United Nations Development Business
Based on an agreement between the United Nations and the World Bank in 1981, Development Business became the official source for World Bank Procurement Notices, Contract Awards, and Project Approvals.
In 1998, the agreement was renegotiated, and included in this agreement was a joint venture to create an online version of the publication. Today, Development Business is the primary publication for all major multilateral development banks, U.N. agencies, and several national governments, many of which have made the publication of their tenders and contracts in Development Business a mandatory requirement.
The World Bank or the World Bank Group is also a sitting observer in the United Nations Development Group.
Great News You Are Eligible To Receive A Government Grant
The government does not contact individuals to award grants for which there has been no application. An individual who makes this claim is not from the government and could be trying to collect private personal data from you, such as your Social Security number, bank account number or other such information.
How To Tell If A Government Grant Offer Is A Scam Or
federal grant programs for for-profit companies and many state/county economic development financial assistance programsfederal level, the SBA has disaster recovery grantsthink Hurricanes Katrina and Sandy
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World Bank Group Announces Up To $12 Billion Immediate Support For Covid
WASHINGTON, March 3, 2020 As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the COVID-19 .
Through this new fast track package, the World Bank Group will help developing countries strengthen health systems, including better access to health services to safeguard people from the epidemic, strengthen disease surveillance, bolster public health interventions, and work with the private sector to reduce the impact on economies. The financial package, with financing drawn from across IDA, IBRD and IFC, will be globally coordinated to support country-based responses.
The COVID-19 support package will make available initial crisis resources of up to $12 billion in financing $8 billion of which is new on a fast track basis. This comprises up to $2.7 billion new financing from IBRD $1.3 billion from IDA, complemented by reprioritization of $2 billion of the Banks existing portfolio and $6 billion from IFC,including $2 billion from existing trade facilities. It will also include policy advice and technical assistance drawing on global expertise and country-level knowledge.
You Have Been Awarded A Federal Grant That You Can Spend Any Way You Like
Federal grants are usually awarded for specific programs, research or projects most often to local governments, organizations, institutions and universities. Beware of any individual who promises a government award that can be spent on paying down tuition or credit card debt, or home electronics and décor.
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Understanding The Catalog Of Federal Domestic Assistance
Entities seeking assistance to programs through the Catalog of Federal Domestic Assistance were required to have the authorization to conduct business with the federal government. Programs listed through the catalog were identified with a unique five-digit number. The CFDA’s website was retired in 2018 after it was consolidated with other government systems programs to streamline the awards process.
Many of the U.S. federal government’s agencies and departments offer grants, loans, scholarships, property, counseling, and other kinds of assistance within the U.S. Since 1984, information about these domestic assistance programs was compiled by the General Services Administration, which published it in the Catalog of Federal Domestic Assistance . Many, but not all, programs provided financial assistance. Foreign aid was not included.
Entities that used the CFDA included:
- Nonprofit organizations
Listings were available through the CFDA’s official website CFDA.gov. Each program listed online was assigned a unique number by agency and program, enabling data and funding transparency. Each CFDA number contained five digits and appeared as ##.###. The first two digits indicated the agency responsible while the last three digits indicated the program itself.
How To Apply For A World Bank Grant In Nigeria
Please note that the more reliable the source of the grant, the fiercer the competition, and the more difficult it would be to access it.
Therefore, it is much easier to win a business grant awarded by a local NGOthan it is to win one awarded by the Federal government grant or even one that is established by an international organization.
You should also study the requirements and eligibility criteria of the grant you seek to apply for to know if your business is qualified to receive it.
Here, however, are few tips on how to apply for the Word Bank grants in Nigeria.
1. Refer to the website of the World Bank or the National and Local bodies they operate through to get the specifics of the grant that you seek.
2. Write a proper and compelling business plan. Be assured that the grant providers will dissect your business plan meticulously to determine the worthiness of your business to be supported by the supported with the grant.
3. Meticulously read and understand the specifics guiding the grant application process. Failure to complying with application guidelines is the shortest route to failure.
4. Do your research, consult business owners who have previously won grants and milk them for all the information and advice you can get.
5. Critically access yourself and your business to ascertain if you are qualified for the grant that you want to apply for.
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Scam Alert From The Council On Financial Assistance Reform
According to reports, the scam artist claims to represent the COFAR when contacting the individual. Victims are told they have been selected to receive a government grant ranging from $5,000 to $25,000. In order to receive the grant money, the representative explains a “processing fee” ranging between $150 and $700 must be paid and asks individuals for bank account information.The COFAR is not a grant making organization and has been disbanded. The COFAR will never request banking information, social security numbers or other personally identifiable information to facilitate the issuance of a “grant”. Grants are not benefits or entitlements. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
If you think you may have been a victim of a government grant scam, file a complaint with the FTC online, or call toll-free, 1-877-FTC-HELP TTY: 1-866-653-4261.
