Netherlands for the World Bank

Your guide to the World Bank Group

Netherlands for the World Bank

What You Need to Know About Net Zero

What does it mean to reach “net zero?” A recent report by the Carbon Pricing Leadership Climate-Explainer-Series-banner Coalition (CPLC) explores how the world can decarbonize, and in particular, how carbon pricing can play a role. To learn more about net zero, the report and its findings, we sat down with Chandra Shekhar Sinha, a member of the Task Force on Net Zero Goals and Carbon Pricing and Advisor to the Bank’s Climate Change Group, and Angela Churie Kallhauge, former Head of the Carbon Pricing Leadership Coalition (CPLC) Secretariat.

Continue reading

Behind the Mission: Young Professionals Program (WBG YPP)

The Young Professionals Program (YPP) is a starting point for an exciting career at the World Bank Group for those who demonstrate a passion for international development and the potential to grow into impactful leadership roles across our institutions. Young professionals are recruited from around the world with various academic and professional backgrounds relevant to the World BankIFC and MIGA

June 15, 2022 
11:00 AM EDT (local time)

Continue reading

Stagflation Risk Rises Amid Sharp Slowdown in Growth

War in Ukraine leading to higher inflation, tighter financial conditions

WASHINGTON, June 07, 2022—Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation, according to the World Bank’s latest Global Economic Prospects report. This raises the risk of stagflation, with potentially harmful consequences for middle- and low-income economies alike.

Continue reading

Blended finance can catalyze renewable energy investments in low-income countries

Achieving the United Nations Sustainable Development Goals will require massivesolar_porwe_wb investment in developing countries. Blended finance, which combines concessional public funds with commercial funds, can be a powerful means to direct more commercial finance toward impactful investments that are unable to proceed on strictly commercial terms. 

Blended finance has grown in the past decade. In 2021 it represented an aggregated financing of over $160 billion, with annual capital flows averaging approximately $9 billion since 2015One of the most compelling aspects of blended finance is that it uses relatively small amounts of donor funding to rebalance a project’s risk profile.   With this small infusion of concessional funding, pioneering investments become attractive to private investors.
Continue reading

Corruption has modernized, so should anticorruption initiatives

The World Bank’s commitment to helping countries control corruption dates to 1996 20038907351_4a3e9c5c97_kwhen then President James Wolfensohn made his “cancer of corruption” speech. It was the first time the issue was given such prominence by a World Bank President and put squarely on the agenda of the institution.

Continue reading

World Bank Group activities to address climate and environmental challenges

Next week, I’ll attend the climate summit hosted by the United Nations as part of the 74th session of the General Assembly. A range of environmental challenges—including pollution, the degradation of forests and biodiversity, marine plastics, and extreme weather events—are putting sustainable economic growth and inclusive development at risk. While international discussions have a place in looking for results, one of the great strengths of the World Bank Group is in partnering with countries to find local solutions and deliver good outcomes.

Continue reading

Five ways to do better post-disaster assessments

Post-disaster assessments changed my life by starting my career in disaster risk 29098244797_4d265740f6_kmanagement. Three months after arriving in Indonesia as the World Bank’s environment coordinator, the Indian Ocean tsunami and related earthquakes struck Aceh and Nias at the end of 2004. I was asked to pull together the economic evaluation of the disaster’s environmental impact as part of what was then known as a damage-and-loss assessment. Subsequently, the World Bank, United Nations and European Union agreed on a joint approach to crisis response in 2008, including a common methodology for post-disaster needs assessment (PDNA).

Continue reading

Famine Action Mechanism (FAM)

The risk of famine continues to threaten millions of people. Today, 124 million people untitled2.pngexperience crisis-levels of food insecurity, and over half of them are in situations affected by conflict. The magnitude of need has grown significantly over the last few years, testing the limits of an already overburdened and underfunded international humanitarian system.

Continue reading

Refugee crisis: What the private sector can do

There are about 68.5 million forcibly displaced people in the world today, of which moreimg_3069 than 25 million are considered refugees. Almost 85 percent of them are hosted by low or middle countries with limited resources such as Jordan, Ethiopia, Uganda, Turkey, and Bangladesh. These countries face enormous challenges in meeting the needs of refugees while continuing to grow and develop themselves.

Continue reading

Leveraging technology to achieve the Sustainable Development Goals

Billions of people are connected by mobile devices, with unprecedented processing  ziplinepower, storage capacity, and access to knowledge — foreshadowing stunning possibilities.  This potential is multiplied by technologies such as artificial intelligence, robotics, big data processing, the internet of things, autonomous vehicles, 3-D printing, blockchain, etc.

Continue reading