world bank support to ethiopia

In client countries, we work with financial-sector authorities, central banks, capital market authorities, other supervisory and regulatory authorities, regional development banks, regulatory agencies and donors such as theBill & Melinda Gates Foundation, theUnited Kingdoms Department for International Development(DFID), and the development agency of Switzerland (SECO). Deepened and accelerated support for African development requires working in partnership with a broad range of actors, aligning objectives and exploiting synergies and comparative advantages. The World Bank actively participates in several standard-setting initiatives led by theCommittee on Payments and Market Infrastructures(CPMI) of theBank for International Settlements(BIS) and theInternational Organization of Securities Commissions(IOSCO). The World Bank Group remains firmly committed to advancing the role of the private sector in development and providing support to governments to design the regulatory environment that supports this. More than 80 percent of them were new borrowers, who would not have been able to access this credit without the guarantee provided by the FISP. The World Bank Groups global response will address four priorities: The World Bank gained extensive experience in response to the 2007-2008 global food price crisis through the temporary Global Food Crisis Response Program (GFRP) that received donor contributions and channeled funds to 49 affected countries through 100 projects. We conduct diagnostics, formal assessments against prevalent standards and guidelines, design strategies, finance procuring new systems and upgrading existing systems, advise on the enabling legal and regulatory frameworks, help strengthen oversight and cooperative arrangements, create a conducive environment for adoption of new technologies and approaches without negatively impacting the safety and soundness of the financial system and facilitate regional harmonization and integration of payments and market infrastructures. World Bank support to Kenyas pandemic response includes emergency funding to strengthen medical services and reduce the spread of the virus, as well as budget support to help close the fiscal financing gap while supporting reforms that help advance the governments inclusive growth agenda. But Where Should Policymakers Start? The World Bank Group works in every major area of development. Community-Driven Development Developing countries have made tremendous progress in getting children into the classroom and the majority of children worldwide are now in primary school. WASHINGTON, November 22, 2022The World Bank Group today announced an assistance package for Ukraine of $4.5 billion in additional grant financing provided by the United States government. To date, the World Bank has mobilized close to $17.8 billion in emergency financing in support of the people of Ukraine, including commitments and pledges from donors: more than $11.4 billion of this financing has been disbursed. In 2020, the World Bank launched The Next Generation African Climate Business Plan (NG-ACBP), setting out an innovative blueprint to help Sub-Saharan African economies achieve low carbon, climate-resilient outcomes. The World Banks risk assessment support The World Bank has developed an advisory package to guide countries in conducting their ML/TF risk assessment. Read. World Bank This year, theRwanda Energy Access and Quality Improvement Project (EAQIP)will enhance the availability and efficiency of low-cost renewable energy and expand grid connections for residential, commercial, industrial, and public sector consumers. The World Bank supports CDD approaches and devolved climate finance that empower communities to drive a climate agenda in support of their development goals and promote greater transparency and accountability on climate finance for local stakeholders. TheBlue Economy for Resilient Africa Program(BE4RAP), was announced at aCOP 27and willl work with Africas coastal countries to leverage the opportunitiesand manage the risksinherent in growing their budding Blue Economies. World Bank Support for Country Access to COVID-19 Vaccines WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. With IDAs help, hundreds of millions of people have escaped povertythrough the creation of jobs, access to clean water, schools, roads, nutrition, electricity, and more. Globally, we partner with the BIS (particularly the CPMI)and with IOSCO, and theInternational Telecommunications Union(ITU) to develop global standards, guidelines and best practices and their wider adoption. The team leverages these engagements with the SSBs to analyze and if appropriate integrate these new developments into the WBG operations. A call for transparency in climate finance at COP27, International Development Association (IDA), BLOG: World Bank support to the poorest countries: 