Tag Archives: Debt
USAID’s First Localization Progress Report: Four Highlights
Sarah Rose is USAID’s Senior Advisor for Localization.
In November 2021, Administrator Samantha Power set forth in a speech, “A New Vision for Global Development,” two ambitious goals for supporting locally led development. First, by the end of FY 2025, USAID will channel 25 percent of its funding directly to local partners. And second, by 2030, at least 50 percent of USAID programs will create space for local actors to exercise leadership over priority setting, activity design, implementation, and defining and measuring results.
Work with USAID June 2023
UPCOMING EVENTS
Mission to Rewrite World Bank Group Playbook Advances with Banga’s Global Tour
WASHINGTON, June 8, 2023—The World Bank Group announced today a months-long global tour for new president Ajay Banga, an early step in his mission to write a new playbook for the 78-year-old institution.
Between now and December 2023, Banga will visit multiple countries in every region where the World Bank Group operates. During the impact-focused tour, Banga will work to reimagine strategic partnerships with other multilateral banks and development organizations, work to identify barriers for private sector investment, deepen the relationships between the World Bank Group and the countries it serves, and identify opportunities to maximize impact through knowledge, financing, and technical assistance.
Hiding in plain sight: The missing trillions for climate change
In debates about how to finance the growing bill for climate change, many worry where we 
can find the money.
There is reason to worry. As part of the Paris Agreement, the world’s wealthier countries reaffirmed their commitment to mobilize at least $100 billion of climate financing annually to help developing countries to adapt to climate change, invest in renewable energies and achieve low-carbon development. But getting there is a work in progress.
What Counts as Climate? Preliminary Evidence from the World Bank’s Climate Portfolio
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In Ghana, Sustainable Cocoa-Forest Practices Yield Carbon Credits
STORY HIGHLIGHTS
- Cocoa farmers in Ghana are improving yields and mitigating climate change by adopting climate-smart cocoa practices while curbing deforestation.
- Ghana has earned $4.8 million for reducing nearly 1 million tons of carbon emissions caused by deforestation and forest degradation—with up to $45 million expected by the end of 2024.
- Ghana and other countries are generating high-quality, high-integrity jurisdictional carbon credits to realize their climate goals and gain access to international carbon markets.
The role of ethical leadership in curbing corruption
As much as researchers try to isolate the factors of success in controlling corruption,
whether it be at a national scale or that of a particular organization, there is always a residual unexplained element. It may be attributed to culture, systems, or other factors, but one catalytic ingredient is almost always leadership.
We can’t have a world without poverty in a world with plastic pollution
When future generations share the story of plastic pollution, it will include graphic images of 
turtles choking on plastic debris, zooming out to show beaches and communities laden with trash, and panning to medical reports showing microplastic in the average person’s bloodstream. This is a story that started as an environmental crisis, and quickly became an economic and health crisis. And it’s a story that intersects with the triple planetary crises we are grappling with today: biodiversity, climate, and pollution. We are on the brink of writing the next important chapter in this story.
Weakening Growth, Financial Risks
Global Economic Prospects
Global growth is projected to slow significantly amid high inflation, tight monetary policy, and 
more restrictive credit conditions. The possibility of more widespread bank turmoil and tighter monetary policy could result in even weaker global growth and lead to financial dislocations in the most vulnerable emerging market and developing economies (EMDEs). Comprehensive policy action is needed to foster macroeconomic and financial stability. Among many EMDEs, and especially in low-income countries, bolstering fiscal sustainability will require generating higher revenues, making spending more efficient, and improving debt management practices. Continued international cooperation is also necessary to tackle climate change, support populations affected by crises and hunger, and provide debt relief where needed.
Netherlands for the World Bank 
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