The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.
Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide.
WASHINGTON, September 14, 2017 — The World Bank today approved a $600 million International Development Association (IDA)* grant to support the Government of Ethiopia’s vision of building a national safety net system to provide effective support in chronically food insecure rural areas, including providing cover during droughts.
Malawi, Mozambique, and Zambia are collaborating to improve the productivity of staple food crops, such as maize, rice, and legumes.
Local farmers are testing new conservation farming technologies, with information on them is shared across the three countries.
Patricia Dzimbiri is a farmer in Malawi who has successfully piloted the sustainable farming methods and shared what she has learned with more than 80 other farmers.
BY CHARLOTTE MCCLAIN-NHLAPO
Natural hazard events can occur in any country, at any time. At present, India, Bangladesh, and Nepal are dealing with the aftermath of some of the worst monsoon flooding in years, which has left more than 1,200 people dead and millions homeless. At the same time, North America and the Caribbean region are responding to some of the strongest hurricanes on record.
Why is financial protection important to reduce poverty and increase shared prosperity?
Financial losses from natural disasters continue to rise. Developing countries and their low-income populations experience the greatest impacts.
Over the last 10 years, global losses due to natural disasters have averaged $165 billion a year.
The climate-smart agriculture (CSA) concept reflects an ambition to further integrate agricultural development and climate responsiveness. CSA aims to achieve food security and broader development goals under a changing climate and increasing food demand. CSA initiatives sustainably increase productivity, enhance resilience, and minimise greenhouse gas (GHGs) emissions. Increased planning is vital in order to address tradeoffs and synergies between the three pillars: productivity, adaptation, and mitigation .