5 things to know about IDA20, BLOG: Commodity prices eased in OctoberPink Sheet, Children out of school (% of primary school age). (2022), Central Bank Digital Currency: A Payments Perspective(2021), Central Bank Digital Currency: Technical Background Technical Note(2021), Central Bank Digital Currencies for Cross-Border Payments(2021), Legal Framework for Cybersecurity in the Financial Sector: A Comparative Study on Existing Domestic or Regional Legislation on Cybersecurity (2022), Cyber Threats to the Financial Sector in Africa: An Assessment of the Current Threat and an Analysis of Emerging Trends on the Future Threat Landscape (2022), Cyber Resilience for Financial Market Infrastructures(2019), Digital ID to Enhance Financial Inclusion: A Toolkit for Regulatory Authorities (2022), Digital ID Assessment Instrument: Financial Sector Module (2022), Guidance for the Implementation of Electronic Payment Acceptance Reforms (2022), Electronic Payment Acceptance Assessment Guide (2022), Innovations in Electronic Payment Acceptance (2022), Incentives for Electronic Payment Acceptance (2022), Regulatory Aspects of Intermediaries in Electronic Payment Acceptance (2022), Electronic Payment Acceptance Merchant Survey Instrument (2022), Assessing Incentives to Increase Digital Payment Acceptance and Usage (2022), EPA Incentives: Literature Review and Country Examples (2020), Innovation in Electronic Payment Adoption: The Case of Small Retailers (2016), How to Analyze the Costs and Benefits of Introducing a Central Counterparty(2022), General Principles for Credit Reporting (2011), Financial Infrastructure: Building Access Through Transparent and Stable Financial Systems (2009), The Evolution of Real-Time Gross Settlement: Access, Liquidity and Credit, and Pricing (2009), Measuring Payment System Development(2008), Fintech and the Future of Finance Overview Paper (2022), Global Patterns of Fintech Activity and Enabling Factors (2022), Global Market Survey: Digital Technology and the Future of Finance (2022), Fintech and Digital Transformation of Financial Services: Implications for Market Structure and Public Policy (2022), Regulation and Supervision of Fintech: Considerations for EMDE Policymakers (2022), Financial Consumer Protection and Fintech: An Overview of New Manifestations of Consumer Risks and Emerging Regulatory Approaches (2022), Innovation in Payments: Opportunities and Challenges for EMDEs (2022), Fintech and SME Finance: Expanding Responsible Access (2022), What Does Digital Money Mean for EMDEs? Countries should make concerted efforts to increase the supply of energy and fertilizer, help farmers increase plantings and crop yields, and remove policies that block exports and imports, divert food to biofuel, or encourage unnecessary storage.. These are helping to (i) expand infrastructure to build greater regional connectivity in the key areas of energy, digital and transport; (ii) promote trade and market integration; (iii) support human capital development, particularly in the areas of health, education and womens empowerment; and to (iv) reinforce resilience by helping to address climate-change related challenges and other cross-border risks and vulnerabilities caused by conflicts and insecurity. World Bank The CIWA assists riparian governments in Sub-Saharan Africa in cooperative water resources management and development. (2014), Project Greenback 2.0: Remittance Champion Cities Launched in Turin, Italy (2013), How Can We Cut the High Costs of Remittances to Africa? This site uses cookies to optimize functionality and give you the best possible experience. The World Bank offers loans, grants, and technical assistance to governments to support expanding or improving water infrastructure, improving management practices and ensuring community engagement. The COVID-19 pandemic has highlighted the importance of regional integration as a key element of Africas recovery efforts to better coordinate on regional disease surveillance and response plans, keep regional trade flows open, address fragility that could spill across borders, support private sector recovery, and much more. Afterdata irregularities on Doing Business 2018 and 2020 were reportedinternally in June 2020, World Bank managementpausedthe next Doing Business report andinitiateda series ofreviewsandauditsof the report and its methodology. The GWSP supports client governments to achieve the water-related SDGs through innovative global knowledge and country-level support. Supporting inclusive governanceand transforming economies. With the support of the World Bank, Vietnam mandated the establishment of a carbon market in January 2022. The work spans across the revenue collection and expenditure side, including large scale programs like tax collection, public sector salary payments, public procurement and other Government to Person (G2P) payments. How Can Financial Service Providers Move the Needle for Migrants and their Families? About the Collection. Data Catalog This would make Kwenda one of the largest cash transfer programs in Sub-Saharan Africa. The WBG has scaled up its financial support to the G5 Sahel countries through the International Development Association (IDA) to support conflict prevention, resilience, and emergency responses, with IDA financing estimated to reach $6.5 billion for fiscal years 21-22. