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President Ramaphosa to attend and participate in the New Global Financing Pact Summit in Paris

South Africa: SA to participate in the new Global Financing Pact Summit

World Bank guarantees play a vital role in addressing global challenges, attracting private sector expertise, and mobilizing capital for development projects. Explore the impact of guarantees in energy security, renewables investment, and access to finance.

The World Bank’s lending function is important and irreplaceable. But providing countries with an important source of financing and investing in evidence do not have​ to be in tension. The role of evaluation should shift from an assessment function to one in which evaluation is a central tool of project design and implementation within the World Bank.

In the near term, the World Bank estimates that addressing climate change, conflict, and pandemics in developing countries will cost $2.4 trillion in public and private spending per year through 2030. Considering the financing scale and new challenges, we must foster and amplify private capital flows to countries.

The World Bank’s twin goals of eliminating extreme poverty while promoting shared prosperity will be paramount for its incoming president, Ajay Banga. In the face of conflicting interests and pressing needs, how can the Bank selectively and effectively employ global public goods to think globally while accommodating regional requirements?

A growing proportion of climate-vulnerable countries are already in or at risk of being in a financial crisis

Climate change is set to transform the nature we live in, threatening the poor and vulnerable more than anyone else. Many people have suggested including “resilience” as a central criterion of development.

Cem Karayalcin and Harun Onder discuss the distinction between resistince and fragility and how both concepts shed light on how well natural and economic systems can cope with climate shocks.

The annual jamboree came at a time when the world is dealing with multiple conflicts, including economic and geopolitical.