 | DECEMBER 13, 2011 | |
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 | | The World Bank Supports Thailand's Post-Floods Recovery Effort
Initial findings suggest that the total economic damages and losses from the floods, as of December 1, 2011, stands at THB1,425 billion. The economic losses could reduce real GDP growth in 2011 by 1.1 percentage points but the reconstruction of the damages next year could help raise real GDP growth by 0.2 percentage points and that of 2013 by 0.9 percent. |
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Developing Countries to Receive Over $350 Billion in Remittances in 2011, Says World Bank Report
Top recipients of officially recorded remittances, estimated for 2011, are India ($58 billion), China ($57 billion), Mexico ($24 billion), and the Philippines ($23 billion). Other large recipients include Pakistan, Bangladesh, Nigeria, Vietnam, Egypt and Lebanon. Read more |
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World Bank Launches “Apps for Climate” Competition
Software developers and development practitioners are being brought together by an “Apps for Climate” competition launched at the Durban climate conference. Entrants are asked to use open data to create innovative software applications that can help solve some of the development problems that climate change poses. Read more |
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Development Banks Agree on New Partnership for Climate Action in Cities
With the overall aim to better coordinate and deepen support to cities in adapting to and mitigating climate change, the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and the World Bank have agreed to work more closely to develop common tools and metrics for cities. Read more |
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World Bank Strengthens Ability to Respond to Crises in Poorest Countries
“Immediate Response Mechanism” complements longer-term emergency response tools available to members of the International Development Association (IDA), offering countries financial support within weeks rather than months of an emergency. Read more |
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New Money from Japan for Small-Island States Clean Energy Partnership
The government of Japan announced a new US$15 million grant to support clean energy efforts by some of the smallest and most climate vulnerable island nations in the world. Read more |
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World Bank Shines Spotlight on Anti-Corruption with New Sanctions Board Law Digest
By capturing past cases in the Law Digest and publishing new Sanctions Board decisions going forward, the public can see how carefully the World Bank considers fraud and corruption allegations in Bank-financed projects and how the institution resolves these cases. Read more |
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Conserving the Past as a Foundation for the Future: China-World Bank Partnership
China's rich cultural heritage is an essential touchstone of its collective identity but is under tremendous pressure due to the country’s rapid development. Here is how the Bank is supporting its preservation. Read more | View the slideshow |
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Budgeting for a higher performing Indonesia
International seminar brings global best-practice options to Indonesian efforts to synchronize state budgets and planning with policy needs. Read more |
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Dealing with the Challenges of Macro Financial Linkages in Emerging Markets
Financial regulators from emerging economies met in Indonesia to discuss ways to strengthen fiscal systems in face of global financial crisis. Read more |
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Philippines: WB Approves New Funding To Improve Delivery Of Services To Poor Communities
project to fund the Regional Infrastructure for Growth Project (RIGP) which aims to improve physical and economic integration within and across local government units in participating provinces and regions by increasing access to finance for an open menu of local public infrastructure and services. Read more |
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Gender gap narrowed, yet Vietnam still faces challenges, World Bank report says
New report titled "Vietnam Country Gender Assessment" finds remarkable progress has been made on gender equality but important gender differences still remain. Read more |
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Vietnam: CG meeting agreed on Restructuring the Economy and Ensuring Social Stability as key medium-term priorities
Development Partners urge the government to continue implementation of measures to stabilize the economy, initiate reforms to restructure the economy and to reduce poverty. In support of government’s reform effort, US$7.39 billion in development assistance was pledged for 2012. Read more | Speech |
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