IFC Insights
As the sun set on the Landwasser valley in eastern Switzerland and this year’s World Econonomic Forum (WEF) Annual Meeting in Davos, government, business, and civil society leaders from across the globe headed home to promote the forum’s mandate of bold collective action to address ongoing crises.
As investment into developing nations drops, MIGA innovates. 
The United Nations Conference on Trade and Development recently reported that global foreign direct investment (FDI) flows dropped by almost a third in the second quarter of 2022, with flows to several emerging regions down significantly and flows to Africa near zero. The outlook for FDI next year is gloomy at best.
The Young Professionals Program (YPP) is a starting point for an exciting career at the World Bank Group for those who demonstrate a passion for international development and the potential to grow into impactful leadership roles across our institutions. Young professionals are recruited from around the world with various academic and professional backgrounds relevant to the World Bank, IFC and MIGA.
June 15, 2022
11:00 AM EDT (local time)
WASHINGTON, July 1, 2021 – The Boards of Directors of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) have approved a new policy for the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism of IFC and MIGA. The Independent Accountability Mechanism (CAO) Policy, which becomes effective today, improves effectiveness of the complaints process in projects supported by IFC and MIGA, with an increased focus on outcomes for communities and IFC/MIGA clients, and responds to recommendations from an independent external review.
To understand how the Climate Change Action Plan will drive climate action in countries, we
sat down with Bernice van Bronkhorst, the Bank’s Global Director for Climate Change; Genevieve Connors, Practice Manager, Climate Change Advisory and Operations; Vivek Pathak, Director and Global Head of Climate Business at IFC; and Merli Baroudi, Director of Economics and Sustainability at MIGA.
Global growth remains subdued, with the pace of investment and trade softening, and 
downside risks persisting due to policy uncertainty, trade tensions, financial volatility, and rising debt. The World Bank Group, in cooperation with the International Monetary Fund, can help emerging and low-income countries bolster potential growth, increase their resilience to shocks, boost domestic revenues, and continue building policy buffers. The two organizations have an important role to play in addressing the increase in debt vulnerabilities, and they can help countries meet a range of challenges to the international financial system, including tackling corruption.
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.
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.
MIGA a member of the World Bank Group came to the Netherlands the 21st of June to 
give a presentation about their activities. MIGA contributes to the World Bank Group’s goals of ending extreme poverty and promoting shared prosperity by facilitating private investment into developing member countries and supporting projects that bring broad developmental impact. MIGA-supported investments help bring jobs, innovation, technology, and skills transfer.
A couple of weeks ago we posted a ‘did you know’ article to recap information we have shared on this blog. We think it’s time to do another one, so here is ‘did you know – part 2’.
Again, just some facts for you to keep in mind when you read about the World Bank and especially when you want to do business with the World Bank Group!
Please contact us if you have any questions or concerns.
Netherlands for the World Bank 
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