Governments worldwide are facing overlapping crises, including COVID-19, debt, climate change, and conflict, which challenge their ability to provide essential public goods and services to their people, especially the most vulnerable. Fiscal constraints, climate-related disasters, wars, and lack of legitimacy often limit governments’ capacity to act effectively.
In his speech, “Growth and Stability During Crises,” World Bank Group President David Malpass discussed the challenges facing development policy, including the need for macroeconomic stability, the importance of private capital to international integration, and the increasing need to support global public goods. President Malpass emphasized the role of education in supporting growth and creating pathways out of fragility and extremism, which are both critical for Africa’s Sahel Region.
The live-streamed speech was hosted by the Abdou Moumouni University of Niamey, Niger.
We wrap up all the developments from the Meetings with Devex’s Raj Kumar. UN Deputy Secretary General Amina Mohammed joins The Zone to talk about how to get the SDGs back on track and the partnerships needed to tackle poverty. Amit Bouri outlines how private investment can increase development impact, and Dr. Ahmed Ogwell Ouma of the Africa CDC gives insight on preparing for the next pandemic.
At this year’s World Bank Group-IMF Spring Meetings, management and shareholders
recommitted to the institution’s vision of a poverty-free world and pledged to explore new solutions to tackle an ever-present set of threats to development and the lives of the poor—from stress in the banking sector and persistent inflation to rising debt, Russia’s invasion of Ukraine, and the mounting dangers of climate change.
Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.
Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.
The current strains in the financial sector highlight once more the importance of sound risk-
management practices in banking. Understanding potential balance-sheet risks arising from holding specific assets is paramount. That’s why,
Amid multiple crises and one of the sharpest global economic downturns in nearly three
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.
· World Bank Procurement in Investment Project Financing helps borrowers achieve
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.
We are emerging from decades of a “grow now, clean up later” mindset that delivered
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.
Netherlands for the World Bank 
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