IDA is a vital development partner now more than ever

It is undeniable that progress has been made in reducing extreme poverty over the last ht-jessica-education780pxquarter century—from 36 percent of the world population in 1990 to an estimated 8.6 percent in 2018—and that living standards for hundreds of millions of people have improved over that time.

Yet, poverty reduction has not been consistent across countries and today it is slowing. For the world’s poorest countries, extreme poverty remains stubbornly high with 31 percent of their people living on less than $1.90 a day. 

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World Bank Group activities to address climate and environmental challenges

Next week, I’ll attend the climate summit hosted by the United Nations as part of the 74th session of the General Assembly. A range of environmental challenges—including pollution, the degradation of forests and biodiversity, marine plastics, and extreme weather events—are putting sustainable economic growth and inclusive development at risk. While international discussions have a place in looking for results, one of the great strengths of the World Bank Group is in partnering with countries to find local solutions and deliver good outcomes.

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Fighting climate change by planting trees in the sea

I started reading about the Aral Sea disaster in 1989 ahead of my first visit, as a student Aral_Sea_4Y2A1499_0and tourist, to Uzbekistan, then still a Soviet republic. In Karakalpakstan, the autonomous republic in current-day Uzbekistan, the Aral Sea has all but disappeared. Where fishing communities once thrived, all that remains is a scarred, desert landscape. Rusted ships are perched precariously on piles of sand and salt, along with a potent, unhealthy mix of toxic pollutants from industrial agriculture.

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eC2: Developing the 2.0 version of the Climate Resilience Planning for Roads tool (CRP4R) in Haiti

Deadline: 01-Jul-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)

The World Bank is now seeking a consulting firm to build upon CRP4R tool, develop the

A man stands next to a bridge on the East Cape Road. The East Ca

version 2.0 and tailor it to the context in Haiti for the implementation of Project P163490. The new tool should also contemplate how to incorporate into the prioritization exercise feeder road segments chosen through Local Mobility Plans (LMPs) in the area of influence of the Project. This new feature of the model, using two different layers of choice, will necessitate several iterations with the Team.

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In Small Island States, Resilient Transport is Providing a Lifeline Against Disasters

STORY HIGHLIGHTS

  • Due to their size and location, Small Island Developing States (SIDS) are particularlyA man stands next to a bridge on the East Cape Road. The East Ca vulnerable to climate risk.
  • When disaster strikes, damage to transport systems typically makes up a large share of overall losses, and is often one of the main obstacles to recovery.
  • The World Bank is answering the call with unprecedented support to the transport sector in small island states. A total of eight transport projects have been approved in SIDS over the last year, all of which include a resilience component.

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eC2: Nigeria Multi-Sector Investment Plan for Coastal Risk Reduction and Climate Change Adaptation

Deadline: 17-Jun-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)

As part of the World Bank’s West Africa Coastal Areas (WACA) Program, the objective ofSenegal this activity is to develop, in a participatory manner, a Multi-sectoral Investment Plan (MSIP) for coastal risk reduction and climate change adaptation. The MSIP will be an action plan for the development of the Nigerian coastal zone, integrating climate change adaptation and disaster risk management considerations, and focused on but not limited to coastal erosion, flooding, and pollution. The MSIP will take into account all sectors involved in the zone and their contribution, in the medium and long term, for the strategic development of coastal areas in Nigeria. The activity should delineate objective, prioritized investment needs for integrated coastal zone management, providing indicative/estimated financing requirements for priority interventions, and developing a “pre-design” for the highest priority investment in each state (across four states).

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10 Years of Green Bonds: Creating the Blueprint for Sustainability Across Capital Markets

The phone call to the World Bank Treasury came out of the blue: in late 2007, a group of imagesSwedish pension funds wanted to invest in projects that help the climate, but they did not know how to find these projects. But they knew where to turn and called on the World Bank to help. Less than a year later, the World Bank issued the first green bond—and with it, created a new way to connect financing from investors to climate projects.

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Trees and forests are key to fighting climate change and poverty. So are women

According to IUCN’s ‘Global Forest Watch’, from 2001 to 2017, 337 million hectares of liberia_market_womantropical tree cover was lost globally – an area the size of India.

So, we appear to be losing the battle, if not the war, against tropical deforestation, and missing a key opportunity to tackle climate change (if tropical deforestation were a country, it would rank 3rd in emissions) and reduce poverty. A key question, then, is what can forest sector investors, governments and other actors do differently to reverse these alarming trends?

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Introducing the new representative at the Inter-American Development Bank: Bjorn Kuil

On August 1st Bjorn Kuil started as Senior Counselor at the Board of the Inter-American bjorn kuilDevelopment Bank, having previously held the position of senior policy officer at the Netherlands Ministry of Foreign Affairs since October 2013.  “Throughout my career in the public and private sector I’ve come to realize that finance can leverage relationships, mitigate risks, and plays an important catalytic role. It has become my mission working towards sustainable, inclusive economic development as this is an indispensable part of efforts to combat poverty and improve global living conditions in line with the Sustainable Development Agenda. When looking at all the challenges facing the world, including inequality, population migration, and climate change, there is a clear role for development finance in nearly all of them.”

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Our children’s planet: What does their education have to do with climate change?

Our world is very different than our grandparent’s. In 1950, there were about 2.5 billion 1_dshzzz8-5ywxq6sjduincwpeople; today, there are more than 7 billion. Overall, people are healthier, wealthier, and more secure.

But this has come at a cost. The stress on our planet has been immense. Human beings have dramatically altered the climate, changed the chemistry of the oceans, and triggered mass extinctions. The impact has been so great as to define an entirely new geological era — the Anthropocene, turbo charged by a “great acceleration” of population, economic growth and natural resource consumption since the 1950s.

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