world bank research project

World Bank Project Cycle

The project cycle is the framework used by the World Bank (‘the Bank’) to design, prepare, implement, and supervise projects. In practice, the Bank and the Borrower work closely throughout the project cycle, although they have different roles and responsibilities.

The World Bank project cycle includes six-stages:

• Identification
• Preparation
• Negotiation/approval
• Implementation
• Completion/validation and evaluation

Below is an outline of the six stages, the key documents produced during the various stages, and links to access them.

1. Identification

The task of identifying and proposing projects for World Bank financing lies mainly with the Borrower. The Borrower and the World Bank Group (WBG) produce a  Country Partnership Framework (CPF)  to identify the country’s main priorities for ending extreme poverty and promoting shared prosperity. Used in conjunction with a  Systematic Country Diagnostic (SCD),  the CPF is a key tool that guides the WBG’s partnership and support for a Borrower’s development program. For further information, click on the WBG Directive and Guidance .

Once a project is identified, the Borrower and the Bank agree on an initial project concept and its beneficiaries, and the Bank's project team outlines the basic elements in a  Project Concept Note . This document identifies proposed objectives, risks to these objectives’ achievement, alternative scenarios, and a likely timetable for the project preparation process. Two Bank documents are prepared and disclosed to the public during this phase. The Project Information Document  which outlines the scope of the intended project and the Environmental and Social Review Summary (ESRS) for investment projects starting in October 2018 that apply the Environmental and Social Framework (ESF). For investment projects under the previous Safeguard Policies, an Integrated Safeguards Data Sheet  is made available to the public. The transition from the Safeguard Policies to the ESF will take several years, as projects approved under the Safeguard Policies continue to apply those policies through the end of the Project cycle.

• Project Information Document
• Environmental and Social Review Summary
• Integrated Safeguards Data Sheet

2. Preparation

The borrower is responsible for the project preparation phase, which includes conducting technical, economic, social and environmental assessments and preparing feasibility studies, engineering and technical designs, among others. Most Borrowers typically contract with consultants and private sector firms for goods, works and services, as needed, during this phase and later during the project's implementation phase. During preparation, the Borrower and the Bank team also give attention to other important concerns including citizen engagement, gender, climate change, fraud and corruption, and grievance redress mechanisms.  Beneficiaries and stakeholders are also consulted during this phase to ensure the project considers their needs.

In addition to providing financing, the World Bank serves as a vehicle for global knowledge transfer and technical assistance and generally takes an advisory role and offers analysis and advice during this phase. The Bank team supports the Borrower in developing the project design, identifying implementation arrangements, and conducting various reviews and studies.  The Bank assesses the relevant capacity of the implementing agencies at this point to reach agreement with the Borrower on arrangements for overall project management, such as the systems required for financial management, procurement, environmental and social risk management, reporting, and monitoring and evaluation.

Earlier screening by Bank staff may have determined that a proposed project could have potential adverse environmental or social impacts. For new IPF projects, the Bank currently applies the Environmental and Social Framework (ESF) . The ESF sets out the World Bank’s commitment to sustainable development through a Bank Policy and a set of Environmental and Social Standards that are designed to support Borrowers’ to better manage environmental and social (E&S) risks. It uses an up-to-date and risk-based approach, addresses a wider range of environmental and social risks and potential impacts and better integrates the Bank’s Environmental and Social policies. The ESF clearly defines the role of the World Bank versus the Borrower, whereby the Bank applies due diligence to the project under the Environmental and Social Policy (ESP) and the Borrower follows the requirements of the ten Environmental and Social Standards (ESS1-10). Development Policy and Program-for-Results financing do not apply the ESF and have their own provisions for environmental and social risk management.

• Environmental Assessment
• Environmental Action Plan
• Indigenous Peoples Plan
• Procurement Plan

3. Appraisal

Appraisal gives the Borrower an opportunity to review the project design in detail and resolve any outstanding questions. The Borrower and the Bank review the work done during the identification and preparation phases and confirm the expected project outcomes, intended beneficiaries, application of ESF requirements (for IPF) and evaluation tools for monitoring progress. Agreement is reached on the viability of all aspects of the project at this time. The Bank team confirms that all aspects of the project are consistent with all World Bank operations requirements, assesses the project’s readiness for implementation, and that the Borrower has institutional arrangements in place to implement the project efficiently. All parties agree on a project timetable and on public disclosure of key documents and identify any unfinished business required for final Bank approval. The Project Information Document and Environmental and Social Review Summary (for IPF) are updated and disclosed during this phase.

