Building Back Better from the Crisis
Toward a Green, Resilient and Inclusive Future
Tag Archives: World Bank Group
Remittance Flows Continue to Grow in 2023 Albeit at Slower Pace
WASHINGTON, Dec. 18, 2023 — Remittances to low- and middle-income countries (LMICs) grew an estimated 3.8% in 2023, a moderation from the high gains of the previous two years. Of concern is the risk of decline in real income for migrants in 2024 in the face of global inflation and low growth prospects, according to the World Bank’s latest Migration and Development Brief released today.
Toward a path to sustainable refugee return
In public debates, return is often regarded as the most natural solution for refugees: they are “out of place” and return seems the most sensible way to restore the natural order of things. But is it that simple?
We need to change the way we support refugees – now !
On a recent joint visit to Adré, a town in Eastern Chad at the border with Sudan—on an arid
land where nothing seems to grow except tents set up by UNHCR—we witnessed tragedy and hope. Tragedy because of the horrific tales from recently arrived refugees who had to leave their lives behind due to the violence in Sudan—the killings, the rapes, the ransacks. Hope, because despite dire development challenges, Chad is offering protection and safety, at least until refugees can return safely to Sudan.
Refugee education: Financing what matters
At the Global Refugee Forum this week, education stakeholders will pledge to include all refugee children in national education systems. Three major questions arise: what does inclusion mean, why does it matter and how do we get there?
Inclusion refers to refugee children attending schools that are part of the host country’s national public system, funded through government channels, and attended by both refugee and host community children together.
Continue readingWBG Procurement Opportunities
Interested in Doing Business with the World Bank Group? Please see selected opportunities
below.
Procurement Framework and Regulations for Projects After July 1, 2016 (worldbank.org)
Planting Mangrove Forests Is Paying Off in Indonesia
Paying local residents to plant mangroves has raised incomes, increased fishery output,
protected coastal areas, and contributed to efforts to mitigate climate change.
protected coastal areas, and contributed to efforts to mitigate climate change.Mangroves play a critical role in supporting coastal livelihoods, protecting coasts from disasters, and mitigating global climate change. They can contribute to ending poverty and creating a livable planet. They are particularly important in Indonesia, which has the world’s largest and most diverse mangrove forests.
Remarks by World Bank President Ajay Banga at Transforming Climate Finance Event, COP28
As Prepared for Delivery
We are here at a critical moment in the arc of humanity – and the planet.
But it is not a moment without hope.
The resources of wealthy nations can create opportunities, meanwhile the abundance of sun, wind, fertile soil, and young people enjoyed by emerging economies could drive our future.
WBG Procurement Opportunities
Interested in Doing Business with the World Bank Group? Please see selected opportunities below.
Procurement Framework and Regulations for Projects After July 1, 2016 (worldbank.org)
World Bank Group Doubles Down on Financial Ambition to Drive Climate Action and Build Resilience
DUBAI, December 1, 2023 – With an ambitious financing package announced at COP28, the World Bank Group is helping people in developing countries better withstand the devastation of climate change and create a better world for their children and grandchildren.
The World Bank Group is pushing to do more to battle climate change and do it faster, devoting 45 percent of its annual financing to climate-related projects for the fiscal year that runs from July 1, 2024, to June 30, 2025.
This increased ambition is more than just a laudable percentage—it’s putting to work more than $40 billion—around $9 billion more than previously programmed. In 2021, the Bank announced a goal to reach an average of 35 percent by 2025 and is currently ahead of schedule, running at an average of 36.3 percent since July 2022.
In October, the World Bank secured an ambitious—and expanded—mandate to create a world free of poverty on a livable planet. The new climate pledge is a concrete example of the Bank delivering on that mandate.
In addition to boosting resilience and adaptation among those hardest hit by the effects of climate change, World Bank Group projects also will focus on safeguarding ecosystems and biodiversity to protect the health of people and planet.
Having pledged to squeeze more from its balance sheet to fund the fight against climate change, the Bank will continue to deliver on adaptation to help countries devastated by climate shocks and on mitigation to help reduce the greenhouse gases contributing to climate change.
Last Updated: Dec 01, 2023
Netherlands for the World Bank 
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