Economic Diversification

Prime Minister Frank Bainimarama of Fiji addresses the 71st United Nations General Assembly in Manhattan, New York, U.S. September 20, 2016. REUTERS/Carlo Allegri

Fiji to Sell World’s First Climate-change ‘Green’ Bonds

Fiji will issue a $50 million “green” bond in coming weeks to help combat the effects of global climate change, the first developing country to do so.

Photo Credit: Curt Carnemark / World Bank

Latest World Bank USD Global Bond Offers Opportunity to Support Global Development Priorities

The World Bank (International Bank for Reconstruction and Development, IBRD) priced a USD-denominated global benchmark bond that raised USD 3 billion from investors in the Americas, Asia, Europe, Middle East and Africa. Proceeds of the bond will support the financing of World Bank’s development activities around the world.

Photo: Dana Smillie / World Bank

EBRD and Green Climate Fund Join Forces to Support Major Renewable Energy Project in Egypt

The European Bank for Reconstruction and Development and the Green Climate Fund are joining forces to support a major renewable energy project in Egypt. The funding supports the Egyptian Government’s Sustainable Energy Strategy, which aims to source 20 percent of Egypt’s energy from low emission renewable sources by 2022.

Renewable Energy a Step Closer for Solomon Islands as World Bank Group Approves Support to Tina River Hydro

Renewable Energy a Step Closer for Solomon Islands as World Bank Group Approves Support to Tina River Hydro

The World Bank approved US$33.6 million in funding for the Tina River Hydropower project in the Solomon Islands. With electricity costs in the Solomon Islands being among the highest in the world, the project aims to reduce this cost and end the country’s near-total reliance on diesel fuel for power.

Qatar Hosts Response Measures Workshop

Qatar Hosts Response Measures Workshop

A three-day workshop on views and experiences on “Economic diversification and transformation” and on “Just transition of the workforce and the creation of decent work and quality jobs” was held from 2 to 4 October 2016 in Doha, Qatar. The workshop was hosted by the Ministry of Municipality and Environment of Qatar […]

The role of economic diversification under the Climate Change Convention

The role of economic diversification under the Climate Change Convention

Climate change can have an impact on social and economic development of a country, regardless of its national policy. Indeed, the effects of the mitigation actions are global and therefore addressed in the broader context of negotiations.   What is economic diversification? Economic diversification is a transforming process where an […]