Access facts, statistics, project information, development research from experts and latest news about Gender. Between 2000 and 2017, primary net enrollment increased by 50%, from 52 to 78%. In terms of learning and achievement, the primary completion rate is only about 67 %, and an estimated 86% of 10-year-olds in DRC are in learning poverty, meaning they cannot read and understand simple text. The CPF is aligned with the priorities of Indonesias medium-term development plan, the RPJMN. Having maintained political stability, Indonesia is one of East Asia Pacifics most vibrant democracies, emerging as a confident middle-income country. Unlike other African countries, the prevalence of stunting in the DRC has not decreased over the past 20 years. Close to 23 million children missed out on routine vaccinations in 2020 due to the COVID-19 pandemic, the highest number in more than a decade, according to recent WHO/UNICEF data. However, DRCs economy remains vulnerable to commodity price swings and growth performance of major trading partners which might be disturbed by geopolitical conflicts and a COVID-19 pandemic resurgence. The next general elections will be held in 2024. World Water Development Report 2021. It is working closely with the United Nations, the United Nations Population Fund (UNFPA), the United Nations Childrens Fund (UNICEF), the World Health Organization (WHO), the United States Agency for International Development (USAID), the Agence franaise de dveloppement (AFD), the United Kingdom Foreign, Commonwealth and Development Office (FCDO), the German Agency for International Development (GIZ/KFW), and the Belgian Cooperation Agency. The World Bank Group works in every major area of development. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The World Banks preliminary forecast is that extreme poverty has declined to 8.6 percent in 2018. South Africas political transition is known as one of the most remarkable political feats of the past century. Take a look at what results the World Bank projects have achieved in Indonesia. This site uses cookies to optimize functionality and give you the best possible experience. The World Bank is following a people-centric approach that focuses on delivery of basic services, food security, and addressing the needs of vulnerable populations, while retaining a long-term development focus. Browse the World Bank project locations and datasets to gain insights across areas of interest including regions, countries, custom areas and more. Sub-Saharan Africa, home to more than 1 billion people, half of whom will be under 25 years old by 2050, is a diverse continent offering human and natural resources that have the potential to yield inclusive growth and wipe out poverty in the region, enabling Africans across the continent to live healthier and more prosperous lives. A Kananga Emergency Urban Resilience Project is under preparation. The World Bank Group works in every major area of development. In February 2022, the World Bank Board of Executive Directors endorsed a new Democratic Republic of Congo - Country Partnership Framework (CPF) for the period of 2022-2026.The CPF promotes the stabilization and development of DRC, supporting strategic priorities and critical reforms to improve governance and deepen stabilization TheongoingregionalGreat Lakes Trade Facilitation Projecthas improved border infrastructure and operating environment for small-scale traders at four locations in North and South Kivu, and supported associations for small-scale traders to continue to trade across borders during the COVID-19 pandemic. They have a strong track record in moving funds quickly and flexibly in response to natural disasters such as typhoons or earthquakes, as well as to other crises such as the COVID-19 pandemic. Rigorous impact evaluation of NET, led by the Africa Gender Innovation Lab, found significant mental health improvements from the intervention, including reductions in post-traumatic stress disorder (PTSD), anxiety, and depression, as well as significant increases in self-esteem and local functioning. To learn more about cookies, click here. DRCs health care delivery has been greatly affected by the continued long-standing complex humanitarian crises in the world, exacerbated by recurrent disease outbreaks such as COVID-19, cholera, measles, and Ebola. The World Banks activities include support for the governments National Mangrove Program and the design and implementation of carbon pricing instruments as they play critical roles in increasing financing for climate actions. Victoria Kwakwa shares her views on South Africa's energy future. World Bank Group (WBG) assistance to Zimbabwe totaled $1.6 billion between 1980 and 2000. However, population growth, exploitation of natural resources, infrastructure development, and agriculture puts significant pressure on the forest. Global data and statistics, research and publications, and topics in poverty and development, For project-related issues and complaints, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects, Democratic Republic of Congo - Country Partnership Framework (CPF) for