· World Bank Procurement in Investment Project Financing helps borrowers achieve sustainable development objectives through value-based, principled, and transparent procurement guidance and support.
· The World Bank Procurement Framework launched in 2016 promotes a strategic, fit-for-purpose approach to procurement that focuses on impact and overall value-for-money.
· In keeping with the value-focused approach, most World Bank-financed Procurement will require the use of Rated Criteria which will promote the inclusion of key quality and sustainability criteria rather than using just the lowest evaluated price for award decisions.
To meet climate and development goals, low- and middle-income countries need to transform their power sector infrastructure at a scale and pace that is unprecedented. The World Bank framework “Scaling Up to Phase Down” maps out steps to support developing countries, with the help of development partners, to scale up affordable, secure, and reliable clean energy and phase down coal-fired electricity generation.
Governments worldwide are facing overlapping crises, including COVID-19, debt, climate change, and conflict, which challenge their ability to provide essential public goods and services to their people, especially the most vulnerable. Fiscal constraints, climate-related disasters, wars, and lack of legitimacy often limit governments’ capacity to act effectively.
In his speech, “Growth and Stability During Crises,” World Bank Group President David Malpass discussed the challenges facing development policy, including the need for macroeconomic stability, the importance of private capital to international integration, and the increasing need to support global public goods. President Malpass emphasized the role of education in supporting growth and creating pathways out of fragility and extremism, which are both critical for Africa’s Sahel Region.
The live-streamed speech was hosted by the Abdou Moumouni University of Niamey, Niger.
Wrap-up. Sustainable Development Goals (SDGs) and Partnerships
We wrap up all the developments from the Meetings with Devex’s Raj Kumar. UN Deputy Secretary General Amina Mohammed joins The Zone to talk about how to get the SDGs back on track and the partnerships needed to tackle poverty. Amit Bouri outlines how private investment can increase development impact, and Dr. Ahmed Ogwell Ouma of the Africa CDC gives insight on preparing for the next pandemic.
At this year’s World Bank Group-IMF Spring Meetings, management and shareholders recommitted to the institution’s vision of a poverty-free world and pledged to explore new solutions to tackle an ever-present set of threats to development and the lives of the poor—from stress in the banking sector and persistent inflation to rising debt, Russia’s invasion of Ukraine, and the mounting dangers of climate change.
Wednesday May 10 at 15:30-17:00 CET, World Hydrogen Summit Rotterdam
Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.
Wednesday May 10 at 15:30-17:00 CET, World Hydrogen Summit Rotterdam
Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.
Doing business with the International Financial Institutions (IFI’s) / Multilateral Development Banks (MDB’s)
After a bit of a break we are excited to share this latest Newsletter with you and reintroduce ourselves!
We hope all of you got through the COVID-19 pandemic safely and well. Although, life is getting back to (the new) normal, travel is still somewhat difficult and many offices are not fully open yet.
The World Bank Group Headquarters is currently at 50% capacity and slowly opening up to visitors again, the recent Spring Meetings were still held in a hybrid format. Nonetheless, business must go on albeit via email/Zoom/Teams etc.
Every year, international organizations spend billions of euros on projects in developing countries and emerging markets. This results in tenders and assignments that could be interesting for the Dutch private sector. Team International Organizations (TIO) of the Netherlands Enterprise Agency (RVO) supports Dutch companies whom are interested in knowing more about doing business with the IFIs. TIO is focused solely on organizations the Netherlands is a shareholder or member of: Asian Development Bank, African Development Band, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Union, European Investment Bank, Inter-American Development Bank, United Nations, and World Bank Group.
TIO functions as the first point of contact for Dutch companies. We can put you in contact with the IFIs, give information on how the different international organizations function, on how to be effective at doing business with these organizations, and the opportunities that could be relevant for your company. Other services that are provided are seminars, webinars, trade missions, individual and group tracks.
Through TIO companies have access to a broad network of contacts and organizations. On a daily basis, we work together with the PSLO liaison network of the World Bank Group, The Netherlands Embassy in Washington D.C. liaison officers Esther Smith and Vincent Kooijman as well as the different Ministries and Dutch embassies worldwide.
Meet the World Bank Group team of TIO:
Interested in TIO’s work? Contact us for more information via tio@rvo.nl.
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