The World Bank (WB) is the world’s largest multilateral institution working in every major area of development. It provides a wide array of financial products and technical assistance to low and middle-income countries to reduce poverty and enhance prosperity around the globe. In fiscal 2021, the WB committed a record US$157 billion to help countries to tackle COVID-19 and meet their development needs. Enormous amounts of funding have been spent to contract a myriad of professionals and to procure equipment, works, and services from vendors.
But not every company willing to work within WB-funded projects manages to stay ahead of the competition and secure assignments on a consistent basis. In this context, having access to business data from an early intelligence stage could prove vital to determining success rates. This pragmatic approach allows entities to audit their capacities, gather the available resources, reach out to potential partners and engage the best key and non-key experts at an early stage.
The Project Approval stage represents the milestone during which the project details are negotiated and accepted between the contracting authority and the World Bank’s Board of Directors. This stage begins the implementation phase which is the invitation to potential contractors for collaboration.
This document provides an overview of the approved projects in the World Bank’s pipeline which moved to the implementation phase across major geographical areas in May 2022. All 68 projects can be monitored by DevelopmentAid members using the Early Intelligence function in our Funding database.
Africa
Between 1 May and 2 June 2022, the World Bank’s Board of Directors approved 24 projects in Africa with an aggregate value of US$4.2 billion, the highest overall compared to other regions. The majority of the funds will be directed towards improving regional/urban infrastructure with a specific focus on mobility, climate resilience, and the sustainable economic development of the African countries. Here are some of the key projects to take into consideration:
* Project closing date is expected to last/extend in synchronicity with the scope of activities set out in the parent project.
Eastern Asia and the Pacific
In the period under examination, the World Bank approved 15 projects in the Eastern Asia and the Pacific region worth US$1.4 billion, representing the second-highest overall in terms of the number of projects and third in terms of allocated funds. The majority of the funds will be directed to improve the environmental, urban mobility, and disaster management dimensions in the region. Here are some of the key projects to take into consideration:
Europe and Central Asia
5 projects were approved by the World Bank in May to June 2022 covering Europe and Central Asia with an aggregate value of US$765 million. While the number of projects is similar to those programmed for the Middle East, the overall value is higher. The largest share of funds, about US$650 million, will be used to prevent, detect, and respond to the threat posed by COVID-19 in Turkey and assist Moldova to mitigate the impact of the war in Ukraine on refugees and households.
* Project closing date is expected to last/extend in synchronicity with the scope of activities set out in the parent project.
Latin America and the Caribbean
Between 1 May and 2 June 2022, the World Bank’s Board of Directors approved 13 projects in the Latin America and Caribbean region committing over US$2 billion, the second-largest after Africa. It is worth mentioning that the majority of the funds have been allocated to remedy the consequences of the COVID-19 pandemic and to build efficient systems to cope with (environmental) emergencies and crises. Here are the key projects to consider:
* Project closing date is expected to last/extend in synchronicity with the scope of activities set out in the parent project.
Middle East
In the period under consideration, the World Bank approved 5 projects in the Middle East region committing about US$107 million, the lowest amount compared to other regions. The majority of the funds will be used to promote investments and exports by project beneficiary firms in the manufacturing sector and to mitigate the consequences of the COVID-19 pandemic. Here are some of the key projects to consider:
South Asia
Between 1 May and 2 June 2022, the World Bank approved 6 projects in South Asia worth US$114 million. The majority of the funds will be used to strengthen institutional capacity, increase access to water supply and sanitation services, and improve social protection. Here are some of the key projects to consider:
The World Bank is one of the largest players in the development sector that continually publishes a myriad of funding opportunities. In May 2022 alone, the WB moved 68 projects worth more than US$8.5 billion to the implementation phase. Africa, Latin America and the Caribbean, and Eastern Asia and the Pacific regions received most of this funding. In view of the importance of having access to business data as early as possible, DevelopmentAid offers its members the chance to follow their tenders/grants of interest from an early intelligence stage
DevelopmentAid is the leading provider of business information and recruitment tools in the development sector. Join today and gain access to exclusive information on upcoming funding opportunities, past awards, and contractor lists for over 200 international donor organizations. Every tender/grant profile is accompanied by relevant documentation and a list of recommended partners/experts to consider.
