Connect with us

Environment

World Bank Supports Climate Resilient Agriculture and Infrastructure Services in Sri Lanka

Newsroom

Published

on

Sri Lanka and the World Bank today signed two new agreements worth $150 million to improve climate resilience and agriculture productivity for small farmers and support priority infrastructure through public-private partnerships.

Hartwig Schafer, World Bank Vice President for the South Asia Region and Dr. R.H.S. Samaratunga, Secretary, Ministry of Finance signed the agreements on behalf of the World Bank and the Government of Sri Lanka respectively. The signing took place during the World Bank Group and IMF Spring Meetings 2019 in Washington, D.C., in the presence of Hon. State Minister of Finance, Eran Wickremaratne.

The new projects include:

    A $125 million credit for the Climate Smart Irrigated Agriculture Project, which will improve the resilience and productivity of agriculture for more than 470,000 small farmers in 6 provinces in the dry zone of the country.

    A $25 million loan for the Framework Development and Infrastructure Financing to Support Public-Private Partnerships Project, which will help the Government of Sri Lanka develop a platform to attract and sustain investments required to fulfill its future development priorities.

“Sri Lanka is on a path to becoming an upper middle-income country,” said Hartwig Schafer. “To ensure that this growth is sustainable, affordable, and resilient, the two projects are designed to leverage private sector financing for infrastructure and address climate vulnerability in the agriculture sector.” 

The Climate Smart Irrigated Agriculture Project will be implemented by the Ministry of Agriculture, Rural Economic Affairs, Livestock Development, Irrigation and Fisheries & Aquatic Resources along with the six Provincial Councils participating in the project. The total project cost is $140 million, including a $125 million credit from the International Development Association, with a $10 million contribution from the Government of Sri Lanka and a $5 million contribution from the project beneficiaries.

“The project will support farmers’ access to training and research. Currently, only 10 percent of women benefit, and this project will help bridge this gap and improve productivity of both men and women working in agriculture” said Idah Pswarayi-Riddihough, World Bank Country Director for Maldives, Nepal and Sri Lanka. “Innovation, including the introduction of improved crop varieties, cropping patterns, water resources management, amongst others, can help farmers adapt to changing climate and improve their incomes and livelihoods.”

The key principle of the Framework Development and Infrastructure Financing to Support Public-Private Partnerships Project is to encourage the private sector to invest in priority projects selected through competitive procurement processes to ensure value for money. The project will be implemented by the Ministry of Finance and Mass Media together with the National Agency for Public Private Partnership. The $25 million loan has a 20-year maturity, including a 9-year grace period, and $2 million counterpart funding.

Continue Reading
Comments

Environment

UN Environment and NASA reach agreement on new global learning initiative

Newsroom

Published

on

The National Aeronautics and Space Administration (NASA) and the United Nations Environmental Programme have agreed to work together on the promotion and implementation of Global Learning and Observations to Benefit the Environment (GLOBE) and UN Environment’s activities. 

The GLOBE Programme is an international science and education programme that provides students and the public worldwide with the opportunity to participate in data collection and the scientific process, and contribute meaningfully to our understanding of the Earth system and global environment. 

Through this partnership, GLOBE and UN Environment will cooperate on environmental education and training, citizen science, and the collection and distribution of environmental data. 

GLOBE and UN Environment will also work together to increase awareness, and promote the use, of GLOBE data by the international science community by leveraging the UN Environment’s Global Resource Information Database Centres and publications, with the goal of encouraging participation of environmental researchers in GLOBE.

They will also share education and training resources for distribution to their networks and promote closer collaboration of UN Environment Regional Offices with GLOBE countries.  UN Environment, NASA, and GLOBE are excited about the opportunities this partnership will bring to the environmental community.

“The NASA Globe and UNEP partnership strengthens the sharing and interoperability of geospatial data, promoting the availability of rich information for learning and observations towards a better environment,” says Alexandre Caldas, UN Environment’s Chief of the Country Outreach, Technology and Innovation Branch in the Science Division.

“NASA is pleased to partner with UNEP to enhance environmental education and training and to open up new prospects for the collection and use of environmental data,” says Allison K. Leidner, the NASA GLOBE Program Manager.

“The opportunity to collaborate with a worldwide environmental organization is especially exciting at the cusp of the GLOBE Program’s 25th anniversary on Earth Day 2020,” she adds.

“It has a direct impact on youth and new generations, fundamental for data strategies and our common future. This leverages UNEP initiatives in terms of harnessing the power of big data on the environment for sustainable development, peace and security and humanitarian action.”

Continue Reading

Environment

World Economic Forum to Launch Tropical Forest Alliance in China

Newsroom

Published

on

The World Economic Forum today announced that it will launch a branch of the Tropical Forest Alliance in China. The Alliance is an initiative led by the Forum that aims to remove deforestation from commodity supply chains

At its Annual Meeting of the New Champions, the Forum also kicked off its latest collaboration with China’s Ministry of Ecology and the Environment (MEE) in support of the 2020 Biodiversity Conference of Parties (COP) in Kunming, China, with a high-level gathering of governments and businesses to start lifting the ambition for the COP and driving business and broader societal action. The event is part of a wide-ranging memorandum of understanding that was signed at the Forum’s Annual Meeting 2017 in Davos between the Forum and the China Council for International Cooperation on Environment and Development, a high-level advisory body to the Chinese government administered by the MEE.

“The Tropical Forest Alliance is a neutral global public-private platform that brings together more than 150 consumer goods companies, governments, civil society organizations, indigenous peoples, and other environmental actors who seek to reduce tropical deforestation linked to commodity supply chains. China could potentially reduce its environmental footprint of commodity sourcing by 55% versus a BAU scenario in 2025.

