WACA: Nature Based Solutions Study Tour

From 18 to 22 November, the Nature-Based Solutions (NBS) study tour took place in the original-4C8DEE63-2AAF-4484-ACE1-4301AF8651B6Netherlands. West African countries that are part of the WACA program (West African Coastal Areas Management Program) of the World Bank, visited various Dutch Nature Based water management Solutions. The delegation consisted of 22 participants including Worldbank staff, government officials and environmental experts responsible for water management (coastal erosion), from eight West African countries: Benin, Guinea-Bissau, Senegal, Togo, Ghana, Sao Tome & Principe, Gambia and Mauritania.

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Update: WBG Procurement

The World Bank group recently appointed a new Chief Procurement Officer, Hiba Tahboub. OIPHiba Tahboub is the Chief Procurement Officer (CPO) of the Operations Policy and Country Services (OPCS) Vice-Presidency of the World Bank since September 2024. In this role, Hiba is strengthening the implementation of the Procurement Framework while supporting further innovation and alignment across Multilateral Development Banks (MDBs.) She champions simplification and efficiency in procurement processes while enhancing value-adding approaches and provides strategic oversight of operational procurement work across all regions, in support of the Bank’s corporate priorities. Since Ms. Tahboub just started and we haven’t provided a written procurement ( only webinar ) update we would like to share with you the following updates on operational and corporate procurement.

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Recap: IMF & WBG Annual Meetings 2024

From October 22 to 26 the World Bank Group (WBG) and International Monetary FundAM-2024-1(IMF) Annual Meetings took place in Washington D.C.:

This year the Minister for Foreign Trade and Development Aid (BHO), Reinette Klever, could not attend and was represented by Finance Minister, Eelco Heinen. Beyond that numerous other Dutch Government and Banking Officials (including from Aruba and Curacao) were present.

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Haiti’s food crisis needs long-term solutions

Imagine being hungry but feeling too scared to go outside your home to buy food. And even if youBlogHaitiFoodSecurity-1_1140x500 venture to the store, you might find empty shelves because farmers and food suppliers dare not stock them.

This is the daily horror many Haitians face as armed gangs rampage in cities and the countryside. Five million Haitians, or nearly half the population, are going hungry and thousands are imperiled by famine.  

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Multilateral Development Banks to Boost Climate Finance

BAKU, 12 November 2024 – Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.

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Japan Signs $1 Billion Portfolio Guarantee with World Bank

Guarantee will free up additional financing to support crucial projects  

WASHINGTON, October 25, 2024—Japan signed a $1 billion portfolio guarantee agreement on Friday that will scale up financing from the International Bank for Reconstruction and Development for projects that address global challenges.

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World Bank Group Advances Gender Strategy, Unveils Economic Opportunity Ambitions

New targets aim to accelerate use of broadband internet, social protection programs, and capital by 2030

WASHINGTON, Oct. 24, 2024 – The World Bank Group today took the first steps toward implementing  Gender Strategy 2030, announcing a set of actions and concrete goals that aim to boost economic opportunities for more women.

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Pathways Out of the Polycrisis

The World Bank Group has set a clear mission: ending poverty and boosting shared 3PR-book-cover-FINAL-FINALprosperity on a livable planet. This report offers the first post-pandemic assessment of global progress toward these interlinked goals, and explores potential pathways out of today’s polycrisis – an environment where multiple and interconnected challenges are impacting the world simultaneously. The report’s messages are presented around progress in terms of the goals, pathways to move forward, and priorities depending on where countries stand on the interlinked goals.

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Spain Announces Early Financial Commitment of €400 Million to IDA, a Near 40% Increase in Pledge

Washington, D.C, October 24, 2024 — Spain has announced an early financial commitment of €400 million to the International Development Association, the World Bank’s fund for low-income countries. This is a 37% increase compared to the previous IDA replenishment cycle and underscores Spain’s continued commitment to sustainable development worldwide. This raises Spain’s total contribution to over €5 billion since IDA’s creation.

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