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The program has also improved animal health thanks to the construction and rehabilitation of nearly 300 vaccination parks - where more than 200 million animals have been vaccinated - as well as the construction of nearly 70 veterinary units and training for more than 50 veterinarians. Overview World Bank As part of engagements with the standard setters, the team has been engaged in the development of significant update of the international standards for payment and settlement systems based on a comprehensive review of the standards post the 2008 financial crisis. The $75 million Madagascar Integrated Urban Development and Resilience project for Greater Antananarivo will benefit 65,000 low income neighborhoods and another 2 million indirectly through flood protection investments, citywide infrastructure improvements, and enhanced capacities to respond promptly to crises. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. If you continue to navigate this website beyond this page, cookies will be placed on your browser. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Empowering women and girlsto boost Sub-Saharan Africas human capital. Climate Change To address the rising risks of debt sustainability, some countries in the region implemented austerity measures; however, these actions have been insufficient to reduce debt levels. Amid the ongoing war and the escalating destruction of infrastructure, our commitment to deliver urgent assistance to the people of Ukraine is strong as ever, said World Bank Group President David Malpass. This site uses cookies to optimize functionality and give you the best possible experience. In addition to a set of 4,000 gestures for communication among deaf children and the deaf community, the project has also developed a series of 150 video lessons to cover math and other subjects for students in grades one through five. Although the direct trade and financial linkages with Russia and Ukraine are small, the war will likely impact Sub-Saharan African economies through higher commodity prices, higher food, fuel and headline inflation, tightening of global financial conditions, and reduced foreign financing flows into the region. Overview Harnessing technological developments to improve digital connectivity and access to clean and reliable energy. This site uses cookies to optimize functionality and give you the best possible experience. If you continue to navigate this website beyond this page, cookies will be placed on your browser. More operations are under preparation for FY22 for about $46 billion. The World Bank Group (WBG) leverages partnerships, knowledge, and financing instruments to further its twin goals of ending poverty and promoting shared prosperity. Through this NDP, which will mobilize CFAF 59,000 billion (about $100 billion), the government intends to accelerate the structural transformation of the economy and access by the population to such Singapore is a high-income economy with a gross national income of US$54,530 per capita, as of 2017. World Trends in Freedom of Expression and Media Development - Global Report 2021-2022 Media support; UNESCO-WHO audio resources; Audio resources to fight disinformation; World Bank. To learn more about cookies, click here. How Digital Remittances Can Help Drive Sustainable Development, Making Remittances Work for the Poor Three Lessons Learned from Three Greenback 2.0 Remittance Champion Cities in Southeast Europe, Initial Findings from the Implementation of the Practical Guide for Measuring Retail Payment Costs, De-Risking and Remittances: The Myth of the Underlying Transaction Debunked, Three Things to Know About Migrant Workers and Remittances in Malaysia, Solving Payments Interoperability for Universal Financial Access, Establishing Payments Interoperability: Coordination Is Key. Head, Gender and Economic Inclusion Group, International Finance Corporation. Altogether, this would amount to over $30 billion available for implementation to address food insecurity over the next 15 months. The World Bank will continue to support the Initiative with knowledge, analytics, and investments. (2012), Bill Payment: A Demand-Based Approach to Financial Inclusion (2012), COVID-19 RESPONSE Enable access to transaction accounts as a means to safely store value, and make and receive payments, thus helping to fulfill the World Bank Groups vision of. Our response efforts are focused around four main areas:saving lives, protecting poor people, protecting and creating jobs, and building back better. World Bank The World Bank Group works in every major area of development. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. World Bank Support for Country Access to COVID-19 Vaccines WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The Africa Region also leverages the combined strength of the entire World Bank Group by working closely with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) in energy, digital, agribusiness, water, transport, and other priority areas. Read More. World Bank The Bank also has strategic partnerships and collaboration with regional economic commissions, regional development banks and other regional bodies including SADC, IGAD, EAC, COMESA, ECOWAS, UEMOA, CEMAC, ECCAS, BEAC, BOAD, and Trade and Development Bank, the Southern, Eastern and West African Power Pools and River Basin Authorities. To learn more about cookies, click here. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. It provided emergency cash transfers for close to 15,000 households living in vulnerable communities in the Greater Monrovia area, which had recorded the highest number of COVID-19 cases in Liberia. The World Bank Group works in every major area of development. This advisory package consists of a risk assessment tool and a systematic and organized process, with the broad participation of public and private sector stakeholders. June 2021. Education: from school closure to recovery | UNESCO World Bank Support for Country Access to COVID-19 Vaccines WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Enabling efficient and inclusive delivery of services, such as judicial courts, waste management, water, electricity, ICTand safety nets, and building strong and accountable institutions and systems that are resilient to economic, social and environmental pressures are the foundations of the Banks work on governance and inclusion in Africa. Over the last decade we have supported over 120 countries on the topics of payments, remittances and market infrastructures, through advisory services and lending projects. Since the Africa Human Capital Plan launched in 2019of which women and girls empowerment is a central tenant the World Bank has approved over $11.5 billion in investments that champion women and girls. The World Bank, together with CPMI, is a standard-setter in the area of international remittances and co-chaired a task force that issued guidance on the Payment Aspects of Financial Inclusion. The World Bank is the leading implementation agency of international standards through formal assessment such as theFinancial Sector Assessment Program(FSAP) and technical assistance. North America Legal Chronicle. The World Bank Group works in every major area of development. Given the short-term potency of methane, cost-effective interventions to reduce methane emissions should be an immediate priority for the sectors with the largest emissions. The Women Entrepreneurship Development Project for Ethiopia aims to increase the earnings and employment of female-owned micro and small enterprises (MSEs). The World Bank Group is a founding member of the Sahel Alliance, along with France, Germany, the European Union (EU), African Development Bank (AFDB), and United Nations Development Programme (UNDP). Support financial stability by mitigating risks related to financial transactions and facilitating the smooth flow of payments and efficient functioning of financial markets. Nevertheless, some 260 million children are still out of primary and secondary school. Since the start of the pandemic, more than $5.7 billion new financing has been approved for social safety net programs across the continent, including inSomalia,Togo,Niger, and the Democratic Republic of Congo. Find out what the Bank Group's branches are doing in Africa. World Bank Support for Country Access to COVID-19 Vaccines. Fast Payments Benefit Senders and Receivers Alike Especially in a Crisis, Covid-19 Will Shape the Trajectory of Fintech Development in the Europe and Central Asia Region. Ethiopia (Approval: March 26, 2021) Central Bank Digital Currencies: A New Tool in the Financial Inclusion Toolkit? We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The World Bank also supports countries to address forced displacement and refugees. The need to respond to this challenge spurred the expansion and digitization of the governments ongoing cash transfer program. We are stepping up support for digital transformation in Africa in collaboration with the AUC, AFDB, UNECA, China, the French Development Agency (AFD), the UK Commonwealth & Development Office (FCDO), Japan International Coordination Agency (JICA), EU, European Investment Bank (EIB), Bill and Melinda Gates Foundation, the International Telecommunications Union, and Smart Africa. World Bank This generous additional