4. Negotiation/Approval

Once all project details are negotiated and accepted by the Borrower and the Bank, the Bank team finalizes the  Project Appraisal Document  (for IPF ), the Program Appraisal Document (for PforR ) or the  Program Document  (for DPF ), along with other financial and legal documents, for submission to the Bank's Board of Executive Directors for consideration and approval.

• Project Appraisal Document
• Program Document
• Loan Agreements

5. Implementation

Project implementation is the responsibility of the Borrower, while the Bank’s role is to provide effective implementation support to improve results, help manage risks, and increase institutional development. With technical assistance and support from the Bank, the Borrower prepares the specifications for the project and carries out all procurement of goods, works and services needed, as well as any environmental and social impact mitigation set out in agreed plans, including those described in the Environmental and Social Commitment Plan (ESCP).  Financial management  and  procurement  specialists on the Bank's project team ensure that adequate fiduciary controls on the use of project funds are in place. Changing circumstances, project delays and unexpected events can sometimes require adjustments to the project design, such as implementation arrangements or even objectives, resulting in a restructuring.  

The implementing agency reports regularly on project progress and results. The Borrower and the Bank also join forces at least twice a year to prepare a review of project progress. Based on this review, the Bank team prepares an Implementation Status and Results Report.

• Implementation Status and Results Report

6. Completion/Validation & Evaluation

When a project is completed and closed at the end of the loan disbursement period, the World Bank, with input from the Borrower and other stakeholders, compiles an  Implementation Completion and Results Report, which evaluates the project’s outcomes; challenges, and lessons learned to determine what additional measures are needed to sustain the benefits derived from the project. In addition, the evaluation team assesses how well the entire operation complied with the Bank's operations policies and accounts for the use of Bank resources.

• Implementation Completion and Results Report

Validation and Evaluation

The Independent Evaluation Group (IEG) evaluates the development effectiveness of the World Bank Group. IEG is independent of the Management of the World Bank Group and reports directly to the Executive Board. IEG conducts different types of evaluation, validation, and synthesis exercises.  At the project cycle level, IEG validates 100% of the self-evaluations that WB operational teams conduct upon project completion. In addition, IEG conducts strategically selected project-level evaluations through  Project Performance Assessment Reports . Learn more about how evaluation is conducted at the World Bank by reviewing the World Bank Group Evaluation Principles.

Some project and bidding documents are made available to public.

• Project Performance Assessment Reports
• Projects and Operations
• Documents and Reports

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Series - Research projects

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• Records of the Water Sector
• Research projects

Identity area

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• 1978 - 1984 (Creation)

Level of description

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2.35 linear feet of textual records

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This series primarily contains records documenting the findings and results of the World Bank's (Bank) two-year research project in 1976 - 1978 on "Appropriate Technology for Water Supply and Waste Disposal in Developing Countries." This project guided the United Nations Development Programme (UNDP) and the Bank to address the importance of low-cost water and sanitation systems in achieving inclusive access to clean water and adequate sanitation for everyone, especially in developing economies. It includesa series of publications in various record types: manuals, guides, reports, working documents, technical papers, summaries, case studies, and questionnaires.

This research project stemmed from years of informal and formal arrangements in the 1960s and 1970s between the Bank and the international development community (e.g., World Health Organization-WHO) to address ongoing water and waste management issues, particularly in Bank member countries' rural and urban communities. During this time, the Bank was also expanding and redirecting its investments to urbanization projects, particularly in water supply and sewerage initiatives, as emphasized by President Robert McNamara in his address to the Board of Governors in October 1976.

The research project focused on obtaining the perspectives of community members with the following factors and/or activities in mind: evaluation of varying constraints (e.g., environmental, public health, demand, institutional, cultural, social, and financial); sanitation, reclamation, composting technologies; low-cost and/or alternative technological solutions for water and sanitation development; resource availability; and project beneficiaries. The geographical area of focus was concentrated in Latin America, Africa, and the Caribbean.

