World Bank Group Delivers Record $31.7 Billion in Climate Finance in Fiscal Year 2022

Financing focuses on helping countries reduce GHG emissions and adapt to mounting impacts of climate change

WASHINGTON, September 7, 2022 – The World Bank Group delivered a record $31.7 billion in fiscal year 2022 (FY22) to help countries address climate change. This is a 19% increase from the $26.6 billion all-time high in financing reached in the previous fiscal year. The Bank Group continues to be the largest multilateral financier of climate action in developing countries.

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Latin America isn’t at risk of a 1980s-style crisis (but an era of missed opportunities looms)

Food lines that stretch across multiple city blocks. Spiraling unemployment. Out-of-control inflation. Unsustainable debt. These issues, which traumatized many economies across Latin American in the 1980s, continue to reverberate today and,brazil_hero.jpg given current economic conditions, you could be forgiven for fearing that history is about to repeat itself.

However, the region’s biggest risk at present is not another “lost decade” fueled by financial crises, but rather a decade of missed opportunities. 

The debt crises of the 1970s and 1980s were searing experiences that find an echo in today’s troubles. Then, as now, Latin American countries had large debt loads. Then, as now, the global economy experienced unique macroeconomic shocks that sent inflation soaring (the Arab oil embargo then; the pandemic and Ukraine war now). And then, as now, central banks around the world – especially the US Federal Reserve – were raising rates to fight inflation.

 

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Smarter taxation can help boost government revenue and health outcomes

The shockwaves of the war in Ukraine hit many countries while they were still reeling from the COVID-19 pandemic. For many developing countries, the fiscal challenges have mounted ever since—the result of surging food, fertilizer andhealth_tax_blog_1140x500_1.png energy prices, rising interest rates, and slowing growth.

In response to the overlapping crises, nearly all countries increased their overall government and health spending. But only a few of them—mostly high-income countries—will be able to sustain these levels in the years ahead. Improving domestic resource mobilization, especially in a way that can sustainably broaden tax bases, will be crucial.

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Food Security Update

Download latest Food Security Updatefood-security-page

August 15, 2022 – Record high food prices have triggered a global crisis that will drive millions more into extreme poverty, magnifying hunger and malnutrition, while threatening to erase hard-won gains in development. The war in Ukraine, supply chain disruptions, and the continued economic fallout of the COVID-19 pandemic are reversing years of development gains and pushing food prices to all-time highs. Rising food prices have a greater impact on people in low- and middle-income countries, since they spend a larger share of their income on food than people in high-income countries. This brief looks at rising food insecurity and World Bank responses to date. 

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World Water Week 2022

August 23-September 01, 2022siwi-wwweek-main-photo780
Online and Stockholm, Sweden

World Water Week, organized each year by the Stockholm International Water Institute (SIWI), brings together experts, professionals, innovators and entrepreneurs from various sectors and countries with the aim of developing solutions for water-related challenges.

The theme of this year’s event is “Seeing the Unseen: The Value of Water,” with a focus on the diverse aspects of water, how others view and value water, and the exploration of water’s full value to society. For the first time, the conference will be hybrid, allowing delegates to join online and/or in-person in Stockholm, Sweden.

The World Bank Group will convene and participate in multiple sessions on topics ranging from transboundary cooperation and financing to agriculture, technology, innovation, and the climate crisis.

You can also follow our sessions along via @WorldBankWater using #wwweek

 

 

World Water Week 2022 Aug 23 – Sep 1

World Water Week, organized each year by the Stockholm International Water Institute (SIWI),siwi-wwweek-main-photo780 brings together experts, professionals, innovators and entrepreneurs from various sectors and countries with the aim of developing solutions for water-related challenges.

The theme of this year’s event is “Seeing the Unseen: The Value of Water,” with a focus on the diverse aspects of water, how others view and value water, and the exploration of water’s full value to society. For the first time, the conference will be hybrid, allowing delegates to join online and/or in-person in Stockholm, Sweden.

The World Bank Group will convene and participate in multiple sessions on topics ranging from transboundary cooperation and financing to agriculture, technology, innovation, and the climate crisis.

You can also follow our sessions along via @WorldBankWater using #wwweek.

 

 

 

 

Food and Security Update

AT A GLANCE
The agricultural, cereal, and export price indices were stable over the past 2 weeks.

Domestic food price inflation remains high around the world. High inflation continues in almost all low
income and middleincome countries, and the share of highincome countries with high inflation is also
increasing sharply.

