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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“Earlier we lived in mud-brick homes,” said Roop Singh from Averi village. “Now we have ‘pucca’ (concrete) homes. Earlier we were lived on the outskirts. Now we are in the heart of town. And we have the... Show More + additional benefit of being closer to the road.” The project has also provided affected people with generous compensation - more than five times the usual rate - and counselled them to spend the money wisely. Many families have used the money to buy more land, plant new orchards, or invest in cars and taxis to generate new sources of income.In a first-of-its-kind benefit-sharing practice, the project will set aside one percent of its profits to provide all affected families with an annual cash income. These families will also have the right to receive over 100 units of free electricity each month, with the option of converting this into cash if they choose to do so. Show Less -
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 -
OVERVIEWMarch 22, 2010 - “We no longer worry about the rains. We now have the confidence to grow alternative crops even if the monsoon fails,” said Balaraju, a farmer in one of the most drought-prone and... Show More + economically vulnerable regions of Andhra Pradesh in southern India.Last year, when large parts of the state were facing the severest drought in 30 years, Balaraju’s lands were unaffected. This is because the villagers now share groundwater, a practice introduced by the World Bank’s pilot project - The Andhra Pradesh Drought Adaptation Initiative (APDAI). Before the project, only the richer farmers had access to groundwater because only they could afford to dig deep wells. The rest, including Balaraju, had to depend on the unreliable monsoon rains to irrigate their crops.GROUNDWATER SHARINGBut, convincing the richer farmers to share the water from their wells was not easy. However they agreed to do so because many of them too had fields that were far from their wells. If a pipeline was Show Less -