World Bank Group Weekly Update
MAY 3
➡️ African Leaders Unveil Bold Transformation Agenda at
#IDA21
Summit.
➡️ Vulnerable Economies Falling Behind Despite Global Growth
➡️ How Somalia Turned a Page Amid a Global Debt Crisis
As part of a debt relief agreement,
#Somalia
has successfully implemented wide-ranging reforms to rebuild its economy and state institutions, despite a challenging domestic and external environment.
Explore the immersive story:
#IDAworks
What is driving forced displacement?
➡️Human rights violations
➡️Bad governance
➡️Conflict
➡️Climate
@RaoufMazou
discusses more on the second episode of our new limited series on the
#DevelopmentPodcast
. Listen now:
The
@WorldBank
Group is streamlining guarantee products, ensuring easy access and a seamless experience.
With simplified processes, the Bank is paving the way for more than $20B in annual guarantee issuance by 2030. More:
@IFC_org
@MIGA
At IDA Heads of State Summit,
@WilliamsRuto
underscored the critical role of
@WBG_IDA
in achieving development goals, adding IDA's demand-driven programs & long-term loans are pivotal in empowering nations achieve sustainable development.
#IDAworks
#IDA21
Discover a toolkit for policymakers on digital financial services (DFS) and learnings from global experiences that can help you create a legal and regulatory framework for DFS and drive financial inclusion. ➡️
Solar is expected to surpass coal as the world’s most available source of energy by 2027. ☀️ Learn how the right policies and regulations have broken down barriers to
#solar
– and can continue to do so:
#LivablePlanet
There is a need for a bigger, better bank to tackle issues such as climate change, biodiversity loss, pandemic preparedness, hunger and poverty according to
@SvenjaSchulze68
.
Watch her full interview with
@kanshula
:
How can countries across Europe and Central Asia harness the private sector’s potential to accelerate economic growth?
Join our
#ECAUpdate
discussion with
@IvailoIzvorski
,
@CEVES1
's Kori Udovički, and others at 8:30 AM EDT on May 7 to learn more:
[BLOG]
@WorldBank
's Victor Mosoti and
@ValerieMHickey
reflect on the serious legal implications of rising sea levels for atoll nations and coastal communities:
#BlueEconomy
Despite high potential, the 75 vulnerable economies supported by
@WBG_IDA
face a widening income gap with wealthier nations, marking a historic reversal in progress.
Policy reforms and global financial support can swing the momentum back ➡️
The Joint Data Center on Forced Displacement, in partnership with
@UNHCR
, provides crucial data on displacement. Informing policies in host countries and the international community's response.
Inclusive policies enable social and economic integration.
Developing
#EastAsiaPacific
region is growing faster than the rest of world but slower than before the pandemic, says new
@WorldBank
report. Regional growth is forecast at 4.5% in 2024, a decline from the 5.1% in 2023.
Providing a basic standard of care for people throughout their lives is critical for development.
@WorldBank
Group announces ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030.
#WBGMeetings
Innovation, Respect, Impact, Integrity, and Teamwork are the bedrock of
@WorldBank
sustainability and the foundation of the Sustainability Review.
Fresh thinking, sound solutions for sustainable development at your fingertips:
From Poverty to Prosperity
36 recipient countries have graduated from IDA, and many of them have returned as donors. The journey of these countries is a testament to the effectiveness of
@WBG_IDA
’s approach. Explore their stories:
#IDAworks
The
@WorldBank
launched an expanded crisis preparedness and response toolkit to help countries respond to emergencies. Discover how these tools will transform our approach to supporting nations during crises in a new blog by
@bjerde_anna
and
@EdMountfield
: