Tag Archives: COP27

Success Story: BearingPoint

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Tax compliance as a tool for development of small-sized countries

Dutch headquartered BearingPoint Caribbean were recently awarded a World Bank funded19 project to modernize the tax administration on the Caribbean island of Grenada. The Grenada Inland Revenue Department (IRD) will be the 15th tax administration to use BearingPoint’s innovative software.

Grenada, like many other Small Island Developing States (SIDS), is highly vulnerable to climate change, natural disasters, and the economic dependence on tourism. In the post-Covid-19 era, the government of Grenada therefore wants to develop more resilience by improving fiscal sustainability. Domestic resource mobilization is now more important than ever.

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Blue Economy for Resilient Africa Program

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About the Blue Economy for a Resilient Africa Program 20180510-Guinea-Tremeau-015

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.

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Global Water Security & Sanitation Partnership: Five Years of Advancing a Water-Secure World for All

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STORY HIGHLIGHTS GWSP-2022-AR-Feature-story

  • Over the past five years, climate considerations have become embedded in GWSP support, leading to a rising number of projects with climate co-benefits.
  • The World Bank Water Global Practice’s work in fragile, conflict and violence-affected areas has grown significantly, and Global Water Security and Sanitation Partnership now supports active engagement in 33 countries.
  • There is more social inclusion in the water sector. The average share of female engineers in 23 participating utilities in Ethiopia increased from 8 percent to 12 percent in just two years. Continue reading →

Remarks by World Bank Group President David Malpass at the COP27 Climate Finance Event

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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.

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Remarks by World Bank Group President David Malpass at the COP27 Climate Finance Event

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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.

Continue reading →

World Bank Group Priorities at COP27

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Action and Impact World-Bank-Group-Priorities-COP27

By David Malpass, President, The World Bank Group

Climate change – caused by greenhouse gas (GHG) emissions from human activities – poses a major threat to people and development. Poverty, development and climate change need to be tackled together, acknowledging the interconnections between people, planet, and the economy. Climate action is a key global public good, requiring major new financing from the global community and mechanisms for inflows. Mitigation activities are needed to reduce GHG emissions in our shared atmosphere. Adaptation activities need to redouble to reduce the added hunger, migration, conflict, and trade protectionism generated by climate change.  

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World Bank Group at COP27

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November 6-18, 2022

GO TO: SCHEDULE OF LIVE EVENTS | RESOURCES ON CLIMATE | FEATURED SPEAKERS

The world will come together in Sharm El Sheikh, Egypt, for COP27, amid growing urgency to tackle the climate crisis. The United Nations Climate Change Conference is expected to focus on the need to implement climate pledges, scale up climate finance, and address the adaptation needs of developing countries. COP27 will bring together leaders and national delegations, representatives from businesses, multilateral institutions, civil society and youth. The World Bank Group will be there taking part in discussions and live events over two weeks.

Watch this space for a listing of events and set reminders to join us live.

Follow the conversation with: #ClimateActionWBG.

LIVE EVENTS