Connect with us

Development

ADB, The Nature Conservancy Agree to Joint Action on Nature-Positive Investments

Published

on

The Asian Development Bank (ADB) and The Nature Conservancy (TNC) today agreed to a new partnership for action on nature-positive investments, environmental sustainability, and action on climate change throughout Asia and the Pacific.

The partnership, announced during Earth Day celebrations, will focus on biodiversity and ecosystem protection and restoration; nature-based solutions and sustainable infrastructure; coastal resilience; finance for oceans, freshwater, and biodiversity; sustainable urban planning and development; and gender integration and poverty reduction in nature conservation.

“Strengthening our partnership with TNC comes at a critical time,” said ADB Vice-President for Knowledge Management and Sustainable Development Bambang Susantono. “The coronavirus disease pandemic (COVID-19) has been a wake-up call on the importance of protecting ecosystems and biodiversity to protect humanity. It’s vital that we make the recovery from COVID-19 a green and inclusive recovery. We must take actions that address the root causes of the pandemic and avoid future infectious zoonotic disease outbreaks, promote good health, create jobs that are fit for the future, and support women’s empowerment and economic well-being through nature-positive investments.”

“The challenges of the COVID-19 pandemic have also revealed the power and importance of collaboration to address complex issues with the urgency they require,” said TNC Chief Executive Officer Jennifer Morris. “The Nature Conservancy and the Asian Development Bank are demonstrating to the world the power of cross-sector partnerships and community-based conservation to create a brighter future for people and nature.”

Under the joint 2-year work plan, ADB and TNC will pilot initiatives aimed at sustainable management of coastal ecosystems and catalyzing investment in development planning tools and digital technologies which will improve ecosystem management, while contributing to ADB’s Action Plan for Healthy Oceans and Sustainable Blue Economies.

ADB and TNC will cooperate on technical assistance support for coral reef restoration through an innovative financing and insurance initiative. The partnership will also yield knowledge products and activities that will integrate gender equity in promoting nature preservation and climate action.

TNC is a charitable environmental organization founded in 1951 and headquartered in Arlington, Virginia, United States. TNC currently impacts conservation in over 70 countries worldwide and has several national affiliates.

Continue Reading
Comments

Development

Despite COVID-19 connectivity boost, world’s poorest left far behind 

Published

on

Digital connectivity is indispensable to overcome the pandemic, and for a sustainable and inclusive recovery. Photo: United Nations/Chetan Soni

Some 2.9 billion people still have never used the internet, and 96 per cent live in developing countries, a new UN report has found. According to the International Telecommunication Union (ITU), the estimated number of people who have gone online this year actually went up, to 4.9 billion, partially because of a “COVID connectivity boost”.   

This is good news for global development, but ITU said that people’s ability to connect remains profoundly unequal – as many hundreds of millions might only go online infrequently, using shared devices or facing connection speeds that hamper their internet use. 

“While almost two-thirds of the world’s population is now online, there is a lot more to do to get everyone connected to the Internet,” Houlin Zhao, ITU Secretary-General said. 

“ITU will work with all parties to make sure that the building blocks are in place to connect the remaining 2.9 billion. We are determined to ensure no one will be left behind.” 

‘Connectivity boost’ 

The UN agency’s report found that the unusually sharp rise in the number of people online suggests that measures taken during the pandemic contributed to the “COVID connectivity boost.” 

There were an estimated 782 million additional people who went online since 2019, an increase of 17 per cent due to measures such as lockdowns, school closures and the need to access services like remote banking.  

Uneven growth 

According to the document, users globally grew by more than 10 per cent in the first year of the COVID crisis, which was the largest annual increase in a decade. But it pointed out that growth has been uneven. 

Internet access is often unaffordable in poorer nations and almost three-quarters of people have never been online in the 46 least-developed countries.  

A ‘connectivity Grand Canyon’ 

Speaking in Geneva, Doreen Bogdan-Martin, Director of the ITU said: “The internet divide runs deep between developed and developing countries. Only a third of the population in Africa is using the internet. 

“In Europe, the shares are almost 90 per cent, which is the gap between those two regions of almost 60 percentage points. And there is what the UN Secretary-General António Guterres, has called in his Common Agenda blueprint for the future, “a connectivity Grand Canyon”. 

‘Digitally excluded’ 

The report found that younger people, men and urban dwellers are more likely to use the Internet than older adults, women and those in rural areas, with the gender gap more pronounced in developing nations. 

Poverty, illiteracy, limited electricity access and a lack of digital skills continued to hinder “digitally excluded” communities, ITU noted. 

Continue Reading

Development

World Bank Group and Azerbaijan Sign Agreement to Strengthen Partnership

Published

on

The Government of the Republic of Azerbaijan and the World Bank Group signed today an Agreement on Establishing and Operation of Offices in Azerbaijan.

