Unlocking Private Investment in Climate Adaptation and Resilience

STORY HIGHLIGHTS

  • A new joint report by the World Bank and IFC offers a blueprint for action for climate-adaptation-and-private-sector-report-covergovernments to catalyze private investment in climate adaptation and resilience.
  • The blueprint for action lays out a systematic approach to incentivize adaptation financing from the private sector and meet countries’ fast-growing financing needs to achieve climate resilience.
  • The approach will be tested in several pilot countries as part of the World Bank Group’s support towards enabling private investment in adaptation.

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After the pandemic, put women first

 

From education to entrepreneurship, global recovery efforts need to pay shutterstock_1835789131particular attention to the needs of women and girls. 

Policymakers haven’t always considered how economic shocks impact women and men differently — or how governments should respond.  When the 2008 recession hit, few asked how stimulus measures would affect women compared with men.

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Prevent the next food crisis now

 

Firms and workers continue to be deeply impacted by the COVID-19 pandemic as it enters its dominic_chavez_ifc_rwanda_2019 eleventh month. Building on insights from COVID-19 Business Pulse Surveys, the first blog post in this series described the implications of the crisis for firm sales, employment, and financial performance, while the second discussed record levels of uncertainty and firms’ coping strategies, including adoption of digital technology. This third and final part of the series focuses on public policy responses.

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Matching climate change ambition with collective action

Despite contributing the least to the climate crisis, Sub-Saharan Africa, home to over 1 billion matching-climate-change-ambition-collective-action-1140x500people, continues to suffer some of the worst consequences of a changing climate. In 2019, we saw the catastrophic impacts of Cyclone Idai on millions of people in Mozambique, Zimbabwe, and Malawi, and in 2020, locusts caused widespread food insecurity in the amidst of a global pandemic.

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Recap: The impact of the pandemic on woman and girls.

 

Evidence from outbreaks similar to COVID-19 indicates that women and girls can be affected in particular ways, and in some areas, face more negative impacts than men. In fact, there is a risk that gender gaps could widen during and after the pandemic and that gains in women’s and girls’ accumulation of human capital, economic empowerment and voice and agency, built over the past decades, could be reversed. The World Bank Group is working to ensure that projects responding to COVID-19 consider the pandemic’s different impacts on men and women.

COVID-19 spurs big changes in Pakistan’s education

 

worldbank_teleschool_artwork_-_copyPakistan’s schools are reopening again today after a nearly uninterrupted 11-month hiatus.  In March 2020, the Government of Pakistan closed all schools as part of a nationwide lockdown, prompting the Ministry of Federal Education and Professional Training (MoFE&PT) to seek education alternatives to ensure learning continuity.

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Realizing the returns to schooling: How COVID-19 and school closures are threatening women’s economic future

COVID-19 is threatening the gains being made in girls’ education. Urgent action is needed to sierraleoneensure that girls and women can realize the returns to their schooling. 

Returns to schooling for women are high – so says Bono and the research. A couple of years ago, in an essay in Time magazine Bono wrote: “Give girls just one additional year of schooling and their wages go up almost 12 percent.” He said the same thing a year before that at the Munich Security Conference. The source of that quote was a 2014 World Bank paper and a recent update confirms this is still the case. At the same time, girls are staying in school longer and learning more. However, these gains are at risk as COVID-19 is presenting a crisis within a crisis for girls’ education.

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Prevent the next food crisis now

 
 

The toxic cocktail of climate change, conflict, and COVID-19 is making itself felt most intensely 20200520_indonesia_covid19_15_1in the world’s poorest and most vulnerable countries.  As a result, a record 235 million people worldwide will need humanitarian assistance and protection in 2021 – an increase of 40% from last year.

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Webinar: Global Economy: Reversing the Scars of COVID-19

 

World Bank Live Presents : The COVID-19 pandemic has caused major disruptions in the global economy that could have  lasting adverse effects. If history is any guide, the global economy is heading for a decade of growth disappointments. Uncertainty about the post-pandemic economic landscape and policies has discouraged investment; disruptions to education have slowed human capital accumulation; concerns about the viability of global value chains and the course of the pandemic have weighed on trade and tourism.

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Supporting a Green, Resilient and Inclusive Recovery on West Africa’s Coast

 

In Gbekon, Benin, summers come with flooding from the Mono River. Erosion of the nearby supporting-green-resilient-and-inclusive-recovery-west-africas-coast-1140x500coast, along with more unpredictable rainfall, have made these floods worse over time. Each flood cuts access to the only road connecting people to farms, jobs, and public health services and put thousands of lives and livelihoods at risk. In 2020, the World Bank-financed West Africa Coastal Areas Program (WACA) built dikes and instituted other measures to manage river flows and prevent flooding, with the result  that more than 3,600 households were less exposed to coastal erosion and flooding.

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