Green development in Africa to be focus of World Bank, says CEO

Kristalina Georgieva was present at the One Planet Summit, during the UN Environment Assembly (Photo: Brendan Smialowski/AFP/Arquivos)

World Bank’s CEO, Kristalina Georgieva said the organization plans to invest 22.5 billion dollars in the continent’s green development. “Africa contributes 4% of CO2 emissions globally but already more than 65% of the population there is impacted by climate change, by drought, by flooding, by storms,” she explained.

The pronunciation of the director took place at the One Planet Summit, a side event at the 4th UN Environment Assembly (UNEA). She also said that it is necessary to help Africa deal with the consequences of climate change. “Especially in Africa, we would like to see action on the adaptation feature prominently. We are determined to demonstrate that climate action is also good for the economy and good for people, ” she argued.

The 4th UN Environment Assembly (UNEA) was held in Nairobi, Kenya, and brought together experts and leaders from more than 170 nations. The event took place between March 11 and 15 and aimed to discuss sustainable consumption and looked for ways to reduce waste.


UNEA is subordinate to the United Nations High-Level Political Forum (HLPF) and represents the highest body of global decision-making on the environment as a result of the demand of world leaders for the strengthening and improvement of the United Nations Environment Program (UNEP).

During the week, with the theme “Innovative solutions for environmental challenges and sustainable consumption and production”, scientific research and reports by the UN Environment Program were presented, as well as the global environmental agenda for the coming years, in order to increase the chances of success of the Paris Agreement and Agenda 2030.