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2015 was a historic year with the adoption of a new approach to development finance through the Addis Ababa Action Agenda, the 2030 Agenda and the Sustainable Development Goals, a disaster risk framework in Sendai, and the Paris Climate Agreement at COP21. These efforts will guide the UN system and the UN-World Bank Group partnership through 2030.
Richard Damania is the Chief Economist of the Sustainable Development Practice Group, effective March 1, 2020. He has held several positions in the World Bank including as Senior Economic Advisor in the Water Practice, Lead Economist in the Africa Region’s Sustainable Development Department, in the South Asia and Latin America and Caribbean ...
Overview. With a Gross Domestic Product (GDP) of approximately US$640 billion, Argentina is one of the largest economies in Latin America. Argentina has vast natural resources in energy and agriculture. Within its 2.8 million square kilometers territory, Argentina is endowed with extraordinary fertile lands, gas, and lithium reserves, and has ...
The World Bank’s work in urban development aims to build sustainable cities and communities through an urbanization process that is inclusive, resilient and low carbon, productive, and livable, contributing to the Sustainable Development Goal (SDG) No.11, implementation of the New Urban Agenda, as well as the World Bank’s goals to end ...
The "green bond" (2008) has been a key innovation that has led the way to the development of a green, social, and sustainability (GSS) bond market, totaling $3.8 trillion in financing by the end of 2022. Today, the World Bank is the largest issuer of sustainability bonds. Building upon our experience in the GSS bond market, we also provide ...
As of September 2024, the World Bank portfolio in Madagascar stood at $3.8 billion and includes 19 national projects and 5 regional operations. Infrastructure takes the largest share of financing at 39% ($1.5 billion), followed by human development at 28% ($1.1billion), sustainable development at 23% ($905 million), and equitable growth ...
The short- and medium-term outlook is positive, with a projected GDP growth rate of between 7% and 7.5% in the coming years. The country must preserve its stock of natural capital. The challenge that lies ahead for Côte d’Ivoire is not only to continue its economic growth at an accelerated pace, but also to ensure that this growth is ...
In 2015, the world came together to agree on 17 Sustainable Development Goals for poverty, hunger, health, education, affordable clean energy and more. That same year, countries adopted the Paris Agreement on climate change and, in 2016, the World Bank Group launched a Climate Change Action Plan. The World Bank Group’s Climate Change Action ...
The World Bank recognizes that CLD approaches and actions are important elements of an effective poverty-reduction and sustainable development strategy. In many countries, CLD operations are the only mechanism available to reach remote and vulnerable groups in a timely, credible and responsive manner. They have a strong track record in moving ...
The Republic of South Sudan became the world’s youngest nation and Africa’s 54 th country on July 9, 2011. . However, outbreaks of civil war in 2013 and 2016, persistent subnational violence, weak management of public resources, and political contestation have undermined post-independence development gains and intensified existing humanitarian nee