, this month’s global climate change conference in Katowice, Poland.
Tag Archives: IDA
World Bank Group Announces $200 billion over Five Years for Climate Action
Funding for 2021-2025 includes a significant boost for adaptation and resilience
Washington DC – 3 December, 2018 —The World Bank Group today announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. The new plan significantly boosts support for adaptation and resilience, recognizing mounting climate change impacts on lives and livelihoods, especially in the world’s poorest countries. The plan also represents significantly ramped up ambition from the World Bank Group, sending an important signal to the wider global community to do the same.
IDA17 Retrospective: Maximizing Development Impact
Leveraging IDA to meet global ambitions and evolving client needs
This report examines what the International Development Association (IDA) achieved during the IDA17 period (July 1, 2014 to June 30, 2017), and takes a close look at how IDA continues to maximize development impact to deliver these results in a fluid and challenging global environment. This report covers three areas essential to understanding both IDA’s efforts and the environment in which it works: (1) The rapidly-evolving global economic and development landscapes; (2) The results achieved through IDA’s work with client countries and other partners; and (3) The unfinished agenda, which demands an ongoing, broad-based commitment to achieving results through IDA as the world’s global alliance for the poor.
A Strong Foundation for Greater Impact
Despite expectations that growth will be robust in the near term, developing countries face challenges to keep up the pace of progress and ensure inclusive, sustainable growth amid structural changes to the global economy. The World Bank Group is uniquely placed to address global challenges and help countries achieve their goals in today’s increasingly complex development landscape.
A Strong Foundation for Greater Impact
Despite expectations that growth will be robust in the near term, developing countries face challenges to keep up the pace of progress and ensure inclusive, sustainable growth amid structural changes to the global economy. The World Bank Group is uniquely placed to address global challenges and help countries achieve their goals in today’s increasingly complex development landscape.
Why investors must take a chance in the world’s most fragile countries
poverty on the whole is declining, that’s not the case in countries affected by conflict. It is these countries plagued by near-constant political and economic instability that are often the ones most in need of private investment. Yet they are also the places few private investors are willing to go. The risks seem to outweigh the rewards.
. And whileA Call to Act and Invest for the Future
Global growth has strengthened over the past year, with a recovery in investment, trade, and commodity prices amid supportive global financial conditions. Still, downside risks remain, and prospects for growth vary widely across countries. The World Bank Group is uniquely positioned to help developing countries address the complex challenges that can threaten their gains in an increasingly interconnected global economy.
This was a key message from the Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, in a communiqué issued at the close of the institutions’ Annual Meetings in Washington.
World Bank Mobilizes US$200 Million to Combat Cholera in Yemen
WASHINGTON, August 25, 2017 – The World Bank announced today an emergency
eC2: Decision Tree Initiative – Multidimensional Risk Management of Flood Protection Infrastructure & Irrigated Cropland Expansion
Deadline: 20-Jul-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
The Government of Kenya (GoK) is partnering with the International Development Association (IDA) of the World Bank to develop and implement the Kenya Water Security and Climate Resilience Program (KWSCRP). The detailed design for the LN irrigation scheme and flood dikes, will be completed for review by May 7, 2017, and construction contracts award expected in October -November 2017. The client is very interested in the climate change risk assessment and management for the flood protection infrastructure and irrigated cropland expansion as well as the resilience level of the integrated flood risk management system. The overall objective of the consultancy is to quantitatively assess the climate change risk vis-à-vis other risks unrelated to such change, followed by guidelines for a phased adaptation leading to increased resilience of the integrated Nzoia River Flood Program and irrigated expansion using the Decision Tree Framework.
Time is Money: Transforming Dar es Salaam’s Road Transport to Reduce Dense Traffic
STORY HIGHLIGHTS
- World Bank Group President Jim Yong Kim and Tanzanian President John Magufuli unveiled the foundation stone for the Ubongo Interchange, which will ease transportation bottlenecks and help businesses.
- The interchange is supported by a $225 million concessional credit from the International Development Association (IDA), in addition to an IDA Scale-up Facility Credit of $200 million.
- Under the first phase of the Bus Rapid Transit system, roundtrip travel time on the corridor was reduced by 90 minutes a day, saving commuters 16 days of sitting in traffic.