Tag Archives: Investments

World Bank Group Announces Comprehensive Toolkit to Support Countries After Natural Disasters

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June 22, 2023—The World Bank Group today announced a suite of new and expanded actions to help countries respond quickly and effectively to an ever-growing onslaught of crises.

At the Summit for a New Global Financial Pact, Ajay Banga announced an expanded toolkit for crisis preparedness, response, and recovery that includes: (1) pausing debt repayments; (2) redirecting financing; (3) linking crisis preparedness and financing; (4); backstopping development projects with private sector support, and (5) building enhanced catastrophe insurance without debt.

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Take-Aways from the Anticorruption for Development Global Forum

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Esther Smith – Embassy of the Kingdom of the Netherlands, U.S.A.

In June, the Anticorruption for Development (AC4D) Global Forum was held at the Worldbanner-anticorruption-780x439 Bank Group’s headquarters in Washington D.C.  Aware of corruption’s high societal and environmental costs, the World Bank has reaffirmed its commitment to anticorruption as a development priority and seeks to foster partnerships with other stakeholders working towards better governance and integrity. Equally important to the Netherlands, the event was co-hosted by the Netherlands Ministry of Foreign Affairs, and well-attended by an audience from all over the world and various organizations.

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India incorporates green bonds into its climate finance strategy

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In 2023, India experienced the hottest February since 1901, the first year the country’sdehli_metro_adobestock_252063301_blog.jpg Meteorological Department started its weather records. Extreme weather events like this are becoming frequent and are expected to get worse due to climate change. India is among the countries most affected by the impacts of extreme weather events. 

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The Hidden Wealth of Nations: Groundwater’s Critical Role in a Changing Climate

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STORY HIGHLIGHTS econ-of-groundwater-india-well-780x439

  • As “nature’s insurance,” groundwater protects food security, reduces poverty, and boosts resilient economic growth, but the resource is threatened by overexploitation and pollution.
  • High-level political action is needed to prioritize groundwater and align the private and social costs of its use.
  • A new World Bank report considers the economic value of groundwater, the costs of misusing it, and the opportunities to leverage it more effectively.

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The Interlocking Challenges of Climate Change and Poverty | The Development Podcast

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FEATURING: Richard Damania, Chief Economist for Sustainable Development, World Bank / Roselyn Fosuah Adjei, Director of Climate Change for the Ghana Forestry Commission / Professor Denis Aheto, Director of the Centre for Coastal Management, World Bank Africa Centre of Excellence in Coastal Resilience / Cathy Kamanu, farmer from Kenya.

How do we address climate change, reduce poverty, and boost shared prosperity on a livable planet? Climate change is one of the defining issues of our time, and no country is immune.

On this episode of The Development Podcast, we hone in on voices across Africa about the experience of climate change and how it intersects with poverty, and we hear from the World Bank’s Chief Economist for Sustainable Development in Washington, DC. Tune in as we speak with Cathy Kamamu, a farmer from Kenya, Professor Denis Aheto, Director of the Centre for Coastal Management, World Bank Africa Centre of Excellence in Coastal Resilience, Roselyn Fosuah Adjei, Director of Climate Change for the Ghana Forestry Commission, and Richard Damania, Chief Economist for Sustainable Development at the World Bank.  

Tell us what you think of our podcast here >>>. We would love to hear from you!

 

 

USAID’s First Localization Progress Report: Four Highlights

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Sarah Rose is USAID’s Senior Advisor for Localization.18489309079_305cef6011_k_c2fd73d0f0

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. 

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World Bank Group Intensifies Focus on Private Sector, Launches Effort to Scale Investment in Emerging Markets

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PARIS, June 22, 2023—The World Bank Group today launched the Private Sector Investment Lab, a concrete step in a broader effort to develop, and rapidly scale, solutions that address the barriers preventing private sector investment in emerging markets.

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Work with USAID June 2023

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UPCOMING EVENTS

USAID 14th Annual Small Business Conference
On Wednesday, June 21, USAID’s Office of Small and Disadvantaged Business Utilization (OSDBU) will host its 14th Annual Small Business Conference, this year titled “Pathways to Partnership.” The conference will provide existing and prospective U.S. small business partners to engage with USAID Bureaus, Independent Offices, and Mission staff. Register here.

Talking with Primes: Best Practices for Working with USAID as a Sub-Awardee
On Tuesday, July 11, at 10:30 a.m. ET, join USAID’s Industry Liaison and Konektid International for an interactive webinar on sub-awards. The webinar will cover best practices for USAID sub-awards, identify ways to connect with prime partners and discuss strategies for identifying funding opportunities. Register here. 

How to Work with USAID 101
On Thursday, July 20, at 9:00 a.m. ET, join USAID’s Industry Liaison team for a virtual How to Work with USAID 101 session. Current and prospective partners will engage with Agency staff and learn about USAID’s operational framework and how to find funding opportunities. Register here.

 
 

 

Hiding in plain sight: The missing trillions for climate change

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In debates about how to finance the growing bill for climate change, many worry where we hero_factory.jpg 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. 

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