World Bank

Seychelles Qualifies for World Bank Resilience Financing [viewed]

World Bank15 October 2014: The World Bank announced that Seychelles has become the first African country to gain access to the Bank's contingency financing to help build resilience and better respond to natural disasters, such as cyclones, flooding and landslides. The financing will allow Seychelles to access a reserve of US$7 million in the aftermath of any natural disaster declared an emergency by the government.

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Event: First Bangladesh SE4ALL Investor Forum [viewed]

The World Bank, Asian Development Bank (ADB) and US Department of State have partnered with the Government of Bangladesh to organize the first Bangladesh SE4ALL Investor Forum. The Forum will cover the global status of SE4ALL activities, opportunities for SE4ALL investment in Bangladesh and the current investment climate in the country. Participants will hear remarks from Mohinder Gulati, SE4ALL Chief Operating Officer; Tapos Kumar Roy, Additional Secretary in Bangladesh's Ministry of Power, Energy, and Mineral Resources; US Ambassador Dan Mozena; and high-level World Bank, ADB and German Government officials. The second day of the Forum (by invitation only), will feature presentations by project proponents.  

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GCF Publishes Compilation of Submissions on Investment Framework [viewed]

green-climate-fund-newOctober 2014: The Green Climate Fund (GCF) has published a compilation of submissions on the Fund's investment framework. Following the adoption of the Fund's initial investment framework in August 2014, the GCF Board's Investment Committee is considering elements for further development of the framework, including: definitions for activity-specific sub-criteria and a set of activity-specific indicators; minimum benchmarks for each criterion, consideration of best practices of other institutions; and identification and comparison of methodologies for assessing the relative quality and innovativeness of comparable funding proposals in comparable circumstances.

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World Bank Organizes “Boot Camp” for Green Businesses in Viet Nam [viewed]

World Bank17 October 2014: The World Bank and the Asian Development Bank (ADB) have created a course to support Vietnamese businesses in developing sustainable energy-related solutions and adaptation technologies in the transport, agricultural and water sectors. The ‘Clean Tech Bootcamp,' which consisted of lectures and workshops for 24 small- and medium-size clean-technology start-up companies, will be proceeded with support from a local business hub, to be established in the second half of 2014.

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September 2014 Water Finance Update [viewed]

wb.adb.ebd.afdb.gefSeptember 2014: During the month of September, the World Bank, Global Environment Facility (GEF), Asian Development Bank (ADB), African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) issued loans and highlighted work to address water-related issues including: conserving aquatic biodiversity; improving climate resilience; expanding water, sanitation and hygiene (WASH) services; implementing integrated water resources management (IWRM); and reducing disaster risk from flood and drought.

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CEOs, Finance Ministers Address Climate Change at World Bank, IMF Meetings [viewed]

WB and IMF13 October 2014: The 2014 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) tackled some of the most pressing issues and risks facing the world today, such as the Ebola epidemic, unrest in the Middle East, climate change and lack of money for critical infrastructure.

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World Bank Links Energy Subsidy Reform to Job Creation in MENA Region [viewed]

World Bank8 October 2014: A study by the World Bank finds evidence of a positive relationship between fuel prices, per capita gross domestic product (GDP) growth and job creation, and encourages the governments of the Middle East and North Africa (MENA) region to cut energy subsidies in order to build dynamic, employment-intensive economies. The study, titled ‘Corrosive Subsidies,' also projects economic growth in the MENA transition countries to be hampered by macroeconomic imbalances and unfinished subsidy reform.

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Event: 24th Adaptation Fund Board Meeting [viewed]

The Adaptation Fund Board (AFB) will hold its 24th meeting to hear reports from the Chair, the secretariat, the Accreditation Panel, the Project and Programme Review Committee (PPRC), and the Ethics and Finance Committee (EFC). The Board will also take up items remaining from its 23rd meeting, including: a strategic discussion of objectives and steps for the Fund; report from the fundraising task force; implementation of the readiness programme; and the second review of the Fund. Other agenda items include: communication and outreach; financial issues with regard to the Trust Fund, certified emission reduction (CER) monetization and project/programme pipeline; issues related to regional projects/programmes; dialogue with civil society organizations (CSOs); and election of the Chairs and Vice-Chairs of the Board, PPRC, EFC and Accreditation Panel.  

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Water Economists Address Efficiency and Water Conservation [viewed]

World Bank29 September 2014: The 11th meeting of the International Water and Resource Economics Consortium (IWREC), hosted by the World Bank, discussed the latest research on the economics of water management, focusing on the theme “Efficiency and Water Conservation.”

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September 2014 Sustainable Energy Finance Update [viewed]

climatefinanceoctSeptember 2014: During the month of September, the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), the African Development Bank (AfDB) and other donors undertook activities and approved funding for sustainable energy projects in various countries, including Albania, Burkina Faso, Jordan, Kazakhstan, Peru and Republic of Congo.

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