Initiative will use solar off-grid, mini-grids and other means to promote universal access to electricity
Washington, Nov. 9, 2022—The World Bank Group announced today an innovative initiative to accelerate the pace of electrification in Africa to achieve universal access by 2030. The World Bank, the Multilateral Investment Guarantee Agency (MIGA), the International Finance Corporation (IFC), and other development agencies will promote private investment in distributed renewable energy (DRE) systems to electrify targeted areas quickly and efficiently. The Distributed Access through Renewable Energy Scale-Up Platform (DARES) calls for joint action by government, private investors, and development agencies to solve Africa’s immediate needs while developing DRE solutions that can be applied globally.
Why did the World Bank decide to update the International Poverty Line, and why now?
As differences in price levels across the world evolve, the global poverty line has to be periodically updated to reflect these changes. Since 2015, the last update, we have used $1.90 as the global line. As of fall 2022, the new global line will be updated to $2.15.
devastating droughts in Southern Africa and West Africa to cyclones and flooding in East Africa, extreme weather is threatening crops and livestock and putting millions of Africans at risk for food insecurity. 237 million people suffer from chronic undernutrition in Sub-Saharan Africa, a number that rose in 2017, derailing gains that were made in previous years. The message from the headlines is loud and clear:
For over 140 years, Elsevier has supported more than 1,000,000 global scientific and academic communities in their pursuit for new and verified scientific knowledge through access to peer-reviewed content, strategic research management tools, and capacity-building activities that promote and celebrate world-class science.
Over the last 12 years, Elsevier has closely collaborated with partners such as the World Bank, the Inter-American Development Bank, and the Dutch Organization for Internationalization in Education (NUFFIC) to support activities in emerging economies to enhance higher education and research, develop better science and technology, and improve local competitiveness. These efforts have allowed Elsevier and, specifically, the World Bank, to co-launch several regional and country initiatives and research metrics and evidence to contribute to promotion of discussions on research investment and collaboration.