The African Union estimates that the Blue Economy currently generates nearly US$300 billion for the continent, creating 49 million jobs in the process. These and other crucial benefits—most notably food security, livelihoods, and biodiversity—are entirely dependent on the ocean’s health. By safeguarding and enhancing marine and coastal health, countries will be in a better position to take full advantage of future Blue Economy opportunities, which range from sustainable blue energy to aquaculture to blue carbon.
WASHINGTON, November 22, 2022—The World Bank Group today announced an assistance package for Ukraine of $4.5 billion in additional grant financing provided by the United States government. The grant is mobilized under the World Bank’s Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) Project, which aims to help the Government of Ukraine sustain essential services and core government functions at the national and regional levels.
As the world is entering the third year of the global COVID-19 pandemic, it is increasingly
important to understand why many people are still hesitant to get the COVID-19 vaccine even when it is available . However, little is known about vaccine hesitancy in developing countries, as most studies have focused on high-income countries and the few that have analyzed developing countries were either not comparable across countries or not nationally representative.
STORY HIGHLIGHTS 
Thank you, Prime Minister Madbouly, Dr. Shoukry for hosting this event on climate finance.
Developing countries are facing an economic crisis, heavy debt burdens, high inflation, and climate change. It is a crisis facing development itself.
Initiative will use solar off-grid, mini-grids and other means to promote universal access to electricity
Washington, Nov. 9, 2022—The World Bank Group announced today an innovative initiative to accelerate the pace of electrification in Africa to achieve universal access by 2030. The World Bank, the Multilateral Investment Guarantee Agency (MIGA), the International Finance Corporation (IFC), and other development agencies will promote private investment in distributed renewable energy (DRE) systems to electrify targeted areas quickly and efficiently. The Distributed Access through Renewable Energy Scale-Up Platform (DARES) calls for joint action by government, private investors, and development agencies to solve Africa’s immediate needs while developing DRE solutions that can be applied globally.
There is a saying in the Pacific that when it comes to climate change, ‘we are not drowning;
we are fighting’. This could also sum up the wider East Asia and Pacific region as a whole in the face of climate change; a region that, despite being exposed to some of the worst climate impacts in the world, is responding with innovation, strength and immense resilience.
The World Bank is standing with the countries in the region in these efforts. In East Asia and the Pacific, 46% of new World Bank commitments in fiscal year 2022 contributed to climate action. Three countries across the region – Indonesia, the Marshall Islands, and Vietnam – highlight how the Bank is supporting their fight to adapt to climate change while securing resources and safeguarding important conservation gains far into the future.
For Haliya Al-Jalal, a mother of six in Al-Adn, Yemen, walking long distances to collect
drinking water was a daily chore she shared with her family. “Fetching water from the stream caused us great hardship,” she said. “Many children dropped out of school to devote themselves to this task every day.”
Netherlands for the World Bank 
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