The Land Bank played a crucial role in the growth and development of South African agriculture. It can do the same for upcoming black farmers, but its business and funding model must be changed.
The rise in extreme weather events dent into developing countries’ budget and raise their debt interest rates.
Pexels/Karthikeyan Perumal
This week’s summit for a “New Global Financing Pact” will look to secure some much-needed climate cash for developing countries, while ensuring their debt remains manageable.
Ajay Banga is expected to become the next World Bank president.
Issouf Sanogo/AFP via Getty Images
It’s a crucial time for the World Bank, with growing calls for reform and sky-high expectations of what one leader needs to do. A former World Bank official explains the challenges ahead.
Construction in the Chinese-financed Port City complex in Colombo, Sri Lanka, Oct. 19, 2022.
Pradeep Dambarage/NurPhoto via Getty Images
China’s international lending projects have big potential impacts on oceans and coasts. By cooperating more closely with host countries, Beijing can make those projects more sustainable.
The world’s poorest countries will be hit hardest by climate hazards and climate change driven extreme weather events.
Getty Images/ Luis Dafos
Without financial support that helps communities adapt to climate impacts, climate change is projected to push tens of millions more Africans into extreme poverty by 2030.
Chinese engineers pose after welding the first seamless rails for the China-Laos railway in Vientiane, Laos, June 18, 2020.
Kaikeo Saiyasane/Xinhua via Getty Images
Through its Belt and Road Initiative, China has become the world’s largest country-to-country lender. A new study shows that more than half of its loans threaten sensitive lands or Indigenous people.
Akinwumi Adesina leads a bank that has the USA as its second largest shareholder.
CGIAR/Wikimedia Commons
There is concern over the growing influence of non-regional players in decision making at the regional bank.
Major development banks are funding logging, mining and infrastructure projects that are having enormous impacts on nature. Here, forests are being razed along a newly constructed road in central Amazonia.
William Laurance
Big new investors such as the Asian Infrastructure Development Bank are key players in a worldwide infrastructure, and that could be bad news for the environment.
Credit rating agencies often elicit criticism when they downgrade countries.
EPA/Justine Lane
Credit rating agencies have come in for a lot of flack. But the bottom line is that to attract investors with deep pockets countries can’t avoid having a credit rating. And a good one at that.
Viana, near Luanda, Angola. China has played a major role in funding infrastructure projects in Africa but the deficit remains huge.
Reuters/Siphiwe Sibeko
Since time immemorial, huge infrastructure projects have been financed with funds from the capital markets. Africa should not rely on development finance institutions.