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April 19, 2018
Thirty Years of MIGA

This year’s annual World Bank Spring Meetings’ was a special one for MIGA, as the World Bank Group’s youngest member celebrated 30 years of offering political risk insurance to investors and maximizing finance for development. At the #MIGA30 event marking this milestone, individuals from the World Bank and MIGA, the private sector, and government, spoke to MIGA’s various accomplishments, as well as the numerous opportunities that lie ahead.  MIGA has helped guarantee projects in a wide variety of industry sectors – from agribusiness and tourism, to telecommunications and transportation. As the various speakers mentioned, MIGA has a lot to be proud of. This includes doubling its exposure to $20 billion over the past five years, and helping guarantee the establishment of the BenBan Solar Park in Egypt – which will be the world’s largest solar installation once construction is complete. And while the speakers each had their own unique perspective on working with MIGA, they all agreed that MIGA’s ...

Type: Event
April 19, 2018
Building a Climate-Resilient South Asia

Eight hundred million South Asians– or half the region’s population—are at risk to see their standards of living and incomes decline as rising temperatures and more erratic rainfalls will cut down crop yields, make water more scare, and push more people away from their homes to seek safer places. This worst-case scenario and relevant adaptation strategies to climate change underpin the upcoming report South Asia’s Hotspots, whose main findings were presented yesterday at a panel on building climate change resilience in South Asia at the World Bank Spring Meetings. Its main author, World Bank Lead Economist Muthukumara Mani detailed how specific geographic areas across South Asia or “hotspots” which –until now—were relatively immune to climate change threats could be badly affected by 2050. To build resilience, the report recommends that South Asian countries better prioritize their financial resources where they’re most needed and target the most vulnerable individuals and families.  Following the presentation, government, civil society, ...

Type: Event
April 20, 2018
The Security-Development Nexus
As the lights dimmed in the Preston Auditorium for the start of the Security Development Nexus event, musicians rather than panelists took the stage. An impromptu musical performance followed, featuring songs of dislocation and loss by Syrian and Guinean singers. ‘Three Songs for the Uprooted,’ as the performance was called, with its evocation of the impacts of fragility set the tone for an event focused on deepening understanding of the critical relationship between security and development for restoring peace and consolidating stability. One theme that ran through the discussion was the need to overcome the traditional separation among different actors. In describing the context, World Bank President Jim Yong Kim talked about how the forced displacement crisis had led to a revaluation of how humanitarian and development actors interacted. Dr. Kim acknowledged United Nations Secretary-General António Guterres as the first to call for closer cooperation to address the complex needs of refugees. With their status often lasting into decades, ...
Type: Event
April 19, 2018
The SDGs and Big Data

Big data is drastically improving our ability to understand the world around us. This event will showcase how big data and new technologies allow cities and local communities to seize new opportunities for jobs and manufacturing; deliver effective and inclusive transport and energy services; prepare for disasters; and target assistance to those who need it most. Join us to discuss how the public and private sectors can partner to unlock big data’s potential.

Type: Event
April 19, 2018
Market Forces at Work: Institutional Investors and a Sustainable World
This high-level panel discussion will focus on how innovative partnerships between the World Bank Group, investors, and governments can lead to win-win financial solutions that help countries meet 21st century aspirations and support sustainable and inclusive growth, while offering investors sound returns. Building on the World Bank Group’s engagement with institutional investors, speakers will discuss ways to incorporate sustainability considerations into investment and business decisions in financially viable ways. Panelists will be asked to reflect on trends, opportunities, and challenges for unlocking private capital flows to support critical development projects across and beyond G20 markets, and to achieve positive development impact. The event will build momentum toward the G20 Investor Forum in Buenos Aires in November 2018. Related Links:UBS's White Paper on the UN Sustainable Development GoalsUBS & Society: Making sustainable performance the standard across our firm
Type: Event
April 19, 2018
Empowering Women for Peace
Empowering Women for Peace was the title of an event on Thursday led by World Bank CEO Kristalina Georgieva. The event featured government leaders from around the world, as well as women entrepreneurs living and working in fragile settings, who have overcome immense obstacles to launch and maintain their businesses. Among the panelists: Mayor of Baghdad Thikra Alwash, Deputy Minister of International Development Diane Jacovella; Egyptian Minister of Investment and Cooperation Sahar Nasr; Patricia Veringa-Gieskes, CEO of The Job Factory DRC; SheFighter Self-Defense Training founder and entrepreneur Lina Khalifeh of Jordan; and Sigrid Kaag, The Netherlands’ Minister for Foreign Trade and Development Cooperation. The panel was moderated by Financial Times Deputy Editor Roula Khalaf. Egypt’s Nasr relayed how her government is working to empower women. 2018 is “The Year of the Woman” in Egypt and, for the first time the country has six women ministers in government. Nasr noted that this has enabled the country to better include women’s ...
Type: Event
April 19, 2018
Protecting Latin America and the Caribbean’s Future Against Climate Risks