The project resulted in a series of publications entitled "World Bank Studies in Water Supply and Sanitation" and related monographs, entitled "Appropriate Technology for Water Supply and Sanitation (ATWSS)," published between the early to mid-1980s. They aimed to guide and provide recommendations to project engineers, scientists, technicians, and field workers involved with water-related projects. Key authors include but are not limited to John M. Kalbermatten, David C. Jones, DeAnne S. Julius, Charles G. Gunnerson, and D. Duncan Mara.

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Records in this series are arranged mainly by volume number and year of publication.

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See Records of the Water Sector - Partnerships and program collaboration ( WB IBRD/IDA WAT-02 ), Training material ( WB IBRD/IDA WAT-03 ), and Governance, management and oversight ( WB IBRD/IDA WAT-04 ) for related information about the UNDP-World Bank Water and Sanitation Program's water sector initiatives.

See the World Bank Group's Documents and Reports repository for research reports and other papers produced by water sector units and staff.

See Central Files - Operational sectors ( WB IBRD/IDA ADMCF-07 ) for records related to research and studies that were maintained in the Bank's centralized filing system from the time of the establishment of theWater Supply Division (PRJWS) in 1965 until recordkeeping was decentralized in 1987.

See Records of the Chief Economist - Records of the Office of the Vice President, Development Economics and Chief Economist and later Senior Vice President, Development Economics and Chief Economist (DECVP) - Research Project Files Maintained in the Office of the Vice President, Development Policy (VPD) and the Office of the Vice President, Economics and Research (VPERS) ( WB IBRD/IDA DEC-03-75 ) for records of the hub unit for Bank research.

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• See this publication for information about the World Bank's two-year research project between 1976 and 1978 on "Appropriate Technology for Water Supply and Waste Disposal in Developing Countries:" Water and sanitation publications

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19 October 2022

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What's in the World Bank's $226 billion project pipeline?

The World Bank has 206 new pipelined projects amounting to $226 billion. Devex looked into the data to see how much the Bank has committed to these projects and where these projects will be taking place.

The process of getting a World Bank  project to completion involves a lot of steps before legal agreements are signed and a delivery agent is approved.

Currently, the bank has 408 projects in its portfolio that are in these early pipeline stages, awaiting final approval. These projects, according to the data available, have a cumulative project cost of $287.7 billion.

Of these projects, 202 have been in the pipeline for over a year and were included in an analysis conducted by Devex last year. Another 206 new projects have been added to the pipeline in the last 12 months. Some 158 of these new projects do not have any indicated project cost, but those that do are worth almost $226 billion.

This story is for Devex Pro members

Unlock this story now with a 15-day free trial of Devex Pro .

With a Devex Pro subscription you'll get access to deeper analysis and exclusive insights from our reporters and analysts.

More reading:

► The World Bank and its institutions: A primer

► The World Bank's top 10 contractors in 2024

► World Bank overhauls guarantee business to woo private investors

• Banking & Finance
• Project Management
• Infrastructure
• World Bank Group

About the author

Alecsondra Kieren Si

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World Development Report 2024

The Knowledge Compact for Action

About the Collection

The Documents & Reports (D&R) site is an official disclosure mechanism for the World Bank Group’s final reports. The repository contains official documents and reports which are made available to the public in accordance with the Bank’s Access to Information Policy to better share the institution's knowledge base. The D&R site contains final and official documents and reports from 1946 through the present, including: 

Board Documents (items concerning meetings of the Executive Directors);  

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If you still can't find what you're looking for, please contact us [ [email protected] ].

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Yale Economic Growth Center

New research from EGC's Gender and Growth Gaps project featured in the 2024 World Development Report

August 2, 2024: The World Bank’s 2024 World Development Report – focusing on the "Middle-Income Trap" – features research by EGC's Gender and Growth Gaps project: a new Global Gender Distortions Index which quantifies the economic growth potential from closing gender gaps in the labor market.

EGC Gender and Growth Gaps Research Featured in World Bank’s 2024 World Development Report

By Adam Walker August 2, 2024

The 2024 WDR focuses on the "Middle-Income Trap", a situation where growth slows when countries hit middle-income levels, and the leap to high-income status requires entirely new levers for economic transformation. 

It featured the Global Gender Distortions Index, which EGC researchers are developing under the Gender and Growth Gaps project to measure economic growth losses due to gender gaps in the labor market. The GGDI links gender gap changes to productivity growth by improving the allocation of women’s talent, quantifying how much a country's GDP could grow from better women's labor market opportunities. The index considers labor demand distortions, which create wage and productivity discrepancies, and occupational preferences influenced by social norms. Using wage, labor supply, and employment differences, the GGDI estimates productivity losses or gains, allowing cross-time and location comparisons to inform policy decisions.

