Over half a century ago, Lao PDR began its journey to become a modern nation and committed itself to long-term development ambitions. It has delivered electricity, schools, roads, and has become an important energy exporter.
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Now a US$ 213 billion industry, environment and natural resource crimes such as poaching, illegal logging and wildlife trafficking are growing every year and putting natural resources at risk. This is... Show More + not just a tragedy for people who love animals or care about the environment. When elephants are slaughtered for their ivory and trees are illegally logged, ecosystems break down. The world’s poorest often bear the brunt of the fallout. And that is where—and why—the World Bank comes into the picture.The Leading Financier in the Fight against Wildlife Crime"75% of the world’s poor live in rural areas, and rely on healthy ecosystems for food, shelter and livelihoods," says Valerie Hickey, Practice Manager, Environment and Natural Resources Global Practice, The World Bank."The World Bank’s goals are to end extreme poverty and boost shared prosperity in a sustainable manner, which is why we’re committed to fighting wildlife crime, and protecting the animals, plants and marine l 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 -