Friday 28th January 2022
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Tag Archives: World Bank Group

World Bank harps on nature preservation for economic growth

David R. Malpass

The World Bank Group President, David Malpass, says preserving nature and maintaining its services are critical for economic growth. David R. Malpass, President of the World Bank Group Malpass stated this on Friday, July 2, 2021 in a report titled: “The Economic Case for Nature: A Global Earth-Economy Model to Assess Development Policy Pathways”. He said that nature-smart policies and ...

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World Bank to invest over $5bn in drylands in Africa

David R. Malpass

The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. David R. Malpass, President of the World Bank Group World Bank Group President David Malpass announced the investment at the One ...

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World Bank approves $1.5bn COVID-19 recovery, stimulus for Nigeria

David R. Malpass

The World Bank Group has approved a $1.5 billion package to help build a resilient recovery post-COVID-19 in Nigeria. David R. Malpass, President of the World Bank Group This is according to a statement issued by the group on Tuesday, December 15, 2020 in Washington D.C. It added that the group also discussed a new five-year Country Partnership Framework (CPF) ...

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World Bank prepares $12bn for poor states to buy COVID-19 vaccines

David R. Malpass

The World Bank has announced a $12 billion allocation for an initiative to cover payments for coronavirus vaccines for low-income countries, The Guardian newspaper reported. David R. Malpass, President of the World Bank Group The media outlet cited World Bank President, David Malpass, as making the submission. The programme is set to ensure countries of low- and middle-income would also ...

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Coronavirus pandemic threatens gains of past decade – World Bank report

David R. Malpass

The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital – the knowledge, skills, and health that people accumulate over their lives – are key to unlocking a child’s potential and to improving economic growth in every country. David R. ...

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World Bank approves $500m for girls’ secondary education in seven states

Girl child

The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment (AGILE) towards improving secondary education opportunities among girls in seven states in the Nigeria.  The girl child education A statement from the bank in Abuja on Wednesday, July 29, 2020 noted that the credit was approved from its International Development Association (IDA) ...

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World Bank commits $500m to fight locusts, preserve food security, protect livelihoods

Desert locust swarm

The World Bank Group approved on Thursday, May 21, 2020 a $500 million programme to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people.  Desert locust swarm The Emergency Locust Response Programme (ELRP), approved by the World Bank’s Board of Executive Directors, will focus on ...

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How to unlock private investment for climate action

Tom Kerr

In 2016, the historic Paris Climate Change Agreement accelerated already growing markets for climate-smart investment. And 2015 was another record-breaking year for renewable energy, with nearly $350 billion invested, more than double the amount going to fossil-powered generation. The growing attraction of climate business was evident at last year’s UN Climate Change Conference in Marrakesh, where more and more major ...

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Leaders, CEOs back carbon pricing to boost global economy

French_President_Francois_Hollande

Six heads of state and government and the leaders of the World Bank Group and the International Monetary Fund in Paris on Monday, November 30 2015 called on companies and countries to follow up on their ambitions for Paris by putting a price on carbon to drive investment for a cleaner, greener future. In a remarkable show of unity on ...

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