The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. Click here for more information:
You’ve Won Free Money Just Send Me $$$
No legitimate federal government employee would ever call you and tell you that you qualify or have been approved for a grant for which you never applied. Protect yourself from scammers that tell you that you need to pay a small processing fee to qualify to receive a grant for education costs, home repairs, home business expenses, or “money for nothing” grant offers.
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List Of Federal Government Grants For Agricultural Business
- Central Bank of Nigeria Agricultural Program
This is a government program that provides loans to farmers. The bank has laid out N75billion for this program.
- Bank of Agriculture Program
This collaborates with the Federal Ministry of Agriculture and the Federal Ministry of Finance to generate the best options for grants and loans.
- Cooperative Societies Grants
As a farmer, you can join cooperative societies such as All Farmers Association of Nigeria , Youth Empowerment in the Agricultural Program or Fadama, where they have the ability to gain support and beneficial grants.
The support by the Federal Government is very important especially when it comes to economic instability. You can also find other grants not necessarily given by the Federal Government to start up your business.
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How They Try To Trick You
Whether you see them in your local paper or a national magazine, or receive direct phone callscon artists generally follow a familiar script to gain access to your bank accounts or to get you to make unnecessary one-time payments to them.
Look and listen for these tell-tale lines:
- “This grant/scholarship is guaranteed or your money back.”
- “You can’t get this information anywhere else.”
- “I just need your credit card or bank account number to hold this grant/scholarship.”
- “We’ll do all the work. You just pay a processing fee.”
- “The grant/scholarship will just cost you a one-time fee.”
- “You’ve been selected” or “you are eligible” to receive a grant/scholarship.
People who run scams often claim to provide help and sometimes claim to be “federal government” officialsdont be fooled by these scams that request money from you. It is illegal to ask you to pay to apply for or to increase your odds of being awarded a federal grant.
Be careful to watch for scammers that falsely use HHS symbols and language to trick you and others. Fraudsters in the past have used the words and letters of HHS programs to give the false impression that their costly seminars or pay-per-use grant application tools are approved, endorsed, or authorized by HHS. HHS never endorses or uses private companies or individuals for these purposes.
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Federal Grant Scam: How It Works
As our mandate is to educate our readers about the latest financial fraud cases, we have a new one this week the Federal grant. A fake $9,000 government grant is offered via a phone call by scammers impersonating the federal authorities. Free money from the government is always lovely to have but watch out for this scam. It even involves using a Steam card , if you know what that is.
Alternatively, scammers could make you believe that you received a Federal Supplemental Educational Opportunity Grant , which is a grant dedicated to undergraduate students with exceptional financial needs. But the main scam targets the everyday citizen.
Lets take a look.
Imagine this: you get a call from someone claiming to be from the government and informing you that, because of the COVID-19 economic situation and some new specific laws and regulations, you are eligible to receive $9,000. Thats a grant, which is money that you dont have to return. A stimulus check.
The only conditions for you to fully qualify are that you dont have a criminal record, didnt go bankrupt the last six months, and have been a loyal citizen for the government. Furthermore, you can use the money for a useful purpose to start a business or an education stage. Besides, to receive the grant, a full conversation needs to be established.
But how does the Government Grant Scam work? Watch the video below to see it exposed:
What You Should Understand About World Bank Grant In Nigeria
The World Bank since the year 1958 has been being helping the Nigerian government to fight to alleviate poverty and develop the living standards for the populace of the African Nation with well over 130 IBRD loans.
The World Bank Group has been a strong ally of the Nigerian government. She supports Nigeria around the following priorities:
Creation and sustaining of growth in the diversification of jobs especially for young people, poor people, and women in the side-lined area.
Re-establishing macroeconomics and financial growth by fine-tuned policy sponsoring and performance responsive lending.
Agricultural-based funding with intent to increase viable productivity.
Investing in and promote ng growth and reforms towards non-oil growth and economic viability.
Tackling the issues of climate change
Restoring order in the conflict-affected zones of north-east Nigeria.
Advocating for governmental and cultural commitment to gender equity
Optimization of the quality of social service.
The World Bank has been courageous in encouraging the Nigerian economy through her efforts in the banking sector. In the banking sector, she hopes to invest in grass-roots businesses through the model microfinance banking system.
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Global Partnerships And Initiatives
The World Bank has been assigned temporary management responsibility of the Clean Technology Fund , focused on making renewable energy cost-competitive with coal-fired power as quickly as possible, but this may not continue after UN’s Copenhagen climate change conference in December 2009, because of the Bank’s continued investment in coal-fired power plants.
