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Tag Archives: World Bank Group
Broad, fast action to save lives and help countries rebuild
The COVID-19 pandemic is uncharted territory for every country in the world. It has unleashed both a global health emergency and an unprecedented economic crisis of historic magnitude. That is substantially bigger than South Asia’s entire regional economy (which is about $3.5 trillion), and as if we somehow wiped both Germany and Belgium off the economic map. Worse still, the fall from where we expected to be in 2021 if COVID-19 hadn’t hit is closer to $7.5 trillion dollars—equivalent to 40% of the entire U.S. economy, as well as larger than the combined GDP of Latin America and the Caribbean plus the Middle East and North Africa.
Upcoming Live Event
Coronavirus Live Series: A Shock Like No Other: The Impact of the 
Pandemic on Commodities
May 08, 2020 | 11:00 to 11:30 ET, 15:00 to 15:30 GMT
Why and how are developing countries particularly vulnerable to volatility in commodity prices?
eC2: IFC Upstream Regional Workshops: Idea Development Sessions for the Ukraine
Deadline: 12-May-2020 at 11:59:59 PM (Eastern Time – Washington D.C.)
IFC is searching for a consultant that will support its Ukraine Country Leadership team in the design, preparation and facilitation of an idea development workshop to help accelerate its Upstream pipeline development efforts creating, refining and planning new opportunities in the Ukraine.
Cities, crowding, and the coronavirus: Predicting contagion risk hotspots
Across the globe, well-functioning cities do one thing really well – they bring people 
together. Social and economic interactions are the hallmark of city life, making people more productive and often creating a vibrant market for innovations by entrepreneurs and investors. No country can achieve significant economic growth without vibrant cities.
eC2: IFC Upstream Regional Workshops: Idea Development Sessions: Vietnam
Deadline: 12-May-2020 at 11:59:59 PM (Eastern Time – Washington D.C.)
IFC is searching for a consultant that will support its Vietnam Country Leadership team in the design, preparation and facilitation of an idea development workshop to help accelerate its Upstream pipeline development efforts creating, refining and planning new opportunities in Vietnam.
Scaling up the COVID-19 crisis response now will avoid higher costs later
Much more is still needed to help developing economies in the wake of the COVID-19 
crisis. If we don’t scale up our efforts now, the damage will require a much larger response later.
eC2: Legal COVID-19 PPP Rapid Assessment – Asia, Latin America and Caribbean
Deadline: 07-May-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) 
To inform the Bank in the dialogue and support to governments with critical strategic short-term advice on the immediate impacts of the COVID-19 pandemic, IPG and PPIAF are establishing this Rapid Response Program. The Program will help provide international best practice insights in the Banks dialogue with client countries regarding options for planning for the medium to long-term impacts on PPP portfolios and ensuring they have access to the latest information and advice on relevant topics.
eC2: Advisory Services and Analytics on Forest Smart Mining
Deadline: 14-May-2020 at 11:59:59 PM (Eastern Time – Washington D.C.)
Advisory Services on Forest Smart Mining: Identifying innovative instruments that support the participation of the mining community in Nature Based Climate Solutions. The objective of this study is to identify, analyze case studies that will examine the role specific innovative net emissions mitigation mechanisms could play in incentivizing more robust participation by the large-scale mining community in forest smart mining practices.
World Bank Predicts Sharpest Decline of Remittances in Recent History
WASHINGTON, April 22, 2020 — Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an economic crisis in a host country. Remittances to low and middle-income countries (LMICs) are projected to fall by 19.7 percent to $445 billion, representing a loss of a crucial financing lifeline for many vulnerable households.
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