Civil society groups have raised concerns about the World Bank's support for private education solutions in developing countries, including lodging a formal complaint against a provider in Kenya, as the institution meets for its Spring Meetings.
Global leaders descend on Washington, D.C., this week for the World Bank and International Monetary Fund meetings amidst a backdrop of international conflict, a faltering global economy, and trade tensions. Devex highlights some of the issues which look set to play out during the week.
Experts scrutinized the early impacts of the World Bank's new procurement framework during its Spring Meetings last week.
While the World Bank Spring Meetings were dominated by negotiations around a major capital increase announced on Saturday, they also raised questions about human capital, digital economies, and internal changes at the world's largest multilateral development bank.
The Women Entrepreneurs Finance Initiative, or We-Fi, is to hand out $120 million in funding split between the World Bank, Islamic Development Bank, and Asian Development Bank to support work on women's economic empowerment. At the World Bank Spring Meetings, gender experts came forward with suggestions for how the fund can best operate in the sector.
The International Finance Corporation faces a difficult question. On one hand, IFC wants to help build strong financial institutions in developing countries. On the other hand, some of those institutions finance coal-fired power plants.
With the World Bank Spring Meetings in full swing, more than 80 civil society organizations and trade unions have issued an open letter urging the institution to reconsider its approach to public-private partnerships. Eurodad policy and advocacy manager María José Romero explains why.
In her memoir, Fighting Corruption Is Dangerous: The Story Behind the Headlines, Ngozi Okonjo-Iweala recounts her time in the Nigerian government and her struggles to combat graft, battle oil companies, and bring in effective government. It is a sobering tale that ends with a rallying cry to the development sector: "Outsiders can only assist. Corruption must be fought by insiders and from the inside."
Landing a job with the World Bank Group is highly competitive. With only a fraction of applicants receiving job offers, it's important to tailor your application and utilize all the insider knowledge you can get to stand out. Devex spoke with Roberto Amorosino, senior human resources specialist at the bank, to get his advice on increasing your chances of getting hired.
Interest both within the World Bank Group and among investors in investing in programs, policies, and businesses that seek to address key gender gaps has grown in the past year, Henriette Kolb, the head of the International Finance Corporation’s gender secretariat, told Devex in a recent interview.
Two years into the "Grand Bargain," World Bank Chief Executive Officer Kristalina Georgieva weighs in on the progress — and promise — of the global commitment.
World Bank President Jim Yong Kim charts his vision to maximize finance for development — an approach that involves enabling more private sector investment, helping create markets, and using the bank's full range of resources to de-risk projects, sectors, and entire countries.
The World Bank is considering refinancing the controversial Bujagali hydropower project in Uganda amid a high-profile campaign calling for unresolved social and environmental issues to be settled. The stakes are high as the project is an early example of a major public-private partnership — a model the bank is pushing as part of its new "cascade approach" to investment decision-making.
Accountability Counsel Founder and Executive Director of Accountability Counsel Natalie Bridgeman Fields offers her take on World Bank President Jim Kim's "Billions to Trillions" agenda.
The development sector has coped with the multiple shocks of 2017 and emerged from a year of uncertainty in better shape than many expected. But as Trump, Brexit, and multiple humanitarian crises still play out across the industry, Devex Editor-in-Chief Raj Kumar details the challenges — and opportunities — that lie ahead in 2018.
The World Bank will no longer finance upstream oil and gas projects after 2019, it announced on Tuesday, with civil society organizations celebrating a move they had been calling on for decades.
The World Bank saw a spike in the pipeline of projects after its annual meetings in October. Devex takes a look at the latest data. Explore more with our interactive visualization.
The World Bank spends more than $1 billion a year making sure that its own offices and operations run smoothly — and that offers opportunities to contractors. A Devex analysis of the data reveals that contract awards can skew toward U.S. firms and that a surprising number of winners are consulting firms, not suppliers.