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Within the scope of the 21st replenishment of its financial resources, the International Development Association (IDA) faces a difficult task: mobilize enough funds to maintain their high concessional rates available to 75 low-income economies, as well as its current multiplier capacity of aid estimated at $4 of financial s
on 22.07.24
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In the face of the multiple and interlinked global crises, developing countries are grappling with debt overhangs, higher borrowing costs and limited access to liquidity. The sustainable development goals are, for many, currently unattainable. Image: Photo by Aron Visuals on Unsplash
on 23.05.23
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Ahead of the two-days Global Parliamentary Forum to kick off the World Bank/IMF Spring Meetings in Washington DC, below is a Chair’s Briefing Note on the big debate in global development finance. The link to the survey on seven pre-Forum questions to inform the discussions is here: SURVEY Download PDF NO TIME TO LOSE THE
on 08.04.23
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On behalf of the Parliamentary Network, I want to thank President Malpass for his service as President of the World Bank. Under his leadership the Bank stepped up record levels of support to vulnerable countries dealing with Covid aftershocks, provided robust assistance to Ukraine and Afghanistan and pioneered new tools to
on 21.02.23
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During this launch meeting, parliamentarians from Ukraine shared their respective views of the regions’ challenges and their country’s development constraints in the context of the ongoing war. They agreed on the need to build social cohesion through a renewed social contract, expand opportunities for youth, and enhance Image: Photo by Max Kukurudziak on Unsplash
on 08.12.22
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The issue of climate change is one of the priority issues to which Algeria pays great attention because of its geographical location in the Mediterranean, which is considered one of the most vulnerable and weakened by global warming and its adverse effects such as desertification, drought, heavy rains and floods. To this en Image: Photo by aboodi vesakaran on Unsplash
on 14.11.22
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The Parliamentary Network is a global platform for parliamentarians from over 160 countries with over 2000 members to advocate for increased accountability and transparency in International Financial Institutions and multilateral development financing. A Parliamentary Network Chapter brings together a group of parliamentari
on 29.09.22
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It’s clear that we will not achieve climate targets without the full and proactive participation of the financial sector. In Canada, this sector massively supports high-emitting industries with billions of dollars in direct funds. For example, Export Development Canada supported the fossil fuel industry with between 8 Image: Photo by Nicholas Doherty on Unsplash
on 22.09.22
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Government of Georgia alongside with the Ministry of Education and Science of Georgia (MoES) is implementing various programs and activities to ensure access to quality education. Ministry finalizing New National Strategy of Education and Science 2022-2030, based on three pillars – Quality, Equity and Governance. Image: Photo by Element5 Digital on Unsplash
on 11.07.22
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It is no coincidence that learning poverty is frequently perceived as a lack of reading skills. It is known that reading skills play a fundamental role in the acquisition of scientific knowledge. It is obvious that education systems that could not provide reading skills will not help to acquire knowledge in other areas such Image: Photo by Hikmat Gafarzada on Unsplash
on 11.07.22
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Inflation has been a persistent challenge for developing economies for decades but, in recent times, has also become a worrying trend in advanced economies.
on 11.07.22
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Rt Hon. Liam Byrne MP, UK, Chair Hon. Marlene M. Forte, Jamaica, Vice Chair Senator Antonio Alarcó, Spain, Vice Chair Hon. Gagan Thapa, Nepal While conceiving economic development as the enlargement of human freedoms, Indian economist Amartya Sen, once stated that “the practice of democracy gives citizens an opportunity
on 30.06.22
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The question of gender in our Ivorian society and our world remains crucial. “Gender” is a development approach that aims to reduce social, economic, political, and cultural inequalities between men and women, girls and boys. Image: Photo by Eva Blue on Unsplash
on 29.06.22
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On 15 December 2021, World Bank Group’s President, David Malpass, announced the launch of the replenishment process of the International Development Association (IDA), bringing financial support and policy advise to 74 countries. This allocation of $93 billion, the largest in IDA’s history, took place one year earlier t
on 28.03.22
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Dear Liam, Thank you for your powerful and heart-felt letter to President Malpass and Managing Director Georgieva. On behalf of the World Bank Group, we are all of course horrified by the ongoing plight of the people of Ukraine, a country that has been a longstanding partner. In addition to the immediate human cost of [&hel
on 28.03.22
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Liam, Thank you for your letter and for making the position of the Parliamentary Network so clear. Indeed, the International Monetary Fund has an important role to play. We are deeply shocked and saddened by the devastating human suffering caused by the war in Ukraine. The scenes of death and destruction are truly painful.
on 28.03.22
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The Parliamentary Network on the World Bank and IMF unequivocally condemns Russia’s invasion of Ukraine and its violation of article 2 paragraph 4 of the UN Charter which states in clear terms that all member states shall refrain from the threat or use of force against the territorial integrity or political independence o Image: Photo by Daniele Franchi on Unsplash
on 02.03.22
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As representatives drawn from diverse parliamentary networks and assemblies, considering the fundamental role of members of parliament in enhancing global health, and in recognition of the need for multilateralism and coordination to address the current pandemic, tackle other infectious diseases and drivers of ill-health, a
on 18.01.22
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When the IMF decided to mint $650bn of special drawing rights (SDRs), effectively creating money to be distributed to its 190 national members, it made a powerful weapon in the war on want. But this will only work if the IMF’s shareholders now agree three big steps to move the money out of the vaults and into the assault Image: Photo by Jason Leung on Unsplash
on 04.08.21
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In the Philippines we passed two major laws in the early days of Covid. As a quick response, we provided the president with emergency powers to respond and in those early days the question was really the testing capacity. And, then, we had a second law wherein we tackled more technical aspects.
on 13.07.21
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Thank you, Liam and hello to everyone. Sadly, I am speaking from Portugal because we can’t travel, basically. And hopefully we will be together sooner than later as we overcome these difficult times. I know time is of essence, so I’ll try to be brief saying that it is consensual that we need to understand […] Image: Photo by Yohann LIBOT on Unsplash
on 13.07.21
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As you know, IFC's involvement through investments in the private sector is very important to demonstrate during the pandemic how international community is helping people and businesses survive and thrive. Image: Photo by Tamanna Rumee on Unsplash
on 13.07.21
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The World Bank, as I think we’ve discussed in the past, started out with a very fast and broad response to the Covid-19 pandemic. Since mid-March, the first track facility that was approved by the board made available initially 14 billion US dollars, 6 billion of which was to IDA and IBRD countries and 8 […]
on 13.07.21
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Pandemics do not stop at passport control and we cannot all be safe until everybody is safe. That means we have to mobilize a global community to make sure that there isn't any community on this planet that does not enjoy access to the vaccines that science has now made available. Image: Photo by Kate Trifo on Unsplash
on 13.07.21
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