A Strong Foundation for Greater Impact

devcomm_leaderDespite 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.

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A Strong Foundation for Greater Impact

devcomm_leaderDespite 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.

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Why investors must take a chance in the world’s most fragile countries

untitledFragility, conflict and violence affect more than two billion people across the globe. And while poverty on the whole is declining, that’s not the case in countries affected by conflict. It is these countries plagued by near-constant political and economic instability that are often the ones most in need of private investment. Yet they are also the places few private investors are willing to go. The risks seem to outweigh the rewards.

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A Call to Act and Invest for the Future

Global growth has strengthened over the past year, with a recovery in investment, trade, and commodity prices amid supportive global financial conditions. Still, downside risks remain, and prospects for growth vary widely across countries. The World Bank Group is uniquely positioned to help developing countries address the complex challenges that can threaten their gains in an increasingly interconnected global economy.

This was a key message from the Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, in a communiqué issued at the close of the institutions’ Annual Meetings in Washington.

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World Bank Mobilizes US$200 Million to Combat Cholera in Yemen

WASHINGTON, August 25, 2017 – The World Bank announced today an emergency

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US$200 million grant to support Yemen as it struggles to contain one of the world’s largest cholera outbreaks. This will strengthen the country’s health, water and sanitation systems, addressing the source of the epidemic and improving systems to prevent future outbreaks.
The integrated support package financed by the new grant will include the training of 7,500 health workers, strengthening the local capacity to treat and manage cholera cases, provision of bulk chlorination of water supplies, rehabilitation of critical wastewater treatment plants, supporting mass communication and social mobilization campaigns, and supporting one the largest ever cholera vaccine campaigns aiming to reach millions of Yemenis. Continue reading

eC2: Decision Tree Initiative – Multidimensional Risk Management of Flood Protection Infrastructure & Irrigated Cropland Expansion

Deadline: 20-Jul-2017 at 11:59:59 PM (Eastern Time – Washington D.C.) water

The Government of Kenya (GoK) is partnering with the International Development Association (IDA) of the World Bank to develop and implement the Kenya Water Security and Climate Resilience Program (KWSCRP). The detailed design for the LN irrigation scheme and flood dikes, will be completed for review by May 7, 2017, and construction contracts award expected in October -November 2017. The client is very interested in the climate change risk assessment and management for the flood protection infrastructure and irrigated cropland expansion as well as the resilience level of the integrated flood risk management system. The overall objective of the consultancy is to quantitatively assess the climate change risk vis-à-vis other risks unrelated to such change, followed by guidelines for a phased adaptation leading to increased resilience of the integrated Nzoia River Flood Program and irrigated expansion using the Decision Tree Framework.

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Time is Money: Transforming Dar es Salaam’s Road Transport to Reduce Dense Traffic

STORY HIGHLIGHTSTransport

  • World Bank Group President Jim Yong Kim and Tanzanian President John Magufuli unveiled the foundation stone for the Ubongo Interchange, which will ease transportation bottlenecks and help businesses.
  • The interchange is supported by a $225 million concessional credit from the International Development Association (IDA), in addition to an IDA Scale-up Facility Credit of $200 million.
  • Under the first phase of the Bus Rapid Transit system, roundtrip travel time on the corridor was reduced by 90 minutes a day, saving commuters 16 days of sitting in traffic.

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World Bank Group Announces Record $57 Billion for Sub-Saharan Africa

Funds will scale up investments and de-risk private sector participation for accelerated growth and development

BADEN BADEN, Germany, March 19, 2017— Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim today announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years. Kim then left on a trip to Rwanda and Tanzania to emphasize the Bank Group’s support for the entire region.

The bulk of the financing – $45 billion – will come from the International Development Association (IDA), the World Bank Group’s fund for the poorest countries. The financing for Sub-Saharan Africa also will include an estimated $8 billion in private sector investments from the International Finance Corporation (IFC), a private sector arm of the Bank Group, and $4 billion in financing from International Bank for Reconstruction and Development, its non-concessional public sector arm.

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10 Best World Bank Moments 2016

What will you remember about 2016? At the World Bank Group, it was a remarkable year that included a record IDA replenishment and a landmark speech by Michelle Obama. Get inspired by our Top Ten moments of 2016 and work together with us to help end extreme poverty and boost shared prosperity in the new year.

Global Community Makes Record $75 Billion Commitment to End Extreme Poverty

Targets fragility, refugees, climate change and other pressing challengesWorld Bank building

YOGYAKARTA, INDONESIA, December 15, 2016— A coalition of more than 60 donor and borrower governments agreed today to ratchet up the fight against extreme poverty with a record $75 billion commitment for the International Development Association (IDA), the World Bank’s fund for the poorest countries.

This is a pivotal step in the movement to end extreme poverty,” World Bank Group President Jim Yong Kim saidThe commitments made by our partners, combined with IDA’s innovations to crowd in the private sector and raise funds from capital markets, will transform the development trajectory of the world’s poorest countries. We are grateful for our partners’ trust in IDA’s ability to deliver results.”

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