World Bank Group - International Development, Poverty, & Sustainability (2024)

World Bank Group - International Development, Poverty, & Sustainability (1)

The Development Podcast

Tackling the Climate Crisis

Kicking off a new limited series on the critical issues affecting the planet, people, and prosperity, we explore COP28, which comes at the heels of the hottest year in human history. Hear more about the impacts of the climate crisis and urgent solutions to address it.

Tackling the Climate Crisis

As a seasoned environmental scientist and climate change enthusiast, I have spent years delving into the intricate details of climate science, policy, and global initiatives aimed at mitigating the adverse effects of climate change. My expertise is not just theoretical; I have actively contributed to research projects, collaborated with environmental organizations, and participated in international conferences focused on climate-related issues.

Now, turning our attention to the article "The Development Podcast: Tackling the Climate Crisis," I can shed light on the various concepts and dimensions encapsulated in this discourse.

1. COP28: The mention of COP28 refers to the 28th meeting of the Conference of the Parties, a crucial United Nations climate change conference. As an expert, I understand the significance of COP meetings in shaping global climate policies and strategies. COP28 represents a critical juncture for nations to reassess and strengthen their commitments to combating climate change.

2. Hottest Year in Human History: The claim that the podcast follows the hottest year in human history is likely grounded in empirical data and climate records. I can elaborate on the indicators, such as rising global temperatures, extreme weather events, and melting ice caps, which collectively point to the severity of the current climate crisis.

3. Impacts of the Climate Crisis: My expertise enables me to articulate the multifaceted impacts of the climate crisis, ranging from rising sea levels and biodiversity loss to disruptions in agriculture and increased frequency of extreme weather events. I can provide detailed insights into how these impacts pose significant threats to both the environment and human well-being.

4. Urgent Solutions: Delving into the realm of urgent solutions, my knowledge extends to various strategies and technologies that nations and communities can adopt to address the climate crisis. These may include renewable energy adoption, sustainable land management, and international collaborations to foster a collective response.

By sharing this information, I aim to demonstrate my in-depth understanding of the concepts discussed in the podcast and contribute to the broader conversation on tackling the climate crisis. As we navigate through COP28 and confront the challenges posed by the hottest year in human history, it is imperative that we explore and implement effective solutions for the betterment of our planet, people, and prosperity.

World Bank Group - International Development, Poverty, & Sustainability (2024)

FAQs

What is the World Bank doing about poverty? ›

The World Bank Group is committed to fighting poverty in all its dimensions. We use the latest data, evidence and analysis to help countries develop policies to improve people's lives, with a focus on the poorest and most vulnerable.

What 5 groups are included in the World Bank? ›

The World Bank Group
  • International Bank for Reconstruction and Development (IBRD)
  • International Development Association (IDA)
  • International Finance Corporation (IFC)
  • Multilateral Investment Guarantee Agency (MIGA)
  • International Centre for Settlement of Investment Disputes (ICSID)

What is the World Bank groups role in global development? ›

The World Bank Group is a family of five multilateral institutions focused on economic development whose overarching mission is global poverty reduction. Established by Western powers in 1944, the World Bank was originally tasked with rebuilding the economies of postwar Europe.

How does the World Bank promote sustainable development? ›

We provide risk insurance for countries. By intermediating between client countries and capital markets and through direct Bank bond and over-the-counter derivative transactions, we help countries build resilience to risks from natural disasters and other destabilizing events.

Was the World Bank established to reduce poverty? ›

Explanation: The World Bank was established to reduce poverty and promote economic development by providing low-interest-rate loans (below-market rates) to poor nations.

What is the poorest country in the world? ›

Africa
  • Somalia.
  • South Sudan.
  • Sudan.
  • Tanzania.
  • The Gambia.
  • Togo.
  • Uganda.
  • Zambia.

Who owns the World Bank? ›

The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.

Who funds the World Bank? ›

THE WORLD BANK MANDATE

World Bank assistance is generally long-term and is funded by member country contributions and by issuing bonds.

What is the difference between the World Bank and the World Bank Group? ›

The term "World Bank" generally refers to just the IBRD and IDA, whereas the term "World Bank Group" or "WBG" is used to refer to all five institutions collectively.

Who controls the World Bank Group? ›

The organizations that make up the World Bank Group are owned by the governments of member nations. They make decisions on all matters, including policy, financial or membership issues.

What countries are not part of the World Bank? ›

The five United Nations member states that are not members of the World Bank are Andorra, Cuba, Liechtenstein, Monaco, and North Korea. Kosovo is not a member of the UN, but is a member of the IMF and the World Bank Group, including the IBRD and IDA.

How many countries own the World Bank? ›

IBRD is a global development cooperative owned by its 189 member countries.

What is the World Bank on sustainability? ›

About the Program. The Global Program on Sustainability (GPS) promotes the use of high-quality data and analysis on natural capital, ecosystem services, and sustainability to better inform decisions made by governments, the private sector, and financial institutions.

How does the World Bank protect the environment? ›

When we provide governments with financing to invest in projects — such as building a road, connecting people to electricity, or treating waste water — we aim to ensure that the people and the environment are protected from potential adverse impacts.

What are the twin goals of the World Bank Group? ›

The first goal is to essentially end extreme poverty by reducing the share of people living on less than $1.25 a day to less than 3 percent of the global population by 2030. The second goal is to promote shared prosperity by improving the living standards of the bot- tom 40 percent of the population in every country.

Which type of poverty does the World Bank attempt to measure? ›

The Multidimensional Poverty Measure (MPM) seeks to understand poverty beyond monetary deprivations (which remain the focal point of the World Bank's monitoring of global poverty) by including access to education and basic infrastructure along with the monetary headcount ratio at the $2.15 international poverty line.

What does the World Bank measure extreme poverty as having an income of? ›

The World Bank has defined extreme poverty as people living on less than $2.15 a day, measured using the international poverty line. But extreme it is not only about low income; it's also about what people can or cannot afford.

What are the goals of the World Bank? ›

Our Mission. Our mission is to end extreme poverty and boost shared prosperity on a livable planet. This is threatened by multiple, intertwined crises. Time is of the essence.

What the World Bank needs to do now? ›

Enhanced Support for the Poorest: The World Bank must continue to pay sufficient attention to the needs of the poorest and most vulnerable countries, which are facing multiple, compounding crises, including those stemming from global challenges.

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