World Bank

August 2014 Climate Finance Update [viewed]

idb-adb-wb-cif5 September 2014: During the month of August 2014, the Asian Development Bank (ADB), the Inter-American Development Bank (IDB), and the World Bank reported on various climate finance projects. The Climate Investment Funds (CIF) announced a publication on the ADB's climate finance projects in the Asia-Pacific, and the World Bank highlighted its climate and disaster risk screening policies.

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August Water Finance Update [viewed]

erdb-wb-gef-adb-afdb31 August 2014: During the month of August, the World Bank, the Global Environment Facility (GEF), the African Development Bank (AfDB), the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD) issued loans or grants for projects in Laos PDR, Cameroon, South Africa, Armenia and Romania. The World Bank also reported on the implementation of projects in Viet Nam, Zimbabwe and India.

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August 2014 Sustainable Energy Finance Update [viewed]

ebd.eib.adb.worldbank.afdb31 August 2014: During the month of August, 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 Albania, Azerbaijan, Burkina Faso, Kazakhstan, Laos, Mali, Nigeria, Rwanda, South Africa and Viet Nam.

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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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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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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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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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July 2014 Climate Finance Update [viewed]

EIB-CIF-AfDB-EBRD-World Bank-GEF31 July 2014: During July 2014, the European Investment Bank (EIB) and the Global Environment Facility (GEF) have reported on climate investments. Both the African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) announced partnerships with the Climate Investment Funds (CIF) for a variety of climate-related investments. The World Bank also announced additional funding to be provided by CIF.

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