Climate costs and development together need vast new resources. For developing countries, 
the needs are particularly large to provide for growing populations and decades of underinvestment. They need to make major advances on education, energy production, electricity access, health, infrastructure and nutrition just to make up for losses in recent years. Climate costs require significant additional resources, as does the increase in the cost of debt service and repayment.
Tag Archives: RVO
Meeting Vietnam’s climate financing challenge
Vietnam is on the frontlines of the climate crisis, with increasingly destabilized water and
food supplies and threatened coastal areas. In the face of these challenges, the government is showing bold leadership and climate ambition. The recently updated Nationally Determined Contribution (NDC) significantly increased targets for emissions reductions across several key sectors. Vietnam has also translated global pledges on forests and methane into specific national action plans and policy priorities.
What is missing, however, is the financing needed to achieve these goals. Carbon markets and results-based carbon and climate finance, which pays for emission reductions once they are achieved, have huge potential to help meet this financing challenge. The quickly evolving carbon market ecosystem, however, has many rules, requirements, players, and priorities. The government of Vietnam has requested World Bank Group support in navigating this complexity and identifying opportunities to access carbon finance and market opportunities.
“Vietnam is on the frontlines of the climate crisis, with increasingly destabilized water and food supplies and threatened coastal areas. In the face of these challenges, the government is showing bold leadership and climate ambition.”
Food Security Update | World Bank Response to Rising Food Insecurity
Latest Update – April 24, 2023
Domestic food price inflation remains high around the world. Information from the latest month between December 2022 and March 2023 for which food price inflation data are available shows high inflation in almost all low- and middle-income countries, with inflation levels greater than 5% in 70.6% of low-income countries, 90.9% of lower-middle-income countries, and 87.0% of upper-middle-income countries and many experiencing double-digit inflation. In addition, 84.2% of high-income countries are experiencing high food price inflation. The most-affected countries are in Africa, North America, Latin America, South Asia, Europe, and Central Asia.
Download the latest brief on rising food insecurity and World Bank responses
Seminar on Financing Green Hydrogen Projects in Developing Countries
Wednesday May 10 at 15:30-17:00 CET, World Hydrogen Summit Rotterdam 
Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.
Better Migration Policies Can Help Boost Prosperity in All Countries
Competition for workers rising as populations age in rich and middle-income countries
WASHINGTON, April 25, 2023—Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to realize their long-term growth potential, according to a new report from the World Bank.
Seminar on Financing Green Hydrogen Projects in Developing Countries
Wednesday May 10 at 15:30-17:00 CET, World Hydrogen Summit Rotterdam
Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.
Small Island Developing States on a Path to Renewable Energy and Resilience: A Story from Maldives
Small Island Developing States (SIDS), which are home to 65 million people and bastions of 
biodiversity, face unique challenges. Because they are small, their economies are not diversified and hence particularly vulnerable to external shocks, such as the collapse of tourism during COVID 19 or sky-rocketing energy and food prices in the wake of Russia’s invasion of Ukraine. They are also extremely vulnerable to the rising sea levels and extreme weather brought on by climate change.
Seminar on Financing Green Hydrogen Projects in Developing Countries
Wednesday May 10 at 15:30-17:00 CET, World Hydrogen Summit Rotterdam
Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.
Rethinking Development in an Age of Crisis
Nowhere is the impact of recent crises – the lingering economic consequences of COVID-19 
and the global spillover effects of Russia’s war in Ukraine – being felt more acutely than in the developing world. People in poor countries are struggling to cope with higher food and fuel prices and unsustainable debt, while schoolchildren are still suffering from learning loss caused by the pandemic. In many places, economic growth has stalled.
Seminar on Financing Green Hydrogen Projects in Developing Countries
Wednesday May 10 at 15:30-17:00 CET, World Hydrogen Summit Rotterdam
Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.
Netherlands for the World Bank 
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