Online Media Briefing Center (OMBC) news for accredited journalists
Highlights
Leaders from across Pacific Island countries have called for a robust 21st replenishment of the World Bank’s International Development Association (IDA21), echoing the call from African Heads of State who agreed in April on a bold transformation agenda with IDA as a cornerstone.
For me, this moment marks the culmination of a journey that began over a year ago—when I first started at the World Bank and promised to visit every region where we operate.
The World Bank Group today announced the launch of the High-Level Advisory Council on Jobs, a new initiative that will identify actionable policies and programs to address the looming jobs crisis in the Global South.
The United States pledged up to $667 million, and Germany pledged $54 million to the Pandemic Fund as it works towards raising at least $2 billion to meet strong demand from low- and middle-income countries.
A staggering 400 million students globally experienced school closures from extreme weather since 2022, according to a new World Bank report released today. The report examines the detrimental impacts of climate change on education in low- and middle-income countries and offers solutions to harness education to spur climate action.
In almost 60% of banks in Emerging Market and Developing Economies (EMDEs), lending for climate-related investment accounts for less than 5% of their overall portfolios, and more than one-quarter offer no climate financing at all, according to a new World Bank report.
“Poverty and hunger are intertwined and are impacted by many challenges that have far-reaching consequences if left unaddressed.
For example, depriving a child of proper nutrition reduces learning potential and exacerbates health problems, which in turn significantly [17 percent annually] decreases income for the rest of their life.”
The World Bank Group today unveiled a comprehensive package of initiatives to address urgent poverty and hunger, and enable vulnerable people to increase earnings, enhance resilience against climate shocks, and promote empowerment for women and girls.
