Shanghai – China’s most populous city and commercial hub – has been in a strict lockdown for about a month. Residents are only allowed to leave their homes in a few parts of the city.

And while the port has been in operation, many exports are not leaving Shanghai because port workers and truck drivers, who transport the goods to and from the port are also affected by the lockdown.

Right now, around a third of the 1,800 container ships stuck in the world, are in or around Shanghai. The city’s hard lockdock is affecting global supply chains. Many companies, which produce in China, haven’t been getting their goods and parts for nearly three weeks. It takes between 5 and 8 weeks for these container ships to make it from China to Germany so businesses here and elsewhere in Europe, are just starting to feel the problems.

Meanwhile there’s a plan underway to isolate dock workers, in an attempt to keep the Shanghai port operational.

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Donald Trump says if he’s re-elected president he would end the Ukraine war in “one day” because he “got along very well” with the Russians.

The World Bank Group has focused on scaling up its engagement in situations of fragility, conflict, and violence (FCV). The disturbing trend of rising and compounding crises points to an urgent need for the international community to come together and develop new and innovative approaches to support countries facing conflict and fragility. By 2030, up to two-thirds of the world’s extreme poor could live in FCV settings, so without addressing the challenges in these economies, we will not succeed in our mission to eradicate extreme poverty and boost shared prosperity. This timely event will provide a platform to discuss how to stay engaged during times of crisis and meet the challenges in new and innovative ways, along with our partners. More information: http://wrld.bg/k3fw50Iwyg7 #WBGIMFmeetings

��️ Speakers:
– David R. Malpass, President of the World Bank Group
– Maeen Abdulmalik Saeed, Prime Minister, Yemen
– Axel van Trotsenburg, Managing Director of Operations, World Bank
– Catherine Russell, Executive Director, UNICEF
– Svenja Schulze, Federal Minister for Economic Cooperation and Development, Germany
– Hervé Ndoba, Minister of Finance and Budget, Central African Republic
– Raouf Mazou, Assistant High Commissioner for Refugees (Operations), UNHCR
– Alejandra Botero, Director General, Department of Planning, Colombia
– Ion Gumene, State Secretary, Ministry of Finance, Moldova
– Makhtar Diop, Managing Director, IFC
– Donald Kaberuka, Chairman and Managing Partner, SouthBridge
– Mary Nazzal-Batayneh, Founder of Landmark Hotels & 17 Ventures
– Victor Ochen, Founder and Executive Director, African Youth Initiative Network (AYINET)
– Soukeyna Kane, Director, Fragility, Conflict and Violence Group, World Bank
– Aisha Williams, Director for Blended Finance and Corporate Strategy, IFC

�� Agenda
00:00 Welcome! WBG Spring Meetings 2022 | Rising Fragility
02:41 Opening remarks by David Malpass, WBG President
09:37 Data in focus: The challenge of poverty in FCV settings
11:13 The case of Yemen: Crises, challenges, and solutions
19:12 Supporting fragile communities: immediate aid and long-term resilience
36:58 Inspiring voices in the face of adversity: African Youth Initiative Network
39:59 Refugee crisis and how to respond effectively
59:54 Solar power to light up classrooms and futures in the West Bank
1:01:37 How the private sector can play an essential role
1:24:02 Social media conversation and poll results
1:27:43 Live Q &A: How we can help the most vulnerable
1:40:01 Closure | Thanks for watching the WBG Spring Meetings 2022

�� Closed captions and video interpretations in:
– ARABIC https://youtu.be/P04-3ZC7dVM
– FRENCH https://youtu.be/rV2-FHDmZrs
– SPANISH https://youtu.be/2lV8EZCGjoU

ℹ️ ABOUT WBG SPRING MEETINGS 2022: Preparing for future crises and strengthening international cooperation are essential to deliver a resilient recovery and a better future for those most in need. At these Spring Meetings, the World Bank Group will convene leaders, experts and activists to discuss the impact of these global shocks on the most vulnerable communities. https://live.worldbank.org/JoinUs

ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org

Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets “under surveillance” as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio.
Wall Street is reeling from the collapse of Silicon Valley Bank.

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