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April 18, 2018
Creating Markets for Climate Business: Mobilizing Private Sector Solutions
The International Finance Corporation (IFC), a global leader in green financing, took on the urgent issue of climate change at a forum it hosted Wednesday at the Spring Meetings in Washington DC. Panelists from both the public and private sector, financial institutions and philanthropic organizations discussed solutions to mobilizing capital for green projects in emerging markets. In his opening remarks, IFC CEO Philippe Le Houérou noted that IFC pioneered the use of green bonds as a financing mechanism in 2007 and today the market is now at $250 billion, clear evidence of the bonds’ popularity among multilateral development banks, governments, and corporates. Weighing in on climate-smart solutions, panelists noted that IFC’s work with governments in areas such as blended finance helps derisk green investments, thereby crowding in otherwise averse private capital. Green bonds also provide an opportunity for investors to support complicated projects such as infrastructure. The overall climate-smart business is now already more than $1 trillion. In addition to the 189 ...
Type: Event
April 18, 2018
Frontiers in Anticorruption: Strengthening Prevention, Tackling Impunity, and Changing Perceptions
We have to fight corruption by making sure it doesn’t happen in the first place and use technology to give every citizen a voice in this effort, said World Bank CEO Kristalina Georgieva in her opening remarks at a high-level event on Wednesday where leaders from government, the private sector, civil society, media, and academia discussed how to catalyze innovation to end corruption. During a lively discussion, Thuli Madonsela, an Advocate of the High Court of South Africa, emphasized that public officials must have a track record of the highest standard and integrity. Peter Solmssen, Former General Counsel of Siemens AG, and AIG encouraged building trust that can lead to embracing the private sector as a potential partner. Over the last two decades we have learned that to be effective you can’t confront corruption the same way in countries at different points on the economic ladder, said Alina Mungiu-Pippidi, an author of a book on the topic. Journalists ...
Type: Event
April 18, 2018
Roundtable on State Fragility and Development

A lively and, at times, heated discussion centered around what is arguably the greatest challenge facing development today – state fragility. Previously considered to be a phenomenon of low-income countries, fragility now afflicts middle- and even high-income countries, such as those in the Middle East. Moderated by author and journalist Gayle Tzemach Lemmon, the roundtable discussion featured three major global actors on state fragility: the Commission on State Fragility, Growth and Development, represented by Donald Kaberuka and Sir Paul Collier; the IMF’s Tao Zhang; and the WBG’s Kristalina Georgieva. “Be there, stay there” was a key takeaway from the panel, which highlighted Rwanda as a success story to learn from but acknowledged the global development community’s many failed efforts to lift states out of fragility. So which strategies will work? Everyone agreed they don’t revolve solely around money. Rather, they should focus on local people, economic growth, and job creation. Locals must have ownership of the rebuilding ...

Type: Event
April 10, 2018
Rich and Poor: Opportunities and Challenges in an Age of Disruption
Dr. Jim Yong Kim, President of the World Bank Group, will speak at American University Washington College of Law about efforts to solve the most pressing global challenges, and how innovation and technology are helping redefine the relationship between rich and poor countries in an era of rapid and transformational change.
Type: Event
March 29, 2018
Women, Business and the Law 2018 Report Launch
Find out in how many countries women are barred from certain jobs simply because they are women, where there are no laws on sexual harassment in employment, and where husbands can get their wives fired from work. Women, Business and the Law 2018 is the fifth in a series of biennial reports measuring gender discrimination in legal treatment, and examining its economic consequences. This session will discuss the main findings from the Women, Business and the Law 2018 report.  
Type: Event
March 21, 2018
The Human Factor: Investing in People Today to Address the Challenges of Tomorrow
Investing in people is not an option, it’s a must. People have become the most important factor in the wealth of nations. Knowledge, skills, and know-how—collectively known as human capital—are today an enormous share of global wealth, bigger than natural resources, factories, or industry. The world is at a crossroads: advances in technology will require countries to invest more and more wisely in education and health if they want to remain competitive in the economy of the future. Latin America is no exception: 60% of the region’s wealth lies in its human capital, according to a World Bank analysis. On March 21, the president of the World Bank Group, Jim Yong Kim, will address these issues during his first visit to Uruguay, a country known for innovation in many fields of development. Among other influencers, Kim will  speak with Diego Lugano, former captain of the Uruguayan soccer team and a role model for thousands of young people. Join ...
Type: Event
March 19, 2018
Cities, Land Use, and Property Rights

For the first time in history we are seeing the emergence of vast cities in places that are both poor and, sadly, often also poorly governed. These megacities offer both tremendous possibilities of economic prosperity, growth, and development, but also enormous challenges including the spread of contagious disease, traffic congestion, and violent crime. Getting these cities right may be the most important challenge of the 21st century. The city’s land is the starting point—and the critical thing for land is creating a system of formal titles. If you are ever going to fund a city, you need property ownership to get property taxes. If you are going to have regulations that require people to use sanitary facilities, you need to have ownership as well. And if you’re going to empower ordinary citizens to change their city, they need to have a sense of owning it. Formal title is critical to housing and infrastructure, firm growth and employment, ...

Type: Event
March 8, 2018
3rd Annual Gender CEO Award Women Leading Finance

For the third year in a row, MIGA will be presenting its Gender CEO Award to honor senior managers (CEOs or equivalent) who have a proven track record of seeking to further the causes of women’s advancement and gender equality while contributing to the World Bank Group’s twin goals of poverty reduction and shared prosperity. This year, MIGA is proud to honor Julie Monaco, the Global Head of the Public Sector at Citigroup. Ms. Monaco has decades of experience in the finance sector, and has been instrumental in her current role in shaping Citi’s investments in development projects across the globe – helping improve the lives of millions.    

Type: Event
March 9, 2018
A Conversation: Refugee (in) Crisis – Fleeting or a Fixed State of Being

Over 65 million people are currently forcibly displaced worldwide.  22 million are officially recognized refugees outside of their home country. New drivers of displacement such as climate change mean this record number is likely to grow. And yet, as the refugee crises of 2015 showed, the current international system is ill-equipped to deal with the challenge. People seeking protection beyond their own borders, are increasingly stuck in protracted or situations while seeking increasingly dangerous routes. Anti-migrant sentiments in many societies are rising. Changes are needed on the international level to resolve this growing crisis. What role will resettlement, external processing, or special economic zones play? And how can the private sector and civil society be engaged in new and more productive ways? What can be done in conflict countries to prevent further mass migration?

Type: Event
March 6, 2018
Accountability in Education: The Role of Citizens in Accelerating Learning for All

The last 50 years have seen a great expansion of schooling in many developing countries, but education outcomes are lagging behind. As countries have committed to ensuring inclusive and quality education for all and promote lifelong learning (Sustainable Development Goal 4), the World Development Report 2018 (WDR 2018) – LEARNING to Realize Education’s Promise – warns that there is a “learning crisis”. Please join the World Bank’s Global Partnership for Social Accountability’s (GPSA) together with the World Bank’s Global Practice on Governance, Global Practice on Education, Basic Education Coalition and members of the GPSA’s Steering Committee for a Round Table discussion about the contribution that collaborative social accountability can make in the education sector in general and specifically towards addressing the learning crisis. The GPSA works with over 50 governments and more than 260 civil society and private sector partners towards solving governance challenges around the world. The GPSA portfolio has a set of projects where promising examples of civil society, governments and ...

Type: Event

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