International Financial Institution

World Bank Approves GEF Grant for Energy Efficiency Programme in China [viewed]

22 March 2011: The World Bank approved a US$13.4 million grant from the Global Environment Facility (GEF) to provide technical assistance and capacity building to improve the quality and sustainability of energy efficiency programmes in three Chinese provinces.

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GEF Amazon Project Delivers Biodiversity and Climate Change Benefits [viewed]

14 March 2011: The Global Environment Facility (GEF) is funding the second phase of the Amazon Region Protected Areas Project (ARPA), further to a successful first phase that allowed the designation of 24 million hectares as new protected areas and consolidated or established management and enforcement systems for over eight million hectares of the new protected areas.

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IDB Funds Geothermal Volcano Energy [viewed]

9 March 2011: The Inter-American Development Bank (IDB) is providing a US$30.3 million loan to expand geothermal energy provision in Nicaragua to use the country's volcanoes as sources of clean energy for 1/12 of the households in the country.

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World Bank Outlines Green Growth Strategy for China [viewed]

20 March 2011: Speaking at the China Development Forum held in Beijing, China, Sri Mulyani Indrawati, World Bank Managing Director, analyzed China's macroconomic situation, highlighting that the country is "taking on issues of global importance such as climate change."

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Adaptation Fund Board Approves Projects in Solomon Islands, Eritrea and Ecuador [viewed]

18 March 2011: The Adaptation Fund Board has approved funding for projects in Eritrea, Ecuador and the Solomon Islands totaling US$19.5 million. The decisions were taken during the Board's 13th meeting, in Bonn, Germany, on 17-18 March 2011. The Board also approved a project concept from Uruguay that uses the Adaptation Fund's direct access modality for countries to access financing directly.

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World Bank Funds Hydropower Plant in Philippines Sibuyan Island [viewed]

18 March 2011: The implementation of a World Bank project in the Philippines has allowed the island of Sibuyan access to reliable electric power through the construction of 900 KW hydroelectric power turbines.

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ECOSOC High-Level Meeting with IFIs Addresses Financial Crisis, MDGs [viewed]

11 March 2011: A two-day High-Level Meeting of ECOSOC with the Bretton Woods Institutions, the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD) was held in New York, US, from 10-11 March 2011, and addressed pressing issues related to the global financial crisis and the achievement of the Millennium Development Goals (MDGs).

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UNGA Holds Debate on LDC Financing [viewed]

11 March 2011: The UN General Assembly (UNGA) held a day-long debate on 11 March 2011, in New York, US, on investment and financing for least developed countries (LDCs), with UN Secretary-General Ban Ki-moon highlighting that those countries need more and better targeted support from the outside in order to build their manufacturing and services sectors, and to mitigate the impact of climate change.

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World Bank Approves Loan for Disaster Recovery and Preparedness in St. Lucia [viewed]

10 March 2011: The World Bank approved a US$15 million zero-interest credit to help Saint Lucia rehabilitate key infrastructure damaged by Hurricane Tomas and improve its capacity to manage disaster risk.

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World Bank Approves Energy Efficiency and Security Loan for Jamaica [viewed]

10 March 2011: The World Bank approved a US$15 million loan to support an energy efficiency and security project in Jamaica. The project is expected to result in detailed policies and plans on renewable energy, to reduce the country's high dependence on imported petroleum products and move to cleaner fuels.

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