The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.
Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide.
BERLIN, 16 October 2018 - Eleven heads of the world’s leading health and development organizations today signed a landmark commitment to find new ways of working together to accelerate progress towards achieving the United Nations’ Sustainable Development Goals.
Coordinated by the World Health Organization, the initiative unites the work of 11 organizations, with others set to join in the next phase.
THIRUVANANTHAPURAM, October 16, 2018 – The World Bank is looking to extend support of up to $500 million to the Government of Kerala’s comprehensive flood recovery efforts and to build greater resilience to future shocks. The support is subject to Government of India’s formal request and will have to be approved by the World Bank Board of Governors.
As an immediate step, the Bank is ready to reallocate up to $55 million from within its current portfolio of projects in India to support the state’s reconstruction investments.
The rugged, dynamic landscape of the Kyrgyz Republic is prone to a wide array of frequent and often devastating natural hazards, such as earthquakes, floods, mudflows, landslides, or droughts.
On October 5, 2008, a 6.6 magnitude earthquake rocked Nura village in the Kyrgyz Republic’s Osh province. At least 75 lives were lost and more than 140 people were injured, amidst extensive damages to homes and critical infrastructure like hospitals and schools.
NUSA DUA, Bali, Indonesia, October 14, 2018 — The World Bank has announced funding of up to $1 billion for the Government of Indonesia to supplement relief and reconstruction efforts in the disaster-affected areas of Lombok and Sulawesi, and to bolster long-term resilience.
The funding will be available on request by the Government. It would be guided by a US$5 million grant for technical assistance for detailed planning to ensure reconstruction is resilient and community-led.
Background: As part of the World Bank’s response to the Sulawesi earthquake and tsunami, a rapid assessment of the damage‑affected areas in Central Sulawesi was conducted using the Global Rapid post‑disaster Damage Estimation (GRADE) methodology. The findings of the report will be shared by World Bank Group CEO, Kristalina Georgieva, during her visit to Sulawesi on October 12th, 2018. The following are relevant points related to the report.
Report and Findings
1. Who produced this report (is this a World Bank product)?