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World Bank

Climate warning

Five-Star Deluge: World Bank's Climate Charade Washes Away Vulnerable Communities

The World Bank is facing criticism for its approach to climate finance. While the Bank touts its funding of "green" hotels as a climate-friendly solution, critics argue this approach ignores the urgent needs of the most vulnerable communities, like the fishermen of Senegal, whose livelihoods are already being destroyed by climate change. This isn't just about semantics. Aid groups point out that less than 1% of the World Bank's climate finance guarantees actually go towards helping communities adapt to the devastating impacts of climate change they are already experiencing. The World Bank claims its funding strategy is all about "mobilizing private investment" in developing countries. But is building luxury hotels really the most pressing need for communities on the front lines of climate catastrophe? Shouldn't climate finance be focused on helping fishermen replace their nets ripped by stronger storms, or farmers struggling with unpredictable weather patterns?
Building a sustainable future requires more than a green facade. We need real solutions that address the urgent needs of vulnerable communities. The World Bank must stop prioritizing posh hotels over people's livelihoods. It's time for climate finance to flow towards those who need it most, before it's too late.



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27 more agrees trigger contact with the recipient

  • Ann Nyambura

    3 w

    It's time for a reassessment of priorities to ensure that resources are directed where they're needed most.

    1
    • George Kariuki

      4 w

      We need real solutions, not greenwashed facades. The World Bank should prioritize people over posh hotels.

      2
      • Rashid Kamau

        4 w

        This has to be reconsidered.

        3
        • Elizabeth Gathigia

          4 w

          World Bank should priotize financing sustainable developments that are beneficial to the planet

          3
          • Munene Mugambi

            4 w

            @elizbeth_gathigia Focusing World Bank financing on sustainable developments that benefit the planet is crucial for our future. Prioritizing such projects can lead to positive environmental outcomes and ensure a more sustainable world for generations to come.

            1
          • Kevin

            4 w

            The world bank needs to be holistic and considerate even as it advances its climatic goals and agendas.

            2
            • Munene Mugambi

              4 w

              @Kevin The World Bank must be proactive in the climate space ensuring consideration for various factors even as it pursues its climate goals. Balancing social, economic, and environmental concerns is essential for sustainable development.

              1
            • winnie nguru

              4 w

              The World Bank should channel the resources in the right areas. Clearly this is not right

              3
              • Rukia Ahmed Abdi

                4 w

                This is very disappointing of @worldbank.As a world recognized financial institution,world bank should reconsider this approach

                5
                • walter lungayi

                  4 w

                  This is a worst decision. It would be beneficial for the World Bank to reevaluate its climate strategies and prioritize initiatives that directly benefit vulnerable communities.

                  3
                  • Munene Mugambi

                    4 w

                    @walter_lungayi Inclined to agree sir. The World Bank's decisions shouldn't solely revolve around financial gains. Reevaluating climate strategies to prioritize initiatives benefiting vulnerable communities reflects a commitment to social responsibility and equitable development, transcending mere monetary concerns. It's about fostering resilience and improving livelihoods for those most affected by climate change, acknowledging the interconnectedness of economic, social, and environmental well-being. We hope to see this take centre space in the future

                    1
                  • Sarah Chabane

                    4 w

                    Sounds like the World Bank is prioritising the wrong things. Time for a change

                    9
                    • Saustine Lusanzu

                      4 w

                      This is a shame to the financing organization like World Bank

                      4
                      • mary Mwihaki

                        4 w

                        This very dissapointing samething needs to be done

                        10
                        • Saustine Lusanzu

                          4 w

                          @mary_dosarah exactly, immediate response should be taken, we don't have time

                          2
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