Small Island Developing States on a Path to Renewable Energy and Resilience: A Story from Maldives

Small Island Developing States (SIDS), which are home to 65 million people and bastions of blogdaad8608_1.jpgbiodiversity, face unique challenges. Because they are small, their economies are not diversified and hence particularly vulnerable to external shocks, such as the collapse of tourism during COVID 19 or sky-rocketing energy and food prices in the wake of Russia’s invasion of Ukraine. They are also extremely vulnerable to the rising sea levels and extreme weather brought on by climate change.

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Rethinking Development in an Age of Crisis

Nowhere is the impact of recent crises – the lingering economic consequences of COVID-19 anna_b_blog_1140x500.jpgand the global spillover effects of Russia’s war in Ukraine – being felt more acutely than in the developing world.  People in poor countries are struggling to cope with higher food and fuel prices and unsustainable debt, while schoolchildren are still suffering from learning loss caused by the pandemic. In many places, economic growth has stalled.

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What is rated criteria? and how does it help procurement?

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· 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.

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Scaling Up to Phase Down: Financing Energy Transitions in the Power Sector

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.

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Wrap-up. Sustainable Development Goals (SDGs) and Partnerships


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.


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2022 World Bank Group Spring Meetings Events


April 19 | 11:30 AM EDT

The Way Forward:

Responding to Global Shocks and Managing Uncertainty

Responding to Global Shocks and Managing Uncertainty
The 2022 Spring Meetings are taking place in the shadow of war in Ukraine and rising global challenges due to conflict, COVID-19, and climate change. Join this conversation between IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass as they provide insights and highlight potential solutions to tackle challenges during this complex time. #ResilientFuture

Tackling the COVID-19 Pandemic of Inequality to Build a Green, Inclusive, & Resilient Recovery

‘We have to help countries improve their readiness for future pandemics.’

World Bank Group President David Malpass called on the world to move urgently toward opportunities and solutions that achieve a green, resilient, and inclusive recovery from the COVID-19 pandemic in a speech today that advances the World Bank-IMF Spring Meetings.

“Our collective responses to poverty, climate change, and inequality will be the defining choices of our age.”

Mr. Malpass delivered the speech virtually at the London School of Economics; it was followed by a discussion with students, moderated by Baroness Minouche Shafik, Director of the London School of Economics.


From crisis to resilience: World Bank Group Spring Meetings to focus on helping countries build a green and resilient recovery

The lingering pandemic has dealt the global economy an unprecedented shock, and the recovery is likely to be slow and uneven. The current crisis is exacerbating inequalities throughout the world and, without access to vaccines, the gap will widen further.

Meanwhile, COVID-19 has made clear the need to establish a better way to handle the debt-financing needs of developing economies. And for a sustainable future, solutions are most urgently needed in developing countries, where the investment gap is deepest, and people are most disproportionately impacted by the climate crisis. So, what will it take to shape a resilient recovery that works for people and the planet?

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Spring Meetings 2021: Featured Speakers at the World Bank Group Events


The 2021 World Bank Group/IMF Spring Meetings bring together the world’s top policymakers, academics, civil society leaders, business and youth to discuss issues of global concern.

This year’s Spring Meetings events will be held in a virtual format on April 5-11. All events and programs will stream daily on Replays of sessions will also be available the day they air. Here’s everything you need to learn how to follow our activities.

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