The World Bank is taking bold new steps to increase its lending capacity, a major boost in firepower that will give millions of people a chance to escape poverty and improve their lives. At this critical moment in history, and echoing the calls from the international community, the Bank is doubling down to tackle intertwined challenges – jobs, climate, fragility, and pandemics. These efforts entail decisive action to build a better Bank to achieve a world free of poverty on a livable planet.
Tag Archives: COVID
In Southern Angola, a Race to Manage Scarce Water While Promoting Economic Growth
Beer is 95% water (the rest is alcohol and gas). In Lubango, a city on a high plateau in
Southern Angola, the makers of N’Gola beer depend heavily on a water source of exceptional quality. Rainwater seeps into the vertical crevasses of Tundavala, breathtaking rock formations 2,200 meters above sea level. It collects in the rock then rushes downhill to Lubango, producing at times 200 cubic meters of water per hour. The source is so special it is mentioned on the N’Gola beer label and stylized as a golden waterfall with a crown.
How solar can empower African youth
This week, as we gather in Nairobi for the Africa Climate Summit which brings together
policymakers from across the continent to talk about the climate challenges faced by African countries, I am encouraged by some of the stories of young Africans whose lives are being transformed by solar power – and the potential it has for the continent.
What do youth need from us right now?
Around the world, nearly 1 in 5 youth ages 15-24 are unemployed, or part of the labor force
but without a job. Among children ages 10-19, 1 in 7 experience a mental disorder. Nearly 6 in 10 ten-year-old children in low- and middle-income countries cannot read and comprehend a simple paragraph. These numbers do not bode well for future innovation and economic growth. By 2050, the people who are under 25 today will compose more than 90 percent of the prime-age workforce.
Global Food Crisis Finding Solutions with the Global Food and Nutrition Security Dashboard
World Water Week 2023
World Water Week 2023 is focused on innovation at a time of unprecedented challenges.
August 20-24, 2023
Online and Stockholm, Sweden
The theme, Seeds of Change: Innovative Solutions for a Water-Wise World, invites a rethink of how water is managed, and urges consideration of the ideas, innovations, and governance systems that are needed in an increasingly unstable and water scarce world.
World Bank Announces New Steps to Add Billions in Financial Capacity
The World Bank is taking bold new steps to increase its lending capacity, a major boost in firepower that will give millions of people a chance to escape poverty and improve their lives. At this critical moment in history, and echoing the calls from the international community, the Bank is doubling down to tackle intertwined challenges – jobs, climate, fragility, and pandemics. These efforts entail decisive action to build a better Bank to achieve a world free of poverty on a livable planet.
Investing in Youth, Transforming Africa
STORY HIGHLIGHTS
- By 2075, one-third of the world’s population—and of the working-age population—will be African. It is the only region where the workforce will grow continuously in the coming decades.
- This gives Africa an enormous opportunity to drive economic growth and prosperity through investments in education, skills, and health.
- Africa’s Heads of State are gathering at the Africa Human Capital Heads of State Summit to discuss how to accelerate human capital accumulation, leverage the youth bulge, and create jobs to propel economic growth.
FDI drops and MIGA innovates
IFC Insights
Stormy Waters for Business in Emerging Markets
As the sun set on the Landwasser valley in eastern Switzerland and this year’s World Econonomic Forum (WEF) Annual Meeting in Davos, government, business, and civil society leaders from across the globe headed home to promote the forum’s mandate of bold collective action to address ongoing crises.
FDI drops and MIGA innovates
As investment into developing nations drops, MIGA innovates. 
The United Nations Conference on Trade and Development recently reported that global foreign direct investment (FDI) flows dropped by almost a third in the second quarter of 2022, with flows to several emerging regions down significantly and flows to Africa near zero. The outlook for FDI next year is gloomy at best.
Netherlands for the World Bank 
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