World Bank

As the Spring International Monetary Fund (IMF) and World Bank meetings open, the World Bank announced $650 million of new grants and concessional loans to the countries of Sierra Leone, Guinea and Liberia. About $220 million will be aid in the form of grants and the remainder will be in the form of highly concessional loans. Currently the three countries owe a combined $518 million to the World Bank. Liberia owes $105 million, Guinea $186 million and Sierra Leone $227 million.

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Jubilee USA Network

World Bank

Coastal wetlands under threat from sea level rise, says World Bank

takver — Sat, 09 Mar 2013 03:03:12 +0000

Climate change induced sea level rise of one metre is likely to destroy 60 per cent of the developing world's wetlands says a new World Bank research working paper. The economic loss of these wetlands is estimated at approximately $630 million US dollars per year.

The World Bank study looked at the risk to coastal wetlands in 76 countries at a sea level rise of one metre. Because there are so many uncertainties with the rate of sea level rise, the one metre level was chosen to study the likely impact. This sea level may be achieved this century, with sea level rising 60% faster than IPCC projections. Sea level rise is unstoppable, but it can be slowed through emissions reduction and give us humans and ecosystems a chance to adapt. Sea levels will continue to rise for several centuries.

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World Bank dirty investments fueling climate change claims Friends of the Earth report

takver — Mon, 13 Jun 2011 07:41:37 +0000

Amid the latest UN climate talks taking place in Bonn Germany Friends of the Earth International have released a report highly critical of the role of the World Bank in continuing to fund dirty energy investment in developing countries and continuing to push carbon markets and offset programs which essentially privatise developing country forests in the process of generating carbon offsets.

The World Bank was made interim trustee of the new Green Climate Fund in December 2010 in Cancun. The Fund was established to assist developing countries to adapt to the impacts of global warming.

Related: Interview with Sarah-Jayne Clifton, coordinator of the Climate Justice and Energy Program of Friends of the Earth International | Follow the Bonn climate talks: Adopt a Negotiator Project; Climate Action Network; Friends of the Earth.

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