"Integrating women into the labor market is widely believed to be beneficial not only for women but for the entire economy," explained Pinelopi Koujianou Goldberg , the Elihu Professor of Economics and Global Affairs and Professor of Management, and member of the Gender and Growth Gaps program faculty. "The GGDI operationalizes this idea. It is the product of a successful collaboration between Yale’s Economic Growth Center and the World Bank, and we hope that it will help guide policy decisions – especially in developing countries where gender gaps in the labor market remain significant."

The GGDI will be computed for 30 countries over the next 24 months, serving as a dynamic economic barometer. 

Read more and download the 2024 WDR at the World Bank's website .

• Gender and Growth Gaps Project
• Gender and Growth Gaps in India - Research and Policy Dialogue 2024
• Download the 2024 WDR
• Download WDR Box 5.3 on the Global Gender Distortions Index
• Goldberg et al., 2024

Investors Support Amazon Reforestation Through Record Breaking USD 225 Million World Bank Outcome Bond

Increasing number of private investors support outcome bonds which link financial return to measurable and impactful development outcomes

WASHINGTON, August 13, 2024 — The World Bank (International Bank for Reconstruction and Development, IBRD) today priced a 9-year USD 225 million, principal-protected Amazon Reforestation-Linked Bond. The largest World Bank outcome bond ever priced provides investors with a coupon that includes a fixed guaranteed component and a variable component linked to the generation of Carbon Removal Units (CRUs) from reforestation projects in the Amazon rainforest regions of Brazil.  It is the first bond linking investors’ financial return to the removal of carbon from the atmosphere, differing from past transactions linked to the sale of carbon credits from avoided emissions.  

Through the transaction, approximately USD 36 million of capital is mobilized to support the reforestation activities of Mombak, a Brazilian based company.  The company uses these funds to acquire or enter into partnerships with landowners in the Amazon rainforest to reforest the land with native tree species. In addition to removing carbon, the reforestation enhances biodiversity and fosters socioeconomic development in local communities. The innovative use of CRUs in this outcome bond structure introduces a new model for mobilizing private capital to support reforestation finance.

“A variety of partners and financing tools are needed to support the Amazon and help the people there pursue better livelihoods, protect its incredible biodiversity, and safeguard its global role in mitigating climate change,” said Jorge Familiar, Vice President and Treasurer, World Bank .   “As demonstrated by the historic level of participation in today’s transaction, private investors are eager to connect their financial return to positive development outcomes in the Amazon region. With this largest ever outcome bond we continue to be encouraged by the growing interest in the structure as well as the expanded list of sectors supported.”  

The bond is 100% principal protected with the USD 225 million proceeds used to support the World Bank’s sustainable development activities globally. Investors in the bond will forego a portion of the ordinary coupon payments, with the equivalent amounts instead being provided, through a hedge transaction with HSBC, to support the financing of the Mombak projects. The Mombak reforestation projects align to the World Bank’s priorities in the Amazon and are not financed by IBRD lending. The generated CRUs will be purchased through an offtake agreement by a CRU off-taker. A portion of the revenue generated from this sale will be paid to bondholders in the form of CRU Linked Interest, in addition to the minimum guaranteed coupon the World Bank will pay investors. The bond offers investors a potential financial benefit compared to regular World Bank bonds of similar maturity if the projects and monetization of high-quality CRUs are generated as expected.

“We are pleased to work alongside the World Bank on this innovative bond which aims to support the reforestation of thousands of hectares of the Brazilian Amazon rainforest. We are committed to helping our clients fund sustainable development projects that make a difference in the climate challenge.  It was a privilege for HSBC to structure the transaction and act as sole lead manager on the World Bank’s largest-ever outcome bond issuance to-date,” said Greg Guyett, CEO of Global Banking & Markets, HSBC.

