International Financial Institution

Lighting Global Urges Shift from Kerosene to Solar Lights [viewed]

lighting.globalAugust 2014: Lighting Global has released a study, titled ‘Energy and Carbon Benefits of Pico Powered Lighting,' which confirms that modern solar lighting products designed for low-income families without access to grid electricity are far more energy efficient than kerosene lamps. Through Lighting Global, the International Finance Corporation (IFC) and the World Bank collaborate to support sustainable growth of the global off-grid lighting market in order to increase access to modern lighting services for people without access to reliable electricity.

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PACC Project Completes Climate-Reslient Harbor in Cook Islands [viewed]

PACC22 August 2014: The Secretariat of the Pacific Regional Environment Programme (SPREP) has reported that, as part of the Pacific Adaptation to Climate Change Project (PACC), the Cook Islands have completed a climate-resilient harbor for the island of Mangaia. In addition, the tool developed to design the harbor can be used to design other coastal infrastructure in the Cook Islands.

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ADB Urges Focus on Food Insecurity, Disaster Reduction [viewed]

ADB20 August 2014: The Asian Development Bank (ADB) released its annual statistical report on key social and economic indicators, which calls for paying greater attention to the impacts of rising food prices on the poor, and addressing their vulnerability to disasters, climate impacts and other kinds of risk.

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Adaptation Fund Approves Project in Belize, Accredits Namibian NIE [viewed]

Adaptation Fund19 August 2014: The Adaptation Fund has approved a US$6 million marine conservation and climate change adaptation project in Belize, and accredited the Desert Research Foundation of Namibia (DRFN) as a National Implementing Entity (NIE).

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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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