Page 13 - Development Reports News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On the continent, the importance of the Congo Basin forests cannot be understated. Often called the lungs of Africa, it is the largest carbon sink in the world. The Congo Basin spans across six countries - Cameroon, Republic of Congo, Gabon, Equatorial Guinea, the Democratic Republic of Congo, and the Central African Republic. These countries are struggling today with rising debt, high inflation, conflicts and climate change. Overall, growth in the region has been inadequate to reduce extreme poverty and create jobs. To respond to these intertwined challenges, countries will need urgently to d...

World Bank: Romania should invest almost 3pct of GDP for decarbonised energy sector up to 2050Romania has the potential to significantly improve...

Learn why the need for countries to spend more on their development should not obfuscate another key requisite for success: countries can and need to spend better. 

Nairobi, 8 September 2023 — Africa Climate Week 2023 (ACW) has drawn to a close after an action-packed week in Nairobi, Kenya, which underscored Africa's determination to be a global leader in climate action. The event brought together more than 10,000 participants from governments, multilateral organizations, the private sector and civil society from across the African continent and the world to discuss and strategize climate solutions.

Kristalina Georgieva, Managing Director of the International Monetary Fund, and Ajay Banga, President of the World Bank, today issued a joint on enhancing IMF-WB collaboration