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BRIEFSeptember 16, 2023

The World Bank and the 78th Session of the UN General Assembly (UNGA)

United Nations General Assembly #UNGA

UN Photo/Laura Jarriel

The world is off-track to achieve the Sustainable Development Goals (SDGs), which have devastating implications for people's lives worldwide. Evidence from the World Bank's Atlas of the SDGs shows that some 574 million people—nearly seven percent of the world—will be severely restrained by extreme poverty in 2030 unless the poorest countries grow at rates never seen before.

The heavy toll of the COVID-19 pandemic undid decades of progress to expand childhood learning, eradicate tuberculosis and malaria, and boost childhood immunization. Development aid has also shifted away from the most vulnerable countries.

At this halfway point to the deadline set for achieving the 2030 Agenda and the SDGs, the world needs to raise its ambition and double down on creating jobs and growth—all while combating climate change and its impacts.

The World Bank is adapting so we can use more tools to deliver results to people and play a crucial role in the coalition to turn around the SDGs. We are bringing diagnostics and solutions, working more closely with partners and other development players, and unleashing private sector capital.

We must find a way to finance a different world, one where climate resilience is strong, pandemics are manageable, food is abundant, and fragility and poverty are defeated.
Photo: World Bank
Ajay Banga
World Bank President
Ajay Banga speaking during UNGA

Follow our participation at the 78th Session of the UN General Assembly:
 

Events

Thursday, September 21

New York Times Event: Climate Forward (with World Bank President Ajay Banga)
Visit NYTimes Online (Account required)

SDG Action Zone 2023: Raising Accountability (with World Bank's Managing Director for Operations Anna Bjerde)
Watch on UN Web TV

 

Wednesday, September 20

Opening of High Level Dialogue on Financing For Development (with World Bank President Ajay Banga) 
Watch on UN Web TV
 

Tuesday, September 19

Clinton Global Initiative: Curiousity, Wonder, and Awe (with World Bank President Ajay Banga) 
Watch on CGI's website

Financing Pandemic Preparedness: The Urgency for Collective Action (with World Bank President Ajay Banga)
Watch on World Bank Live
The Pandemic Fund is hosting this high-level event in partnership with the World Health Organization (WHO), on the margins of the United Nations General Assembly in New York.


Monday, September 18

2023 SDG Summit (with World Bank President Ajay Banga)
Watch on UN Web TV


Sunday, September 17

Food Systems Transformation: Transforming food systems for a sustainable world without hunger (with World Bank Senior Managing Director Axel van Trotsenburg)
Watch on UN Web TV

Power of Data: Unlocking the data dividend for the SDGs (with World Bank Senior Managing Director Axel van Trotsenburg)
Watch on UN Web TV

Advancing Sustainable Development In Complex Settings (with World Bank's Managing Director for Operations Anna Bjerde)
Watch on UN Web TV

The mission of the World Bank described by Ajay Banga

Social Mentions

Thursday, September 21

Axel van Trotsenburg, Managing Director of Operations
Glad to join Global Infrastructure Facility’s conversation about how to get more private capital flowing to developing countries for energy transition investments in support of #climate  goals - we need to do more & move faster, w/public & private sector working together! #UNGA
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Leaving #UNGA after a week full of meetings and conversations on reenergizing the #SDG agenda, with greater urgency and the need for action.  Walking the #UN compound for a moment of reflection on the path forward.  #UNGA78
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Anna Bjerde, Managing Director of Operations
Important to meet with @UNReliefChief at #UNGA as we continue to explore ways to jointly address urgent crises that are affecting so many - from food security to conflict situations. We both acknowledged the importance of country specific contexts.
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How do we get to a world free of poverty on a livable planet? Well, we start by lifting EVERYONE up. It's an enormous task & it’s the right thing to do, and we need to double down on action. #SDGActionZone
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After a busy week at #UNGA, I'm reflecting on it and the many opportunities we have to work together and bring more to the people who need it most and truly realize our vision of a world free of poverty on a livable planet.
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World Bank Health
The #UNGA78 roundtable discussion on putting health at the center of climate action highlighted the gravity of the climate crisis and its impacts on global health.
Learn more about what the @WorldBank is doing to address health and climate change. 
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Martin Griffiths, UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator
So much more we can do together! Thank you @bjerde_anna for the excellent talk on new & innovate ways @WorldBank & @UNOCHA can work together in countries with #humanitarian needs. #UNGA
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Wednesday, September 20

