Infrastructure, economics, and a sustainable future: A Chief Economist’s perspective

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In the 1990s, I embarked on a journey that took me from the classrooms of Paris to theinfrastructure-1440x500.jpg dusty countryside of Paraguay. Little did I know then that my diverse experiences, from peddling goods door-to-door to advising governments, would shape my role as an economist specializing in infrastructure and development. Now, as the Chief Economist for Infrastructure at the World Bank, I stand at the intersection of a complex global landscape. 

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Climate Action Game Changers: Urban Transport

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Your commute to work, the family gathering, the food on your table, and the goods you buy –dakar-2029x1353 all rely on transport and our lives are unthinkable without it. But transport also represents a growing threat to our planet. Buses, cars, planes, ships, and trucks burn fossil fuels, and this causes climate change.

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The World Bank’s Bold New Vision

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“To create a world free of poverty – on a livable planet.”

This vision and mission will test the sincerity of our ambition – it sets us on a journey that will require reimagined partnerships, a new way of working and thinking, an innovative plan to scale and replicate, additional resources, and optimism for what could be possible.

In all corners of the globe, people are eager to go to work, and to create with their own hands. They want a better life for their children and grandchildren.

We must be the hand on the back – moving people forward. We must be an institution that exports optimism and impact.

2023 Annual Meetings: A New Vision for Challenging Times

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ANNUAL MEETINGS HIGHLIGHTS 2023meetings-signage

  • Expanded financial capacity. Stronger partnerships. Deeper engagement with the private sector. More efficient processes.
  • The Bank has adopted new tools that could provide $157 billion in additional lending capacity over a decade.
  • The Bank is exploring loan maturities of 35 to 40 years to help countries better navigate long-term social and human capital investments.

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