Please forward this error screen to action plan for business development-1071800191. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Erosion is changing Benin’s coastline and may even affect its border with neighboring Togo. The event brought together countries and development partners to discuss resilience and adaptation in the blue economy, emphasizing progress made since the launch of the Africa Climate Change Business Plan at COP21, and the ways to accelerate implementation. In less than a year, African countries have made progress in many key areas of the Africa Climate Business Plan, including the ocean economy, coastal protection, forests, landscapes, migration, transport, water and energy.
Africa’s development is highly dependent on an adequate, reliable, road system. But climate change is expected to take a heavy toll on the region’s transport infrastructure. How can African countries adapt their roads to cope with the effects of a changing climate? Through the Africa Hydromet Program, a World Bank initiative, African governments and development partners are working to modernize national hydromet systems that will support growth sectors and industry with real time weather and climate information. Forest initiatives in Ethiopia, Democratic Republic of Congo and Mozambique can help these countries both meet their climate and development goals. Noting that climate drives most of the shocks that keep or bring African households into poverty, Accelerating Climate-Resilient and Low-Carbon Development: The Africa Climate Business Plan aims to both bring attention to and accelerate resource mobilization for priority climate-resilient and low-carbon initiatives in the region. Enabling resilience by providing essential data, information and decision-making tools for promoting climate-resilient development across sectors through strengthening hydro-met systems at the regional and country level, and through building the capacity to plan and design climate-resilient investments.
3 billion per year, which is insufficient to finance current needs, and is not increasing at the necessary rate to meet future needs. Some 600 million people and 10 million small and medium-size enterprises in Sub-Saharan Africa still do not have a connection to the electric grid. In many countries, power systems are small and poorly maintained by utilities that often operate at a deficit. As a result, many energy users on and off the grid rely on fossil energy sources for lightning or heating. In response, the Bank has committed to the objectives of the Sustainable Energy for All initiative by 2030. These objectives include providing universal access to modern energy services, doubling the global rate of improvement in energy efficiency, and doubling the share of renewable energy in the global energy mix.
The Africa Climate Business Plan is expected to mobilize resources and increase resilience to climate variability and change. The plan’s contribution to resource mobilization will be measured by two indicators. The first is the share of resources mobilized at various stages of implementation. The World Bank Group, All Rights Reserved.
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