One year into the COVID-19 pandemic, the health crisis has triggered an economic crisis and a
protracted rise in food insecurity. Basic sustenance has become unaffordable for the world’s poorest, and disruptions of health and nutrition services will have long term consequences. Even before the pandemic, the world was not on track to meet the Sustainable Development Goal 2 (SDG2) goal of Zero Hunger.
Tag Archives: World Bank
Time to decarbonize transport for a green, resilient and inclusive recovery
At a time when we face enormous challenges brought on by the COVID-19 pandemic, it is 
heartening to see the world mobilizing as never before to tackle the looming crisis of global warming. The international development community is also stepping up. In 2020, the World Bank Group reached its highest ever level of climate financing, at $21.4 billion, and we recently announced our plan to align all-new World Bank operations with the Paris Agreement by July 2023.
Deploying Digital Tools to Withstand Climate Change in Low-Income Countries
STORY HIGHLIGHTS
- Climate change is increasing the frequency of natural hazards.
- Disaster risk management specialists have improved the ability of countries to respond to risks, using a variety of digital technologies.
- Mapping, micro-tasking and visualizing tools are critical to reduce the impact of climate change in the world’s poorest countries.
World Bank Group; Climate Change Action Plan 2021-25
Report: Commodity Prices to Stabilize after Early 2021 Gains, Supported by Global Economic Recovery
Path of commodity prices depends on pace of recovery and containment of COVID-19
WASHINGTON, April 20, 2021 – Commodity prices continued their recovery in the first quarter of 2021 and are expected to remain close to current levels throughout the year, lifted by the global economic rebound and improved growth prospects, according to the World Bank’s semi-annual Commodity Markets Outlook.
How debt reduction can build an inclusive economy for the next generation
World Bank Financing for COVID-19 Vaccine Rollout Reaches $2 Billion
Financing for the poorest countries is on grant or highly concessional terms
WASHINGTON, April 20, 2021— The World Bank announced today that it has reached $2 billion in approved financing for the purchase and distribution of COVID-19 vaccines for 17 developing countries. This financing is part of the $12 billion envelope over 24 months for developing countries to acquire and deploy vaccines and strengthen their vaccination systems. For poorer countries financing is on grant or highly concessional terms. The Bank expects to support 50 countries with $4 billion financing for COVID-19 vaccines by mid-year.
What are countries doing to prepare for large scale vaccine rollouts?
Message of His Holiness Pope Francis to the World Bank Group and International Monetary Fund
I am grateful for the kind invitation to address the participants in the World Bank Group and 
International Monetary Fund 2021 Spring Meetings by means of this letter, which I have entrusted to Cardinal Peter Turkson, Prefect of the Holy See’s Dicastery for Promoting Integral Human Development.
Webinar Recap WBG/IMF Spring Meetings
Key Green Transitions: How Systems Are Changing for People and Planet
Everyone should be able to live a sustainable life on a healthy planet. But the last six years have been the hottest on record. Record-breaking wildfires, droughts, floods and hurricanes have taken lives, damaged homes, hospitals and businesses. Meanwhile, COVID-19 took a heavy health and economic toll and pushed millions into extreme poverty.
COVID-19: Vaccines for Developing Countries
The rollout of COVID-19 vaccines in developing countries is critical to protecting lives, building human capital, and stimulating economic recovery. The current crisis is exacerbating inequalities throughout the world and, without access to vaccines, the gap will widen further.This event begins with voices of youth from around the world reflecting on the impact of the pandemic and their hopes for a speedy recovery with a return to school, friends, and family.World Bank Group President David Malpass then describes what vaccines mean for the world, what needs to be done to accelerate production and ensure safe and effective distribution to developing countries, and the importance of collaboration amongst all stakeholders for a sustainable and inclusive recovery
Netherlands for the World Bank 
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