In emerging market and developing economies, many workers and small firms operate informally, outside the legal and regulatory framework, and that could hold back the pandemic recovery in these economies unless governments adopt a comprehensive set of policies to address the drawbacks of the informal sector, concludes a new book by the World Bank Group.
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“Frequently invisible, and often overlooked, capacity building is the all-important ‘infrastructure’ that supports and shapes charitable nonprofits into forces for good,” declares the National Council of Nonprofits based in Washington, DC, the largest existing U.S. network of nonprofit organizations.
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The world’s first Global Refugee Forum ended Wednesday with hundreds of pledges and a “decisive shift” in approach. More than 770 pledges were made that ranged from financial support to more inclusive government policies to improving access to refugee employment, education, clean energy and resettlement.
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UN Secretary-General Antonio Guterres warned world leaders not to come to his landmark Climate Action Summit with beautiful speeches alone, but to present plans for cutting greenhouse gas emissions and strategies for carbon neutrality by 2050. So what was promised at Monday’s event at UN Headquarters in New York?
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Investing in more resilient infrastructure in low- and middle-income countries would yield a net benefit of US$4.2 trillion, with $4 in benefit for each $1 invested, finds a new report from the World Bank and its Global Facility for Disaster Reduction and Recovery.
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At the close of Africa Climate Week, five days hosted by the Government of Ghana, Manuel de Araújo, mayor of the seaport city of Quelimane, Mozambique, told delegates how his region is suffering the catastrophic impacts of climate change right now.
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International Women’s Day has two themes this year. The theme “Think Equal, Build Smart, Innovate for Change,” addresses infrastructure, systems and frameworks constructed in line with a male-defined culture. The theme #BalanceforBetter inspires action to drive gender balance.
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No country’s economy is more water-intensive than Pakistan’s, and this degree of water use, combined with a warming climate, is leading to drought, water scarcity and arsenic-contaminated groundwater in the South Asian nation.
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Heads of state and government, diplomats and climate scientists, economists and bankers have gathered in Katowice for the UN’s annual climate conference, and this one is anything but routine. Known as COP24, it has a daunting task.
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Using the Commonwealth Bank of Australia as arranger, the World Bank has launched the world’s first bond to be created, allocated, transferred and managed through its life cycle using blockchain distributed ledger technology.
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Limited educational opportunities for girls and barriers to completing 12 years of education cost countries between $15 trillion and $30 trillion in lost lifetime productivity and earnings, says a new World Bank report.
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Advancing gender equality and women’s empowerment is one of the five themes that will occupy G7 leaders this year, says Canada’s Prime Minister Justin Trudeau, who is hosting the G7 June 8-9.
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“Growth will be short-term if it is based on depleting natural capital such as forests and fisheries. What our research has shown is that the value of natural capital per person tends to rise with income,” says Karin Kemper, senior director, Environment and Natural Resources Global Practice at The World Bank.
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Two years to the day after the historic Paris Agreement on climate, more than 50 heads of state, bank and finance executives and celebrities are meeting today to drive action to finance global efforts to meet the goals of the agreement.
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