The World Bank has announced a 10-year Global Sustainable Development bond on May 16. The investment goal of €1.5 billion was significantly oversubscribed, reaching €2 billion from 69 investors.
World Bank Group is providing USD$22.5 billion to Africa for climate mitigation and adaptation across five years beginning with 2021, adding to the $17 billion already committed through the Africa Climate Business Plan.
Launched on March 1, the Bangladesh Scaling-up Renewable Energy Project will provide $185 million to add up to 310 MW in renewable energy and aims to mobilize a further $212 million in private sector investment.
Global health experts at the United Nations are recommending that marijuana and its key components be formally rescheduled under international drug treaties. WHO is also moving to make clear that CBD-focused preparations containing no more than 0.2 percent THC are “not under international control” at all.
The World Bank said the move represented a significantly ramped up ambition to tackle climate change, sending an important signal to the wider global community to do the same.
The United Nations on Wednesday lifted sanctions on Eritrea, bolstering the precarious peace in one of the world’s most volatile and strategic corners.
The World Bank committed $1 billion to finance battery-storage systems in developing countries, and expects its participation to attract another $4 billion in backing.
First in a new series of Sustainable Development Goal bonds issued by the World Bank will aim to fund projects that promote clean water and healthy oceans.
The international financial institution is spending more money than ever on combatting climate change.
The United Nations health agency announced on Monday the condition, also known as gender dysphoria, has been reclassified as a sexual health condition.
