 2024

From October 22 to 26 the World Bank Group (WBG) and International Monetary FundAM-2024-1(IMF) Annual Meetings took place in Washington D.C.:

This year the Minister for Foreign Trade and Development Aid (BHO), Reinette Klever, could not attend and was represented by Finance Minister, Eelco Heinen. Beyond that numerous other Dutch Government and Banking Officials (including from Aruba and Curacao) were present.

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Haiti’s food crisis needs long-term solutions

Imagine being hungry but feeling too scared to go outside your home to buy food. And even if youBlogHaitiFoodSecurity-1_1140x500 venture to the store, you might find empty shelves because farmers and food suppliers dare not stock them.

This is the daily horror many Haitians face as armed gangs rampage in cities and the countryside. Five million Haitians, or nearly half the population, are going hungry and thousands are imperiled by famine.  

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New Hope: Ethiopia’s Bold Move Grants Refugees the Right to Work

In a bustling marketplace on the outskirts of Addis Ababa, Lula Maygag Guray’s food stall humsLula-Maygag-Guray-Somalia-780 with activity. The smell of injera and samosa draws a crowd each day. However, ever since she arrived in Ethiopia, Lula has run her business informally because she did not have the right to work as a refugee. Continue reading

Why economic inclusion is key to reducing poverty and empowering people

As the world grapples with complex global concerns like poverty, inequality, and climate change,economic-inclusion-1140x500_1140x500 it’s the poorest communities that are often hardest hit and the most challenging to support. 

To address these pressing issues, the World Bank Group has set ambitious goals to provide social protection measures to at least 500 million people by 2030, including 250 million women. 

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Multilateral Development Banks to Boost Climate Finance

BAKU, 12 November 2024 – Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.

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World Bank Expands Lifeline to Small States hit by Disasters

BAKU, November 12, 2024—The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing small, vulnerable states to postpone loan and interest repayments after a catastrophic event—so governments can focus on recovery rather than paying off debt.

1.2 Billion People at High Risk from Climate Change Worldwide

 

Washington, October 31, 2024—1.2 billion people face life-changing risks through exposure to at least one critical climate hazard, such as heatwaves, flooding, hurricanes, and drought. However, a new report from the World Bank Group outlines how faster development and sustainable economic growth can reduce climate change-related economic and quality of life losses.

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Japan Signs $1 Billion Portfolio Guarantee with World Bank

Guarantee will free up additional financing to support crucial projects  

WASHINGTON, October 25, 2024—Japan signed a $1 billion portfolio guarantee agreement on Friday that will scale up financing from the International Bank for Reconstruction and Development for projects that address global challenges.

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World Bank Group Advances Gender Strategy, Unveils Economic Opportunity Ambitions

New targets aim to accelerate use of broadband internet, social protection programs, and capital by 2030

WASHINGTON, Oct. 24, 2024 – The World Bank Group today took the first steps toward implementing  Gender Strategy 2030, announcing a set of actions and concrete goals that aim to boost economic opportunities for more women.

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Global Food and Nutrition Security Dashboard

Latest Update – September 30, 2024

Domestic food price inflation remains high in many low- and middle-income countries. Inflation higher than 5% is experienced in 77.3% of low-income countries (18.2 percentage points higher since the last Update on June 27, 2024), 54.3% of lower-middle-income countries (8.7 percentage points lower), 44% of upper-middle-income countries (8.0 percentage points higher), and 10.7% of high-income countries (0.2 percentage points lower). In real terms, food price inflation exceeded overall inflation in 55.6% of the 167 countries where data is available.

Download the latest brief on rising food insecurity and World Bank responses