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.
Tag Archives: President
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.
World Bank’s Expanded Crisis Toolkit: Responding to Challenges in an Era of Crises | Expert Answers
In an era of overlapping and often intertwined crises, how well countries can prepare for and respond to shocks is crucial. The World Bank Group’s recently launched expanded Crisis Toolkit equips developing countries to do just that, whether they’re faced with natural disasters such as hurricanes or earthquakes, or public health emergencies like pandemics. This expanded Crisis Toolkit is designed to fill gaps based on lessons learned from previous crisis response, and substantially expands tools available to countries to protect them in times of crisis and enable faster and more effective recovery from disasters.
Join us on this episode of Expert Answers as Ed Mountfield, Vice President, Operations Policy and Country Services, explains how this toolkit will empower countries in the face of crises, putting them on a path toward resilient, sustainable development.
Timestamps
00:00 Introducing the topic and expert
01:50 World Bank’s Expanded Crisis Toolkit
03:03 How the toolkit helps client countries
05:38 Crisis preparedness
08:08 Closure
The digital era for all
Digital technologies are ushering in a new era in development—by transforming economies, creating jobs, and improving the lives of even the most vulnerable and remote populations. They have dramatically changed the way we communicate with each other, how we conduct business, and our interaction with the environment. The international community has an unprecedented opportunity to help developing countries reap the benefits of digitalization while mitigating the risks and ensuring that, working together, through accelerated investments and policy reforms, we can close the digital divide.
Continue readingWorld 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.
Delivering Impactful Development Results: A conversation with Ajay Banga
Global trade has nearly flatlined. Populism is taking a toll on growth
The World Trade Organization’s (WTO) top decision-making body will have every reason to fret when it meets on February 26. International trade—a key engine of global prosperity since the fall of the Berlin Wall— has ground nearly to a halt and is set to remain anemic in the coming years. In 2023, trade in goods and services expanded by the slenderest of argins, an estimated 0.2 percent, the slowest pace in 50 years outside of global recessions. It would have declined outright but for the growth of trade in services. Trade in goods shrank roughly 2 percent, the sharpest contraction during this century outside of a global recession. Trade growth will improve this year but it will still be half the average rate in the decade before the pandemic. In fact, by the end of 2024, global trade will register the slowest half-decade of growth since the 1990s.
Continue readingA silent debt crisis is engulfing developing economies with weak credit ratings
Some developing economies are finally seeing light at the end of the tunnel. Global inflation is receding and global interest rates appear to have peaked, prompting a bond-issuance rush by these economies to refinance their debt before the opportunity vanishes. In early January, Mexico, Indonesia, and several other developing economies easily raised more than $50 billion from bond investors.
Continue readingFRAGILITY FORUM 2024 – February 27-29
Adapting and Innovating in a Volatile World
Event | Fragility Forum 2024: Adapting and Innovating in a Volatile World | World Bank Live
It’s time to mobilize the economic power of women
The world has seldom been in a tighter spot. Across the globe, extreme weather events are becoming more frequent, with greater economic damage, even in the wealthiest countries. Food insecurity is on the rise, and climate change is making it worse. In 2022, about 2.4 billion people—nearly a third of humanity—lacked year-round access to enough safe and nutritious food, with women and girls bearing the brunt: They account for nearly 60 percent of people facing severe hunger.
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Netherlands for the World Bank 
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