Tag Archives: Ukraine

Four paths to respond to the food price crisis

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As the devastating war in Ukraine rages on causing untold suffering, its impact is being feltroti_hero far beyond its borders, battering a world emerging from a pandemic that has hit developing countries hardest.  Among the most critical is the food price crisis, calling into question the affordability and availability of wheat and other essential staples.

There is no downplaying the blow that the war has dealt to food systems, already fragile from two years of COVID-19 disruptions, climate extremes, currency devaluations, and worsening fiscal constraints. Because Ukraine and Russia account for over a quarter of the world’s annual wheat sales, the war has led to a significant rise in the price of food , not only wheat but barley, maize, and edible oil among others exported by these two countries. Global and domestic food prices were already close to all-time highs before the war, and a large question mark looms over the next seasons’ harvests worldwide due to the sharp increase in fertilizer prices as well.

“Whether we succeed in managing food price volatility and navigating our way out of this new crisis depends on national policies and global cooperation.”

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The World Bank Group and Ukraine

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The invasion in Ukraine will have far-reaching economic and social impacts – well beyond780-ukraine-030722 the immediate impact it is already having on the lives and livelihoods of those in the country. The World Bank Group continues to coordinate with Ukraine and other development partners to assess these costs and develop a robust response to help the Ukrainian people during this difficult period.

The World Bank’s overall portfolio of projects in Ukraine supports improvements in basic public services, in areas such as water supply, sanitation, heating, power, energy efficiency, roads, social protection, education and healthcare, and private sector development. Since Ukraine joined the World Bank in 1992, the Bank’s commitments to the country have totaled more than $14 billion in about 90 projects and programs.

“We are a long-standing partner of Ukraine and stand with its people at this critical moment.”
David Malpass
President, World Bank Group
 

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World Bank Announces Additional $200 Million in Financing for Ukraine

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Financing will support essential social services; combined total of World Bank-mobilized support for Ukraine now stands at more than $925 million

WASHINGTON, March 14, 2022— The World Bank today announced nearly $200 million in additional and reprogrammed financing to bolster Ukraine’s social services for vulnerable people. This comes on top of the $723 million mobilized for Ukraine and its people last week, of which $350 million has already been disbursed to Ukraine. This financing is part of the $3 billion package of support that the World Bank Group previously announced it is preparing for Ukraine over the coming months.

The combined total of support mobilized by the World Bank for Ukraine now stands at more than $925 million. As part of the mobilization efforts, Austria has contributed €10 million ($11 million equivalent) to the multi-donor trust fund (MDTF) set up by the World Bank to facilitate channeling grant resources from donors to Ukraine. This raises the current MDTF total to $145 million.

“The ongoing war continues to have severe human costs and has created financing gaps that jeopardize the ability of vulnerable people in Ukraine to meet basic needs,” said World Bank Group President David Malpass. “This rapid support will help to bridge those gaps during a time of extreme disruption as we work on broader support efforts for Ukraine and the region.”

While the full impact remains uncertain, the Russian invasion of Ukraine is causing a growing number of civilian casualties, destroying livelihoods, and damaging critical civilian infrastructure, including homes, water and sanitation, schools, health facilities and highways.

The World Bank in Ukraine

World Bank Mobilizes an Emergency Financing Package of over $700 million for Ukraine

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WASHINGTON, March 7, 2022—The World Bank Board of Executive Directors today approved a supplemental budget support package for Ukraine, called Financing of Recovery from Economic Emergency in Ukraine – or FREE Ukraine – for $489 million. The package approved by the Board consists of a supplemental loan for $350 million and guarantees in the amount of $139 million and is also mobilizing grant financing of $134 million and parallel financing of $100 million, resulting in total mobilized support of $723 million. The fast-disbursing support will help the government provide critical services to Ukrainian people, including wages for hospital workers, pensions for the elderly, and social programs for the vulnerable.

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World Bank Group Stands with Ukraine and its People

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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: Conducting an Analysis of the Policy, Legal and Regulatory Landscape of the Inland Waterways Sector in Ukraine

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Deadline:  15-Apr-2021 at 11:59:59 PM (Eastern Time – Washington D.C.) 

IFC is looking to hire a Consultant (firm) to carry out an assessment of the regulatory conditions regarding the inland waterways (IWW) sector in Ukraine. The objective of this activity is to analyze how national and sector-level policies, legal, regulatory and institutional frameworks are affecting the workings of the sector at an operational level, its development, growth, its overall competitiveness and its ability to attract investments. The key is to establish if the current policy and regulatory landscape is hindering investments, if so, in what ways and in what areas, and to propose specific recommendations to remove the identified barriers. The assessment will include both a holistic analysis of the regulatory environment of IWW sector and will deep-dive into its constituent markets separately: the inland waterways network, the river fleet (freight and auxiliary), infrastructure (docks, anchorages, navigable canals in water areas, navigable locks, fairways, signaling systems, etc.), service infrastructure (river ports, river terminals), navigation and surveillance.

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eC2: ECA AGRICULTURE DIGITAL SYSTEM

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Deadline:    29-Mar-2021 at 11:59:59 PM (Eastern Time – Washington D.C.) agriculture-youth

The International Finance Corporation hereinafter referred to as WBG invites interested parties to respond to a Request for Expression of Interest (REI) for digital platform (comprising a backend decision-making mechanism and a pluggable frontend implementation) that would boost decision making in agriculture finance. This REI is issued for the purpose of obtaining information concerning market conditions and vendor (or consortium of vendors) capability in order to allow the World Bank / IFC to better understand what is currently available on the commercial market place in order to enhance advisory client solutions.

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eC2: UKRAINE REGIONAL AIRPORTS STUDY

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Deadline: 26-Jun-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)

The Ministry of Infrastructure of Ukraine in coordination with regional and city Airport_PPPadministration/council owners of the Lviv International Airport,Kherson International Airport,Chernivtsi International Airport and Zaporizhia International Airport is interested in exploring options to bring private sector financing and expertise into the rehabilitation, expansion and operations of the country’s airport sector, in order to improve service and reduce subsidies. to that end, the Global Infrastructure Facility, the International Finance Corporation and the European Bank for Reconstruction and Development are supporting the MIU and the regional and city administration/councils in conducting a preliminary assessment of options to attract private sector participation in the rehabilitation and expansion of the Airports. IFC and EBRD will procure and manage specialized technical and legal consultants for the assessment, supervise their work,and manage interactions with the public sector clients.

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eC2: Support for the improvement of daily balancing system in Gas Distribution Operators and further synchronization with the Transmission System Operator

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Deadline: 03-Jun-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)gas

The objective of this assignment is to provide support to the national energy regulator of Ukraine, in the assessment of existing daily balancing system for gas distribution system operators (DSOs) and its further synchronization with the transmission system operator (TSO) including, among other things, adequate metering, aggregation, reporting and reconciliation of daily volumes along the gas supply chain from the TSO to DSOs and final users of gas. The assignment will support the implementation of agreed reform actions and as needed, provide just-in-time advice to the Regulator on matters related to the improvement of the daily balancing system for transmission and distribution. Continue reading →

eC2: Dairy Farm Engineering Consultant

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Deadline: 02-May-2019 at 11:59:59 PM (Eastern Time – Washington D.C.) z

IFC is hiring a Consultant (a firm), which will support the Project team on the evaluation of two existing dairy farm facilities and on providing conceptual designs as well as the drawing and specification for the selected designs of two small-scale dairy farms in Ukraine.

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