The World Bank Group Business Opportunities Fair ran from the 28-31st of October 2019. The World Bank is an international finance institution that provides support to projects helping to end extreme poverty and fosters income growth for the bottom 40% of each country. It does this by providing loans and grants to governments of poorer countries for the purpose of pursuing capital projects. The World Bank currently invests $10bn and has plans to greatly increase this to $100bn in the coming years.
The North of England was well represented at the event with an informal delegation of British companies including consultancies, engineering procurement and construction companies power equipment suppliers such as Clarke Energy.
The UK is one of the top 3 largest donor countries to the World Bank, however it's clear that UK consultancies could perform better in securing funds from the World bank to deliver projects in the developing world. Currently the UK is not in the list of the World Bank's top ten countries for securing funds for consultancy. There are massive opportunities for consultancy with the World Bank with "over 80,000 opportunities" currently listed.
From a sustainable energy perspective the bank is actively supporting renewable energy projects, energy storage and gas fuelled grid balancing or gas based energy efficiency projects.
For more information on the World Bank there are comprehensive guides to their services on the World Bank website.
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