As the Executive Director (ED) of the World Bank Group Board representing Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, I am pleased to invite you to visit our website to learn more about the work of the Nordic and Baltic office.
This event advanced the thinking about the rising concentration of wealth, income, carbon, and the role of progressive taxation. Today, the richest 10% in the world owns 76% of global household wealth, while the bottom half owns barely 2%. Furthermore, the richest 10% of emitters are responsible for close to 50% of all emissions, while the bottom 50% produce 12% of the total. The challenges of the 21st century are not feasible without significant redistribution of income and wealth inequalities and targeting wealthy polluters. In this talk, the guest speaker, economist and professor Lucas Chancel presented the World Inequality Report 2022, which serves as a framework for learning about all different pieces in the inequality puzzle and discussed about the redistribution tools to design fairer development pathways.
Video Recording, Presentation, WIR 2022
The annual meeting between the The World Bank President, currently Ajay Banga, and the Nordic Baltic Governors to the Bank took place in Oslo in September 2023 hosted by the Norwegian Development Minister Anne Béate Tvinnereim. The discussion was open and frank and confirmed strong support from Nordic Baltic countries to the Bank and its direction of travel in challenging times. The Nordic-Baltic Ministers welcomed the World Bank Evolution and the Bank’s important role in supporting Ukraine, and expressed strong support for an ambitious recapitalization of IDA. Ministers also emphasized the important role for the World Bank in financing global challenges, in particular climate change, and in assisting countries in increasing their domestic resource mobilization and in directing these resources towards critical development needs. President Banga expressed his appreciation for the strong support from the Nordic-Baltic Constituency.
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History of the Membership of the Current Constituency of EDS20
Young Professionals are recruited from around the world to the World Bank, IFC and MIGA.
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy issues.
The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, ...
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Using lessons from the Ebola outbreak in 2014, African countries prepare to mitigate the impact of COVID-19 (Coronavirus).