“We are excited to be the largest investor in the World Bank’s innovative transaction that provides attractive relative valuation through the deployment of capital to reforestation projects within the Amazonian rainforest in a template-like structure. The removal of carbon from the atmosphere through the generation of Carbon Removal Units that will be subject to ongoing verification by an independent third party, enhanced biodiversity and socioeconomic development in local communities align with our focus on investing in securities that have a direct and measurable social and/or environmental impact,” said Stephen M. Liberatore, CFA, Senior Managing Director/Head of ESG/Impact – Global Fixed Income, Nuveen.

"T Rowe Price is very proud to be a lead investor in the World Bank’s pioneering Amazon Reforestation-Linked Outcome Bond. This innovative, outcomes-based transaction offers a unique combination of attractive financial return potential alongside material and measurable positive impact. We believe this bond will help deliver additionality through removing carbon, improving biodiversity, and supporting job creation,” said Matt Lawton, CFA, Global Impact Credit Portfolio Manager, T Rowe Price.

"Mackenzie Investments is proud to partner with the World Bank by investing in the USD 225 million Amazon Reforestation-Linked Outcome Bond.  This transaction, in partnership with Mombak, offers a landmark opportunity in nature positive investment while supporting land stewardship principles. We believe the bond’s unique structure will prove to be both a strong investment and a catalyst for further innovation in the sustainable fixed income market," said Hadiza Djataou, Vice President, Portfolio Manager, Fixed Income, Mackenzie Investments.

“We are delighted to be an initial investor in the World Bank Amazon Reforestation-Linked Outcome Bond and support an innovative transaction, that will provide funding to reforestation efforts in the Brazilian Amazon – a globally crucial region. We believe this particular bond offers both the exciting prospect of measurable environmental impact, and potentially attractive financial returns for our Ethical and Global Sustainability bond funds,” said Stuart Chilvers, co-fund manager of the Rathbone Greenbank Global Sustainability Bond Fund and portfolio manager for Rathbone Ethical Bond Fund.

“Velliv is very pleased to participate in the Amazon Reforestation-Linked Bond. This impact investment goes very well hand in hand with both the carbon-reduction, social and biodiversity priorities of Velliv. Velliv is pleased the transaction has identified Mombak to carry out the groundwork and succeed with this important objective,” said Thor Schultz Christensen, Deputy Chief Investment Officer, Velliv Pension.

Transaction Summary

Investor Relations and Sustainable Finance World Bank Treasury [email protected]

About World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization. Created in 1944, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 nations. The World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and other creditworthy countries to support the Sustainable Development Goals and to end extreme poverty and promote shared prosperity. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing sustainable development bonds in the international capital markets for over 70 years to fund programs and activities that achieve a positive impact. More information on World Bank bonds is available at www.worldbank.org/debtsecurities.

World Bank bonds support the financing of programs that further the Sustainable Development Goals (SDGs). World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association and as such support the financing of a combination of green and social, i.e., “sustainable development” projects, programs and activities in IBRD member countries as described in the World Bank Sustainable Development Bond Framework .

Disclaimers

Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any particular World Bank projects or programs.

This press release is not an offer for sale of securities of the International Bank for Reconstruction and Development ("IBRD"), also known in the capital markets as "World Bank". Any offering of World Bank securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by the World Bank or on behalf of the World Bank, and is subject to restrictions under the laws of several countries. World Bank securities may not be offered or sold except in compliance with all such laws. The World Bank Sustainable Development Bond Framework, the World Bank’s Sustainable Development Bond Impact Report, and the information set forth therein are not a part of, or incorporated by reference into, the offering documentation.

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International Finance Corporation (IFC) - a member of the World Bank Group - is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed US$56.1 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org .

IFC is implementing a flagship project, Advancing Women’s Employment in Bangladesh, to support private sector companies to better recruit, retain, and promote women employees, and address gender-specific barriers that limit women’s equal participation in the economy. As a part of this project, IFC aims to generate local evidence, build the knowledge base, and develop the business case on the intersection of gender, climate, and the green economy by focusing on women’s opportunities in the value chain (as employees, leaders, and entrepreneurs) in the context of private sector in Bangladesh.

