Tag Archives: Political Economy
Global Emerging Markets Risk Database (GEMs) Consortium
Leveraging data from Multilateral Development Banks and Development Finance Institutions to support investment and development.
GEMs, the Global Emerging Markets Risk Database Consortium (GEMs), was established in 2009 as a joint initiative between the European Investment Bank (EIB) and IFC and has since grown to comprise 25 MDBs and DFIs.
GEMs is one of the world’s largest credit risk databases for the emerging markets operations of its member institutions, comprised of Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs). The database pools credit risk data on private/sub-sovereign lending in Emerging Markets and Developing Economies (EMDEs) and provides members with additional relevant statistics.
The GEMs Consortium has published for the first time the recovery rates of investments with private and sub-sovereign borrowers in EMDEs for the period 1994-2022. The statistics are collected from the group of 19 multilateral development banks and development finance institutions that are members of the GEMs Consortium and are available online for free on the GEMs website.
“The GEMs Consortium, co-founded by the EIB and the World Bank Group, is an example of how we can have a far greater impact when we work together. The publication today and sharing of information with public and private sector partners is a direct response to the call by the G20 for International Financial Institutions to support reform of the financial system by sharing data and expertise more widely. I’m hopeful that this first important step will help us all to drive transformative investments in emerging markets and developing economies.”
– Nadia Calviño, President of the European Investment Bank.
Joint World Bank, UN Report Assesses Damage to Gaza’s Infrastructure
Damages to Physical Structures Estimated at $18.5 billion as of end January
WASHINGTON, April 2, 2024 – The cost of damage to critical infrastructure in Gaza is estimated at around $18.5 billion according to a new report released today by the World Bank and the United Nations, with financial support of the European Union. That is equivalent to 97% of the combined GDP of the West Bank and Gaza in 2022.
Continue readingMCC Webinar: Procurement@20: The Revised Procurement Framework
The Millennium Challenge Corporation (MCC) will host a “Procurement@20: The Revised Procurement Framework” webinar on April 3, 2024, from 10:00 AM to 11:00 AM (U.S. EST).
We will host the same webinar in French on April 25, 2024, from 10:00 AM to 11:00 AM (U.S. EST).
Under Procurement@20, MCC has revised the policy, guidelines, and tools that MCC partner countries use to contract with private sector firms, aiming to streamline and accelerate the procurement and contracting process. These revisions will be shared with webinar attendees and MCC staff will be on hand to answer any questions.
Procurement and business opportunities, along with other ways to work with MCC are available on our Work With Us page.
There is no cost to attend the webinar.
IDA Helps to Weave the Fabric of Global Social Protection
government and invests it in her small doughnut business. “I buy baking flour and make doughnuts for selling,” says Marcelina, a widow, who uses the money she makes to support her late sister’s five children. “From my last bi-monthly payment of 300 Kwacha ($14), I made doughnuts and sold them for 400 Kwacha that helps me pay for school fees for the orphaned children I look after. I urge all other widows to not only eat the money but grow it like I do.”
World Bank Group Statement of Support to Egypt’s Development and Reform Efforts
The World Bank Group is committed to its long-term strategic partnership with Egypt and supports the measures the country is taking for its economic recovery and restoring a sustainable path for inclusive growth.
When Women Win, the World Wins
In May 1988, Alejandra Arévalo became the first female geologist to enter an underground mine in Chile. In doing so, she defied a popular myth: that a woman brings bad luck by venturing into a mine. She also broke the law.
Continue readingInternational Women’s Day 2024
On International Women’s Day 2024, we celebrate women’s achievements, yet recognize the urgent need to accelerate gender equality and equal opportunity for all. Too many women are still held back, and the cost of inaction is high.
World Bank Group Prepares Major Overhaul to Guarantee Business
Reforms aim to deliver simplicity and access, supported by CEOs and G20 Expert Group
WASHINGTON, February 28, 2024 – The World Bank Group today announced a major overhaul to its guarantee business that will deliver simplicity, improved access, and faster execution through a new, convenient marketplace. The new reforms are critical to achieving the goal of tripling annual guarantee issuance to $20 billion by 2030.
Global Digital Summit: Accelerating Digital for Development
Netherlands for the World Bank 
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