Maximpact Blog

Cyclone Idai: A Terrible Climate Warning

CycloneMozambiqueFamily

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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Women Everywhere Seek Equality, Balance

WomanReaching

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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Wringing More Value From Pakistan’s Water

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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Wallets Open for Climate at Poland’s COP24

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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Global Wealth Grows, Inequality Gap Widens

KimJim

“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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One Planet Summit Inspires Climate Action

MacronMay

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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Phone Route to Wealth for the Unbanked

EgyptStorekeeper

Imagine being without a bank account, having no means of carrying out formal financial transactions, storing money, sending and receiving payments. That is the case for roughly 40 percent of the world’s working-age adults, about two billion people.

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Transforming Africa

Sub-Saharan Africa

Following a meeting with G20 finance ministers and central bank governors on Sunday in Baden Baden, World Bank Group President Jim Yong Kim announced a record US$57 billion in financing for Sub-Saharan African countries over the next three years.

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US$100 Billion to Finance Climate Triage

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Finance is always a hot issue at UN climate talks, and this year’s 22nd Conference of the Parties to the UN Framework Convention on Climate Change will focus even more intently on financing – this time to support the first global greenhouse gas limitation pact.

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Green Bond Market Shoots Up

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The green bond market reported a worldwide milestone in August when aggregate green bond issuance topped US$150 billion for the first time since the World Bank issued the inaugural green bond in 2008.

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India, World Bank Empower Sunshine Nations

INDIA, WORLD BANK EMPOWER SUNSHINE NATIONS1

A new global focus on renewable energy to avert climate change got a burst of financial power in June as the World Bank Group signed an agreement with the International Solar Alliance – 121 countries led by India – to mobilize US$1 trillion in investments by 2030.

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