COVID-19 Drives Global Surge in use of Digital Payments

Three quarters of adults now have a bank or mobile money account; gender gap in accountAgricultura digital ownership narrows

WASHINGTON, June 29, 2022— The COVID-19 pandemic has spurred financial inclusion – driving a large increase in digital payments amid the global expansion of formal financial services. This expansion created new economic opportunities, narrowing the gender gap in account ownership, and building resilience at the household level to better manage financial shocks, according to the Global Findex 2021 database. 

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When the debt crises hit, don’t simply blame the pandemic

Every debt crisis begins with unheeded warnings and ends with severe limits on investmentshutterstock_2051836073_blog_june_28heroimage1 in education, health, and infrastructure among other things. These crises often spark civil unrest and government collapse, delivering a lasting setback to the growth prospects of the affected country. 

Madagascar: $220 Million to Improve Basic Water and Sanitation Services and Supply

ANTANANARIVO, June 17, 2022—The Government of Madagascar and the World Bank signed the recently approved $220 million National Water Project. The project seeks to increase access to water services in the Greater Antananarivo area and selected secondary towns, and to improve the performance of the water and energy utility (JIRAMA).

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eC2: Country Assessment to promote unconventional water resources and resource recovery from wastewater under circular economy principles to enhance financial sustainability, water security

Deadline: 14Waste water plant-Jul-2022 at 11:59:59 PM (Eastern Time – Washington D.C.) 

The World Bank is supporting with the Government of South Africa to promote the prioritization and design of investments that leverage unconventional water sources and that recover resources from wastewater and fecal sludge to make the water sector more financially and environmentally sustainable, while increasing water security and resilience.

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Re-establishing trust in the digital age of accelerated innovation

Is this the golden age of innovation? dataprivacy-image_hero8

It has been said that we now find ourselves in the “Golden Age of Innovation.” While it is undeniably true that we live in a time when the pace of technological change is faster than ever before, from available new digital technologies to the data that fuels them the picture is not always as rosy as some would have it.

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Raising the bar on debt data transparency

Total public debt stands at an alarming 50-year high in low- and middle-income economies,jun2022_debttransparency_datablog_mainimage the equivalent of more than 200 percent of government revenues. With the pandemic-induced economic slowdown, the impact of the war in Ukraine, and the rise of interest rates, many countries are facing severe challenges in servicing their debt. 

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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.

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