David Malpass at the World Water Forum

PLUS: Joint statement from heads of International Financial Institutions with programs in Ukraine and neighboring countries. If you're having trouble reading this message, [click here]( [The World Bank logo]( [Photo credit: Shutterstock]( [David Malpass and Macky Sall on the need to achieve a water-secure world]( For every $1 invested in basic drinking water, there are $3 in returns, and even higher figures for water investments in rural areas. Water is important for production, with farming accounting for 23 percent of GDP in sub-Saharan Africa. Furthermore, 90 percent of climate events are water related, so better water management is key for adaptation and resilience. Despite the proven benefits of investing in water for development, water security – the availability of sufficient water – is far from being realized in many countries. Learn more in this joint blog by World Bank Group President David Malpass and President of Senegal Macky Sall. [REMARKS BY DAVID MALPASS]( Editor's Pick [The global economic ripples of the war in Ukraine]( [Joint statement of heads of International Financial Institutions with programs in Ukraine and neighboring countries]( On March 17, the the heads of the EBRD, EIB, CEB, IMF, and WBG met to discuss the impacts of the ongoing war in Ukraine on the global economy. Their collective response states they “are horrified and deeply concerned about the Russian invasion of Ukraine and the ensuing crisis,” and “acknowledge the importance of working together to coordinate our respective responses to support Ukraine and neighbors on the financing and policy fronts and maximize impact on the ground.” [THE WORLD BANK GROUP AND UKRAINE]( [Groundwater may be hidden, but the secret to its sustainability is not]( [Groundwater may be hidden, but the secret to its sustainability is not]( While groundwater is arguably the most important source of water on the planet, accounting for 97 percent of all freshwater on earth, the fact of its being hidden from view creates a cascade of challenges for its sustainable use and protection. The result is that groundwater quality management is almost universally neglected until the human and economic costs become too obvious to ignore. [THE WORLD BANK & WATER]( Blog [International law books on a table and blurred bookshelves background with a judge's gavel , judicial and law system conceptual vector illustration. Credit: Zentangle/Shutterstock]( [Leading innovation in investment dispute resolution]( On March 21, 2022, member states of the International Centre for the Settlement of Investment Disputes (ICSID) approved a comprehensive set of amendments to ICSID’s rules. These amendments represent a significant advance for ICSID—and for international dispute resolution more broadly. ICSID is the only multilateral institution that is dedicated to resolving disputes between foreign investors and host states and is woven into the fabric of international investment law as the go-to dispute resolution mechanism in international treaties, contracts, and foreign investment laws. Find out more about the importance of these amendments. [LEARN MORE ABOUT ICSID]( Podcasts [Development Podcast: Obstacles to women’s economic empowerment]( [Development Podcast: Obstacles to women’s economic empowerment]( Around the world 178 countries either have laws that hinder women’s economic inclusion, or lack laws that foster it. That translates to 2.4 billion women of working age who don’t have equal economic opportunities as men. And while the number of countries that score well in the World Bank’s Women, Business, and the Law research has risen, on average women globally have just three-quarters of the legal rights of men. What are the obstacles to achieving economic inclusion for women? And where is progress being made? The World Bank’s Tea Trumbic joins the Development Podcast with the latest. [MORE PODCASTS]( [Decarbonized shipping—Reducing the dependence on fossil fuels]( [Tell Me How Podcast: Decarbonized shipping—Reducing the dependence on fossil fuels]( In this episode, the infrastructure team discusses potential zero carbon bunker fuels for shipping, their development implications, the investments and regulatory incentives that may be needed. [VIEW ALL EPISODES]( In The News [World Bank Group President David Malpass to Visit Morocco]( [World Bank Group Attains EDGE Move Certification for Gender Equality]( Jobs [Financial Management /Governance Specialist (Uganda)]( [Economist (Washington, DC)]( Data Viz How data from the International Comparison Program help monitor progress towards the SDGs Purchasing Power Parity and the Sustainable Development Goals [Purchasing Power Parity and the Sustainable Development Goals]( At the recent 53rd session of the United Nations Statistical Commission (UNSC), the Chief Statisticians of national statistical offices (NSOs) highlighted the importance of purchasing power parities (PPPs) and other International Comparison Program (ICP) results in analyzing the global economy. They also noted countries’ progress in incorporating the ICP data collection and compilation into the day-to-day work of NSOs. The ICP’s important contribution to monitoring progress towards the Sustainable Development Goals (SDGs) was also recognized. This blog explains how PPPs and ICP data, and the indicators they enable, help countries track their progress towards the UN’s 2030 Agenda [MORE DATA BLOGS]( Connect with us on social media! Accredited journalists may obtain advance access to reports and information by registering with the Bank's [Online Media Briefing Center]( a password-protected site for working journalists. Material in this newsletter is copyrighted. Requests to reproduce it, in whole or in part, should be addressed to pubrights@worldbank.org For more information visit our website: [worldbank.org](. [Access to Information]( [Other Bank Newsletters]( | [Privacy Policy]( [Unsubscribe from this list]( | [Update subscription preferences](