With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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Bank Group ContributionOver the past decade, the Bank (IBRD/IDA) committed funding for US$33 billion, from which IDA’s contribution was US$7.7 billion (23 percent) to support investment in environment... Show More + and natural resource management (ENRM). By far, climate change has been the fastest growing ENRM area where the Bank is supporting client countries. Other areas that have significantly expanded in the last five years are environmental policy and institutions, and water resource management. As for the types of funding provided over the decade, development policy lending accounted for 30 percent and investment lending 70 percent of the Bank’s ENRM portfolio. The trend is in favor of development policy lending that increased to 33% of the ENRM portfolio in the last five years (FY09-13).In addition to funding ENRM projects directly, IDA has leveraged additional funds through the Global Environment Facility (GEF) and other agencies and organizations. Specifically, the GEF provides grants to ID Show Less -
Bank Group ContributionThe World Bank and Bank-managed trust funds are increasingly supporting initiatives to rebuild the ocean’s natural capital. Many of the Bank’s investments in the oceans over the... Show More + last five years promote the sustainable governance of marine fisheries, the establishment of coastal and marine protected areas, and integrated coastal resource management. The World Bank’s active ‘blue growth’ portfolio comprises activities worth US$6.4 billion. This amount includes fisheries management, habitat conservation including integrated coastal zone management, pollution reduction and water resource management.Partners The Bank has been working with dozens of partners to increase investment in healthy oceans. In support of this, the Bank has participated in many numbers of ocean events for both technical and political purposes, raising both the profile and reach of our work, while also contributing to broader ocean community engagement. In addition to bilateral partnerships Show Less -
WASHINGTON, April 25, 2010 — Overcoming Africa’s energy deficiency—one of the continent’s most crucial priorities—won’t be achieved by incremental increases in energy supply but by “a substantial leapfrogging”,... Show More + which requires access to significant new finance.Speaking at a seminar Saturday on climate change and Africa at the ongoing World Bank and International Monetary Fund Spring Meetings in Washington DC, Prof. Ogunlade Davidson, Sierra Leone’s Energy minister, said the focus on improving efficiency in energy distribution in Africa should be replaced by a far bigger priority – energy supply. Global inequities in access to energy are startling: only 24 percent of Africans have access to modern energy, compared with around 50 percent in South Asia and 80 percent in Latin America. In Rwanda, 93 percent of the population has no electricity; in DRC, that number is 94 percent. “Even if we improve efficiency, it will deliver few gains as the supply base is so low,” said the minister.A Show Less -