World Bank
"If we all repurpose subsidies that currently go to fossil fuels, agriculture, and fisheries, we could unlock $1.25 trillion dollars, in much needed financing, and, avoid $6 trillion dollars in costs every year." - Ajay at UN General Assembly #UNGA
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"We cannot endure another period of emission-intensive growth. We have to find a way to finance a different world. But it’s not just a matter of bigger or better; it’s also about smarter. We need to work together, all shoulders to the wheel." –Ajay on #FinancingOurFuture at #UNGA
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The climate crisis affects every country and sector, but the poorest are hit the hardest. Natural disasters push 26M people into poverty every year. Last year, we provided $12B for climate adaptation & resilience. http://wrld.bg/V0oT50PO2vX #ClimateActionWBG #UNGA
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Axel van Trotsenburg, Managing Director of Operations
Great to talk to @MSuzman with @bjerde_anna at #Goalkeepers2030, to talk about making a difference to people’s lives in the poorest countries especially through investing in human capital. #UNGA78
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We all need to be prepared for the next pandemic. @WorldBank is ready to work with everyone - govts, #UN agencies, regional organizations - to strengthen health systems & improve emergency management capacity. Time to act is now! #UNGA78
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Anna Bjerde, Managing Director of Operations
Always good to catch up with my friend @UNICEFChief and discuss how to support women and children around the world. Our recent @UNICEF - @WorldBank report on child poverty is alarming – we urge world leaders at #UNGA to recommit to a better future for every child.
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Svenja Schulze, Federal Minister for Economic Cooperation and Development of Germany
While meeting Ajay Banga from the @WorldBank , I reaffirmed Germanys committment to reform the World Bank. We need a focus on global public goods and investments in climate protection, biodiversity conservation and pandemic prevention to further the #agenda2030. #SDGSummit
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Ngozi Okonjo-Iweala, Director General of the World Trade Organization
In New York at the Financing for Development Summit. Talking about the important role of Trade Finance in generating export earnings to help finance development. Also pointing to significant trade finance gaps, and the important role of repurposing $22 billion in harmful fisheries subsidies, over $600 billion in trade distorting agricultural subsidies, and over $1 trillion in fossil fuel subsidies. With @antonioguterres , @UN_PGA , @KGeorgieva & Ajay Bhanga @WorldBank
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Kristalina Georgieva, IMF Managing Director
Global cooperation is more important than ever and international institutions have a key role to play. Very pleased to work  with #WorldBank Ajay Banga and #wto #NOIweala  to support our members in these challenging times. #UNGA78
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Tuesday, September 19

World Bank
“Calls for international reform of the financial system really are not just about governance, but they are for us about longer money, cheaper money, & being able to use it...to reduce...inequalities &...achieve the SDGs.” @miaamormottley at #UNGA #SDGSummit
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United States President Joe Biden
We've taken steps to reform and scale up the World Bank, expanding its financing to low-middle income countries so it can help boost progress to meeting the SDGs & better address interconnected challenges like climate change & fragility. - @POTUS at #UNGA 
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William Samoei Ruto, President of The Republic of Kenya.
Held talks with the President of the @WorldBank Ajay Banga on the sidelines of the ongoing United Nations General Assembly in New York, United States.
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The Royal Hashemite Court, Jordan
His Majesty King Abdullah II, accompanied by His Royal Highness Crown Prince Al Hussein, meets World Bank Group President Ajay Banga, on the sidelines of the 78th Session of the UN General Assembly #Jordan #UNGA
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Clinton Global Initiative
@WorldBank President Ajay Banga shares his 5-point playbook for progress: prioritizing our people, our prosperity, our planet, physical infrastructure, and digital. #CGI2023
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The Islamic Development Bank
#IsDB President, H.E. Dr. Muhammad Al Jasser, and @WorldBank President, Ajay Banga met on the sidelines of the #78UNGA in #NYCity. They agreed to strengthen existing cooperation and explore new initiatives to promote joint development projects in common member countries.
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Monday, September 18

World Bank
At this halfway point to the #SDGs, the world needs to raise its ambition & double down efforts to deliver results to people.⁠ #UNGA #SDGAtlas
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“The vision of the Bank will be to end poverty on a livable planet." President Ajay Banga at #UNGA's 2023 #SDGSummit.
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“I’m focused on making sure that we are acting on 5 dimensions: ➡️People, Prosperity , Planet, Physical & Digital infrastructure, Progress: Measure output, not input" Watch Ajay at #UNGA's 2023 #SDGSummit
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Senior Managing Director @AxelVT_WB "on the need to act quickly and with urgency" on the #SDGs. Follow him as he joins #UNGA events this week.
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M U M Ali Sabry, Minister of Foreign Affairs - Sri Lanka
A good meeting between President @RW_UNP and @WorldBank President Ajay Banga at #UNHQ. Encouraging to note the commitment on the part of the World Bank to assist #SriLanka in its development goals.
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Axel van Trotsenburg, Managing Director of Operations.
Appreciated the opportunity to meet w/ @miaamormottley on the sidelines of #SDGSummit & talk about the devastating impact of multiple crises on countries, the urgency to act, and how @WorldBank reform efforts can help the Bank deliver better to improve people’s lives. #UNGA78
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Sunday, September 17

Axel van Trotsenburg, Managing Director of Operations
Today, about 800 million people are still going hungry and about over 250 million people suffer extreme food insecurity. Are we champions at talking or acting?
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Anna Bjerde, Managing Director of Operations
We are at a time where the world needs us to refocus, raise our ambition & deliver results to people to turn around the SDGs – the @WorldBank is adapting to do more.
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In Chad and many other places, fragility is eroding development gains with tragic consequences for millions. Prevention, Resilience & Remaining Engaged are the 3 pillars of our @WorldBank strategy to respond to and address fragility. The cost of inaction is too high. #UNGA
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