World Bank Group Responds to Overlapping Crises with Nearly $115 Billion in Financing in Fiscal Year 2022

In its just-completed fiscal year 2022 (FY22), the World Bank Group responded with unprecedented scale to overlapping global crises, providing advice and financing in response to the sharpest economic slowdown in eight decades, rising inflation, deepening food insecurity, war and fragility, and the continued negative impact of the COVID-19 pandemic. Amid these devastating crises, the World Bank Group deployed a record $114.9 billion in FY22 (July 1, 2021-June 30, 2022). Commitments during FY22 were informed by our knowledge work and helped countries address rising food prices, manage refugee flows, bolster…

Read More

World Bank Group and CTA Announce Winners of Global Women’s HealthTech Awards

The World Bank Group and the Consumer Technology Association (CTA) announced the winners of The Global Women’s HealthTech Awards, recognizing innovative startups that leverage tech to improve women’s health and safety in emerging markets. The winning startups selected by a panel of industry experts are Antiva Biosciences, InnAccel, NIRAMAI, and UE LifeSciences. The Awards attracted over 70 companies from 35 countries, which submitted their innovative products and services under three categories: reproductive health and pregnancy, general women’s and adolescent health, and women safety and security. “These startups are using technology to…

Read More

World Bank Group to Help Attract Investments and Empower Women Entrepreneurs in Armenia

The World Bank Group, in partnership with the United Kingdom’s Good Governance Fund, is launching a new advisory program in Armenia to help the government implement reforms, attract foreign direct investment (FDI), and foster female entrepreneurship to spur business growth and job creation. Since 2008, attracting FDI to Armenia has been challenging due to the global economic crisis, the recession in Russia—the country’s main trading partner—and regulatory and institutional issues. Armenia also faces disparities between women and men in entrepreneurship, reducing economic output to an equivalent of 14 percent of…

Read More

Timberland Partners with United Nations Convention to Combat Desertification and World Bank Group’s Connect4Climate in support of the Great Green Wall

Global outdoor lifestyle brand Timberland announces a partnership with the United Nations Convention to Combat Desertification (UNCCD) and World Bank Group’s Connect4Climate to support the Great Green Wall as a nature-based solution to fight the global climate crisis. The Great Green Wall is an African-led movement to grow an 8,000km line of trees across the entire width of Africa to fight climate change, drought, famine, conflict, and migration. It represents a marquis project in Timberland’s pledge to plant 50 million trees worldwide by 2024, announced earlier this month.  Timberland’s longstanding…

Read More

SDGs and Her Initiative announces the winners of 2019 global competition

The global SDGs and Her Competition announced the winners of the 2019 global competition. The contest– co-sponsored by the World Bank Group, UNDP, UN Women, and the Wharton School’s Zicklin Center– showcases women micro-entrepreneurs who are helping to achieve the Sustainable Development Goals (SDGs) through their business operations. The winning entries are Taxshe, owned by Vandana Suri from India, and Green Business Innovation, owned by Saida Yusupova from Uzbekistan.   TaxShe is an exclusive, all-women, driver-on-demand service that provides transportation services to school children and women workers, making day-time and late-night travel safe. Based in Bangalore, TaxShe selects drivers from marginalized…

Read More