Most read reports
- Pneumonia to kill nearly 11 million children by 2030
- Four years into its #IBelong Campaign to end statelessness, UNHCR calls for more resolute action by states
- IOM Releases Redesigned, Now Customizable Mobile App ‘MigApp’ in 4 New Languages
- Shrinking Natural Resources, Rising Insecurity Leading to Dire Situation in Sahel, Speakers Tell Meeting of Economic and Social Council, Peacebuilding Commission
- Peacebuilding Commission Urges Member States to Keep Sahel High on Agenda, Foster Stability, Ensure Sustainable Peace
Phone: +(202) 2461-4230
Amman, Jordan, February 13, 2018—IFC, a member of the World Bank Group, has signed an agreement with IrisGuard, a Jordanian company specializing in iris-scanning technology, to help boost financial inclusion and improve the lives of Syrian refugees in Jordan and the region.
In emerging markets, climate change threatens infrastructure that is critical for development. Roads, airports, water systems, and power plants are vulnerable to weather changes. Severe storms and major droughts can disrupt economic activity. Because private companies and investors in emerging markets often manage infrastructure projects through public-private partnerships, they will now need to address climate change risks when planning and building these projects.
WASHINGTON, June 16, 2015—The world’s six large multilateral development banks (MDBs) delivered over US$28 billion in financing last year to help developing countries and emerging economies mitigate and adapt to the challenges of climate change. The latest figures bring total collective commitments of the past four years to more than US$100 billion.
In 2014, the six banks together provided over US$23 billion dedicated to mitigation efforts and US$5 billion for adaptation work, according to the fourth joint report on MDB climate finance.
Engaging the private sector in identifying climate change risks, response measures, and adaptation needs to be a much higher priority in developing countries. The importance of the private sector role is evident from the increasing availability of empirical experience including lessons from adaptation projects supported by climate funds.
Multilateral development banks deliver US$ 27 billion in climate change financing
Multilateral development banks (MDBs) provided almost US$ 27 billion worldwide, in financing to address the challenges of climate change in 2012, according to the second joint MDB report on climate finance. The report was released today, in line with the commitment by MDBs to enhance the transparency of their investments in climate change mitigation and adaptation.
In Washington, D.C.:
Name: John McNally
Phone: (202) 458 0723
Washington, D.C., March 1, 2012—IFC, a member of the World Bank Group, today announced a $2 billion initiative to support critical trade flows in developing countries, which have experienced a decline in the availability of trade finance as a result of the financial downturn.
In Washington, D.C.:
Phone: (202) 473-0128
Washington, November 1, 2011—IFC, a member of the World Bank Group, and Societe Generale Corporate & Investment Banking will provide a new risk-management tool to allow producers and buyers in Africa, the Middle East, and Central and Eastern Europe to lock in prices for agricultural goods and gain better access to finance.
Health systems across Africa are in urgent need of improvement. The public sector should not be expected to shoulder the burden of directly providing the needed services alone, nor can it, given the current realities of African health systems. Therefore to achieve necessary improvements, governments will need to rely more heavily on the private health sector. Indeed, private providers already play a significant role in the health sector in Africa and are expected to continue to play a key role, and private providers serve all income levels across sub- Saharan Africa's health systems.
The world is experiencing a dramatic increase in food prices. During the first three months of 2008, international prices of all major food commodities reached their highest levels in several decades. To help alleviate the crisis, IFC is leading the World Bank Group's efforts to engage with the private sector and find ways of increasing production.
Rising food prices are causing severe hardship for millions of people who are already affected by chronic hunger, and for the poor who now find themselves unable to buy food that they need for a healthy life.