The World Bank’s Post

Africa's workforce is set to become the world's largest. Access to modern power can transform the region into an economic powerhouse. Learn more about Mission 300 and how we're #PoweringAfrica. http://wrld.bg/R45k50TAgjb African Development Bank Group The Rockefeller Foundation The Global Energy Alliance for People and Planet (GEAPP) Sustainable Energy for All (SEforALL)

Food Security Update | Highlights: • Since the last update on June 27, 2024, the agricultural and export price indices closed 1 and 2 percent higher, respectively; the cereals index was unchanged. • Domestic food price inflation remains high in low- and middle-income countries. • The Global Report on Food Crises 2024 Mid-Year Update highlights alarming trends in acute food insecurity and malnutrition, following high levels in 2023. The number of people projected to be in Catastrophe (Integrated Food Security Phase Classification (IPC) Phase 5) has surged, increasing from 705,000 in 2023 to 1.9 million in 2024. • The State of Food Insecurity and Nutrition in the World 2024 report reveals significant challenges in achieving Sustainable Development Goal (SDG) 2—Zero Hunger. Despite some progress in some regions, global undernourishment remains alarmingly persistent, with an estimated 713 million to 757 million people affected in 2023. • With the end of the year approaching, 2024 is likely to be one of the warmest years on record, the Agricultural Market Information System (AMIS) Market Monitor for September 2024 highlights significant impacts on global commodity markets. DOWNLOAD: https://lnkd.in/dZNManR8

Weekly Update: ➡️ Denmark increases #IDA21 pledge by 40% ➡️ Connecting 300 million people in Africa with electricity by 2030 ➡️ Event Oct 3: Business Ready 2024 Launch ➡️ Financial system trends in six charts

"A critical milestone in the fight against poverty is #IDA21. This is the chance to show greater ambition so IDA can be bigger & better... We will increase our pledge & play our part in seizing the potential of this moment." - Keir Starmer http://wrld.bg/W6gA50TxEGY #IDAworks

Roughly $4.8 trillion has been channeled into climate action, but it’s estimated that less than 10 percent of that has reached local levels. Sophie Sirtaine, CEO, CGAP shares 8 billion reasons why it is time for inclusive finance to take its essential place in the climate agenda, to ensure that climate action is within reach for every person on our warming planet. http://wrld.bg/eZLF50Trban

IDA "funds education for children in fragile states. It funds climate change and adaptation, which is rare in today’s world.” Janti Soeripto, Save the Children US, on how #IDAworks. #IDA21

"We've got to make that next move to IDA," says Mavis Owusu-Gyamfi, Executive Vice President for African Center for Economic Transformation (ACET). Hear why she says #IDAworks to help the world navigate today's complicated challenges. #IDA21 #UNGA79

"I invite all donor countries to actively participate in the upcoming #IDA21 replenishment," says President Sadyr Japarov of the Kyrgyz Republic. #IDAworks to help "eradicate poverty, develop infrastructure, and increase resilience to global challenges." #UNGA79 #OurCommonFuture

Denmark's 40% increase in #IDA21 pledge marks bold commitment to eradicating poverty, promoting sustainable development, climate action & addressing global challenges. Thanks to donors like Denmark, IDA can invest for the future. https://lnkd.in/e6m_Y2FU