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 -
August 29, 2007— From more than 400 miles in space, the World Bank is pinpointing the true extent of one of the planet’s major environmental problems – gas flaring.The problem isn’t new. Gas flaring –... Show More + a byproduct of petroleum production that spews about 400 millions of tons of greenhouse gases in the atmosphere – has been going on for decades. But new satellite imagery, commissioned by the Bank’s Global Gas Flaring Reduction public-private partnership, is showing that some countries are burning off more gas than what was initially reported.The imagery has reshuffled who are the top 20 gas-flaring nations, compared to previous official figures from 2004. Russia has moved to No. 1, replacing Nigeria, and new on the list, based on what satellite sensors see on their 14 daily globe-girdling journeys, are China, Oman, Uzbekistan, Malaysia, Egypt, and Saudi Arabia.The World Bank collaborated with the U.S. National Oceanic and Atmospheric Administration to produce the eagle-eyed imagery.“Gas Show Less -