Countries pledge US$4.1b to GEF to protect global environment

Close to 30 countries have jointly pledged US$4.1 billion to the Global Environment Facility (GEF) to better protect the future of the planet and human well-being. With the health of the global environment worsening, the GEF has received strong support for its new four-year investment cycle, (known as GEF-7), to help safeguard the world’s forests, land, water, climate, and oceans, build green cities, protect threatened wildlife, and tackle new environmental threats like marine plastic pollution.

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#WorldMalariaDay: AfDB calls for domestic financing solutions alongside aid in fight against malaria

On the occasion of World Malaria Day 2018, April 25, the African Development Bank has released Money and Mosquitoes: The Economics of Malaria in an Age of declining Aid. Authors include Harvard University’s Nobel laureate economist Eric Maskin; African Development Bank Group Vice-President for Economic Governance and Knowledge Management, Célestin Monga; Josselin Thuilliez of the French National Centre for Scientific Research, and Jean-Claude Berthélémy, Professor of Economics at the University of Paris 1 – Panthéon-Sorbonne and Corresponding Member of the Institut de France.

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UK is 74th state to endorse the Safe Schools Declaration

U.K. Foreign Secretary, Boris Johnson, announced his government’s endorsement of the Safe Schools Declaration today, at the Commonwealth heads of government meeting in London, said the Global Coalition to Protect Education from Attack (GCPEA). The U.K. is the 74th country to endorse the Declaration, joining two-thirds of Council of Europe and three-quarters of European Union members in committing to protect education in armed conflict.

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EIB, IMF join forces to build capacity on financial inclusion and stability in Africa

The European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF), have signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa. The EIB will contribute with EUR 3m to IMF economic institutions, namely the African Regional Capacity Development Centers (AFRITACs) and the Financial Sector Stability Fund (FSSF), and will launch a new course with the IMF on financial intermediation and financial inclusion. As well as funding, the EIB will provide guidance to the AFRITACs and FSSF by participating in their governing bodies.

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