Together with the World Health Organization, the World Bank administers the International Health Partnership . IHP+ is a group of partners committed to improving the health of citizens in developing countries. Partners work together to put international principles for aid effectiveness and development cooperation into practice in the health sector. IHP+ mobilizes national governments, development agencies, civil society, and others to support a single, country-led national health strategy in a well-coordinated way.
World Bank President Jim Yong Kim said in 2012:
A 4-degree warmer world can, and must be, avoidedwe need to hold warming below 2 degrees … Lack of action on climate change threatens to make the world our children inherit a completely different world than we are living in today. Climate change is one of the single biggest challenges facing development, and we need to assume the moral responsibility to take action on behalf of future generations, especially the poorest.
In 2021, the World Bank offered support to Kazakhstan to help the country in its mission for decarbonization and carbon neutrality.
List Of 20 Largest Countries By Voting Power In Each World Bank Institution
The following table shows the subscriptions of the top 20 member countries of the World Bank by voting power in the following World Bank institutions as of December 2014 or March 2015: the International Bank for Reconstruction and Development , the International Finance Corporation , the International Development Association , and the Multilateral Investment Guarantee Agency . Member countries are allocated votes at the time of membership and subsequently for additional subscriptions to capital .The 20 Largest Countries by Voting Power
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World Bank Grants $600
Metro Manila – The World Bank announced on Wednesday its approval of a new project loan amounting to $600 million to help the Philippines mitigate the impact of the pandemic.
The international lending institution said around four million low-income Filipino households affected by the COVID-19 pandemic will benefit from this loan project named Beneficiary FIRST Social Protection Project.
The $600-million grant is also aimed at supporting the Department of Social Welfare and Development implement the Pantawid Pamilyang Pilipino Program and pursue Fast, Innovative, and Responsive Service Transformation for beneficiaries.
“These efforts are critical to ensure that their children can remain in school and stay healthy as the country takes measures to control this pandemic. In these difficult times, cash transfers to the poor and vulnerable indirectly support local economies and boost prospects for recovery,” said Ndiamé Diop, World Bank country director for Brunei, Malaysia, Philippines and Thailand.
The World Bank-funded project also seeks to accelerate efforts to modernize the DSWD’s payment delivery systems and promote financial literacy among beneficiaries. It will have the cooperation of the Bangko Sentral ng Pilipinas.
“Shifting to the use of digital platforms and technologies for delivery of social protection programs and services is a high priority agenda of the government that we are excited to support,” said Yoonyoung Cho, World Bank senior economist.
Warning On Fraud Schemes Misrepresenting Ifcs Name
In light of a resurgence of “advance fee fraud schemes” misusing the International Finance Corporations name, IFC is warning against investment deals and advance fee schemes that fraudulently invoke the institutions name or claim to be affiliated with it or the World Bank Group.
Like many other large organizations, we have seen increased use of sophisticated forms and letterhead that appear to be legitimate IFC email correspondence or certificates. IFCs name can be falsely invoked to give the scheme the appearance of authenticity and, in some cases, the wrongdoers may use the names of actual IFC staff members to bolster the credibility of the scam.
Advanced fee fraud schemes involve solicitations that encourage potential victims to provide personal information such as signatures or bank account information, and to pay certain advance fees, often described as “processing fees” or finders fees. In return, the potential victim is promised sums of money which the scammer has no intention of paying. Police estimate that thousands of these advance fee fraud solicitations only a very small fraction involving the use of IFCs name are sent by e-mail every week and are addressed to individuals and companies around the world.
You can find more information about fraudulent investment schemes that misuse our name here.
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Nigeria To Boost States Capacity For Covid
WASHINGTON, August 7, 2020 The World Bank Board of Directors approved a $114.28 financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on state level responses. This includes $100 million credit from the International Development Association * and $14.28 million grant from the Pandemic Emergency Financing Facility.
Through the COVID-19 Preparedness and Response Project , the Government of Nigeria will provide grants to thirty-six states and the Federal Capital Territory as immediate support to break the chain of COVID-19 local transmission and limit the spread of coronavirus through containment and mitigation strategies. Grants to states will be conditional on states adopting COVID-19 response strategies which are in line with the Federal Government guidelines and strategies. CoPREP will enhance the institutional and operational capacity for disease detection through provision of technical expertise, coordination support, detection, diagnosis and case management efforts in all states and the FCT as per the WHO guidelines in the Strategic Response Plan. It will also help the government mobilize surge response capacity through trained and well-equipped frontline healthcare workers and strengthen the public health care network for future health emergencies.
World Bank Group COVID-19 Response