The preparation of a new IBRD project: Sustainable Fisheries Development Project (SFDP) is underway. One of the key objectives of SFDP is to help achieve sustainable intensification of aquaculture (shrimp aquaculture/mariculture) to overcome sectoral challenges, such as limited application of good aquaculture practice (GAP), disease outbreaks and low productivity. In this context, the objective of the consultancy is to provide recommendations for enhancing sustainability of Vietnams aquaculture industry under SFDP and beyond, focusing on the following four priority areas: 1) Improving shrimp aquaculture value chain (facilitating adoption of advanced technology, compliance with certifications, and effective support provision to small-scale farmers); 2) Modeling the carbon/environmental footprint of different shrimp aquaculture models; 3) Conducting a SWOT analysis for mariculture species (mollusks and crustaceans); and 4) Providing inputs into governments FS of SFDP. The assignment would be conducted by a firm or a team of experts, including at a minimum: a) team leader/international aquaculture expert; and b) shrimp aquaculture value chain expert; c) environmental management expert; and d) mariculture expert.
As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the COVID-19 (coronavirus).
Through this new fast track package, the World Bank Group will help developing countries strengthen health systems, including better access to health services to safeguard people from the epidemic, strengthen disease surveillance, bolster public health interventions, and work with the private sector to reduce the impact on economies. The financial package, with financing drawn from across IDA, IBRD and IFC, will be globally coordinated to support country-based responses.
For over 70 years, the World Bank Group has successfully raised funds in the capital markets to invest in development projects. Through its arm for middle-income countries, the International Bank for Reconstruction and Development (IBRD), the World Bank Group funded public sector projects like roads, green energy, health or education systems; and through the International Finance Corporation (IFC), it provided capital to the private sector in developing countries to help businesses grow and provide jobs, taxes and other wider societal benefits.
Funding for 2021-2025 includes a significant boost for adaptation and resilience
Washington DC – 3 December, 2018 —The World Bank Group today announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. The new plan significantly boosts support for adaptation and resilience, recognizing mounting climate change impacts on lives and livelihoods, especially in the world’s poorest countries. The plan also represents significantly ramped up ambition from the World Bank Group, sending an important signal to the wider global community to do the same.
Despite expectations that growth will be robust in the near term, developing countries face challenges to keep up the pace of progress and ensure inclusive, sustainable growth amid structural changes to the global economy. The World Bank Group is uniquely placed to address global challenges and help countries achieve their goals in today’s increasingly complex development landscape.
Swedish Insurance Group Folksam invests in World Bank bonds to raise awareness for health, gender, responsible consumption and production, and climate.
WASHINGTON, February 12, 2018 – The World Bank (IBRD) has issued a US$350 million bond that raises funds for its development activities around the world, while highlighting four of the 17 Sustainable Development Goals (SDGs). The sole investor in the bond is the Folksam Group, one of Sweden’s leading insurance and investment management companies.
Economic growth has the power to transform societies, boost incomes, and enable citizens to thrive, but growth alone is not enough. To reduce poverty and ensure shared prosperity, growth that creates more, better, and inclusive jobs is needed. Good, inclusive jobs are the surest pathway out of poverty. In recent years, the World Bank has supported countries’ jobs agenda by helping to provide skills training to job seekers; to finance loans for micro and small enterprises; and to leverage financing in support of private-sector employment growth; among other interventions.