Russia and Ukraine signed an agreement to free more than 20 million tonnes of grain stuck in Ukraine’s Black
Sea ports.

The war in Ukraine threatens poor countries with overlapping food and debt crises.

The Horn of Africa is suffering its worst drought in more than 40 years.

FULL REPORT

 

 

Job: Junior Professional Associate

Junior Professional Associate

Job #: req12469
Organization: World Bank
Grade: Ungraded
Term Duration:  2 years 0 months
Recruitment Type: Local Recruitment
Location: Global based on business need
Required Language(s): English

Description

Junior Professional Associates – Program Description

The Junior Professional Associate (JPA) program is a unique opportunity to gain entry-level professional experience and first-hand exposure to the challenges – and rewards – of international development. 

 
Are you a recent graduate? Do you have passion for and commitment to helping others? Are you looking for a solid, two-year entry-level work experience in a multicultural environment? If so, you may be interested in the the World Bank’s JPA program.
 
 
In your JPA assignment, you’ll use your strong quantitative and qualitative analytical skills, your knowledge of technology and your research abilities – working with more senior colleagues and project teams in their work both in operations and in corporate functions. You’ll have an opportunity to hone your skills and acquire new ones while gaining first-hand exposure to the challenges of reducing poverty and boosting shared prosperity. Your experience as a JPA may be used as a steppingstone to a career in government, consulting, the private sector, academia or other development agencies.
 
 
What are we looking for?
 
 
Your academic achievements are superior and place you in the top portion of your graduating class. Your analytical and research skills extend to areas of specialization such as: economics, finance, human development (public health, education, nutrition, population), social sciences (anthropology, sociology), agriculture, environment (climate, blue economy), infrastructure, private sector development, as well as other related fields, including corporate and administrative functions (IT, legal, accounting, communications, etc.).

You are fluent in English and, preferably, in at least one other Bank language (French, Spanish, Russian, Arabic, Portuguese, or Chinese). You love technology and integrate it in your work.

 
What are we offering you?
 
 
We will provide you with the opportunity to gain entry-level professional experience in a premier development institution, on a two-year, non-renewable Extended Term Consultant (ETC) contract with benefits.
 
 
Eligibility Criteria
 
 
The following are minimum requirements to be eligible for the JPA program: 

     – Be 28 years of age or younger on your first day of service

     – Hold the equivalent of a Bachelor’s degree with a superior academic record

     – Be fluent in English

     – One or more of the Bank’s working languages is a plus: Arabic, Chinese, French, Portuguese, Russian, and Spanish 

 
Since this employment program is highly competitive, applicants under active consideration for employment may be asked to submit academic records as well as references. The World Bank will contact only those applicants whom hiring managers wish to interview.
 
 
Positions may be located in any of the World Bank’s offices across the world.
 
 
A JPA assignment is not an entry point for a career at the World Bank and employment beyond the two-year contract will be prohibited for a period of two years after the end of the contract. However, some former JPAs may rejoin the organization later in their careers after gaining experience elsewhere and becoming experts in their professional fields.
 
 
Recruitment and hiring for this employment category is ongoing throughout the year.
 
 
How do I apply?
 
 
Interested candidates may apply online. (Please take care to provide required information where indicated). Please note that applications will be kept active in our database for a period of six months. Should you still be interested in JPA program after six months, you will need to re-apply. Only those identified for an assignment will be contacted to discuss their interest and availability. Candidates are selected by the hiring manager on a highly competitive basis.
 
 
The World Bank continually searches for qualified individuals with a diverse set of backgrounds from around the globe. We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, color, ethnicity, sexual orientation or disability.
 
 
Individuals with disabilities may be provided reasonable accommodations to perform essential functions and support in receiving other workplace accommodations. Please contact the Disability Accommodation Fund at disabilityfund@worldbank.org for further information and support.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

 

 

 

Long before the asphalt is laid, making sure roads work for everyone

Roads are fundamental to economies and social well-being. They connect people with Meghalayatopopportunities and everyday essentials. But despite their essential nature, one billion people globally still live more than 2 kilometers from an all-season road. The need for roads is immense and building them requires strategic planning. 

Long before the asphalt is actually laid, the right choices need to be made regarding road construction. One tool that helps authorities make critical decisions is The Highway Design and Maintenance Standards Model (HDM), a software package developed by the World Bank and partners that is as important to road projects as asphalt or medians. 

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