grant from the United States comes at a critical time as the country faces severe energy supply disruption and colder weather. Building Back Better:While addressing the immediate impacts of the COVID-19 pandemic, the focus on recovery remains central to the Banks response and support to countries. The 2022 CPIA Report measures each countrys quality of policies and institutional frameworks, and ability to support sustainable growth and poverty reduction, covering the year from January to December 2021. For example, the Sahel Womens Empowerment and Demographic Dividend Project (SWEDD) works across the Sahel to improve the availability and affordability of reproductive health services, strengthen specialized training centers for rural-based midwives, improve nursing services, and pilot and share knowledge on adolescent girls initiatives, increasing their agency and productivity. The economy is set to expand by 3.6 percent in 2022, down from 4 percent in 2021, as it struggles to pick up momentum amid a slowdown in global economic activity, continued supply constraints, outbreaks of new coronavirus variants, high inflation, and rising financial risks due to high and increasingly vulnerable debt levels. The engagement with the SSBs also includes emerging developments like digital ID, open application program interfaces (APIs), and distributed ledger technologies. WASHINGTON, September 16, 2021The World Bank Group today issued the following statement onthe Doing Business report: Trust in the research of the World Bank Group is vital. In other provinces, the mCPR is even lower as low as 23% in KPK and 14% in Balochistan. (2020), In Ethiopia, Prototyping a Mobile App to Support Women Entrepreneurs Facing the Pandemic (2020), Four Years and Counting: What We Have Learned Regulatory Sandboxes (2020), How a Pandemic-Induced Boom in E-Commerce Can Reshape Financial Services (2020), Remittances in Times of the Coronavirus - Keep Them Flowing (2020), How Can Financial Service Providers Move the Needle for Migrants and their Families? The World Bank'sAfrica Human Capital plansets ambitious targets to boost Sub-Saharan Africas human capitalthe knowledge, health and resilience of its people. World Bank Water availability and management impacts whether poor girls are educated, whether cities are healthy places to live, and whether growing industries or poor villages can withstand the impacts of floods or droughts. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The World Bank Group is the largest single investor in water projects globally. To learn more about cookies, click here. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. (2020), Fast Payments Benefit Senders and Receivers Alike Especially in a Crisis (2020), Covid-19 Will Shape the Trajectory of Fintech Development in the Europe and Central Asia Region (2020), Fintech Can Help in the Response to Covid-19. The looming threat of stagnation worldwide amid a landscape of multiple new and covariate shocks emphasizes the need for African policymakers to implement policies that accelerate structural transformation through productivity-enhancing growth and creating more and better jobs. To support the global remittances agenda whose core is the implementation of the WBG-CPMI Principles for International Remittance Services (Global Principles), the WBG: (i) steers the global debate through the Global Remittances Working Group; (ii) monitors the cost of international remittance services through theRemittance Prices Worldwide(RPW) database and disseminates knowledge; (iii) promotes innovative approaches to implementing the GPs and to undertaking remittances reforms, including throughProject Greenback 2.0, which promotes change inspired by the real needs of the ultimate beneficiaries of international money transfers, the migrants and their families at home; (iv) undertakes regional demand and supply-side surveys of migrants and remittance service providers, respectively; and, (v) undertakes assessments of the remittance markets against the Global Principles. More Efficient Ways to Transfer Remittances Are Emerging. The World Bank Group (WBG) has a long record of engagement on methane reduction across the key areas of agriculture, energy, and sanitation and waste. The World Bank Group takes as its starting point that no country, community, or economy can achieve its potential or meet the challenges of the 21st century without the full and equal participation of women and men, girls and boys. An emerging middle-income country, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate to more than half since 1999, to 9.8% in 2018. Total World Bank-Mobilized Support Now Stands at $17.8 Billion. Research and analysis: Knowledge is essential for governments to make better policies and institutions to make aid more effective. November 22, 2022. World Bank Support for Country Access to COVID-19 Vaccines WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. This financing will include efforts to encourage food and fertilizer production, enhance food systems, facilitate greater trade, and support vulnerable households and producers. Water is at the center of economic and social development; it is vital to maintain health, grow food, generate energy, manage the environment, and create jobs. Promote efficiency in the economy by facilitating the smooth flow of payments underpinning economic activity and promote financial sector development through fostering consumers confidence in the use of money and payment services. WHO WE ARE. WePOWER is a professional network in South Asia that supports women's participation in energy projects and institutions and promotes change regarding women in Science, Technology, Engineering, and Mathematics (STEM) Women-owned start-up Dot & Line is boosting childhood learning outcomes in Pakistan. It presents a unique opportunity to support the governments vision. To support these ambitions, the World Bank is investing over $34.2 billion across 228 human development projects in the region, and nearly $1.2 billion in new investments are in the pipeline for FY22 (as of April 4, 2022). The Documents & Reports (D&R) site is an official disclosure mechanism for the World Bank Groups final reports. We help developing countries find solutions to the toughest global and local development challengesfrom adapting to climate change to boosting food security to increasing access to energy. With the worlds largest free trade area and a 1.2 billion-person market, the continent is creating an entirely new development path, harnessing the potential of its resources and people. See a full list of World Bank mobilized financing. English; French; When schools shut: gendered impacts of COVID-19 school closures. Africa also has 13 small states, characterized by a small population, limited human capital, and a confined land area. Food price increases are having devastating effects on the poorest and most vulnerable, said World Bank Group President David Malpass. The World Bank Group works in every major area of development. As part of the global response since the start of the COVID-19 crisis, the World Bank Group has committed over $157 billion to address the impacts of the pandemic, which includes more than $39 billion for African countries to help them strengthen health systems and services, establish and expand social safety nets, and weather the economic impacts of the crisis. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Underpin critical reforms in fragile and conflict-affected states helping to kick-start economic activity and implementation of social protection programs for the vulnerable and help deliver cash transfers in the aftermath of natural disasters to facilitate relief efforts. The UFGE celebrates its 10 year anniversary with a retrospective of its achievements, innovations and impact since 2012. Increasingly new forms of financial infrastructure like Digital ID infrastructures for financial sector, KYC registries, Bill payment infrastructures, Receivables and e-invoicing platforms are getting closely linked to payment and market infrastructures. The Gender Data Portal is the World Bank Groups comprehensive source for the latest sex-disaggregated data and gender statistics covering demography, education, health, access to economic opportunities, public life and decision-making, and agency. The World Bank team played a critical role in facilitating the timely and efficient process of cash transfers in emergency and crisis situations in a number of countries, most recently during the Ebola crisis in West Africa. This site uses cookies to optimize functionality and give you the best possible experience. It supports initiatives in favor ofclimate change adaptationandmitigation and is deploying effortsto address the drivers of fragility, conflict, and violence (FCV). Supporting local economic development. Our most recent regional studies can be foundhere, and analytical work by country is published on each countrys website. UNESCO. Learn More. Economic growth in Sub-Saharan Africa (SSA) is set to decelerate from 4.1% in 2021 to 3.3% in 2022. World Bank Support for Country Access to COVID-19 Vaccines. