IDA20 Replenishment: Public invited to review draft Deputies’ Report

Ahead of the IDA20 Replenishment pledging meeting in Tokyo next month, the proposedd4e8b7bff7323bd5d2c9410c3cee7fb144e16f4cf726b09016227c1cc1051301 replenishment package is now at an advanced stage. At this meeting, the IDA20 Deputies’ Report will be tabled for endorsement by IDA Deputies and Borrower Representatives. Before this happens, the public is invited to review the draft IDA20 Deputies’ Report and provide comments before November 26. 

Read report, submit comments and view all papers

For a Just Transition Away from Coal, People Must Be at the Center

STORY HIGHLIGHTS Trains filled with coal

  • If not phased out before 2040, coal will push the world closer to climate change catastrophe.
  • Experience has shown that the shift from coal can take decades and present not only economic and employment challenges, but social and cultural ones.
  • The Supporting Energy Transition in Coal Regions initiative provides advice and financing to countries that have made the decision to transition away from coal.

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Amid record sovereign debt, massive gaps in debt-tracking systems 

At a time when sovereign debt in the poorest countries has surged to dangerously high 9886d8b246b9c226327d1e906c537ccd3c7de91d8275774176d0142ea92aabb6 levels, global and country-by-country systems for tracking it are proving to be inadequate. A new report marks the first comprehensive assessment of the global and national systems for monitoring sovereign debt.

IFC GLOBAL MANUFACTURING CONFERENCE

Manufacturing is key to development by building economic complexity throughdownload industrialization. As the manufacturing sector adds new capabilities to produce more products, participates in value chains, and adds process technologies, this results in more resources and materials being used. Circular economy models are necessary to replace the make, use and dispose linear production model.

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The manufacturing sector is now focusing on its crucial role in conserving resources, eliminating waste, and transitioning into more regenerative business models where repairing, reusing, and recycling products replaces simply disposing of them.

The third IFC Global Manufacturing Conference will address the critical questions regarding Circular Economy and provide a dynamic forum for exploring the future of manufacturing.

Millions on the move: What climate change could mean for internal migration

When you think of climate migration, you probably think of people moving from one countrygroundswell_blog_20120218-niger-farhat-8040_1140x500 to another to escape rising seas or expanding deserts. And to some extent, you’d be right. But the fact is, the vast majority of climate migrants are actually moving within their country’s borders. 

The findings of our new Groundswell report forecast that there could be up to 216 million internal climate migrants globally by 2050.  Hotspots of climate migration may start to emerge as early as 2030, as people leave places that can no longer sustain them and go to areas that offer opportunities. The drivers of these migrations, according to the report, will be water scarcity, declining crop productivity and sea-level rise.

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COP26: The World Is Watching

STORY HIGHLIGHTS COP26 venue in Glasgow

  • The clock is ticking for high impact climate action at COP26 in Glasgow from October 31 – November 12, 2021.
  • A strong theme of the World Bank Group’s participation will be its support for green, resilient, and inclusive recoveries from the COVID-19 pandemic.
  • Watch live-streamed events and participate in the conversation with #COP26 and #ClimateActionWBG.

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World Bank Group COP26 Climate Briefs

10 Things You Didn’t Know About the World Bank Group’s Work on Climate Change

  • Climate change, poverty, and inequality are the defining issues of our age. TacklingCC_shutterstock climate change will require major social, economic and technological changes, many of which are costly and will require large investments. Did you know…. Continue reading

Climate Change Could Further Impact Africa’s Recovery, Pushing 86 Million Africans to Migrate Within Their Own Countries by 2050

Deep dives on climate migration in West Africa and Lake Victoria Basin

WASHINGTON, October 27, 2021— The World Bank’s new Groundswell Africa reports, released today ahead of the 26th session of the Conference of the Parties (COP 26), find that the continent will be hit the hardest by climate change, with up to 86 million Africans migrating within their own countries by 2050.

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Taking Action: The World Bank Group’s Climate Priorities

Tackling climate change will require major social, economic and technological changes,dm_oped_climateshutterstock_1869476341_1140x500 many of which are costly and will require large investments.  To achieve our climate objectives, it will be critical to integrate climate and development and identify projects at the country level that tackle mitigation and adaptation and channel appropriate sources and structures of financing toward these projects in a manner that maximizes impact.

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