New World Bank Fund to Support Climate-Smart Mining for Energy Transition
The World Bank, on May 1st, launched the Climate-Smart Mining Facility, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable. The Facility will support the sustainable extraction and processing of minerals and...
World Bank Group to Extend Current Strategy in Egypt to Maintain Momentum on Reforms
With Egypt’s economic reforms showing early signs of success, the World Bank Group on April 30, announced a two-year year extension to its 2015-2019 Country Partnership Framework (CPF). The decision was announced following a formal review of the...
Bangladesh Can Prosper With More and Better Jobs for Women, Report Says
Bangladesh is among the few countries in South Asia that has increased female employment in the last decade while also cutting the wage gap between men and women significantly and it should keep this momentum going to create more gender equality, says...
Russia must urgently step up fight against foreign bribery
The OECD Working Group on Bribery has repeatedly recommended since 2012 that Russia rectify key legislative deficiencies in order to comply with the Convention on Combating the Bribery of Foreign Public Officials in International Business Transactions...
Low productivity jobs continue to drive employment growth
Employment is rising in OECD countries but most jobs continue to be created in relatively low-productivity, low-wage activities, says a new OECD report.
Major Boost for Fiji with Additional World Bank Support
For the first time, Fiji has access to funding through the International Development Association (IDA), the World Bank Group’s arm for supporting the world’s most in-need countries, including funding for key regional development projects and to...
Rapid action needed for people to meet challenges of changing world of work
Governments need to overhaul their approach to employment and jobs to reduce further social and economic tensions, according to a new report from the OECD. Without rapid action, many people, particularly the low skilled, will be left behind in the...
Argentina and World Bank Group Agree to Promote Inclusive and Sustainable Growth
The World Bank Group (WBG) Board of Executive Directors, on April 25 endorsed the new Argentina Country Partnership Framework (CPF) until 2022. The partnership will focus on working with the country to reduce poverty through sustainable, private-...
Low-Paid Workers Catching Up Over Time in Mauritius
Lower-paid workers in Mauritius are to some extent catching up to their higher-paid counterparts over time, according to Mauritius: Earnings Mobility and Inequality of Opportunity in the Labor Market, a new World Bank report released on April 24....
Peru should help more young vulnerable people into work
Peru’s remarkable economic growth since the 2000s and policies targeting the most vulnerable young people have helped boost the youth employment rate. Peru should now focus on improving job opportunities for low-skilled youth, young women and...