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Bill Payment: A Demand-Based Approach to Financial Inclusion, Innovations by Domestic Payment Systems in the Pandemic, Resilience in the Market for International Remittances During the Covid-19 Crisis, The Impact of COVID-19 on the Market for International Remittances in the Short and Medium Term, Compendium of Responses for the Provision of Payment Services During the Covid-19 Crisis, Payment and Settlement Systems During Covid-19. Access more than 200,000 publicly-available documents and reports. Global data and statistics, research and publications, and topics in poverty and development, GHG emissions by continent 1900-2019 GHG emissions by continent 1900-2019, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects, Remarks by David Malpass on Climate Finance, Blue Economy for Resilient Africa Program, Blue Economy for a Resilient Africa Program, Video: Blue Economy for Resilient Africa Program, COP27 Event Replay: Blue Economy for Resilient Africa Program, How Vietnam Opened New Doors for Deaf Children, Quality Improvement of Primary Education for Deaf Children Project (QIPEDC), Intergenerational Deaf Education Project (IDEO), World Bank Mobilizes Additional $4.5 billion for Ongoing Assistance to Ukraine (Nov. 22), World Bank Disburses Additional $500 Million, the Latest Tranche of $11.4 Billion Provided to Ukraine (Oct.24), NEW: Global Food & Nutrition Security Dashboard, BLOG: Towards an informed, transparent, and accountable response for global food and nutrition security, World Bank Group Climate Change Action Plan 20212025, BLOG - Mari Pangestu: The Human Face of Climate Change, BLOG - Axel Van Trotsenburg: Where is the money? International Remittances Cost Reduction and Monitoring. $30 billion available for implementation to address food insecurity over next 15 months. WHO WE ARE. In addition, because the internal reports raised ethical matters, including the conduct of former Board officials as well as current and/or former Bank staff, management reported the allegations to the Banks appropriate internal accountability mechanisms. 5X5=US$16 Billion in the Pockets of Migrants Sending Money Home. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Why Are Payment Services Essential For Financial Inclusion? The World Bank also has ongoing dialogue with regulators across the World to identify and shape the regulatory and policy priorities with respect to payments and market infrastructures. World Bank Support for Country Access to COVID-19 Vaccines WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Paying Across Borders Can Distributed Ledgers Bring Us Closer Together? (2019), Paying Across Borders Can Distributed Ledgers Bring Us Closer Together? Economic activity in Sub-Saharan Africa is projected to grow at 3.9 percent and 4.2 percent in 2023 and 2024, respectively. Menstrual Hygiene Management World Bank Launches Survey to Assess the Impact of De-Risking on Remittances, Getting SmaRT about Reducing Remittances Costs. $30 billion available for implementation to address food insecurity over next 15 months. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Global data and statistics, research and publications, and topics in poverty and development, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects, Water Supply and Sanitation Policies, Institutions, and Regulation, Wastewater Treatment and Reuse: A Guide to Help Small Towns Select Appropriate Options, Seeing the Invisible: A Strategic Report on Groundwater Quality, Global Water Security & Sanitation Partnership (GWSP), Cooperation in International Waters in Africa (CIWA), Central Asia Energy-Water Development Program. The Russian invasion of Ukraine compounds to the already mentioned factors holding back growth in Sub-Saharan Africa. Will Smart Contracts Usher in a New Wave of Financial Inclusion? Overview Bangladesh Learn more about this work. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Access the World Bank's portfolio of more than 12,000 development projects, including current and historical data since 1947. After reviewing all the information available to date on Doing Business, including thefindings ofpastreviews, audits,and the report the Bank released today on behalf of the Board of Executive Directors, World Bank Groupmanagementhas taken the decision todiscontinue theDoing Business report. The World Bank Group works in every major area of development. The World Bank Group is committed to scale up its partnership and support to strengthen regional cooperation and integration in Africa towards the Agenda 2063 and its flagship projects such as the implementation of the African Continental Free Trade Area agreement, digital and energy integration, and trade facilitation. The government of Cte dIvoire has begun the implementation of its new National Development Plan (NDP 2021-2025). Global Legal Chronicle Global Legal Chronicle Secure, affordable & accessible payment systems and services promote development, support financial stability, and help expand financial inclusion. The World Banks risk assessment support The World Bank has developed an advisory package to guide countries in conducting their ML/TF risk assessment. The Open Data site is designed to make World Bank data easy to find, download, and use. The Partnership for Market Readiness (PMR) Program helped lay the legal foundation and build capacity for using this market-based instrument between 2016 and 2021. If you continue to navigate this website beyond this page, cookies will be placed