World Bank Weekly Update:
➡️ The missing trillions for climate change
➡️ Remittances Remain Resilient but Likely to Slow
➡️ EVENT | June 21 | Visualizing Progress: Data Insights from the SDG Atlas
➡️ Data, Jobs, News & More!
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Since 2017, #Türkiye built 57 schools to be more resilient to disaster with , and support.
All of these schools in areas impacted by the February 2023 earthquakes survived, with some being used to provide temporary shelter: wrld.bg/oR9l50OPW9v
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Trillions of dollars are currently spent on inefficient subsidies that are making climate change worse.
Let's allocate this money to finance much-needed #ClimateAction and reform subsidies so we can create a cleaner, greener planet for all.
#DetoxDev
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Subsidies of over $635 billion a year drive excessive fertilizer use that harms soil, water, and human health. 🌱
It's time to rethink our agricultural practices.
#DetoxDev report: wrld.bg/mcVm50OPR4L
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Barbados’ tech-focused, data-driven response to climate change can help strengthen its resilience—and can be adapted by other countries facing similar challenges.
Read more here: wrld.bg/ZhXw50ONoWo
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Women & girls are more vulnerable to the impacts of groundwater depletion:
⁍The burden of water collection results in missed school & work
⁍The already lower yields of female farmers will decrease even further
More in #EconomicsOfGroundwater: wrld.bg/pvVa50OOEMs
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Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. What's driving this slowdown, and what needs to be done to unleash the global economy's full potential? Watch this interview with World Bank's Deputy Chief Economist, Ayhan Kose. wrld.bg/EJmh50OPWeE
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Top recipient countries for remittances were India ($111 billion), Mexico ($61 billion), China ($51 billion), the Philippines ($38 billion), and Pakistan ($30 billion).
Read new report by and wrld.bg/qLIK50OPWkc
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This is Maritza, a young Peruvian entrepreneur who is expanding her business thanks to a loan from , part of ´s work to empower women in #Peru. She shared her story with Ajay Banga, the new president of the Group.
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Governments spend 6x their #ParisAgreement commitments on fossil fuel subsidies. What if these funds were used for renewable energy instead?
➡️ Learn more in the new report: wrld.bg/XX3750OPS7g #DetoxDev
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Putting a price on carbon in shipping could raise $40-60 billion annually. How could this money be put to work? Reinvesting in decarbonization efforts, improving port infrastructure, and supporting climate-vulnerable countries.
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NEWS: The Group has announced a New Country Partnership Framework with #Tunisia.
The framework supports the govt’s development plan to expand the economy to benefit all, create quality #jobs, & boost resilience to #ClimateChange.
Learn more:
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Great to continue my discussion with 🇩🇪 German Minister on our cooperation on debt sustainability and Evolution
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Kosovo's successful #digital economy project inspires hope.
With collaborative efforts of the government, internet operators & , the country connected its last unconnected village to high-speed internet, transforming the lives of every citizen. wrld.bg/cHrp50OPvvz
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On our latest #DevelopmentPodcast we explore the impacts of this year’s grim economic forecast, specifically for small states – countries with 1.5 mill people or less–. How can they recover for a more #resilientfuture?
🎧 Listen here: wrld.bg/oasP50OPAHo
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Trillions wasted on harmful subsidies could be key to tackling climate change. New report reveals how.
Read it here ➡️ wrld.bg/7BSM50OPiq3 #DetoxDev
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The 2023 Atlas of Sustainable Development Goals (SDGs) showcases the power of data in achieving #SDGs.
Join us on June 21, 10-11 am EDT, as we explore data's critical role in policymaking, identify challenges, and discuss innovative solutions. wrld.bg/4GJ450OIgOK
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Across #Türkiye, over 40,000 people now have access to safer and more resilient schools as a result of 's partnership with the , and . Learn more here: wrld.bg/RzOl50OMeEV
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Below ⬇️: the 10 countries with the highest food price inflation in the latest bi-weekly #FoodSecurity Update. wrld.bg/pfCk50OMeNk
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Controlling deforestation, managing water resources, and decarbonizing transportation are some of the recommendations of the new #Peru Country #ClimateAndDevelopment Report. Get it here: wrld.bg/HFuG50OOIez #PeruCCDR #ClimateActionWBG
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Amount of people struggling w/ extreme poverty & food insecurity in low-income countries (LICs) has risen.
Causes: sharp cost of living rises + severe droughts/floods or intensified violence.
Growth forecasts: downgraded for >40% of LICs.
