WASHINGTON, April 5, 2019 – The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019. The Board expressed its deep gratitude to Interim President Kristalina Georgieva for her dedication and leadership in recent months.
The Executive Directors followed the selection process agreed in 2011. The process included an open, transparent nomination where any national of the Bank’s membership could be proposed by any Executive Director or Governor through an Executive Director. This was then followed by thorough due diligence and a comprehensive interview of Mr. Malpass by the Executive Directors.
Our 2019 Spring Meetings is just around the corner and it’s time to get organized. Main stage speakers include representatives from top-notch institutions and organizations such as the United Nations, National Geographic, World Trade Organization, Bloomberg, Massachusetts Institute of Technology, among others.
The Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) is an event that brings together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
This year’s events will take place in Washington, D.C., April 8-14, 2019.
Deadline: 22-Apr-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)
The Government of Fiji has engaged IFC as transaction advisor to advise on the structuring of a Public Private Partnership to develop affordable and climate resilient housing. The project is proposed to be implemented as a mixed income housing development consisting of both single unit dwellings and units under a strata scheme across a number of sites on Viti Levu, the main island of Fiji. To support IFC’s advisory work on the project, IFC is looking to engage an experienced technical and engineering firm to carry out the following key tasks: (i) housing demand and affordability, (ii) development of technical specifications, (iii) project costing and (iv) technical support during the PPP design and bidding process.
In a tiny hamlet called Shinglab in Gazipur district, around 2 hours from Dhaka, you can see a cluster of homes made of varying materials depending on the household income.
Shamela Hakeem, 40, lives in a functional mud hut with a tin roof. A widow with no children, she makes around BDT 300 ($3.50) daily as a sweeper at a local factory.
Last year,. She is due to pay off her final installment within the next month.
But why did she decide to invest in a toilet?
Industrial robots, 3D printing, and artificial intelligence are rapidly changing the face of global production and trade. Global sales of industrial robots reached a new record of 387,000 units last year and robot adoption is projected to grow in the coming years. Techno-pessimists fear that developing countries might lose the opportunity to export themselves out of poverty by linking into Global Value Chains (GVCs), as firms in rich countries relocate robot-driven production closer to home.
Over the last five decades, Rail transport has faced major headwinds. The transformation of global supply chains has made the logistics business more challenging than ever, with increasing pressure to deliver fast and flexible services at a lower cost. In that quickly-evolving context, freight rail is grappling with fierce competition from road transport—a trend that will only intensify under the effect of disruptive technologies like autonomous trucks and on-demand mobility services. In addition, railways around the world have been hit by significant government budget cuts, limiting their ability to invest in infrastructure or maintain high service standards. Stiff competition from roads, which have the door-to-door delivery advantage have offered added pain.
Deadline: 14-Apr-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)
The International Finance Corporation (IFC part of the World Bank Group) is in preliminary discussions with the Government of Northern Macedonia, assess the bankability and support the development of a greenfield pumped-storage hydropower plant. Within the context of this potential engagement, IFC expects the need to perform a least-cost electricity generation and storage assessment of Northern Macedonia and neighboring countries, and economic analysis of the proposed project, and is seeking expressions of interest from experienced technical consultants (or consortia of consultants) with experience in electricity market design / assessment and renewable power generation.