Risk management is fundamental for Latin America and the Caribbean. Incidents of natural disasters have tripled since 1970 and with climate change, their intensity and the frequency are going to increase. But natural disasters are not the only risk these countries face. Economic shocks and abrupt swings in commodity prices can also have a devastating effect in the population, especially on the most vulnerable. In Thursday’s conversation on Protecting Latin America and the Caribbean’s Future Against Risks, Jorge Familiar, World Bank Vice President for Latin America and the Caribbean was joined by a panel of leading financial experts and policymakers including Jane Fraser, CEO of Citigroup Latin America; Paraguay Minister of Finance Lea Giménez; Chief Executive of the State Development Bank of Brazil BNDES, Dyogo Henrique de Oliveira; President of Mexico’s National Banking and Securities Commission CNBV, Bernardo Gonzalez; and the Governor of the Eastern Caribbean Central Bank, Timothy Antoine. During the discussion, panelists agreed that the ...

Type: Event
April 19, 2018
Digital Economy for Africa

World Bank Group President Jim Yong Kim led a fire-side conversation with LinkedIn Chief Executive Officer Jeff Weiner and investor and philanthropist Tony Elumelu, Founder of Tony Elumelu Foundation, as part of the Digital Economy for Africa event, during the Spring Meetings.    During the discussion, Weiner stressed the role of technology in developing countries, and shared how LinkedIn’s emphasis on data is getting influencers ahead of the trends in the 3 billion people global work force. He also added how the platform seeks to have a digital representation of every job, with over 20 million jobs already covered. Sharing his perspective on barriers for African entrepreneurs in digital technology, Elumelu revealed that Africa’s young population, 60% of which are under the age of 30, have to be the key resource for entrepreneurship. Elumelu highlighted infrastructure, government policies and regulation, intellectual property and the need for incentives for investors as the key areas to address. Weiner noted the World Bank Group’s partnership ...

Type: Event
April 20, 2018
Debt and Growth: A Balancing Act?

In front of a packed house in James D. Wolfensohn Atrium, Liliana Rojas-Suarez, senior fellow at the Center for Global Development, led an expert panel in a discussion of the trade-offs between debt and growth facing developing countries. Across the board, the panelists agreed that when done strategically, borrowing is not a problem per se. Matthew Rycroft of DFID explained that although we should be concerned about overly rapid increases in debt amounts, in many cases, debt is a pre-requisite to growth. The real concern, explained Minister Cardenas of Colombia, is when countries borrow and fail to grow. Panelists also reached consensus around the ways external shocks, including refugee crises, can cause public debt levels to rise. For Minister Imad Fakhoury of Jordan, having a foundation of fiscal stability and a five-year growth plan focused on employment has been crucial to enabling the country to welcome refugees. For Colombia, which sees thousands of people cross its borders each day, Minister ...

Type: Event
April 18, 2018
Securing the Foundation for Human Capital: A Global Priority #InvestInPeople
The World Bank’s Human Development Practice Group hosted this open event highlighting why investment in people—starting from the early years through to adolescence—must be secured as the foundation for building human capital across the world. Journalist Femi Oke moderated a panel headlined by Adolfo Rubinstein, Argentina’s Minister of Health; Mabel van Oranje, Founder and Chair of Girls Not Brides; Julia Gillard, former Prime Minister of Australia and Chair of the Board of Directors for the Global Partnership for Education; Michelle Bachelet, Former President of Chile and incoming chair of PMNCH; Henrietta Fore, UNICEF Executive Director; and Kristalina Georgieva, World Bank Chief Executive Officer. Panelists showed their passion and commitment to achieving the Sustainable Development Goals by putting people first. Each made an urgent call to action from a different perspective, including: ensuring that a child’s is well nourished during her first 1000 days; receives proper care; is protected from violence and conflict; marries late so that ...
Type: Event

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