Infographic: Addressing Critical Global Challenges

The world today is much different than it was even just a few years ago. The global community is facing challenges that are diverse in nature—economic, humanitarian, environmental—but that share key features. First, they threaten the hard-won development gains of recent decades; and second, they will not be contained within any one country’s borders. 

Infographic: Addressing Critical Global Challenges with Innovative Financing and Solutions

Climate Change Forced Displacement Pandemics
The Climate Action Plan of the World Bank Group (WBG) includes ambitious goals for 2020: 30+ gigawatts of renewable energy; early warning systems for 100+ million people; and climate-smart agriculture investment plans for 40+ countries. The WBG and partners are working to put a price on carbon pollution: by 2020, 25% of carbon emissions will have pricing mechanisms; and by 2030, the percentage with pricing mechanisms will double. Recognizing the immediate and long-term development needs of forcibly displaced people, the WBG is working with partners to develop responses taht compliment humanitarian assistance. For example, partnering with the United Nations and the Islamic Development Bank, the WBG has launched a facility to support Syrian refugees and host communities in Jordan and Lebanon; the facility can provide up to $800 million in concessional loans to scale up vital programs and services.  The World Bank Group helped launch the Pandemic Emergency Financing Facility (PEF) with the World Health Organization and other partners. The PEF can release up to $500 million quickly to pandemic responders in the poorest countries. It also provides incentives to strengthen national health systems and prepare for future outbreaks.

Everyone will be affected. Yet the poorest and most vulnerable will be affected most. To address these challenges, the World Bank Group is working to become a more agile partner in addressing the world’s most pressing problems. It aims to leverage and apply its unique capabilities to provide the innovative financing and creative solutions that support countries in dealing with these challenges at the local, regional, and global levels. As the world works to confront these challenges, the World Bank Group will continue to play an essential role in supporting global development and working to safeguard the progress toward the 2030 sustainable development agenda.