Tag Archives: RVO

Unleashing opportunities for women in Africa with access to energy

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The extraordinary lack of energy in Africa–affecting about 300 million women-has profound effects on women’s economic opportunities. Women are already disproportionately affected by energy poverty, especially in rural areas. On average, women and girls spend 50 hours a week just fetching firewood, cooking, and collecting water. That’s 50 hours spent on subsistence, not on growing a business, pursuing education, or improving their health. In fact, 900 million African women and girls who lack access to clean cooking technology suffer from smoke inhalation-related diseases. That’s a huge barrier to their health, education, and economic potential.

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Powering Africa: The Transformational Impact of Regional Energy Projects in West Africa

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Results Highlights

  • The construction of a 1,303 km 225 Kilovolt (kV) transmission line connecting the electricity grids of Côte d’Ivoire, Guinea, Liberia, and Sierra Leone (CLSG) has facilitated cross-border electricity trade and delivered affordable, renewable, and abundant electricity to approximately 2.8 million people across Guinea, Liberia, and Sierra Leone. This initiative has also contributed to a reduction in greenhouse gas emissions, amounting to about 13.8 million tons of CO2.
  • A newly built 228 km 225 kV transmission line connecting Kayes in Mali and Tambacounda in Senegal has significantly improved electricity supply and access for 404,000 people in Mali, Mauritania, and Senegal.
  • The Gambia River Development Organization (OMVG) Interconnection has helped improve access to clean, lower-cost, and more reliable electricity service for more than 2.5 million households and businesses, equivalent to 15 million beneficiaries in Guinea, Guinea-Bissau, Senegal and The Gambia.
  • The construction of a 913 km 330/225 kV transmission line connecting Benin, Burkina Faso, Niger, and Nigeria under the North Core Interconnection project is expected to successfully deliver 600 MW of affordable, renewable, and abundant electricity to Niger, Burkina Faso, Benin, and Togo, and provide rural electrification to approximately 1.2 million people across Niger and Burkina Faso.
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A strong foundation: Ensuring Türkiye’s resilient recovery and reconstruction

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Two years ago, Türkiye was shaken by a series of devastating earthquakes, which claimed over 50,000 lives and caused direct damages exceeding $34 billion and associated reconstruction costs estimated at $ 81.5 billion. Entire neighborhoods were reduced to rubble, with thousands of homes, schools, hospitals, and transportation networks destroyed. More than 1.5 million people were displaced, and millions face an uncertain future in the wake of the immense loss and disruption.

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Bringing Light and Life to Rural Health Centers in Madagascar

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A rural health center in Mateliona Betafo, Madagascar, has transformed healthcare delivery with solar-powered electricity through the World Bank-supported LEAD Project. For nearly seven years, midwives like Lovatiana Rasoarinjanahary worked under unsafe, dim conditions, relying on candles or dying phone batteries. Since June 2024, the center – one of 500 electrified by LEAD – now provides safe, well-lit care, benefiting vulnerable populations. The project improves lighting, refrigeration, and sterilization, enhancing maternal and child healthcare while supporting Madagascar’s goal to double electricity access through cost-effective, off-grid solutions. Lives and communities are brighter and safer with this innovation.

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Why developing economies need a new playbook

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As the 21st century dawned, world leaders were in a confident mood. They resolved to make “the right to development a reality for everyone” and free “the entire human race from want.” Fifteen years later, buoyed by the initial burst of progress, they set a tight deadline: “We resolve, between now and 2030, to end poverty and hunger everywhere.”  

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WORLD BANK GROUP YOUTH SUMMIT

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Pitch Competition Launch

Calling all young innovators and changemakers! Join the World Bank Group Youth Summit 2025 Pitch Competition Launch on January 16th, 2025 (time to be confirmed). Discover how to pitch your creative solutions addressing climate action, digital transformation, and creative industries. We will spotlight the inspiring work of young entrepreneurs and past competition winners tackling global challenges. 

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For full competition rules and timeline, visit our website.

More details on the session and speakers coming soon.

 

 
 
 

 

World Bank’s USD 6 Billion 7-Year Global Bond Achieves Record Orderbook

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WASHINGTON, D.C., January 7, 2025 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 7-year benchmark bond that matures in January 2032.  The Sustainable Development Bond raised USD 6 billion from investors seeking a high-quality liquid investment that supports the World Bank’s work to end extreme poverty and boost prosperity on a livable planet.

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Information session on international financing options for reconstruction projects in Ukraine

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Are you interested in contributing to Ukraine’s reconstruction and looking for financial opportunities? Then join our information session on international financing options for reconstruction on 13 February 2025. We will inform you about the opportunities that international financial institutions (IFIs) can offer you.

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Informatiebijeenkomst internationale financieringsopties voor wederopbouwprojecten in Oekraïne

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World Bank Group Sanctions System: Promoting good governance and tackling corruption

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Accountability is a basic principle of good governance. But in a rapidly evolving world, howanti-corruption-day-1140x500_1140x500 can public institutions ensure their checks and balances remain strong and responsive to change?  

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Quality, affordable health services for 1.5 billion people: A vision for a healthier, more resilient world

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The scale of the global health challenge is staggering. Global megatrends—such asquality-healthcare-1140x500_1140x500 decreasing investments in health systems, climate change, and aging populations—are making it harder to access quality, affordable health care.  Over half of the world’s population lack access to essential health services, and nearly 2 billion people face financial hardship due to the high costs of health care. Without access to essential health services, millions remain trapped in cycles of poverty. This lack of opportunity stifles human potential and economic growth. Good health means improved quality of life, increased access to education and employment, and greater resilience in the face of future crises.

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