Ajay Banga

In the wake of recent attacks on vessels in the Red Sea, the global container shipping industry faces potential disruptions, and the risk of a supply-chain crisis looms large.

Major carriers like Maersk and Hapag-Lloyd are rerouting vessels, avoiding the Red Sea and adding significant miles and costs to their journeys. This strategic shift could lead to challenges reminiscent of the 2021-22 crisis.

🌐 What You Need to Know:
1️⃣ Attacks on vessels impact shipping capacity.
2️⃣ Rerouting around the Cape of Good Hope adds extra costs and time.
3️⃣ Additional charges and surcharges are affecting shipping rates.

📈 Why It Matters:
The ripple effect of these disruptions could echo the challenges witnessed during the pandemic-related crisis. Increased shipping rates and surcharges reflect the added complexities in the industry.

Click the link below to delve deeper into the potential impact on global trade and supply chains⬇️

Will a prolonged rerouting of ships from Suez trigger a new supply chain crisis? Major freight carriers, including Maersk and Hapag-Lloyd, have suspended operations through the Suez Canal to avoid the Red Sea and are rerouting vessels around the Cape of Good Hope could trigger a supply-chain crisis like the one that occurred in 2021-22.

that MIGA is supporting 's transition to by guaranteeing its first independent power project.

This project represents a key step forward in the country's efforts to power a more future.

More:

Djibouti May Be Small, but It Has Big Energy Plans | Multilateral Investment Guarantee Agency | World Bank Group The country’s first utility-scale wind farm puts it on a path to energy independence using renewables.

🌿 Chen Guanghui and female farmers are the unsung heroes of black-necked crane conservation in Dashanbao, .

Supported by the Global Environment Facility and United Nations Development Programme - UNDP their efforts are a testament to the power of community-led conservation.

🔗 Read the full story:

Reciprocal rescue - UNDP Nature During a blustering storm on the first day of the year, Chen Guanghui made her way through the frost and fog towards flocks of black-necked cranes (Grus nigricollis).

The latest bi-weekly Update from World Bank is out.

Download for insights on:
1️⃣ the global food market outlook
2️⃣ emerging issues
3️⃣ regional updates

Food Security | Rising Food Insecurity in 2023 The World Bank’s response to the food insecurity crisis, the solutions it’s working on, including financing food and fertilizer—and commodities and agricultural data.

Migrant workers help uplift their families from poverty. Remittance sent by the migrant workers is a key contributor to 's economy. But the pandemic forced a lot of them to return.

Find out how the World Bank is helping them across the country 🇧🇩:

Turning Challenges into Opportunities: Supporting returning migrant workers in Bangladesh The World Bank-financed Recovery and Advancement of Informal Sector Employment (RAISE) Project has been supporting the Government of Bangladesh provide services that can enhance earning opportunities for low-income urban youth, urban youth impacted by COVID-19, and returning migrants. Under the Proj...

The World Bank extends a new lifeline to small islands & states struck by disasters, allowing governments to focus on disaster recovery instead of debt repayment when catastrophes occur. http://wrld.bg/sZoq50QsE7N

More than 100 million people are forcibly displaced━either within or outside their country of origin.

Governments need comprehensive & timely data on issues faced by both forcibly displaced populations and their host communities to support long-term development.

Learn about how the Bank is supporting this ➡️ http://wrld.bg/3tSP50QsE38

⚖️ What makes a judicial system effective? Can this effectiveness be measured? How can we improve judicial service delivery for people?

📌 Learn about our new tool that can assess the effectiveness of a country’s judiciary: http://wrld.bg/W0kk50QsC1L

Ensuring efficient health service delivery is a global priority. The World Bank's public financial management (PFM) tool, FinHealth, highlights that governance is critical for:

✅ effective use of public resources
✅ greater accountability
✅ increasing responsiveness

Learn more about FinHealth and how it can be applied ➡️ http://wrld.bg/VPop50QsBTT

Experiences from early adopters of carbon pricing demonstrate that design and implementation can be a challenging, political, and gradual process.

What are three lessons reformers can learn from the early adopters? http://wrld.bg/gnaa50Qskum

What do youth leaders in South Asia think about how the World Bank can work with them?

Two trailblazing young leaders from Sri Lanka 🇱🇰 and Nepal 🇳🇵 will join the World Bank Group Inclusion Team in a live event to answer this and more on Youth Inclusion.

