World Bank

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06 07 2021 | 14:00

World Bank: Protecting nature could avert global economic losses of $2.7 Trillion per year

A new World Bank report has estimated that the collapse of select ecosystem services provided by nature could result in a decline in global GDP of $2.7 trillion annually by 2030.

26 05 2021 | 08:57

5 Ways the World Bank’s Climate Action Plan Could Go Further.

The recent 2021 World Bank Group/International Monetary Fund spring meetings took place during challenging times. The COVID-19 pandemic has caused loss of life and exacerbated global poverty and…

22 10 2020 | 08:51

World Bank Called Out for Continued Investments in Fossil Fuels.

The World Bank has come under fire by a leading European NGO over some of its loans and grants. In a recently issued report, the German group, Urgewald, lambasted the international financial…

16 10 2020 | 12:22

World Bank and IMF must spearhead a green and inclusive recovery.

A group of European ministers and the EC’s commissioner for international partnerships call for measures to foster long-term resilience in the global economy and environment. The world is facing an…

08 10 2020 | 10:25

Further 150m people face extreme poverty by 2022, warns World Bank.

Covid-19, climate crisis and war combine to reverse decades of progress on raising living standards. An additional 150 million people could be pushed into extreme poverty by the end of next year as…

27 09 2020 | 08:46

World Bank's IFC adopts new climate rules to deter lenders from backing coal.

LONDON (Reuters) - The World Bank’s private-sector arm has introduced new climate change conditions for its investments in commercial banks to encourage the lenders to wind down support for coal…

24 09 2020 | 13:00

Fund to cut emissions in developing world cities launched.

LONDON (Reuters) - A new multilateral finance fund was launched on Wednesday that aims to cut carbon emissions and improve conditions in developing-world cities. Implemented by the World Bank and…

24 09 2020 | 12:16

World Bank launches Africa climate strategy as pandemic hammers green growth.

The World Bank has launched its multi-billion dollar Africa climate change strategy for the next six years in a bid to kickstart green growth hampered by the Covid-19 pandemic.

05 06 2020 | 08:15

COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide.

To meet the Sustainable Development Goals (SDGs) targets by 2030, countries must safeguard the gains already attained and accelerate efforts to achieve affordable, reliable, sustainable and modern…

28 05 2020 | 08:26

World Bank approves record $500m to battle locust swarm.

In Kenya, the locusts are eating in one day the amount of food consumed by all Kenyans in two days, World Bank says. The World Bank has approved a record $500m in grants and low-interest loans to…

25 04 2020 | 12:45

World Bank Initiative Explores Innovative Use and Reuse of Wastewater.

STORY HIGHLIGHTS -The report reflects on the ‘Wastewater: From Waste to Resource’ initiative implemented in the LAC region, arguing lessons learned from this region are applicable globally. -The…

19 04 2020 | 07:55

Why Ghana’s smallholders aren’t excited by the latest ‘Green Revolution’

The Green Revolution – the introduction of new higher yielding seed varieties, increased use of fertiliser, irrigation and other mechanisation introduced since the 1960s – brought about a great …

15 04 2020 | 08:35

Coronavirus: World Bank predicts sub-Saharan Africa recession.

Sub-Saharan Africa will this year suffer its first recession for 25 years as a consequence of the coronavirus outbreak, a World Bank report predicts. In a grim assessment, the bank says that the…

15 04 2020 | 08:13

Will we learn lessons for tackling climate change from our current crisis?

Crises tend to bring out some of the best and the worst in us. We have watched in awe and admiration as health care professionals have responded with superhuman dedication to the Covid-19 pandemic.

04 12 2019 | 15:30

Egypt and Sudan in talks to defuse tensions over Ethiopian dam.

Nile basin countries fear for their future water supplies as the Grand Renaissance hydroelectric project reaches completion. A new round of high-level talks has started in Cairo between three Nile…

29 10 2019 | 13:56

World Bank opens writing contest for Sub-Saharan African youths on child marriage.

The World Bank has announced the launch of this year’s Blog4Dev competition, an annual writing contest that engages the Sub-Saharan African Youth to share their viewson critical issues that affect…

19 10 2019 | 09:56

Eskom: 75% renewable energy battery storage will be in Western Cape.

World Bank loan condition to Eskom was to install several clean energy projects in South Africa. On 9 October 2019, the Standing Committee on Finance, Economic Opportunities, and Tourism convened.…

08 10 2019 | 11:36

Last chance! 21-22/10/2019. Register now for the Seventh GGKP Annual Conference, "Achieving Global Energy Transformation".

We are two weeks away from the 7th GGKP Annual Conference (#GGKP7) "Achieving Global Energy Transformation", which will take place on 21-22 October 2019 in Seoul, Republic of Korea.

21 09 2019 | 13:00

Climate Adaptation is About People.

Around the world, climate change is already impacting lives and livelihoods, especially in the world’s poorest countries. Good adaptation can deliver good development. It can help improve lives,…

02 08 2019 | 06:15

Tunisia faces worsening energy deficit.

Tunisia produces about 40,000 barrels of crude oil per day, down from about 110,000 barrels per day in 2010. The Tunisian government has acknowledged the risks faced by the country’s economy because…