Stories of resilience from Madagascar, the Central African Republic, and Egypt
Are climate change and drought connected? We asked Richard Damania, the World Bank’s
Chief Economist for Sustainable Development, and two experts from the Bank’s Sustainable Development unit: Senior Economist Esha Zaveri and Senior Climate Change Specialist Nathan Engle. The three are authors of the paper, Droughts and Deficits: Summary Evidence of the Global Impact on Economic Growth.
Global Trends in Child Monetary Poverty According to International Poverty Lines, published
jointly by the World Bank and UNICEF, presents estimated trends in child poverty from 2013 to 2022, based on three international poverty lines: $2.15 (extreme poverty), $3.65 (lower middle income), and $6.85 (upper middle income). The estimates show that:
WASHINGTON, September 18, 2023—World Bank President Ajay Banga; International Monetary Fund (IMF) Managing Director Kristalina Georgieva; and Kingdom of Morocco Minister of Economy and Finance Nadia Fettah Alaoui, today issued the following statement:
Partnership will boost innovation and unlock opportunities across Latin America and the Caribbean
WASHINGTON, August 31, 2023 ― The World Bank and the Inter-American Development Bank (IDB) today announced a groundbreaking four-year partnership to drive stronger results for people in Latin America and the Caribbean.
This blog originally appeared in the Project Syndicate on September 8, 2023
Amid an escalating climate emergency and a global debt crisis, calls for a new “fit for climate” global financial architecture are growing louder throughout the developing world. The urgent need for decisive action has been underscored by Barbadian Prime Minister Mia Mottley’s Bridgetown Initiative, the V20 group of climate-vulnerable countries, and the recent Paris Summit for a New Global Financing Pact. This week’s Africa Climate Summit in Nairobi presented a unique opportunity to promote much-needed measures to support low-income countries in pursuing sustainable growth.
Beer is 95% water (the rest is alcohol and gas). In Lubango, a city on a high plateau in
Southern Angola, the makers of N’Gola beer depend heavily on a water source of exceptional quality. Rainwater seeps into the vertical crevasses of Tundavala, breathtaking rock formations 2,200 meters above sea level. It collects in the rock then rushes downhill to Lubango, producing at times 200 cubic meters of water per hour. The source is so special it is mentioned on the N’Gola beer label and stylized as a golden waterfall with a crown.
This week, as we gather in Nairobi for the Africa Climate Summit which brings together
policymakers from across the continent to talk about the climate challenges faced by African countries, I am encouraged by some of the stories of young Africans whose lives are being transformed by solar power – and the potential it has for the continent.
Stories of resilience from Madagascar, the Central African Republic, and Egypt
We couldn’t even figure out how to face the next day or find food for our children.”
Volatsarasoa is a mother of four who lives in the village of Malangy, near the southern tip of Madagascar in one of the poorest regions in the country. With a fifth child on the way, she spends a lot of time thinking about a prosperous future for her children by learning from the experiences of her recent past.
“Me, my husband, and my children suffered a lot because there was no food, and we were starving. We barely ate, most of the time just a cup of rice for all of us, and only in the evening. It was very hard, and we couldn’t even figure out how to face the next day or find food for our children with everything going on I was worried. I was panicked.”
Netherlands for the World Bank 
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