From crisis to action: Mobilizing tools for rapid response and lasting resilience

Over the past year, I’ve seen a growing interest in, and a stronger demand for, better tools to prepare for and respond to crises. Our partners in government, the private sector, civil society, foundations, and other development organizations send us the same message time and time again: In the face of crisis, we need greater preparation and faster access to financing. 

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Forests For Us: Dominica Harnesses Nature for Climate Resilience and Economic DevelopmentIndia incorporates green bonds into its climate finance strategy

The forest is for us… It is what we have. It helps us maintain our livelihoods.

Her Excellency Sylvanie Burton

President of the Commonwealth of Dominica

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Despite Strong Growth, South Asia Remains Vulnerable to Shocks

WASHINGTON, April 2, 2024—Growth in South Asia is expected to be strong at 6.0% in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka. But persistent structural challenges threaten to undermine sustained growth, hindering the region’s ability to create jobs and respond to climate shocks, says the World Bank in its twice-a-year regional outlook.

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The World Bank’s Bold New Vision

“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.

Annual Meetings: World Bank Events

October 9-15, 2023

GO TO: EVENT REPLAYS | FEATURED SPEAKERS

During the World Bank Group-International Monetary Fund Annual Meetings that took place from October 9-15, we brought you live events that focused on what it would take to end poverty on a livable planet. Speakers included central bankers, ministers, private sector executives, civil society representatives, youth leaders, academics, and others on issues facing our world at that time. Together, we explored the new playbook needed to respond to intertwined global challenges. We discussed solutions that worked on the ground in developing countries, strategies to boost jobs, digital infrastructure, and climate action.

You can revisit these discussions with the hashtag #WBmeetings and watch the event replay in EnglishArabicFrench and Spanish.

 

Remarks by World Bank Group President Ajay Banga
at the 2023 Annual Meetings Plenary

 

Watch the Event Replays

 

The World Bank’s Bold New Vision

“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.

How to scale up renewable energy investments

Dependence on fossil fuels in many countries leads to a vicious cycle of increasing costs,virtuous cycle1 higher energy prices for consumers, more pollution that impacts people’s health, and higher greenhouse gas emissions that endanger the planet. In contrast, transitioning to renewable energy can unlock a virtuous cycle that produces lower-cost electricity for consumers, builds resilience, and helps mitigate climate change. 

However, renewable energy projects do not materialize, and countries remain trapped in the vicious cycle. This happens despite the fact that many developing countries have some of the best solar and wind resources in the world. So how can we support governments to break free from fossil fuel dependency and catalyze the virtuous cycle for clean energy?

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Announcing winners of the fifth World Bank and Financial Times youth blog competition

It’s been a complicated—and often frustrating—few years for students all over thethumbnail_2023_ft-wb_blog_winners_-_framed world. The COVID-19 pandemic profoundly changed the way children around the world learn.  Remote classes. Closures. Masks. It was a lot to deal with, and the long-term consequences could be severe.

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