Tag Archives: COVID-19

Thriving: Making Cities Green, Resilient, and Inclusive in a Changing Climate

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Cities, as engines of prosperity, are major contributors to climate change, generating about 70% of global greenhouse gas emissions. At the same time, as home to more than half of humanity, cities are on the front lines of climate change.

New analysis from the World Bank examines the two-way relationship between cities and climate change, concluding that cities also hold one of the keys to solving the climate crisis. With data from more than 10,000 cities, the report offers insight into how to help cities become greener, more resilient, and more inclusive – in other words, on how to help their cities thrive – in a changing climate.

Full Report

 

 

Shaping tomorrow’s debt restructuring system

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STORY HIGHLIGHTSyemen-fscpp

  • Food insecurity is among the most pressing challenges in Yemen and over half of the population is food insecure.
  • Yemen has suffered from a series of food crises and climate change increases the risk of further crises.
  • A food security crisis preparedness plan has been developed to mitigate the impact of future food crises.

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Confronting Geo-economic Challenges: A Conversation with World Bank Group President David Malpass

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As the U.S. continues to experience historically high inflation rates and increasing risks to its economy, it also faces a number of global geoeconomic challenges. These include the end of the era of globalization, rising financial instability and pressures to increase the production of certain strategically important goods for domestic use or export to friendly neighbors. Meanwhile, the U.S. and other countries are also contending with the economic implications of social, political and technological developments, such as population aging, greater competition from abroad, growing inequality, innovation and its impact on the labor market, and the global transition to cleaner energy sources.

On May 22 at Baker Hall, World Bank Group President David Malpass joined John W. Diamond, Director of the Center for Public Finance at the Baker Institute, to discuss the geoeconomic challenges — and opportunities — facing the United States and the world, and how to navigate them.

This event was sponsored by the Baker Institute Center for Public Finance. 

 

 

Private Investment in Infrastructure: Where are we now?

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A quick scan of the headlines tells you everything that those of us working in internationalinfra_hero.jpg development already know: today’s world is not business as usual. In just a few short years, the global landscape has transformed in a way that very few of us could ever have anticipated.

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Publication: Brazil Country Climate and Development Report

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Abstract
Brazil is highly exposed to climate change risks. The impacts of global climate change risks and local practices on the Amazon and Cerrado biomes are of particular concern, as they provide vital ecosystem services to Brazil, the South American region, and the world. The Brazil Country Climate and Development Report (CCDR) examines the implications of climate change and climate action for Brazil’s development objectives and priorities. It identifies opportunities for Brazil to achieve both its development goals and its climate commitments. It lays out a combination of sectoral and economy-wide policy reforms, as well as targeted investments in near- and medium-term mitigation and adaptation measures to achieve more rapid and inclusive development with lower greenhouse gas (GHG) emissions. The idea is to maximize synergies between climate and development objectives, while addressing trade-offs among policy objectives and key transition challenges.
 
 
 

 

Shaping tomorrow’s debt restructuring system

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As the debt crisis has unfolded in many of the world’s poorest countries, much attention has debt_blog_shutterstock_1699344271_1140x500.jpgfocused on seeking individual debt restructurings through the G20 Common Framework. This remains a priority, but the implementation remains slow and lacks the predictability needed to provide debtors and creditors with confidence. The Global Sovereign Debt Roundtable and the April 26 World Bank debt conference, Breaking the Impasse in Global Debt Restructuring, discussed effective debt restructurings and debt sustainability.  The conference also addressed how to avoid excessive debt build-up; and pressing questions regarding the debt sustainability implications of a decline of net international reserves into negative territory as countries draw on debt-like instruments such as swap lines. Following this week’s G7 Finance Ministers and Central Bank Governors meeting in Japan, we will publish the initial findings from a recent debt reconciliation initiative, which points to many technical challenges in agreeing on the amounts of debt to be treated in a restructuring.

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Impactful climate mitigation requires standards, verification and standardization

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How to make India pandemic proof

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Food Security Update | World Bank Response to Rising Food Insecurity

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Latest Update – April 24, 2023 

Domestic food price inflation remains high around the world. Information from the latest month between December 2022 and March 2023 for which food price inflation data are available shows high inflation in almost all low- and middle-income countries, with inflation levels greater than 5% in 70.6% of low-income countries, 90.9% of lower-middle-income countries, and 87.0% of upper-middle-income countries and many experiencing double-digit inflation. In addition, 84.2% of high-income countries are experiencing high food price inflation. The most-affected countries are in Africa, North America, Latin America, South Asia, Europe, and Central Asia.

Download the latest brief on rising food insecurity and World Bank responses

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Better Migration Policies Can Help Boost Prosperity in All Countries

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Competition for workers rising as populations age in rich and middle-income countries

WASHINGTON, April 25, 2023—Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to realize their long-term growth potential, according to a new report from the World Bank. 

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