the period of 2022-2026, Emergency Equity and System Strengthening in Education, High-Priority Roads Reopening and Maintenance Project (Pro-Routes), regionalGreat Lakes Trade Facilitation Project, Electricity Access and Service Expansion project, World Bank Urban Drinking Water Supply Project, DRC Gender-Based Violence (GBV) Prevention and Response Project, Improved Forested Landscape Management Project, Forest Dependent Communities Support Project, Democratic Republic of Congo Country Partnership Framework for the Period FY22-26. View All Events. Approved in 2018, DRC Gender-Based Violence (GBV) Prevention and Response Project has reached more than 7 million beneficiaries, including survivors accessing direct holistic services, community members accessing livelihoods and literacy training, beneficiaries receiving dignity kits, community participation in discussion groups, service providers receiving trainings, and communities benefiting from large-scale awareness raising activities. Oppo v. Nokia. Economic growth in Sub-Saharan Africa is set to decelerate from 4.1% in 2021 to 3.3% in 2022, as a result of a slowdown in global growth, rising inflation exacerbated by the war in Ukraine, adverse weather conditions, a tightening in global financial conditions, and the rising risk of debt distress. Bangladesh has an inspiring story of growth and development, aspiring to be an upper middle-income country by 2031. DRC has one of the highest stunting rates in SSA (42% of children under age five), and malnutrition is the underlying cause of almost half of the deaths of children under the age of five. A new World Bank Group Country Partnership Framework (CPF) for Indonesia to focus on economic recovery and long-term growth. In 2020, the program reached 10 million poor and vulnerable families. To date, more than 40,000 beneficiaries have been involved in productive economic activities to strengthen their economic autonomy. The CPF promotes the stabilization and development of DRC, supporting strategic priorities and critical reforms to improve governance and deepen stabilization efforts, in particular in Eastern DRC. The Middle East and North Africa region had previously been below 3 percent in 2013, but conflict in Syria and Yemen raised its poverty rate in 2015. The CPF and forthcoming engagements supported under the framework will have a strong focus on addressing drivers of fragility, conflict, and violence. The project also financed investments to stop the advancement of gully erosion in Kananga. Nevertheless, more challenging global conditions and COVID-19 scarring effects could derail the recovery. Promoting human capital is an important priority for Indonesia. However, the WBG remains fully engaged through the Zimbabwe Reconstruction Fund (ZIMREF), the Global Financing Facility (GFF), Health Emergency If you continue to navigate this website beyond this page, cookies will be placed on your browser. The economic consequences of the war in Ukraine, through rising global food costs and higher oil prices, could exert stronger pressure on fiscal deficit, on inflation and on households consumption thus exacerbating poverty and inequality. If you continue to navigate this website beyond this page, cookies will be placed on your browser. On education outcomes, the PKH has helped to solve the last-mile enrollment problem for children aged 7 to 15, and eliminated more than half of nonenrolments. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. November 22, 2022. Read the latest on the impact of Sri Lankas deepening economic crisis, key economic developments, and policy priorities. The fiscal deficit is projected to deteriorate to 3.0% in 2022 (from 1.0% in 2021) as improved revenue mobilization cannot fully offset higher capital and current transfer spending. The ongoing social protection project is scaling-up the coverage of the social safety net programs. WebIndonesia is the worlds fourth most populous nation, the worlds 10th largest economy in terms of purchasing power parity, and a member of the G-20. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. If you continue to navigate this website beyond this page, cookies will be placed on your browser. View All What's New. As Indonesias economy is now recovering, the countrys GDP growth is projected at 5.1 percent in 2022, supported by growing commodity exports and accommodative fiscal policy to weather the pandemic. Initiated in late 2016, theKIAT Gurupilot program has empowered communities and tied allowance payment to teachers performance. This financing can be used by countries to make payments to COVAX, including the purchase of additional doses beyond the COVAX-provided 20% as countries aim for higher levels of coverage. The current medium-term development plan is the last phase of the 20-year plan. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Watch, listen and click through the latest videos, podcasts and slideshows highlighting the World Banks work in Sub-Saharan Africa. Given the critical role mangroves play for carbon storage and coastal resilience, the World Bank supports the Governments National Mangrove Program by preparing a Mangrove for Coastal Resilience through mangrove rehabilitation, conservation and promotion of coastal communities livelihood. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. 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. Higher global energy and food prices due to the ongoing war in Ukraine exert upward pressures on domestic inflation lifting the average inflation rate from 9.1% in 2021 to an estimated 9.5% in 2022. 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. WASHINGTON, September 16, 2021The World Bank Group today issued the following statement on the Doing Business report: Trust in the research of the World Bank Group is vital. This site uses cookies to optimize functionality and give you the best possible experience. 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 National Bank of Ethiopia (NBE) has partnered with the United Nations Development Program (UNDP) to set up an Innovative Finance Lab to test, innovate and grow a new set of services, products and inclusive instruments that will unlock new avenues of financing For instance, as a complement to household cash transfers, community-level (block) grants that are based on community emergency plans can be distributed to rural villages and urban neighborhoods since community groups often know best what the specific needs are in each community. However, despite conflict prevention and stabilization efforts, pockets of insecurity still persist in the country, particularly in the eastern region. 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. 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, South Africa leading the way toward a low-carbon economy and resilient society, Putting Africans at the Heart of Food Security and Climate Resilience, Supporting Mozambiques Internally Displaced Persons, Office of the Chief Economist in the Africa Region (AFRCE), Engaging Civil Society for Better Development Impact. Study Highlights Need for Policies to Curb Inflation Without Exacerbating Recession Risk. If you continue to navigate this website beyond this page, cookies will be placed on your browser. A case in point is Sub-Saharan Africa, where, under all but the most optimistic scenarios, poverty will remain in double digits by 2030, absent significant shifts in policy. Having maintained political stability, Indonesia is one of East Asia Pacifics most vibrant democracies, emerging as a confident middle-income country. But if we are going to end poverty by 2030, we need much more investment, particularly in building human capital, to help promote the inclusive growth it will take to reach the remaining poor. The Democratic Republic of Congo (DRC), about the size of Western Europe, is the largest country in Sub-Saharan Africa (SSA). Spanning over six countries, the Congo Basin is the worlds largest carbon sink. In February 2022, the World Bank Board of Executive Directorsendorsed a new Democratic Republic of Congo - Country Partnership Framework (CPF) for the period of 2022-2026. Enacted in March 2022, the regulation provides guidelines for oceans policies in Indonesia and how these policies will be implemented by ministries/agencies in the marine sector. 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. WebThe World Bank Group is working in global solidarity with COVAX, WHO, UNICEF and other partners at global and country levels to support IDA and IBRD countries. 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. Economic growth in Sub-Saharan Africa (SSA) is set to decelerate from 4.1% in 2021 to 3.3% in 2022. CDD approaches are particularly prominent in conflict, fragile, and violent (FCV) situations and in lagging regions. The Hydromet Project has supported the installation of meteorological equipment in 12 airports to improve forecasting. Global data and statistics, research and publications, and topics in poverty and development, Blog: The number of extremely poor people continues to rise in Sub-Saharan Africa, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects. Despite the tremendous progress in reducing extreme poverty, rates remain stubbornly high in low-income countries and those affected by conflict and political upheaval. The international poverty line is currently valued at $1.90 in terms of 2011 purchasing power parity, which equalizes its purchasing power across all countries and currencies. The country provides one of the worlds most business-friendly regulatory environment for local entrepreneurs and is ranked among the worlds most competitive economies.. To learn more about cookies, click here. Helping the 22 countries of the sub-region deliver strong development outcomes. Indonesia is now one of the Banks most significant partners in terms of lending, knowledge services, and implementation support. Access facts, statistics, project information, development research from experts and latest news about Energy An impact evaluation of CSDP indicated reduced maternal and child mortality; increased school enrolment and attendance; reduced distance, cost, and time of accessing water, healthcare services, and electricity; and increased earnings