World Bank and partners announce new global fund for cybersecurity

Within the umbrella of the Digital Development Partnership (DDP) program, the World Bank launched a new Cybersecurity Multi-Donor Trust Fund to support the implementation of the cybersecurity development agenda. To this aim, it will espouse the development of global knowledge on cybersecurity solutions for low- and middle-income countries by funding country maturity assessments, offering technical assistance, and supporting training and capacity development for cybersecurity staff in World Bank client countries. Contributions from Estonia, Germany, Japan, and the Netherlands support the fund whose progress also necessitates partnership and collaboration between and among partners as well as the engagement of other international institutions and organisations. ‘COVID-19 has highlighted the vital role digital technologies and applications play in a resilient development agenda. It keeps people, businesses, and public services connected. As governments are rapidly scaling up their investments into digital technologies, cybersecurity has become a pressing concern to ensure a safe and secure digital transformation for all. Fostering safe digital inclusion is of paramount importance for the World Bank’s work in helping countries reduce poverty, tackle inequality, and accelerate economic growth,’ noted World Bank’s Digital Development Global Practice Director Boutheina Guermazi.