The World Bank in Asia: An assessment of COVID-19-related investments through a care lens. Care-responsive investments and development finance

Overview

International financial institutions (IFIs) have been playing a vital role in the response to  the COVID-19 pandemic and will play an equally important role in the recovery and ‘build back anew’ agenda. This is particularly true of the World Bank Group (WBG), given its high volumes of committed investments across sectors, especially in low-income and vulnerable countries. This report presents, through case studies, how care-responsive the World Bank’s COVID-19-related investments have been in four member countries: Bangladesh, Cambodia, Nepal and the Philippines. It does so by using the Care Principles and Care-Responsiveness Barometer for IFIs to assess the nature of the WBG’s COVID-19 investments in these select countries, and by building evidence through a gender- and care-responsive budget review. The report demonstrates that the Bank has a foundation for care-inclusion upon which to build, and urges it to adopt a more comprehensive care-responsive approach to its operations in order to move towards rebuilding a more gender-just and equal future.