Are you paying taxes on sugary drinks? Half of the world’s population does and here is why it makes sense

Amid multiple crises and one of the sharpest global economic downturns in nearly three20150616-drc-tremeau-0931.jpg decades, policymakers are looking for new tools to improve productivity and raise revenue. Sugar-sweetened beverage (SSB) taxes are of increasing interest for their potential to both improve population health and bring in new revenue. These taxes increase the price of sugary drinks such as sodas and energy drinks, relative to healthier alternatives such as unsweetened water.

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Rated Criteria – A Game Changer for Promoting Value in World Bank Procurement

· World Bank Procurement in Investment Project Financing helps borrowers achieveRated-Criteria-Image sustainable development objectives through value-based, principled, and transparent procurement guidance and support.

· The World Bank Procurement Framework launched in 2016 promotes a strategic, fit-for-purpose approach to procurement that focuses on impact and overall value-for-money.

· In keeping with the value-focused approach, most World Bank-financed Procurement will require the use of Rated Criteria which will promote the inclusion of key quality and sustainability criteria rather than using just the lowest evaluated price for award decisions.

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5 ways the World Bank is leading by example on nature

We are emerging from decades of a “grow now, clean up later” mindset that deliveredshutterstock_1063413929_2.jpg development dividends, while hiding a host of social and environmental issues. In 2020, this paradigm hit headfirst into the realities of a global pandemic, worsening climate change, and conflict. Across poor countries and in poor communities, people who had only marginally benefited from development were the first to experience its shortcomings.

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A Conversation with Mohamed El-Erian

World Bank Group President David Malpass and President of Queens’ College, Cambridge University, Mohamed El-Erian will have a conversation about global macroeconomic trends and their effects on development.

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How can developing countries address rising interest rates, depreciating currencies, and stagnant growth? What can central banks and other financial institutions do to manage these crises? What are some possible innovative solutions to address them?

Join President Malpass and Dr. El-Erian as they discuss these issues and policy actions that governments can take.

The Way Forward is an occasional series of in-depth discussions on development challenges and innovative solutions, hosted by World Bank Group David Malpass.

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Malpass Announces Strengthened Effort to Support Private Sectors and Increase Private Capital for Development and Climate

WASHINGTON, March 23, 2023—World Bank Group President David Malpass today announced a new approach to strengthen private sectors and the delivery of Private Capital Facilitation in World Bank Group operations and knowledge work aimed at increasing growth and the resources available for development and climate costs.

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Reminder on Subcontract and Subaward Reporting Requirements

Letter from USAID

Dear Partners,

The purpose of this letter is to remind prime contractors and recipients of their responsibilities to report certain subawards and subcontracts in the Federal Funding Accountability and Transparency Act (FFATA) Subaward Reporting System (FSRS), available at FSRS.gov.

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Dutch cabinet accelerates plan for hydrogen production at sea

The cabinet wants to install the first large-scale green hydrogen production at sea inHydrogenfuelcell the North Sea, north of the Wadden Islands. The production location will be located next to two wind farms and should be operational around 2031. The green hydrogen is brought ashore through pipelines.

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Remembering the lessons of COVID-19 to build resilience for future shocks in Europe and Central Asia

From January 2020 until recently, COVID-19 dominated international headlines and ourserbiacovidtesting.jpg thoughts. Europe and Central Asia were severely hit by COVID-19, facing among the highest excess death rates in the worldAs we start to mask less and come together more, we should reflect on the ramifications of COVID-19 and how we are helping the most vulnerable in Europe and Central Asia address the human capital losses it induced.   

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Food Security Update | World Bank Response to Rising Food Insecurity

Latest Update – February 27, 2023

Domestic food price inflation remains high around the world. Information from the latest month between October 2022 and January 2023 for which food price inflation data are available shows high inflation in almost all low- and middle-income countries, with inflation levels above 5% in 88.9% of low-income countries, 87.8% of lower-middle-income countries, and 93.0% of upper-middle-income countries and many experiencing double-digit inflation. In addition, about 87.3% of high-income countries are experiencing high food price inflation. The countries affected most are in Africa, North America, Latin America, South Asia, Europe, and Central Asia. 

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