Tag Archives: World Bank
Remittances Grow 5% in 2022, Despite Global Headwinds
WASHINGTON, Nov 30, 2022 — Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief.
How Vietnam Opened New Doors for Deaf Children
STORY HIGHLIGHTS
- The Quality Improvement of Primary Education for Deaf Children Project developed new sign language gestures and trained deaf teachers, mentors, and caregivers.
- Expanded sign language facilitated the integration of deaf children in Vietnam into the mainstream and special education.
- The success of the project makes it suitable for expansion around the country and to older students.
Blue Economy for Resilient Africa Program
About the Blue Economy for a Resilient Africa Program 
The African Union estimates that the Blue Economy currently generates nearly US$300 billion for the continent, creating 49 million jobs in the process. These and other crucial benefits—most notably food security, livelihoods, and biodiversity—are entirely dependent on the ocean’s health. By safeguarding and enhancing marine and coastal health, countries will be in a better position to take full advantage of future Blue Economy opportunities, which range from sustainable blue energy to aquaculture to blue carbon.
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World Bank Mobilizes Additional $4.5 billion for Ongoing Assistance to Ukraine
WASHINGTON, November 22, 2022—The World Bank Group today announced an assistance package for Ukraine of $4.5 billion in additional grant financing provided by the United States government. The grant is mobilized under the World Bank’s Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) Project, which aims to help the Government of Ukraine sustain essential services and core government functions at the national and regional levels.
Key drivers of COVID-19 vaccine hesitancy in developing countries
As the world is entering the third year of the global COVID-19 pandemic, it is increasingly
important to understand why many people are still hesitant to get the COVID-19 vaccine even when it is available . However, little is known about vaccine hesitancy in developing countries, as most studies have focused on high-income countries and the few that have analyzed developing countries were either not comparable across countries or not nationally representative.
Costa Rica’s Forest Conservation Pays Off
STORY HIGHLIGHTS 
- Costa Rica has become the first country in Latin America and the Caribbean to receive payments from the World Bank’s Forest Carbon Partnership Facility for reducing carbon emissions from deforestation and forest degradation—commonly known as REDD+.
- This first payment – of $16.4 million for independently verified emission reductions — is a milestone for Costa Rica.
- Results-based climate finance such as payments for emission reductions increasingly is being used to incentivize climate action and help countries achieve their Nationally Determined Contributions to the Paris Agreement.
Global Water Security & Sanitation Partnership: Five Years of Advancing a Water-Secure World for All
STORY HIGHLIGHTS 
- Over the past five years, climate considerations have become embedded in GWSP support, leading to a rising number of projects with climate co-benefits.
- The World Bank Water Global Practice’s work in fragile, conflict and violence-affected areas has grown significantly, and Global Water Security and Sanitation Partnership now supports active engagement in 33 countries.
- There is more social inclusion in the water sector. The average share of female engineers in 23 participating utilities in Ethiopia increased from 8 percent to 12 percent in just two years. Continue reading
Remarks by World Bank Group President David Malpass at the COP27 Climate Finance Event
Thank you, Prime Minister Madbouly, Dr. Shoukry for hosting this event on climate finance.
Developing countries are facing an economic crisis, heavy debt burdens, high inflation, and climate change. It is a crisis facing development itself.
World Bank Group Announces Major Initiative to Electrify Sub-Saharan Africa with Distributed Renewable Energy
Initiative will use solar off-grid, mini-grids and other means to promote universal access to electricity
Washington, Nov. 9, 2022—The World Bank Group announced today an innovative initiative to accelerate the pace of electrification in Africa to achieve universal access by 2030. The World Bank, the Multilateral Investment Guarantee Agency (MIGA), the International Finance Corporation (IFC), and other development agencies will promote private investment in distributed renewable energy (DRE) systems to electrify targeted areas quickly and efficiently. The Distributed Access through Renewable Energy Scale-Up Platform (DARES) calls for joint action by government, private investors, and development agencies to solve Africa’s immediate needs while developing DRE solutions that can be applied globally.
Netherlands for the World Bank 
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