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ISLAMABAD: The World Bank’s Board of Executive Directors is scheduled to meet next month to consider for approval...
One burning question is if the World Bank - together with the regional development banks - will use their potential in decarbonising the world economy. The first step in barricading the gates of hell has to be decarbonising the energy sector. It contributes the most to global greenhouse gas emissions by far. Besides, clean energy is to a large extent constitutive for decarbonising other sectors, such as transport and agriculture.
The World Bank aims to promote indigenous peoples' development in a manner which ensures that the development process fosters full respect for the dignity, human rights, and uniqueness of indigenous peoples.
At the beginning of the Covid-19 pandemic, the World Bank made it clear that it was going to use the crisis to promote its development vision and implement far-reaching structural reforms, especially those aligned with the promotion of ‘private sector solutions’. It also made clear that it would rely on Development Policy Financing (DPF) to carry out its Covid-19 response. This report investigates the use of DPF in the WB's Covid-19 response, finding that a total of US$22.94-billion were committed for the 90 Development Policy Operations (DPOs) analysed, which included a ...