September 26, 1960 marked the beginning of a new chapter in the World Bank’s history b
y introducing one of the most effective instruments in the global fight to eradicate poverty: “The International Development Association (IDA), a new international agency for financing economic growth in the less developed countries, came into being today as an affiliate of the World Bank,” read the release.
A child born at the start of 2020 was less likely to become malnourished than a child born at 
the turn of the Millennium. Investment, innovation and commitment has seen rates of malnutrition fall. Yet despite this progress, malnutrition is still blighting lives around the world. What’s more, it is being dramatically exacerbated by the COVID-19 pandemic, which has rolled back decades of progress in child undernutrition and worsened the growing challenge of overweight and obesity. This has been compounded by disruptions to health and nutrition delivery systems, which are crucial in preventing, diagnosing and treating malnutrition.
More than one-third of people in Senegal work in agriculture, many tending to small plots of 
millet, rice, and ground nuts. Despite their importance to Senegal’s economy, these farmers often cannot afford the fertilizers and high-yield seeds so crucial to improving productivity.
To change that, one of Senegal’s leading microfinance institutions, Union des Mutuelles Alliance de Crédit et d’Epargne pour la Production (UM-ACEP), has long been providing loans to farmers. But it faces a challenge — one I have seen all too often in Sub-Saharan Africa. To reach more farmers, UM-ACEP needs capital, and many financial institutions are hesitant to lend the company money. They fear that UM-ACEPs business is too risky because their customers are smaller businesses with limited experience and undocumented financial performance.
So, IFC has stepped in.
I had the opportunity to visit Tanzania last month, my first mission to Africa since joining the 
World Bank. It was a long-awaited trip, as I wanted to see for myself what more we can do to support countries that are striving to recover from COVID-19. Coming from Indonesia, I also thought there were experiences that I could share from my own country’s development.
As the global economy gradually finds its way out of the COVID-19 pandemic, we are 
reminded each day of the fragility of recovery – threatened by new variants, outbreaks, and case spikes. It’s also a recovery that is uneven and unequal. Many low- and middle-income countries continue to face high levels of transmission as well as bottlenecks to vaccination, which contribute to business activity remaining below pre-pandemic levels.
In the busy streets of Male, the capital of Maldives, Aminath Waheed picks up passengers, 
blazing a trail as the city’s only female taxi driver. In the hills of Nepal, 30-year-old Madhukala Adhikari works
The 2021 Development Policy Financing Retrospective reviews one of the World Bank’s three financing instruments – non-earmarked budget financing that supports policy and institutional reforms to help clients achieve sustainable growth and poverty reduction. This Retrospective presents key takeaways on trends and performance of DPFs and their role in supporting development priorities. The analysis is focused on DPFs committed between FY16 and FY21. The World Bank systematically distills lessons from DPF Retrospectives as part of an ongoing effort to learn from implementation. This is the fifth DPF Retrospective since the DPF Operational Policy (OP 8.60) was introduced in August 2004.
Sustainable Development Goals, the need for global communities and countries to work together for our shared future is more urgent than ever. The GWSP is an action-oriented think tank that works with countries to help them manage their water better for green, resilient, and inclusive development. On a global scale, the COVID-19 pandemic has dealt the greatest blow to families and children
in living memory. Progress in human capital – the knowledge, skills, and health that people need to achieve their potential – is being reversed.
WASHINGTON, Nov 17, 2021 — Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19, according to estimates from the World Bank’s Migration and Development Brief released today.
Netherlands for the World Bank 
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