📕#WBGEP2023: wrld.bg/9yxG50OOHzt
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Jamaican farmers face serious challenges due to #Climate. Meet Earl, whose greenhouse technology is protecting his fields from adverse weather and natural conditions, helping him produce more valuable crops.
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Groundwater can reduce up to 1/2 of productivity losses caused by rainfall variability & protect against malnutrition.
More on #EconomicsOfGroundwater & its role in safeguarding #FoodSecurity: wrld.bg/EqY250OOECI
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Poor Menstrual Hygiene Management #MHM makes girls vulnerable to infections & keeps them out of school.
That’s why the is providing sanitation services with MHM facilities & MHM training in #Tanzania→ wrld.bg/iPEq50OEVco
#WeAreCommitted
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Our $16.6 million in guarantees in the #WestBank will boost growth and create jobs.
In 2021, the Nakheel date project created 815 jobs. 30% of the employees were women and 60% came from low-income families.
ℹ️ More: wrld.bg/VU4w50OtFpq
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"Discovering the Center made me feel safe." Group supported ALEGRA Centers in #Peru are empowering women like Rosa by providing legal services and resources.
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Top recipient countries for remittances were India ($111 billion), Mexico ($61 billion), China ($51 billion), the Philippines ($38 billion), and Pakistan ($30 billion).
Read new report by and wrld.bg/g2HB50OO7ve
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#Vietnam aims to become a high-income country by 2045, but the damage caused by climate change poses a critical obstacle to this goal.
Learn more in blog 👇
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Learn how climate actions must take center stage in Vietnam's development strategy in our blog
wrld.bg/4EGB50ONyVF
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In this discussion with President we emphasize that to help countries in crisis, the must operate at dual speed, helping meet immediate needs while also laying the groundwork for longer-term recovery and growth.
Watch here: wrld.bg/O8OR50OMlTH
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Without the means to fund #energytransition, developing countries often:
➡️ Pay more for electricity
➡️ Lack access clean energy projects
➡️ Are locked into fossil fuel projects
How do we unlock clean energy for all? Read
’s blog:
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𝗖ountry
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What is a CCDR? How is this pioneering World Bank Group diagnostic report helping shape climate action around the world? #ClimateAndDevelopment
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The World Bank’s Rural Alliances Project has benefited more than 107,000 Bolivian producers to access financing, technology and training; three key elements to improve their productivity and, consequently, their quality of life. Watch this video: wrld.bg/kXBu50OMcWz
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. Group Deputy Chief Economist Ayhan Kose outlines the dire tradeoffs faced by Low-income Countries (#LICs) due to limited fiscal resources & intensifying fiscal challenges.
Read the Global Economic Prospects 2023 report ➡️wrld.bg/JWm850OMeBn #GEP2023
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Is the world on track to reach #SDG7 on universal access to energy by 2030?
& just released their annual #TrackingSDG7 Report Find more about the new publication here ➡️ wrld.bg/EtwX50OMb7S
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The COVID-19 pandemic underscored the importance of building resilient systems & breaking the “panic & neglect” cycle.
Akihiko Nishio, VP of Development Finance, highlights how invests in preparedness through a new Crisis Facility.
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From 3 hours to 20 minutes, that is how much Fran's commuting time has been reduced since she became one of the 600,000 daily users of the , a system that has the potential to improve mobility in Lima, #Peru.
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In 14 countries worldwide, women have 100% of the legal rights of men:
Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Latvia, Luxembourg, the Netherlands, Portugal, Spain & Sweden.
More data in the 2023 #WomenBizLaw report: wrld.bg/TsGT50OM9tE
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The 's #SDGAtlas provides timely data visualizations and interactive storytelling to guide decision-making & measure progress toward #SDGs.
Join the #SDGAtlas launch and see how data-driven innovations can help progress toward the 2030 Agenda.
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#Guinea pledges 30% natural resource preservation by 2030, recognizing ecosystems' importance for livelihoods & water supply.
-funded project aids in developing protected areas, reducing emissions, improving resilience, and creating green jobs. wrld.bg/II8550OMawI
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The Group has been a long-standing partner to #Peru. Ajay talked with Dina Boluarte about how to maximize our impact through knowledge, financing and technical assistance to improve the lives of all Peruvians.
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Presidenta Dina Boluarte se reunió con los titulares del @BancoMundial, Ajay Banga, y del @el_BID , Ilan Goldfajn, con quienes se ratificó el compromiso de seguir trabajando en conjunto en el impulso de proyectos en salud, educación, vivienda, transporte, y agua y saneamiento.
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