The Agreement was signed by Minister of Finance Samir Sharifov, on behalf of the Republic of Azerbaijan, and World Bank Vice President for Europe and Central Asia Anna Bjerde, on behalf of the World Bank Group. Prime Minister of Azerbaijan Ali Asadov and Governor of the Central Bank of Azerbaijan Elman Rustamov also took part in the signing event.

The signing of the new Establishment Agreement will greatly facilitate the work of the World Bank Group in Azerbaijan, including administration of its offices in Baku, to support joint efforts to achieve a green and resilient recovery through sustainable, inclusive and equitable growth.

“Our partnership with the World Bank has seen Azerbaijan’s incredible transition from a lower-income country to a donor of the International Development Association, the part of the World Bank Group that helps the world’s poorest countries,” said Ali Asadov, Prime Minister of Azerbaijan. “This agreement will help augment these achievements.”

The World Bank has financed over 50 projects, with total commitments of $4.4 billion, spanning many national development priorities, including building human capital, strengthening access to infrastructure, public services and jobs, investing in agricultural competitiveness and rural development, and supporting the livelihoods of internally displaced persons.

“We look forward to continuing to grow and develop our collaboration with the Government of Azerbaijan and to bringing the best experience and expertise the World Bank can offer in support of Azerbaijan’s 2030 vision and development goals,” said Anna Bjerde, World Bank Vice President for Europe and Central Asia.

As the largest global development institution focused on the private sector in emerging markets, IFC, a member of the World Bank Group, has been supporting the private sector in Azerbaijan and has invested around $850 million in the country, including mobilization.

“A vibrant private sector is crucial for economic growth. The signing of this agreement with Azerbaijan comes at a time when the country is taking steps to have the private sector drive economic diversification. IFC is committed to continue supporting sustainable growth in Azerbaijan by helping mobilize the power of the private sector,” said Wiebke Schloemer, IFC’s Acting Vice President for Europe, Latin America, and the Caribbean.

2022 will mark the 30th anniversary of Azerbaijan’s membership in the World Bank.

Continue Reading

Development

ILO launches new tool on social dialogue

Published

on

The ILO has launched a new tool  to help its constituents enhance the effectiveness and inclusiveness of their national social dialogue institutions.

The tool was developed as part of the Plan of Action on social dialogue and tripartism  (2019-2023) that was endorsed by the ILO Governing Body at its March 2019 session . The Plan also implements the resolution and conclusions on social dialogue of the International Labour Conference (ILC) held in June 2018 .

The self-assessment method for social dialogue institutions (SAM-SDI) guides the social dialogue actors – governments, employers’ and workers’ organizations – through a process that analyses the inclusiveness and effectiveness of their social dialogue institutions. Based on this analysis, they can devise and implement an action plan to increase the institution’s impact on policy-making.

Social dialogue, based on respect for freedom of association and the right to effective collective bargaining, has a crucial role in designing policies to promote social justice and social and economic progress.

Social dialogue institutions have a key role to play in the achievement of the UN Sustainable Development Goals  (SDGs), particularly SDG 16, which promotes peaceful and inclusive societies for sustainable development, access to justice for all and effective, accountable and inclusive institutions at all levels.

Social dialogue is also an essential component of SDG 8 , which promotes sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. It is also central to the achievement of SDG 5, on gender equality.

The SAM-SDI consists of six inter-linked steps. It is available online in English, French and Spanish, on a self-contained USB card and through an interactive e-Platform hosted by the ILO’s International Training Centre.

Continue Reading

Publications

Latest

Finance1 hour ago

What can I do with an Economics degree?

A degree in economics will increase your employability in any industry. High-skilled graduates are in high demand worldwide. The wide...

Middle East2 hours ago

Israel-Palestine: Risk of ‘deadly escalation’ in violence, without decisive action

With violence continuing daily throughout the Occupied Palestinian Territory, the Special Coordinator for the Middle East Peace Process urged the Security Council on Tuesday to adopt...

Reports4 hours ago

Amidst Strong Economic Rebound in Russia, Risks Stemming from COVID-19 and Inflation

Following a strong economic rebound in 2021, with 4.3 percent growth, Russia’s growth is expected to slow in 2022 and...

Green Planet6 hours ago

COP-26 Results: High Hopes for Low Temperatures

The 26th Conference of the Parties (COP-26) to the United Nations Framework Convention on Climate Change (UNFCCC) was held in...

Economy8 hours ago

An Uneven Recovery: the Impact of COVID-19 on Latin America and the Caribbean

Employment rates in some Latin American and Caribbean countries have experienced a relative recovery, although in most, rates fall short...

Reports10 hours ago

World trade reaches all-time high, but 2022 outlook ‘uncertain’

Global trade is expected to be worth about $28 trillion this year – an increase of 23 per cent compared...

Tourism14 hours ago

Coronavirus pandemic could cost global tourism $2 trillion this year

The coronavirus pandemic will likely cost the global tourism sector $2 trillion in lost revenue in 2021, the UN’s tourism...

Trending