Water Matters: It's Time for Action in Latin America and the Caribbean
Millions of Latin Americans still suffer from water insecurity. Today, 150 million people live in highly water-scarce areas, and climate change is worsening this outlook. According to the World Bank, over the last two decades, Latin America has experienced 74 droughts, causing more than US$ 13 billion in damage. This phenomenon impacts agricultural and livestock production and farmers’ livelihoods, especially those living in vulnerable conditions.
Time for Meaningful Debt Restructuring
Ahead of the next meeting of the Sovereign Debt Roundtable on April 12, World Bank Group President David Malpass shares an update on recent developments and reiterates his call for prompt action toward debt sustainability for debt distressed countries.
Latest Food Security Update
Our latest update from March 9 shows that domestic food price inflation remains high around the world, with inflation levels above 5% in 94.1% of low-income countries, 86% of lower-middle-income countries, and 87.0% of upper-middle-income countries and many experiencing double-digit inflation. The countries affected most are in Africa, North America, Latin America, South Asia, Europe, and Central Asia.
The World Bank has two goals: end extreme poverty and promote shared prosperity in a sustainable way.
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Food security is defined when all people, at all times, have physical and economic access to sufficient safe and nutritious food that meets their dietary needs and food preferences for an active and healthy life.
Climate change, poverty, and inequality are the defining issues of our age. The World Bank Group is the biggest multilateral funder of climate investments in developing countries.
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IDA is the part of the World Bank that helps the world’s poorest countries.
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