“We are thrilled to support Chinese companies and the government to strengthen President Xi Jinping’s vision of ecological civilization within global soft-commodity supply chains,” said Justin Adams, Executive Director of the Tropical Forest Alliance.

The Annual Meeting of the New Champions saw progress in a number of other areas related to global public goods. With biodiversity loss now occurring at mass-extinction rates – the population of vertebrate species declined by an estimated 58% between 1970 and 2012 – a diverse group of influential international organizations including the World Economic Forum has announced a global coalition to elevate the business call for comprehensive action to reverse nature loss and restore the planet’s vital natural systems. Business for Nature was launched today at the Annual Meeting of the New Champions.

The Forum will continue to support Chinese companies and the government in the run-up to the COP after finalizing a work plan with the MEE. The aim is to raise ambition levels for the COP across business and society. Starting with a gathering of high-level leaders this week at the Annual Meeting of the New Champions, activities will ramp up ahead of the event with the formation of an alliance of supporting businesses, as well as the publication by the Forum and partners of a landmark report on The

New Nature Economy. This report will identify a commercial imperative – to complement the environmental and societal need – to conserve our natural world.

In separate moves, the Annual Meeting of the New Champions saw the first advisory meeting to provide strategic direction to the 28 financial institutions that have signed up to a set of Green Investment Principles. The principles, drafted by a coalition including the Forum, the Green Finance Committee of China, the Society for Finance and Banking and the Green Finance Initiative of the City of London, aim to serve as a voluntary standard for investment into the Belt and Road Initiative.

To further support the sustainability measures of the Belt and Road Initiative, the Forum also joined theGreen Belt and Road Coalition. The move will the see the Forum working with MEE on a number of thematic partnerships: Environmental Information Sharing and Big Data; Biodiversity and Ecosystem Management; Green Finance and Investment; and Green Technology Innovation.

Continue Reading

Environment

Azerbaijan presents National Forestry Programme for 2020-2030

Newsroom

Published

on

Azerbaijan is strengthening its forest sector with a new ten-year national forestry programme, developed with UNECE support. Strong emphasis is put on increasing forest cover while conserving and improving the country’s forest resources.

The sustainable development of forests is among the main priorities of the government of Azerbaijan. In May 2019, Azerbaijan joined the international Bonn Challenge on forest landscape restoration and committed to restore 170,000 ha of forests by 2030 and an additional 100,000 ha if further funding can be mobilized. This commitment increases the visibility for the country’s efforts to improve and sustainably manage their forests, which is also a main target in the country’s new forestry programme.

The new National Forestry Programme and its Action Plan for the period 2020 to 2030 were finalized and presented at a meeting on 14 June 2019, in Baku, Azerbaijan. It was organized by the Ministry of Ecology and Natural Resources of Azerbaijan together with the joint UNECE/FAO Forestry and Timber Section and the FAO Partnership and Liaison Office in Azerbaijan.

The National Forestry Programme was drafted within the framework of a project on the revision of the national forestry programme and the modernization of the forest management system which was supported by UNECE and jointly implemented by the Food and Agriculture Organization of United Nations (FAO) and the Ministry of Ecology and Natural Resources of Azerbaijan. The National Forestry Programme provides a sound legal basis for forest management and ensures the development of institutional capacities. It will now be put forward through the national process for official adoption.

The presentation of the newly developed forestry programme was attended by the Minister of Ecology and Natural Resources, the Chairman of the Azerbaijan Food Safety Agency, the Head of the FAO Partnership and Liaison Office in Azerbaijan, the Deputy Chief of the UNECE/FAO Forestry and Timber Section and the international forestry specialist from the FAO sub-regional office in Turkey.

Another outcome of the meeting was a Memorandum of Understanding between the State Agrarian University and the Ministry of Ecology and Natural Resources to improve the education and ensure technical training for young forestry personnel in Azerbaijan.

60 participants from the Ministry of Ecology and Natural Resources, the Ministry of Agriculture, the Ministry of Economy, the Ministry of Education, the Ministry of Health, the State Committee on Property Issues, the State Statistics Committee, the Azerbaijan Amelioration and Water Farm OJS, the Food Safety Agency, IDEA, institutions and international organizations attended the meeting. 

Continue Reading

Latest

Newsdesk7 hours ago

Increasing Data Accessibility and Usability for Prosperous Nepal

Over 75 Nepali professionals from the academia, media, and private and non-profit sectors successfully completed the first phase of the...

Middle East9 hours ago

Muslim causes vs national interest: Muslim nations make risky bets

Saudi attitudes towards the plight of thousands of illegal Rohingya in the kingdom fleeing persecution in Myanmar and squalid Bangladeshi...

South Asia11 hours ago

Aftermath of US-Afghan Peace Talks

In Doha, the Capital of Qatar, an unprecedented meeting co-hosted by German and Qatari officials brought together diverse factions interested...

Hotels & Resorts13 hours ago

Marriott Bonvoy Brings Once-In-A-Lifetime Manchester United Experiences to Asia Pacific

Members of Marriott International’s travel program, Marriott Bonvoy can enjoy an exclusive series of experiences during Manchester United’s pre-season tour...

Russia15 hours ago

Why Economic Sanctions Mean Little to Moscow

Realpolitik, a German term for politics based on day-to-day calculations regarding the military and economic balance of power among major...

Newsdesk17 hours ago

Afghan returnees face economic difficulties, unemployment

Afghan refugees who returned to Afghanistan between 2014 and 2017 tend to be worse off financially and face multiple economic...

South Asia19 hours ago

Pak-US Relations: The Way Forward

Cooperation and Trust is the only way forward for Pakistan –US relations. Both countries have wasted a huge time experienced...

Trending

Copyright © 2019 Modern Diplomacy