In debates about how to finance the growing bill for climate change, many worry where we 
can find the money.
There is reason to worry. As part of the Paris Agreement, the world’s wealthier countries reaffirmed their commitment to mobilize at least $100 billion of climate financing annually to help developing countries to adapt to climate change, invest in renewable energies and achieve low-carbon development. But getting there is a work in progress.
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Dear Reader, |
As much as researchers try to isolate the factors of success in controlling corruption,
whether it be at a national scale or that of a particular organization, there is always a residual unexplained element. It may be attributed to culture, systems, or other factors, but one catalytic ingredient is almost always leadership.
When future generations share the story of plastic pollution, it will include graphic images of 
turtles choking on plastic debris, zooming out to show beaches and communities laden with trash, and panning to medical reports showing microplastic in the average person’s bloodstream. This is a story that started as an environmental crisis, and quickly became an economic and health crisis. And it’s a story that intersects with the triple planetary crises we are grappling with today: biodiversity, climate, and pollution. We are on the brink of writing the next important chapter in this story.
The upcoming Summit for a New Global Financing Pact will bring together global leaders to 
look at how international financing can bring solutions to countries facing mounting crises from climate change to poverty and pandemics. This is an opportune time to focus on how international finance can jumpstart the clean energy transition, especially for the countries most vulnerable to climate change.
How the private sector is rising to meet the challenges of a global crisis
Across Africa, the private sector is rising to the pressing challenges posed by the 
global climate crisis.
From housing and energy to transport and agriculture, businesses on the continent are delivering strategies, technologies, and projects that are reducing the human impact on the environment, while supporting jobs, reducing poverty, and furthering development.
Global Economic Prospects
Global growth is projected to slow significantly amid high inflation, tight monetary policy, and 
more restrictive credit conditions. The possibility of more widespread bank turmoil and tighter monetary policy could result in even weaker global growth and lead to financial dislocations in the most vulnerable emerging market and developing economies (EMDEs). Comprehensive policy action is needed to foster macroeconomic and financial stability. Among many EMDEs, and especially in low-income countries, bolstering fiscal sustainability will require generating higher revenues, making spending more efficient, and improving debt management practices. Continued international cooperation is also necessary to tackle climate change, support populations affected by crises and hunger, and provide debt relief where needed.
An Article on How Institutional Reform Can Attract More Private Investment in Infrastructure.
A greater focus on regulatory quality and institutional reforms would bring much-needed extra private sector investment in Sub-Saharan Africa’s infrastructure, a new IFC study finds. Improvements in areas like strengthening the rule of law and lowering corruption levels would boost private investment by up to 0.8 percent of GDP over four years—or $20 billion. The benefits would reverberate across sectors including energy, environment, municipal services, telecommunications, information technology, transportation, and water
By Olivier Monnier and Abdoul Maiga
Tired of seeing plastic waste littering the streets of Ouagadougou, the capital of Burkina Faso, engineer Calvin Tiam took matters into his own hands.
With the help of Burkinabé and French research institutes, Tiam developed a technique for making furniture, roofing, and beacons from recycled polyethylene plastic packaging.
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