New World Bank Fund to Support Climate-Smart Mining for Energy Transition

The World Bank launched the Climate-Smart Mining Facility on May 1st, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable. The Facility will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles. It focuses on helping resource-rich developing countries benefit from the increasing demand for minerals and metals, while ensuring the mining sector is managed in a way that minimizes the environmental and climate footprint.

Continue reading

The Netherlands, World Bank join forces to boost domestic resource mobilization in Africa, the Middle East

WASHINGTON DC, APRIL 11th, 2019.- Senior representatives of the Kingdom of the Netherlands and the World Bank today signed an agreement for USD 7,000,000 to Signing TF Reina Buijssupport developing countries’ efforts in mobilizing much-needed public domestic resources to achieve the Sustainable Development Goals, particularly in Africa and the Middle East.

The four-year agreement aims at boosting domestic resource mobilization while strengthening tax policy and administrative capacity in selected countries in North, Western, and Central Africa, as well as in the Middle-East. Some countries that may benefit from this agreement include: Benin, Burkina Faso, Chad, Côte D’Ivoire, Ghana, Liberia, Niger, Nigeria, Senegal, Ethiopia, Kenya, Iraq, Jordan, and Lebanon.

Continue reading

Job opportunities Trust Fund St. Maarten / World Bank

Trust Fund Sint Maarten

Sint Maarten Interim Recovery Committee (IRC) is now hiring a Project Manager for the Emergency Debris Management Project to work closely with VROMI, VSA, and World untitledBank through the entire project cycle (works, technical assistance, etc), and organize and supervise all activities related to the project. If you know of any suitable candidate in your network, we’d much appreciate you forwarding the job posting to them.

Other current job opportunity’s on Sint Maarten:

  • Communication Officer
  • Engineer
  • Supervision of Works Philipsburg and Simpson Bay Police Stations (Phase I)

Continue reading

World leaders pledge US$1 billion to transform health and nutrition of world’s poorest women, children and adolescents

– Ten new investors—Burkina Faso, Côte d’Ivoire, Denmark, the European Commission, World Bank buildingGermany, Japan, Laerdal Global Health, the Netherlands, Qatar and an anonymous donor—have joined since the launch of the Global Financing Facility replenishment. They join existing funders the Bill & Melinda Gates Foundation, Canada, MSD for Mothers, Norway, and the United Kingdom to fund the GFF to improve the health and nutrition of women, children and adolescents.

– US$1 billion pledged to the GFF Trust Fund in Oslo today is expected to link to an additional US$7.5 billion in IDA/IBRD resources for women, children and adolescents’ health and nutrition.

– Burkina Faso reaffirmed its commitment to allocating at least 15% of its annual budget to improve health; Côte d’Ivoire committed to increasing its health budget 15% annually; and Nigeria recommitted to investing US$150 million per year from its budget to sustainably finance health and nutrition of women, children and adolescents.

– US$1 billion will help the GFF partnership on the pathway toward expanding to as many as 50 countries with the greatest needs, to transform how health and nutrition are financed. Alongside other global health initiatives, this can contribute to saving and improving millions of lives by 2030.

Continue reading

SM15 Preview: The Power of Nutrition

Date: Thursday, April 16, 2015
Time: 9:30 a.m. – 10:30 a.m. | 13:30 – 14:30 GMT or convert time)
Location: World Bank Headquarters, Preston Auditorium & Online

Follow the event on Twitter with #PowerOfNutrition

The Power of Nutrition is a new innovative financing facility dedicated to unlocking up to $1 billion of new private and public financing to improve child nutrition.

Continue reading

Trust Funds – The Basics

In 2013 The World Bank Group (WBG) disbursed about $52 billion dollars to finance projects, mainly through IBRD, IDA and the IFC. These disbursements are the ‘regular’ projects financed by the WBG. However, the WBG also has many Trust Funds (TFs), which complement regular project financing. The TFs are often established to adequately respond to economic and/or social developments. In 2013, the WBG held about $29 billion in trust funds. The activities financed by TFs can differ from basic and small consultancy projects to very large multimillion dollar construction projects. Continue reading