Mari Elka Pangestu
@WorldBank, Managing Director of Development Policy and Partnerships
The World Bank has unveiled a plan to overhaul how it provides guarantees on its loan and investment contracts to offer simpler, faster, and easier access to guarantees in a bid to attract more private sector investment into emerging markets for climate and development.
Announced by bank President Ajay Banga on the sidelines of the Group of 20 major economies’ finance leaders meeting in Brazil on Wednesday, the new guarantee platform is part of the bank’s pledge to triple its annual guarantee issuance — currently around $7 billion a year — to $20 billion by 2030.
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By the end of 2022, as many as 685 million people could be living in extreme poverty — making 2022 the second-worst year for poverty reduction in the past two decades (after 2020).
We need the voice of the developing world louder and more united than ever to overcome our challenges and to create change in the implementation of our 2030 Agenda.
Apply for World Bank Grant or Loans.
World Bank Group stepped up its support to help countries address climate & development needs: delivering a record $31.7 billion in climate finance in FY2022, the most ever in a single year in its history.
Apply for Grant or Loan.
Debt means the world’s poorest are not able to make critical investments in economic reform, health, climate action, or education - among other key development priorities.
Today announced $610 million in financing to help restore access to essential health services and to provide budget support for Individual, Organization and utility payments for Government Agencies and Private Agencies.
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World Bank Group stepped up its support to help countries address climate & development needs: delivering a record $31.7 billion in climate finance in FY2022, the most ever in a single year in its history.
Apply for Grant or Loan.
We need the voice of the developing world louder and more united than ever to overcome our challenges and to create change in the implementation of our 2030 Agenda.
As you can apply for World Bank Grant or Loans.
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