Browsing: addressing climate change and poverty

AAF, Kenya Red Cross partnership

The AGCO Agriculture Foundation (AAF) has announced another project partnership with the Kenya Red Cross Society (KRCS) aimed at addressing climate change and food insecurity in the Dadaab Refuge Complex.

In a press statement sent to newsrooms on Thursday, May 6, 2021,  the private foundation committed to ending hunger through sustainable agricultural development noted that this was a second phase of a USD $125,000 project partnership with the Kenya Red Cross Society (KRCS).

According to the foundation, the project began this month, with the goal of restoring degraded land, strengthening refugees’ food security and income levels, and increasing production of diverse, nutritious foods.

Dadaab Refugee Complex

The Dadaab Refugee Complex falls within the expansive arid and semi-arid lands (ASAL) of Kenya, characterized by hot, dry weather and high rates of evapotranspiration interspersed with occasional flooding in poorly drained areas.

Climate change

Dramatic changes in weather patterns have caused prolonged drought …

The International Monetary Fund (IMF) expects debt-to-GDP ratios to go up significantly to 65 per cent in emerging markets, 50 per cent in low-income countries and around 125 per cent in advanced economies.

This is according to IMF Managing Director Kristalina Georgieva, speaking during the World Bank’s annual meetings which were organized virtually.

“Today we face a new Bretton Woods moment. A pandemic that has already cost more than a million lives. An economic calamity that will make the world economy 4.4 per cent smaller this year and strip an estimated $11 trillion of output by next year. And untold human desperation in the face of huge disruption and rising poverty for the first time in decades. Once again, we face two massive tasks: to fight the crisis today—and build a better tomorrow,” she said.

Georgieva said that prudent macroeconomic policies and strong institutions are critical for growth, jobs and …

The World Bank has unveiled a detailed roadmap aimed at helping countries in sub-Saharan Africa to address climate change and poverty.

The plan is titled the Next Generation Africa Climate Business Plan (NG-ACBP).

According to the World Bank’s plan, it urges countries to seize the opportunity to scale-up climate resilience to redouble efforts to increase energy access,  grow their economies and reduce poverty and take advantage of sustainable and innovative approaches to leapfrog into greener development pathways.

As part of the plan over the next six years, the World Bank will focus on five key areas namely clean energy, food security, green and resilient cities, environmental stability and climate shocks.

The bank aims to expand integrated landscape management over 60 million hectares in 20 countries, train 10 million farmers on climate-smart agricultural approaches, increase renewable energy generation capacity from 28GW to 38GW so as to increase access to clean electricity …