The World Bank’s Board of Executive Directors today approved US$27.2 million in financing to the Republic of Moldova for the Climate Adaptation Project, which will help Moldovans to protect their farms, forests and pastures from climate change in specific zones, and strengthen national disaster management systems.
The Asian Development Bank (ADB) approved a $2 million grant to finance relief efforts in the country following the recent floods and landslides that claimed the lives of over 200 people and damaged the homes and livelihoods of hundreds of thousands more.
The Embassy of Sweden and the United Nations Development Program (UNDP) on Wednesday signed an 8 million U.S. dollars grant, giving a boost to the Zimbabwe Resilience Building Fund (ZRBF) set up in 2016 to build the resilience of vulnerable people in the country.
Studies & Presentations
Recent regional climate change projections have consequences for human systems, particularly for developing countries in Asia and the Pacific.
Given a poverty line, a person who is non-poor (poor) currently may not be treated as non-poor (poor) in a vulnerable situation. The poverty line is adjusted in the presence of vulnerability such that the utility of a person at the current poverty line and that at the adjusted poverty line become identical. Using an additive model of vulnerability, it is shown that if the utility function obeys constant Arrow-Pratt absolute risk aversion, then the harmonized poverty line is a simple absolute augmentation of the current poverty line.