Is Artificial Intelligence the future of farming? Exploring opportunities and challenges in Sub-Saharan Africa

Across Sub-Saharan Africa, a quiet revolution is underway. Smallholder farmers are increasingly leveraging Artificial Intelligence (AI), once a futuristic concept, to transform agriculture. AI now plays a crucial role in addressing the region’s most pressing challenges: food insecurity, environmental degradation, and economic inequality. 

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Empowering Women Tech Entrepreneurs in Georgia Unleashes Innovation

STORY HIGHLIGHTS

  • Women in Georgia’s technology sector face the same market challenges as men in launching startups but must also contend with preconceived notions of “acceptable” women’s work, and these biases can impact access to funding, mentorship, and networking.
  • The World Bank has helped the country address this gap by providing training and mentorship opportunities to thousands of entrepreneurs, over half of them women.
  • GENIE Program graduates—like Nato Toronjadze, founder and CEO of Bizon, and Ana Robakidze, founder and CEO of Theneo—despite the challenges, have turned their innovative ideas into successful ventures that are creating jobs and boosting growth.

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

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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USAID Launches New Window of $50 Million for EDGE Fund to Boost Innovation through Private Sector Partnerships

Press Release

USAID announced a new $50 million round of funding for the USAID’s EDGE Fund. The EDGE Fund enables USAID Missions worldwide to leverage private sector expertise, networks and supply chains to drive sustainable and scalable solutions to global challenges.  

Recognizing that the needs faced by communities around the globe are simply too large for governments and donors to tackle alone, USAID engages a wide range of partners in its work, most notably the private sector. The EDGE Fund supports the most catalytic types of private sector partnerships in which there is significant alignment between the commercial interests of our private sector partners, the development objectives of the Agency, and development needs of local populations, ensuring continued private sector investment into targeted communities well into the future.

Through prior rounds of EDGE funding, USAID is investing $100 million and is leveraging over $280 million from the private sector to implement solutions that could unlock upwards of $2 billion in mobilized investments for sustainable development. Through collaborations with over 80 private sector partners, the EDGE Fund is advancing market-led solutions that address conflict, displacement, and food insecurity; accelerate inclusive economic growth; tackle the climate crisis; and combat political repression and corruption.   

This new $50 million third round of funding, brings total USAID investment through the EDGE Fund to $150 million.

Prospective partners can submit Expressions of Interest on the EDGE Fund page.

 

 
 
 

 

Côte d’Ivoire’s Debt-for-Development Swap, Enabled by the World Bank Group, Will Free up Funds for Education

ABIDJAN, December 5, 2024 – With support from the World Bank Group, Côte d’Ivoire will complete a debt-for-development swap, a transaction designed to improve the country’s debt profile and generate significant fiscal savings. The money saved by replacing expensive debt with cheaper financing will be used to improve education across the country. This will be the first debt-for-development swap of its kind supported by the World Bank Group.

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South Asia’s Development Journey: How IDA is Transforming Lives

For over six decades, the World Bank’s International Development Association (IDA) has2024-sar-ida-1140x500_1140x500 been a lifeline for low-income countries, providing them with affordable development funding when few other options exist. IDA has helped improve millions of lives and supported development results that have moved countries forward.

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Introduction: Advisor to Executive Director Nadia van Huisstede

About 3 months ago (September 2024) I started my position at the Dutch executive NvH_pasfotodirector’s office at the World Bank. Coming from the NL Ministry of Finance, my previous job was coordinating the team responsible for World Bank, IMF and G20 matters where my focus was on the World Bank and sovereign debt. Great to be at the Bank now and to remain engaged – albeit in a different role – in the leading multilateral development bank.

In previous roles at the Ministry of Finance I focused on the European Investment Bank and on the NL budget. My expertise is in financial issues (capital increases, domestic resource mobilization, illicit financial flows, financial instruments). No surprises there when looking at my background.

At the Bank I will continue to cover those issues and IDA, climate including biodiversity & nature and procurement.