The Digital Revolution: Fostering Inclusion and Resilient Growth

As developing countries struggle to recover from the COVID-19 pandemic, digital solutions are enabling economic transformation and putting them on a path toward green, resilient, and inclusive growth. Private and public investment in digital solutions is bringing critical services to the poorest, creating jobs, strengthening small and medium businesses, enabling trade and services, and building resilience to shocks. At the same time, more than half the developing world remains digitally unconnected, and risks around privacy and cybersecurity are growing worldwide. 

The discussion about the digital revolution highlighted innovative ways countries are using digital technologies.  From digital financial services, to remote schooling, to more inclusive government services, digital solutions are accelerating more equitable and resilient growth. We heard from public and private sector leaders from around the globe about how safe and effective digital technology has become essential to development in the digital age.

Risk insurance builds climate and disaster resilience in Central America and the Caribbean

With co-financing from a World Bank administered multi-donor trust fund (MDTF), the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) offers sovereign insurance for earthquakes, tropical cyclones, and excess rainfall to Caribbean and Central American countries. Currently, 19 countries in the Caribbean and 3 in Central America have memberships that through the years translated into 54 payouts totaling $245 million benefiting over 3.5 million people.

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World Bank Announces Additional $200 Million in Financing for Ukraine

Financing will support essential social services; combined total of World Bank-mobilized support for Ukraine now stands at more than $925 million

WASHINGTON, March 14, 2022— The World Bank today announced nearly $200 million in additional and reprogrammed financing to bolster Ukraine’s social services for vulnerable people. This comes on top of the $723 million mobilized for Ukraine and its people last week, of which $350 million has already been disbursed to Ukraine. This financing is part of the $3 billion package of support that the World Bank Group previously announced it is preparing for Ukraine over the coming months.

The combined total of support mobilized by the World Bank for Ukraine now stands at more than $925 million. As part of the mobilization efforts, Austria has contributed €10 million ($11 million equivalent) to the multi-donor trust fund (MDTF) set up by the World Bank to facilitate channeling grant resources from donors to Ukraine. This raises the current MDTF total to $145 million.

“The ongoing war continues to have severe human costs and has created financing gaps that jeopardize the ability of vulnerable people in Ukraine to meet basic needs,” said World Bank Group President David Malpass“This rapid support will help to bridge those gaps during a time of extreme disruption as we work on broader support efforts for Ukraine and the region.”

While the full impact remains uncertain, the Russian invasion of Ukraine is causing a growing number of civilian casualties, destroying livelihoods, and damaging critical civilian infrastructure, including homes, water and sanitation, schools, health facilities and highways.

The World Bank in Ukraine

eC2: Consultancy Service for the Indonesia Sustainable Landscape Management Multi Donor Trust Fund (SLM MDTF) to support the operationalization of the BPDLH

Deadline: 15-Jul-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) indonesia

The primary objective of this Consultancy is to provide advisory, capacity, and technical assistance to support the operationalization of the BPDLH through strategic, operational and technical inputs to build strong institutional frameworks that allow the BPDLH to receive and disburse domestic and international green finance in an effective and impactful way. This will include support in developing a strong institutional framework and governance system, set of policies, procedures and instruments that will enable BPDLH to effectively operationalize its mandates. The firm will also need to support BPDLH in the development of communications and stakeholder engagement strategies and assist in the design and operationalization of a monitoring and evaluation strategy. The support should also look to assist the Steering Committee of BPDLH to be able to play strategic tole to support the operationalization of the BPDLH, including define its role in the governance system of BPDLH. The firm wi

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New World Bank Fund to Support Climate-Smart Mining for Energy Transition

The World Bank launched the Climate-Smart Mining Facility on May 1st, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable. The Facility will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles. It focuses on helping resource-rich developing countries benefit from the increasing demand for minerals and metals, while ensuring the mining sector is managed in a way that minimizes the environmental and climate footprint.

 

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eC2:Technical Consultant support to States for the National Nutrition Mission

Deadline: 21-May-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) pexels-photo-264537.jpeg

Objective: The World Bank is providing technical assistance to the MWCD, GoI through a Multi-Donor Trust Fund (MDTF) Partnership for Nutrition Results in India to support the implementation of National Nutrition Mission (NNM). Part of this support includes providing technical assistance to the Project States through state based technical consultants to support the quality of implementation. Towards this end, the MDTF seeks to hire a firm to hire and manage State level consultants in 10 high priority project states viz. Andhra Pradesh, Bihar, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttar Pradesh.

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