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
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
:
The World Bank Resilience Rating System offers a way to support better project design to help manage the climate risks of today and the future. See how the Resilience Rating System was successfully piloted in 21 projects across multiple regions: