The World Bank

2 months ago | worldbank.org

Through the purchase of emission reductions agreement between Costa Rica and the Forest Carbon Partnership Facility (FCPF), Costa Rica receives payments for verified emission reductions. These funds are then distributed to communities through Costa Rica's payment for environmental services mechanism, recognizing the essential role of local communities in protecting forests and supporting conservation efforts.

2 months ago | worldbank.org

Across the developing world, nearly one in five people are at risk of climate disasters from which they will not fully recover. Access to insurance remains low in many countries, leaving billions of people without adequate protection. In developing countries, only about 10 percent of the direct economic costs of natural hazards are insured. Neither governments nor private industry alone is well-equipped to deal with growing disaster losses. Public-private partnerships are necessary for sustainable insurance markets and affordable solutions. Public-private insurance partnerships (PPIPs) bring together private capital, expertise, relationships and innovation, with public sector data, regulation, education, and risk sharing to ensure that those at risk have access to insurance products which provide adequate protection against disasters.

2 months ago | worldbank.org

Rwanda, one of Sub-Saharan Africa's fastest-growing economies, holds untapped potential to energize its development by leveraging productive use of energy (PUE). A recent World Bank report, Energizing Rwanda’s Development: Opportunities and Strategies for Catalyzing Productive Use of Energy, highlights how strategic adoption of modern energy technologies could drive exponential productivity and economic growth. ‘

2 months ago | worldbank.org

Promoting transparency and accountability through sustainable finance and innovation for Latin American economic growth. Lima, Peru, May 13-14.

2 months ago | worldbank.org

The Lab is a collaborative initiative between the World Bank Group and Chief Executive Officers of leading global private sector institutions to develop specific approaches that can be implemented and scaled by the World Bank to mobilize private capital more effectively, for development priorities that must be addressed to achieve a world free of poverty on a livable planet.