Tag Archives: President

The World Bank’s Bold New Vision

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“To create a world free of poverty – on a livable planet.”

This vision and mission will test the sincerity of our ambition – it sets us on a journey that will require reimagined partnerships, a new way of working and thinking, an innovative plan to scale and replicate, additional resources, and optimism for what could be possible.

In all corners of the globe, people are eager to go to work, and to create with their own hands. They want a better life for their children and grandchildren.

We must be the hand on the back – moving people forward. We must be an institution that exports optimism and impact.

2023 Annual Meetings: A New Vision for Challenging Times

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ANNUAL MEETINGS HIGHLIGHTS 2023meetings-signage

  • Expanded financial capacity. Stronger partnerships. Deeper engagement with the private sector. More efficient processes.
  • The Bank has adopted new tools that could provide $157 billion in additional lending capacity over a decade.
  • The Bank is exploring loan maturities of 35 to 40 years to help countries better navigate long-term social and human capital investments.

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The World Bank’s Bold New Vision

Posted on by

“To create a world free of poverty – on a livable planet.”

This vision and mission will test the sincerity of our ambition – it sets us on a journey that will require reimagined partnerships, a new way of working and thinking, an innovative plan to scale and replicate, additional resources, and optimism for what could be possible.

In all corners of the globe, people are eager to go to work, and to create with their own hands. They want a better life for their children and grandchildren.

We must be the hand on the back – moving people forward. We must be an institution that exports optimism and impact.

The Future of Financial Inclusion

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Financial inclusion 2.0. – creating more inclusive, resilient, and green futures

In recent years, the world has faced many unprecedented shocks and stresses that have exacerbated existing development challenges—all of which have disproportionate impacts on the most vulnerable, especially women and girls. People living in poverty constantly juggle an evolving set of risks and crises in their daily lives. However, the additional challenges posed by the COVID-19 pandemic, inflation, climate change, conflicts, and other shocks have intensified poverty and inequality. The World Bank now projects that 7% of the world’s population—more than half a billion people—will remain in extreme poverty in 2030 (Figure 1). The World Economic Forum predicts that the timeline to close the global gender gap1 has increased by a full generation (from 99.5 years to 135.6 years).

figure 1

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Annual Meetings: World Bank Events

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The World Bank Group-International Monetary Fund Annual Meetings are back this year from 800d55482b8a001430e9bd85208db430e8752f1021f4bcb1d0087a3ce4d82684October 9-15, and we hope you’ll join us! 

Live from Marrakech, Morocco, the 2023 Meetings focus on what it will take to end poverty on a livable planet. Events will explore the new playbook we need to respond to intertwined global challenges. What solutions have worked on the ground in developing countries? How do we boost jobs, digital infrastructure, and climate action?

Mark your calendar and sign up for email reminders to join our public events online. This is your opportunity to interact with central bankers, ministers, private sector executives, civil society representatives, youth leaders, academics, and others on issues facing our world today. Ask questions to our experts and join the conversation with the hashtag #WBmeetings, as we bring you our events in English, Arabic, French and Spanish.

 

 
 

 

World Bank Group Announces Comprehensive Toolkit to Support Countries After Natural Disasters

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June 22, 2023—The World Bank Group today announced a suite of new and expanded actions to help countries respond quickly and effectively to an ever-growing onslaught of crises.

At the Summit for a New Global Financial Pact, Ajay Banga announced an expanded toolkit for crisis preparedness, response, and recovery that includes: (1) pausing debt repayments; (2) redirecting financing; (3) linking crisis preparedness and financing; (4); backstopping development projects with private sector support, and (5) building enhanced catastrophe insurance without debt.

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The Hidden Wealth of Nations: Groundwater’s Critical Role in a Changing Climate

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STORY HIGHLIGHTS econ-of-groundwater-india-well-780x439

  • As “nature’s insurance,” groundwater protects food security, reduces poverty, and boosts resilient economic growth, but the resource is threatened by overexploitation and pollution.
  • High-level political action is needed to prioritize groundwater and align the private and social costs of its use.
  • A new World Bank report considers the economic value of groundwater, the costs of misusing it, and the opportunities to leverage it more effectively.

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World Bank Group Intensifies Focus on Private Sector, Launches Effort to Scale Investment in Emerging Markets

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PARIS, June 22, 2023—The World Bank Group today launched the Private Sector Investment Lab, a concrete step in a broader effort to develop, and rapidly scale, solutions that address the barriers preventing private sector investment in emerging markets.

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