International Financial Institution

ADB Assesses Climate Change Costs in South Asia [viewed]

ADB19 August 2014: The Asian Development Bank (ADB) has published a report, titled ‘Assessing the Costs of Climate Change and Adaptation in South Asia,' which predicts that by 2050, the collective economy of six countries - Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka - will see an average annual economic loss of around 1.8% of GDP by 2050 that could rise to 8.8% in 2100 if the “world continues on its current fossil fuel-intensive path.”

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Event: 2015 Spring Meetings of World Bank and IMF [viewed]

The 2015 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will bring together thousands of government officials, journalists, civil society organizations, academia and the private sector. The IMF's International Monetary and Financial Committee and the joint World Bank-IMF Development Committee will meet to discuss progress on the IMF's and the WBG's work. Seminars, regional briefings, press conferences and many other events focused on the global economy, international development and the world's financial markets will also be held.  

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Event: 2014 Annual Meetings of World Bank and IMF [viewed]

The 2014 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) will bring together central bankers, ministers of finance and development, private sector executives and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development and aid effectiveness. Seminars, regional briefings, press conferences and other events focused on the global economy, international development and the world's financial system will be held. About 13,000 people are expected to attend this year's meetings. The Annual Meetings will open with a plenary on 10 October followed by meetings of the International Monetary and Financial Committee (IMFC) and of the Development Committee on 11 October. At the conclusion of each of these meetings, communiqués will be released providing guidance to the Executive Boards of the two institutions. A Civil Society Policy Forum will also be held, which will comprise a series of policy dialogue sessions and bring together Bank and Fund staff, civil society representatives, government officials and others.  

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GCF Calls for Inputs on Investment Framework [viewed]

Green Climate Fund (GCF)7 August 2014: The Secretariat of the Green Climate Fund (GCF) has issued a call for public inputs on aspects relating to the development of the Fund's investment framework. The call follows the adoption by the GCF Board of the Fund's initial investment framework in May 2014, and inputs will feed into the Board's consideration of the framework's further development.

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First US-Africa Summit Addresses Energy, Food Security [viewed]

us.africa.summit6 August 2014: The US-Africa Summit, which brought together over 50 Heads of State from Africa and US President Barack Obama, addressed, inter alia: promoting inclusive sustainable development; expanding trade and investment ties; engaging young African leaders; and expanding cooperation on peace and security. The Summit also featured sessions on resilience and food security in a changing climate, and combatting wildlife trafficking.

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World Bank Announces US$5bn for Power Generation in Africa [viewed]

power.africa5 August 2014: The World Bank has committed US$5 billion in technical and financial support for energy projects in six African countries partnering with US President Barack Obama's Power Africa Initiative. The support will consist of direct financing, investment guarantees and advisory services for project preparation, with the aim of creating 2.5 GW in new electricity generation capacity.

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ADB, Private Equity Investments Partner in Climate-Related Transactions [viewed]

ADB4 August 2014: The Asian Development Bank (ADB), ORIX Corporation (ORIX) and Robeco Institutional Asset Management B.V. (Robeco) have formed a joint venture titled 'Asia Climate Partners' (ACP), which will undertake commercially-viable, private equity investments across a range of low-carbon transactions throughout Asia.

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Food Security Project Supports Crop Conservation, Climate Resilience in Nepal [viewed]

wle-bioversity-gef-unepAugust 2014: Bioversity International has launched a project aimed to ensure food security in the Nepal Himalayas while supporting the sustainable use of traditional crop genetic resources and improving the resilience of agricultural ecosystems in the face of climate change.

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IMF Stresses Role of Taxes for Sustainable Energy Pricing [viewed]

international.monetary.fund31 July 2014: The International Monetary Fund (IMF) has released a book for policy makers on how to use tax policy to ensure that energy prices properly reflect impacts on the environment and sustainable economic development.

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Event: 10th WTO Ministerial Conference [viewed]

The 10th World Trade Organization (WTO) Ministerial Conference is expected to meet in December 2015. The Ministerial Conference is the topmost decision-making body of the WTO. It usually meets every two years, and brings together all members of the WTO.  

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