Register now to attend: http://wrld.bg/egTU50Qsjsx

The World Bank Group has an ambitious investment package to help developing countries build climate resilience.

The Bank will devote 45% of its annual financing to climate-related projects, putting over $40 billion to work. Let's work together to end poverty on a livable planet http://wrld.bg/Jkpa50QseRk

What do you know about the Urban Heat Island Effect (UHI) and why worry about the phenomena in ?

Our new report answers this and offers insights on addressing the UHI challenge. Check it out ➡️ http://wrld.bg/zWFG50QrP9K

📢CALLING ALL CAREGIVERS!

📚What’s your child's favorite book? To celebrate on Jan. 24, we'd love to hear your recommendations for children's books through a message, using .

Let's ignite the joy of reading!

http://wrld.bg/rNGR50QrNue

📑 NEW REPORT: Insights from detailed survey micro-data in expose gaps in disaster inventories.

Economic losses from droughts & floods alone are $5.1 billion higher than reported in macro statistics, impacting 170 million people.

Find out more: http://wrld.bg/LLMA50QqZvO

🔟Ten emerging seaweed markets can grow up to $11.8 billion by 2030. Learn what is needed for the seaweed economy to flourish.

Check out the latest episode of our Table for 10 Billion podcast: http://wrld.bg/kntT50Qrbfw

is already a reality for the Dominican Republic 🇩🇴, and it affects all its citizens.

A new report indicates its effects could deeply impact the country’s growth from today to 2050 if no measure is taken.

Download it for more info: http://wrld.bg/44tw50Qr77V

Our new research shows that cities that invested in subway transit systems would have had twice the emissions had they not made those investments.

What does it mean for cities considering subway investments? http://wrld.bg/ggi450QqZul

Are we getting closer to achieving Universal Health Coverage (UHC)?

Our report, in collaboration with the World Health Organization (WHO) on UHC, presents an alarming picture of stagnating coverage of essential health services & increased financial hardship. http://wrld.bg/BwrH50QqMZB

We have more hungry people today than ever before.
Yet we are producing more food than ever before.
How do we fix this problem?

👀WATCH interviews with leading experts on & hear what they have to say: http://wrld.bg/y0bc50QqMZ8

Albania is taking a giant leap towards a greener and more secure energy future! Project Karavasta, with €99 million in IFC financing, is set to provide 140MW of clean energy while safeguarding against climate change impacts.

Let's power up for a brighter tomorrow! http://wrld.bg/8nAw50QqIRr

Colombia’s building industry is going green. A mandatory green building code and tax incentives have resulted in more energy- and water-efficient buildings.

Watch this video to learn how we're helping drive climate-friendly construction with financing: http://wrld.bg/zmYS50QqwXN

The World Bank interviewed people with disabilities across six villages and several urban neighborhoods in to examine climate change vulnerabilities facing persons with disabilities.

Here’s what we found out: http://wrld.bg/7fsh50QqwVS

The Latin America and Caribbean region has endowments of commodities needed for emerging green industries.

This opportunity could increase the region's economic growth if policies are improved to integrate it into the global economy. How can they do that? Find out in this blog ➡️ http://wrld.bg/sAlS50QqnZ2

📣Calling all Young Aquapreneurs!
The World Bank Youth Innovation Challenge needs your ideas to tackle one or more of four global water challenges:
💧Too much
💧Too little
💧Pollution
💧Mismanagement

A joint initiative of the World Bank’s Solutions for Youth Employment (S4YE) and the Water Global Practice’s Utility of the Future Program, the challenge is designed to accelerate innovation and unlock the potential of the next generation of aquapreneurs from around the world.🌊
➡ For Participants ages 18-35
➡ Deadline: Feb 23, 2024

Learn more: http://wrld.bg/KOWf50QqnLx

DID YOU KNOW that Eastern and Southern Africa has nearly achieved gender parity in primary education, with 25 million more girls enrolled in primary school in AFE today than in the early 2000s?

World Bank projects in the region have also helped 22.4 million women access health, water & sanitation services since 2013. Progress has been made, but there is still more to be done.

Learn more in this results story: http://wrld.bg/8izS50QpWfc

The world faces a water crisis & we need young people to help keep us afloat. By 2030 about 1/2 of the world’s population will live in water-scarce areas.

We're calling on youth aquapreneurs to offer their solutions to the water crisis.

Learn more: http://wrld.bg/mGJL50QpW6a