Developing countries (excluding China) aren’t getting enough funds for climate adaptation—only 16% of climate finance goes toward it. The #FinanceProsperity report calls for more climate-lending and stronger markets to support resilience. Learn more: wrld.bg/Yo7p50T9N7Z

Part of the solution to financing climate action lies in your bank's investment decisions. Yet most banks in emerging market & developing economies – where they dominate the financial sector – barely invest in climate. It's time to reassess priorities and #FinanceProsperity.

🏦 60% of banks in emerging market & developing economies dedicate just 5% or less of lending to climate. As climate risks rise, the new #FinanceProsperity report shows how we can close this gap & boost investment for sustainable growth: wrld.bg/bi2850T9MrT

🌍 Just 16% of climate finance in developing countries (excluding China) is used for adaptation, mostly from public funds. The #FinanceProsperity report highlights why we need more investment in climate resilience without risking financial stability. ➡️ wrld.bg/xmlv50T9MuT

Export growth in Viet Nam is not just about numbers; it's about people. Our study shows significant reductions in income inequality and inactivity. 💡 Learn how trade can lead to a more inclusive society wrld.bg/oZnW50TaNmJ

In Case You Missed It! Pablo Saavedra World Bank, Ceyla Pazarbasioglu, and Nicolas Veron Peterson Institute discuss financial linkages between national banking systems and governments and take stock of recent trends. 📺Watch the replay! wrld.bg/MRWK50Ta2Eu

📈 Government debt held by banks has jumped 35% from 2012 to 2023, creating big risks for low-income and debt-distressed countries. The new #FinanceProsperity report explains what this means and what can be done: wrld.bg/LaLi50T9OXF

Fast payments are vital for the world economy, and World Bank is helping to lead the charge.🌍Jean Pesme joins Greg Palmer in this Finovate episode to tell us about the new Project FASTT! wrld.bg/UU5u50RxuwQ

As part of a debt relief agreement, #Somalia has successfully implemented wide-ranging reforms to rebuild its economy and state institutions, despite a challenging domestic and external environment. Explore the immersive story here: wrld.bg/h6cP50RotTq

#DYK 1 in 4 banks in emerging markets & developing economies offer no climate financing at all? The new #FinanceProsperity report highlights the urgent need for banks to step up & support climate action while maintaining financial stability. Learn more: wrld.bg/H9yr50T9N1H

Emerging markets & developing economies face large gaps in funding climate-resilient projects. The #FinanceProsperity report calls for: ✅ Stepping up climate action ✅ Attracting private investment ✅ Financing a green & sustainable development path ➡️ wrld.bg/if6I50T9P2X

🌍 Emerging markets & developing economies face dual challenges of poverty & climate change. Among lower-income countries with high financial risks, nearly 70% are not prepared to handle financial stress. Explore key data in the #FinanceProsperity report: wrld.bg/stpH50T9P0H

🗓️Mark your calendar! Sept 10 | 9:00 CEST Trade exposure has long been touted as a solution to job creation and poverty reduction, but is it really effective? Join us for the launch of Leveraging Trade for More and Better Jobs at the #WTOPublicForum. wrld.bg/t96T50TeNcG

Launch your career at The World Bank Group! Our Young Professionals Program (#WBGYPP) needs dynamic individuals like you! 🌐Accepting applications Sept 1-30, 2024 ℹ️ Info Sessions Sept 4: wrld.bg/Qa8a50TeQcj Sept 5: wrld.bg/3F9r50TeQe7 Sept 6: wrld.bg/4PKY50TeQeA

Good news: Financial risks aren’t high in most emerging markets & developing economies. But nearly 70% of those at higher risk aren’t ready for financial stress. The #FinanceProsperity report shows how stronger systems can protect vulnerable economies: wrld.bg/nU6U50TeNzL

🗓️Save the Date - 9/10, 15:00 CEST How can green policies boost trade in developing countries?🟢📈 Find out in our session Trade and the Climate Emergency at the #WTOPublicForum. Panelists include Mari Elka Pangestu and World Bank's Mona Haddad. wrld.bg/fhTG50TeNrM

New paper w/h Karol Madoń & Deborah Winkler in "The World Economy" 🥳 Trading tasks in global value chains widens wage inequality by increasing the routine task intensity gap between offshorable & non-offshorable jobs. Still, GVCs reduce inequality in LMICs doi.org/10.1111/twec.1…

Since 1995 global trade integration has brought significant benefits, especially to developing countries: 🧕More jobs, especially for women 💰Higher labor earnings 📉Reduced inequality in earnings in many low- and middle-income economies Learn more: wrld.bg/fkim50TfYRQ

🌍 Emerging markets & developing economies face dual challenges of poverty & climate change. Among lower-income countries with high financial risks, nearly 70% are not prepared to handle financial stress. Explore key data in the #FinanceProsperity report: wrld.bg/tZGs50TeNEi

Wed. Sept. 10th, 15:00 CEST we'll convene a panel to discuss the impact of climate change policies on trade and development in low- and middle-income countries! Trade and the Climate Emergency at the #WTOPublicForum. wrld.bg/pCyn50TfYWQ