World Bank Group Outlines Global Crisis Response Package to Help Developing Countries Navigate Multiple, Compounding Crises

WASHINGTON, August 3, 2022 – The World Bank Group (WBG) today announced details of its global crisis response package to help developing countries navigate multiple, compounding crises that are hitting the poor and most vulnerable the hardest.

“Multiple crises – including rising inflation, Russia’s invasion of Ukraine, large macroeconomic imbalances, and the shortages of energy, fertilizer and food – are hammering developing countries” said World Bank Group President David Malpass. “The World Bank Group is responding with speed, scale and impact with financing to respond to food insecurity, protect people, preserve jobs, strengthen resilience, and restore growth.”

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Braving the Storms: The outlook for East Asia and the Pacific, illustrated

The Russian invasion of Ukraine threatens the uneven recovery of developing East Asia and Pacific (EAP) countries.   The invasion comes on top of the economic distress caused by the lingering COVID-19 pandemic, the financial tightening in the United States, and the pandemic resurgence and the economic slowdown in China. While commodity producers and fiscally solid countries in the region may weather these shocks with less difficulty, these events will dampen the growth prospects of most economies in the region. Overall economic growth is projected to slow to 5 percent in 2022— 0.4 of a percentage point less than expected in October.  If global conditions worsen and national policy responses are weak, growth could ease further.

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Are we ready for the coming spate of debt crises?

Higher inflation. Slower growth. Tightening financial conditions.

In recent weeks, Russia’s invasion of Ukraine has exacerbated global economic risks.  There is a fourth element, however, that could make the mix combustible: the high debt of emerging markets and developing economies.

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World Bank Group Stands with Ukraine and its People

Prepares to support countries in the region affected by the conflict World Bank building

WASHINGTON, Feb. 24, 2022—David Malpass, President of the World Bank Group, today released the following statement: 

“The World Bank Group is horrified by the shocking violence and loss of life as a result of the events unfolding in Ukraine. We are a long-standing partner of Ukraine and stand with its people at this critical moment.

Today, I discussed the situation with our Board of Directors and have mobilized our Global Crisis Risk Platform to accelerate coordination across the World Bank Group.

The devastating developments in Ukraine will have far-reaching economic and social impacts. We are coordinating closely with the IMF to assess these costs.

When I met with President Zelenskyy in Munich on Saturday, I reaffirmed the World Bank Group’s strong support and commitment to the people of Ukraine and the region.

We stand ready to provide immediate support to Ukraine and are preparing options for such support, including fast-disbursing financing. Alongside development partners, the World Bank Group will use all our financing and technical support tools for rapid response.

The World Bank Group is also in active dialogue to support neighboring countries and people that may be affected by this conflict and will make additional resources available.”

Prepares to support countries in the region affected by the conflict 

WASHINGTON, Feb. 24, 2022—David Malpass, President of the World Bank Group, today released the following statement: 

“The World Bank Group is horrified by the shocking violence and loss of life as a result of the events unfolding in Ukraine. We are a long-standing partner of Ukraine and stand with its people at this critical moment.

Today, I discussed the situation with our Board of Directors and have mobilized our Global Crisis Risk Platform to accelerate coordination across the World Bank Group.

The devastating developments in Ukraine will have far-reaching economic and social impacts. We are coordinating closely with the IMF to assess these costs.

When I met with President Zelenskyy in Munich on Saturday, I reaffirmed the World Bank Group’s strong support and commitment to the people of Ukraine and the region.

We stand ready to provide immediate support to Ukraine and are preparing options for such support, including fast-disbursing financing. Alongside development partners, the World Bank Group will use all our financing and technical support tools for rapid response.

The World Bank Group is also in active dialogue to support neighboring countries and people that may be affected by this conflict and will make additional resources available.”

eC2: Expansion of the Master degree program in Educational Measurement and Evaluation

Deadline: 08-May-2017 at 11:59:59 PM (Eastern Time – Washington D.C.) Financial Education

Specific objectives of the assignment are:
1.Identification of the partner university in one ECA country and adjustment of the existing Masters degree program training materials to national legislation and specific requirements (Phase 1).
2.Launch of the Masters degree program branch in identified university in one of ECA countries (Phase 2).
3.Further implementation of the Masters degree program branch in the identified university in the ECA country (Phase 3).
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eC2:Development of curriculum and training materials for a PhD program in Educational Measurement and Evaluation

Deadline: 20-Mar-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)index

The goal of the assignment is to develop an international level capacity for training of professionals at a Ph.D. level in Russia in Educational Measurement and Evaluation area. Specific objectives of the assignment are to establish a Ph.D. (Philosophy Doctor) program in Educational Measurement and Evaluation.

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eC2: Local Food Safety Consultant

Deadline: 09-Aug-2016 at 11:59:59 PM (Eastern Time – Washington D.C.)food_waste_garbage

The local Consultant will conduct on-site assessments and consultations at production facilities of SME companies (up to 10 companies) in Russia based on the list and using the materials and methodology provided by IFC.

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