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ICYMI: Developing countries need huge investment to overcome poverty, says World Bank

ICYMI: Developing countries need huge investment to overcome poverty, says World Bank
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5 Ways the World Bank s Climate Action Plan Could Go Further | World Resources Institute

Wind Park near Kavarna, Bulgaria. Photo by Ivelina Taushanova/World Bank The recent 2021 World Bank Group/International Monetary Fund spring meetings took place during challenging times. The COVID-19 pandemic has caused loss of life and exacerbated global poverty and inequality, while draining governments resources. Meanwhile, the impacts of climate change are starting to be felt on a broad scale, resulting in the loss of homes, crops and livelihoods. The year 2020 was tied for the hottest on record and boasted, among other things, a record number of destructive storms crossing the Atlantic. On top of the long-lasting economic effects of the pandemic, the impacts of climate change are poised to only get worse.

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