from farming. The WBGs new Country Partnership Framework (CPF) for FY2020 to 2025, issued in December 2019, reflects the evolution of the Bank Groups relationship with China toward a decline in lending and a more selective engagement in line with the capital increase WebSouth Africas political transition is known as one of the most remarkable political feats of the past century. To learn more about cookies, click here. Higher metal prices are likely to offset higher food and oil prices and lead to improved terms of trade and a balanced current account (from -1.0% in 2021), thereby helping to build up reserves to an estimated 8.3 weeks of imports in 2022, from 6.3 weeks a year earlier, and limiting excessive exchange rate fluctuations. If you continue to navigate this website beyond this page, cookies will be placed on your browser. It will continue the work of the Urban Development Project and lay the foundation to sustainably address the phenomenon of mega gullies in several cities of the DRC. The World Bank Vice President for South Asia, Martin Raiser, concluded his second visit to Bangladesh. Take a look at what results the World Bank projects have achieved in Indonesia. China and the World Bank Group (WBG) have worked together for over 40 years. WebBangladesh has made substantial progress in reducing poverty, supported by sustained economic growth. Through theCOVID-19 emergency response financing disbursed in May 2020andadditional financing in June 2021, the World Bank and its partners, including the Asian Infrastructure Investment Bank, KfW, and the government of Australia, are supporting Indonesia'shealthsector to tackle the COVID-19 pandemic. It has also supported the implementation of a National Framework for Climate Services. The largest economy in Southeast Asia, Indonesia a diverse archipelago nation of more than 300 ethnic groups has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s. In 2015, the government received a$60 million Additional Financing creditto expand and deepen the success of the project to reach an additional 200,000 beneficiaries. 6.4 million tCO2eq emission were reduced through the above results. In addition to operational engagements on GBV prevention and response through the GBV Project in Eastern DRC, the World Bank is likewise providing significant support to the DRC government regarding the management of project-based risks associated with sexual exploitation and abuse and sexual harassment, such as those measures implemented through the Emergency Equity and System Strengthening in Education project described above. While participation is relatively high, women earn considerably less than men and own fewer assets. 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. 2.5 million additional students enrolled in public primary schools in the 10 project provinces in 2021-2022 (or more than 3 million additional children enrolled, nationwide). Bank of Queenslands A$400 Million Capital Notes 3 Offering. This led some states and local governments to adopt the CDD approach and increase local budget allocations to community-led activities. 172,000 hectares of enclosures established and maintained to protect land areas from bush fires and facilitate natural regeneration, 110,000 people in forest and adjacent communities receiving monetary and non-monetary benefits, with $ 3 million in Payments for Ecosystem Services distributed to communities. Phase 2 of INDH(2011-2015) expanded the target population and geographic scope from 667 to 1,234 communities and from $1.2 billion to $2.1 billion over five years. Sustainably managing the oceans and its ecosystem to improve coastal communities' livelihood, protect ocean health and ensure sustainable economic growth. WebLatest news and information from the World Bank and its development work on Gender. 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, Next Generation of Climate-Smart Ideators of Bangladesh, World Bank Vice President Reiterates Support to Bangladesh, Bangladesh Country Partnership Framework FY 2016-2020. About 67% of the country is covered by forests, including 145 million hectares of rainforest, storing the equivalent of 85 billion tons of CO2. Finally, to strengthen the countrys efforts to increase the financing for climate actions in Indonesia, the World Bank supports the governments carbon pricing instruments. The last local government elections were held in November 2021, where the ANCs support fell below 50% for the first time across all elections since the dawn of democracy. The World Bank Group works in every major area of development. $30 billion available for implementation to address food insecurity over next 15 months. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. At the national level, the World Bank supported the development of the Presidential Regulation on Indonesia Maritime Policy Action Plan. STEP-KIN (Solidarit par Transferts Economiques contre la Pauvret Kinshasa) was launched in March 2021 and has reached more than 270,000 direct beneficiaries becoming the largest social safety net program in urban areas. 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