Tag: World Bank

Brazil Announces Expanded Commitment to Community-Led Conservation in the Amazon

Stuart Mitchell

The government of Brazil and a broad coalition of partners expanded their commitment to conserving the Amazon with the launch of a new initiative — ARPA Comunidades (ARPA Communities). Over 15 years, ARPA Comunidades will benefit more than 130,000 people and reduce deforestation pressure in 60 sustainable-use protected areas spanning 58.6 million acres, an area twice the size of Ohio. This move cements community leadership and sustainable community livelihoods as essential to the long-term protection of the Amazon. ARPA Comunidades builds on two decades of impact through the Amazon Region…

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WaterAid joins the World Bank in calling for closer cooperation and action on unsustainable debt burdens

Stuart Mitchell

WaterAid responds to comments from Ajay Banga, new president of the World Bank, who has urged for faster progress in providing debt relief. Sol Oyuela, Executive Director, Global Policy and Campaigns at WaterAid, said: “The Word Bank’s new president is right to highlight the urgent need for debt relief for poor countries– we need closer and more meaningful cooperation and action on unsustainable debt burdens to ensure progress is not hindered on climate and poverty reduction. “This week new findings also show the UK is 40% below its long-standing pledge to low-income…

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70% of 10-Year-Olds now in Learning Poverty, Unable to Read and Understand a Simple Text

Stuart Mitchell

As a result of the worst shock to education and learning in recorded history, learning poverty has increased by a third in low- and middle-income countries, with an estimated 70% of 10-year-olds unable to understand a simple written text, according to a new report published by the World Bank, UNESCO, UNICEF, UK government Foreign Commonwealth and Development Office (FCDO), USAID, and the Bill & Melinda Gates Foundation. This rate was 57% before the pandemic, but now the learning crisis has deepened. This generation of students now risks losing $21 trillion…

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UNESCO and World Bank launch framework for action for creative cities’ recovery, development and economic growth

Stuart Mitchell

UNESCO and the World Bank have partnered for the first time in a joint initiative to enable the cultural and creative industries in cities as part of their recovery and development during and after the COVID-19 pandemic.  In their position paper published on 21 May, UNESCO and the World Bank present the Cities, Culture, and Creativity Framework for action for cities to be more creative by enabling sustainable ecosystems in which cultural and creative industries can attain their full potential to contribute to economic growth, urban vibrancy, social inclusion and innovation.…

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World Bank and Credit Suisse partner to focus attention on sustainable use of oceans and coastal areas – the “Blue Economy”

Stuart Mitchell

  The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) issued a USD 28.6 million 5-year Sustainable Development Bond as part of ongoing efforts to raise awareness for the vital role fresh and saltwater resources play for people, livelihoods, and the planet. Credit Suisse Securities (Europe) Ltd., through its Impact Advisory and Finance Department, acted as the sole manager of the transaction. World Bank bonds support the financing of sustainable development projects and programs across a range of critical development sectors in member countries. This includes projects…

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