|
Tag Archives: President
8 Billion Reasons: Inclusive Finance as a Catalyst for Climate Action
“Inclusive finance has a unique and critical role to play in ensuring that climate finance makes its way into the hands of the most vulnerable and empowers them to act… Given the increasing scale and frequency of climate shocks, now is the time for united action to make inclusive finance a corner-stone of climate response, creating a more sustainable future for those most affected by climate change.”
— H.M. Queen Máxima of the Netherlands, United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development, and Ajay Banga, President, World Bank Group
Board Approves World Bank’s Role as Host and Trustee for the Fund for Responding to Loss and Damage
Historic Fund will assist developing countries hit by adverse effects of climate change.
WASHINGTON, June 10, 2024—The World Bank’s Board of Executive Directors today approved the World Bank’s role as interim secretariat host and trustee of a fund for responding to loss and damage caused by climate change.
Observing World Menstrual Hygiene Day: Understanding the struggles through data
On May 28, we mark World Menstrual Hygiene Day, a time to spotlight the importance
of menstrual health, which must be recognized as the complete physical, mental, and social well-being of women and girls in relation to the menstrual cycle. Menstrual hygiene is the ability of women and adolescent girls to manage their menstruation in a hygienic manner, with dignity, using clean menstrual absorbents, and having access to facilities for changing in privacy, as well as for washing their bodies and hands.
To tackle climate change, governments increasingly turn to green subsidies
Given the global concern about the existential threat posed by climate change, government subsidies aimed at spurring green technologies and the green transition—from solar panels to electric vehicles—can play a greater role. And the number of subsidies with green objectives is indeed increasing, according to the World Bank’s new Green Subsidies Database.
Continue readingThe Blue Economy: Shoring Up Opportunities for Island Nations
Caught in the crosshairs of escalating global crises, Small Island Developing
States (SIDS) meet May 27-30, 2024, together with the international community, to discuss ways to tackle issues including their vulnerability to the impacts of climate change, exposure to pollution, and economic headwinds.
IFC to Help Financial Institutions Support Small Businesses Through New Global MSME Financing Platform
Washington D.C., May 28, 2024—IFC, a member of the World Bank Group, today launched a new initiative to help financial service providers deliver funds to small businesses in emerging markets, especially those owned by women and those focused on agriculture and climate.
The MSME Finance Platform (the Platform) will include a financing package of up to $4 billion from IFC’s own account to banks, non-bank financial institutions, microfinance institutions, and innovative digital lenders that focus on micro, small, and medium enterprises (MSMEs). It will be available to both new and existing IFC clients.
Becoming a Knowledge Bank – Delivering solutions at impact and scale
As part of our efforts to become a better Bank, one that’s fit for purpose to meet the needs of the countries we support and to end poverty on a livable planet, the World Bank is transforming its approach to knowledge. We’re putting the client, those living in developing countries, at the heart of our knowledge work.
Continue readingIDA’s Role in an Increasingly Complex Global Aid Architecture
STORY HIGHLIGHTS
- Global aid architecture has transformed significantly in the last two decades, with Official Financial Flows (OFF) increasing and benefiting low-income countries.
- However, this led to a complex and fragmented aid architecture and fewer concessional resources. Multiple donors and channels create obstacles for low-income countries with weak implementation capacity.
- IDA is the partner of choice to tackle challenges caused by complex aid architecture. Its global presence and ability to convene stakeholders facilitate better coordination among various efforts.
Collaboration between the Netherlands and Ivory Coast on Coastal Protection
The governments of Ivory Coast and the Netherlands, represented by Ivory Coast officials, Invest International, and the Dutch Minister of Foreign Trade and Development Cooperation, Liesje Schreinemacher, have initiated a project to strengthen the coastline near Abidjan. The collaboration aims to protect Ivory Coast’s coastline from flooding and erosion using sustainable, nature based solutions. To begin, a feasibility study funded by a one million euros investment will assess the best methods for coastal reinforcement. The subsequent implementation phase, anticipated to cost millions of euros, will safeguard Ivory Coast’s coastal regions and creates substantial opportunities for Dutch companies.
Continue reading
Netherlands for the World Bank 
You must be logged in to post a comment.