How Technical Assistance for Public Development Banks can be Transformational in Achieving National Climate and Gender Objectives
On financing and capital markets, women are worse-off than men. Women have less access to finance, assets and collateral. Additionally, the world is faced with an unprecedented climate crisis, with disasters increasing in their severity, frequency and unpredictability. To achieve a gender-equal and ecological transformation of economies, Public Development Banks (PDBs) come into play. PDBs […]
“Sargassum is bigger than us”: Dealing with the adverse effects of climate change in the tourism industry
Last month, we embarked on a visit to Belize as part of our Investment Climate Reform (ICR) facility intervention, aiming to evaluate the business environment for the tourism sector of Ambergris Caye. This Caribbean destination is renowned for its vibrant marine life, beaches, and the warm hospitality of its people, attracting over 60% of all visitors to Belize. One of the recurring concerns that emerged during our discussions with private and public representatives was the persistent and escalating presence of sargassum seaweed. This natural phenomenon, intensified by the impacts of climate change, poses a significant threat to the local tourism industry and its associated businesses.
How a cluster development approach can transform Togo’s sesame sector
With abundant natural and human resources, Togo has the potential to further capitalize on industries like sesame as a key driver for economic growth, job generation and women's economic empowerment. The Ministry of Investment Promotion and the Ministry of Agriculture, Livestock, and Rural Development worked with the ICR Facility with the objective of implementing a cluster development approach for the sesame sector. The intervention included mapping of the sector, building a strategy using the cluster diamond method and developing an action plan to boost the competitiveness of the sector.