Improving transport and connectivity in Africa: Can drones be part of the solution?

Transport and logistics links in Africa remain costly and unreliable, especially for reaching remote communities. In rural areas, only about a third of Africans live within 2 kilometers of an all-weather road, and the current infrastructure investment gaps in road transport infrastructure in the region amount to billions of dollars annually. The national road density in the region remains less than a quarter of the global average. The intensifying effects of climate change and, in parts of the region, conflict and violence, further hinder the ability of governments and businesses to efficiently and reliably ensure the delivery of goods and services. These gaps also present enormous challenges to meeting the Sustainable Development Goals, from health to agricultural productivity to food security.

Continue reading

World Bank Group Youth Summit 2021: Resilient Recovery for People and Planet

Established in 2013, the Youth Summit is an annual event hosted by the World Bank Group Screenshot_2021-05-27 World Bank Group Youth Summit 2021 Resilient Recovery for People and Planet(WBG) to engage with youth globally on the most pressing topics facing our generation. The WBG Youth Summit is an affiliate of the Youth-to-Youth (Y2Y) network, the largest volunteer organization at the WBG, which aims to inspire and empower youth within and outside the institution.  The primary goals of the Youth Summit are to: 

  • Empower youth to explore innovative ideas to tackle development challenges​
  • Provide youth with the tools to build and engage in impactful projects​
  • Promote dialogue between youth, the WBG, and other key stakeholders globally

Continue reading

A new commitment for vaccine equity and defeating the pandemic

As preparations are made for the G7 Summit in the UK next week, top of the agenda is how to end the COVID-19 pandemic and secure the global recovery.  Urgent challenges face us.   

By now it has become abundantly clear there will be no broad-based recovery without an end to the health crisis. Access to vaccination is key to both.   

Continue reading

Webinar recap: Fraud and Corruption in Multilateral projects: Perspectives, challenges and experiences

Hosted by: Private Sector Liaison Netwerk in Washington D.C. on Thursday May 27

The session was organized by the Private Sector Liaison Network in Washington D.C. to give the private sector the opportunity to get more insight in multilateral organizations compliance and integrity rules and regulations

Speakers:

  • Brian Whisler: Partner Baker McKenzie LLP
  • Pascal Dubois: Former Vice President Integrity,World Bank Group   
  • Juan Ronderos: Sanctions Officer for the Inter-American Development Bank Group

Webinar Recording Link : Password: Baker2021!

World Bank Group Youth Summit 2021: Resilient Recovery for People and Planet

Established in 2013, the Youth Summit is an annual event hosted by the World Bank Group Screenshot_2021-05-27 World Bank Group Youth Summit 2021 Resilient Recovery for People and Planet(WBG) to engage with youth globally on the most pressing topics facing our generation. The WBG Youth Summit is an affiliate of the Youth-to-Youth (Y2Y) network, the largest volunteer organization at the WBG, which aims to inspire and empower youth within and outside the institution.  The primary goals of the Youth Summit are to: 

  • Empower youth to explore innovative ideas to tackle development challenges​
  • Provide youth with the tools to build and engage in impactful projects​
  • Promote dialogue between youth, the WBG, and other key stakeholders globally

Continue reading

Transitions at the Heart of the Climate Challenge

STORY HIGHLIGHTS

  • The World Bank Group is increasing its financing to help countries address the pandemic and climate change, because a sustainable future depends on the decisions countries make today.
  • To clean up energy systems, it will be important to drive action on multiple fronts including renewable energy, energy efficiency, and a just transition from coal.
  • To tackle food insecurity and protect forests, climate-smart agriculture and nature-based solutions will need to be scaled up.

Imagine a world where farms grow nutritious food and raise healthy livestock without harming the environment. Where every village, town and city are powered by clean energy and cities have safe, affordable, and non-polluting transit systems. Where people have jobs that drive the sustainable growth story of the future. This world is within our reach, but only if we confront the challenges we face today.

Continue reading

Five reasons to be concerned about the shadow economy

Informal activity—sometimes dubbed the “shadow economy”—is widespread in emerging shutterstock_1091410604market and developing economies.  Its pervasiveness is of particular concern at the current juncture, because it may make it harder for these economies to achieve the inclusive development that is needed to undo the damage of the COVID-19 pandemic.

Continue reading

Carbon Prices now Apply to Over a Fifth of Global Greenhouse Gases

Carbon pricing generated $53 billion in revenue in 2020-21, but despite progress, carbon pricing efforts are not on track to meet Paris Agreement goals, new World Bank report finds

WASHINGTON, May 25, 2021 A total of 64 carbon pricing instruments are now in operation around the world, covering over 20% of global greenhouse gas emissions and generating $53 billion in revenue. According to the World Bank’s annual “State and Trends of Carbon Pricing” report released today, these advances represent a 17% increase in revenue from last year, However the full potential of carbon pricing remains largely untapped.

Continue reading