on your browser. We-Fi helps women in developing countries gain access to finance, markets and networks necessary to start and grow a business. Many central banks in the region have chosen the second policy option so far and embarked on a tightening cycle, but others have maintained a more dovish stance. World Bank Support Energy access remains a challenge in Africa where one in three people are still without access to electricity. The World Bank has been working closely with the African Union (AU) Vaccine Acquisition Trust (AVAT) and the United Nations Children Fund (UNICEF) since January 2021 to reach the AUs ambitious goal of vaccinating at least 70% of the African population against COVID-19 as quickly as possible through a continental approach. In addition, the childcare workforce needs to expand by32 millionglobally to address the childcare gap. Central Bank Digital Currency: A Payments Perspective, Central Bank Digital Currency: Technical Background Technical Note, Central Bank Digital Currencies for Cross-Border Payments, Legal Framework for Cybersecurity in the Financial Sector: A Comparative Study on Existing Domestic or Regional Legislation on Cybersecurity, Cyber Threats to the Financial Sector in Africa: An Assessment of the Current Threat and an Analysis of Emerging Trends on the Future Threat Landscape, Cyber Resilience for Financial Market Infrastructures, Digital ID to Enhance Financial Inclusion: A Toolkit for Regulatory Authorities, Digital ID Assessment Instrument: Financial Sector Module, Guidance for the Implementation of Electronic Payment Acceptance Reforms, Electronic Payment Acceptance Assessment Guide, Innovations in Electronic Payment Acceptance, Incentives for Electronic Payment Acceptance, Regulatory Aspects of Intermediaries in Electronic Payment Acceptance, Electronic Payment Acceptance Merchant Survey Instrument, Assessing Incentives to Increase Digital Payment Acceptance and Usage, EPA Incentives: Literature Review and Country Examples, Innovation in Electronic Payment Adoption: The Case of Small Retailers, How to Analyze the Costs and Benefits of Introducing a Central Counterparty, Financial Infrastructure: Building Access Through Transparent and Stable Financial Systems, The Evolution of Real-Time Gross Settlement: Access, Liquidity and Credit, and Pricing, Global Patterns of Fintech Activity and Enabling Factors, Global Market Survey: Digital Technology and the Future of Finance, Fintech and Digital Transformation of Financial Services: Implications for Market Structure and Public Policy, Regulation and Supervision of Fintech: Considerations for EMDE Policymakers, Financial Consumer Protection and Fintech: An Overview of New Manifestations of Consumer Risks and Emerging Regulatory Approaches, Innovation in Payments: Opportunities and Challenges for EMDEs, Fintech and SME Finance: Expanding Responsible Access, Open Banking Comparative Study on Regulatory Approaches, General Guidelines for the Development of Government Payment Programs, Universal Financial Access 2020: Lessons for the Future, Payment Aspects of Financial Inclusion in the FinTech Era, Payment Aspects of Financial Inclusion: Application Tools, The Oversight of the Payment Systems: A Framework for the Development and Governance of Payment Systems in Emerging Economies, Guidelines for the Successful Regional Integration of Financial Infrastructures, The journey so far: making cross-border remittances work for financial inclusion, Greenback Morocco: Rapport des rsultats des groupes de discussions sur les transferts de fonds, Migrant Workers' Remittances from Malaysia, Baseline Survey on Remittance Beneficiaries' Financial Behaviors in East Europe and Central Asia, The Role of Transnational Family Distribution in Shaping Remittance Flows, Remittances and the Economic Crisis: Evidence from Greenback Survey in Italy, Guidance Report for the Implementation of the General Principles for International Remittances, Remittance Price Comparison Databases: Minimum Requirements and Overall Policy Strategy, General Principles for International Remittance Services, Governance of Retail Payment Systems: Keeping Pace with Changing Markets, Developing Digital Payment Services in the Middle East and North Africa, Developing a Comprehensive National Retail Payments Strategy, A Practical Guide to Retail Payments Stocktaking, Balancing Cooperation and Competition in Retail Payment Systems, Retail Payment Costs and Savings in Kosovo, The Retail Payment Costs and Savings in Albania, A Practical Guide for Measuring Retail Payment Costs, The long and winding road: Remittances and financial inclusion, Ebb and Flow: Remittances in a Year of Pandemic, Fast Payment Systems: A Toolkit Helps Countries and Regions Navigate Implementation, How Digital Financial Services Can Provide a Path Toward Economic Recovery in Algeria. 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