• 90 - CONTRACT CONSULTANTS
• BD - Bangladesh
• Energy and Extractives: Renewable Energy Solar
• Industry, Trade and Services: Agricultural Markets, Commercialization and Agri-business
• Industry, Trade and Services: Manufacturing
• 90.40 - FIRMS FOR OPERATIONAL PROJECTS

SELECTION OF CONSULTING FIRMS BY THE WORLD BANK GROUP

REQUEST FOR EXPRESSION OF INTEREST (EOI)

Electronic Submissions through WBGeProcure RFx Now

ASSIGNMENT OVERVIEW

Assignment Title: Gender-Smart Climate Diagnostic: Business Case Research on the Gender x Climate Nexus in Bangladesh

Assignment Countries:

ASSIGNMENT DESCRIPTION

International Finance Corporation (IFC) - a member  of the World Bank Group -is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024,IFC committed US$56.1 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org .

IFC is implementing a flagship project, Advancing Women’s Employment in Bangladesh, to support private sector companies to better recruit,  retain, and promote  women employees, and address gender-specific barriers that limit women’s equal participation in the economy. As a part of this project, IFC aims to generate local evidence, build the knowledge base, and develop the business case on the intersection of gender, climate, and the green economy by focusing on women’s opportunities in the value chain (as employees, leaders, and entrepreneurs) in the context of private sector in Bangladesh - by conducting the   Gender-Smart Climate Diagnostic (GSCD) business case research in Bangladesh. The GSCD research aims to demonstrate a business case for advancing opportunities for women in Bangladesh’s green economy and encourage private sector stakeholders to support, implement and finance gender-smart climate action.  It will focus on opportunities for women in the value chain (as employees, leaders, and entrepreneurs) in two or more sectors with high climate investment potential in Bangladesh, such as renewable energy, agribusiness, hard to abate sectors such as construction and industrial manufacturing. It seeks to create linkages between addressing gender gaps in the country, its climate investment ambitions, and its just transition energy pathway - building on the long-term recommendations outlined in Bangladesh’s national gender and climate priorities. IFC is seeking a qualified consulting/research firm experienced in mixed methods approach to conduct the Gender-Smart Climate Diagnostic.  The consultant firm and/or associated experts will be responsible for end-to-end delivery of the business case research/diagnostic and all its deliverables including mapping participating organizations and stakeholders, finalizing research approach and methodology, developing research instruments, conducting desk and primary research, data collection and conducting stakeholder interactions, data analysis and draft findings, drafting of the opportunity notes (including overall opportunity note, executive summary, notes by sector), case study/addendum to the technical guidance note, and materials for trainings/workshops.

IFC will provide strategic, directional, quality control, knowledge/technical, editorial and communications inputs for the business case research/diagnostic and all its associated deliverables including the research design, research findings and reports and materials. IFC will review and approve all deliverables. IFC will approve list of businesses/individual stakeholders selected for primary research activities.

Please refer to the Draft ToR for further detail including scope of work, research approach, deliverables and timelines.

FUNDING SOURCE

The World Bank Group intends to finance the assignment / services described below under the following:

• BB: Bank Budget
• TF0B6016: IFC

ELIGIBILITY

Both international and local firms are encouraged to apply. Mix of international and local experience preferred, either through association of international and local firm(s), or team/expert composition.

Diverse team with women in senior research role(s) are encouraged to apply.

Please refer to the Draft ToR  for further detail on eligibility/selection criteria.

SUBMISSION REQUIREMENTS

The World Bank Group invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Firms may associate to enhance their qualifications unless otherwise stated in the solicitation documents. Where a group of firms associate to submit an EOI, they must indicate which is the lead firm. If shortlisted, the firm identified in the EOI as the lead firm will be invited to the request for proposal (RFP) phase.

Expressions of Interest should be submitted, in English, electronically through WBGeProcure RFx Now

Following this invitation for EOI, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.

Only those firms which have been shortlisted will be invited to participate in the RFP phase. No notification or debrief will be provided to firms which have not been shortlisted.

If you encounter technical difficulties while uploading documents, please send an e-mail to the Help Desk at corporateprocurement@worldbank.org prior to the submission deadline.

Carbon Capture:

World’s First Carbon Removal Bond to Fund Amazon Reforestation

• World Bank priced its largest outcome bond for reforestation
• Microsoft to buy carbon removal units generated from projects

A new kind of bond is trying to save the Amazon rainforest by linking investors’ financial returns to the amount of carbon removed from the atmosphere.

The World Bank sold a nine-year, $225 million note Bloomberg Terminal this week which will help raise funds for reforestation in the Amazon. Unlike prior bonds, buyers’ returns will be linked to the climate impact of the new trees, rather than to the avoidance of emissions through curbing deforestation.