Of the total US$15.4 billion pledged by the international community at the end of the first day of the meeting of the Consultative Group on Côte d’Ivoire held on May 17, 2016 in Paris, the World Bank Group (IDA, IFC, MIGA) will commit the sum of US$5 billion (CFAF 2500 billion) to finance Côte d’Ivoire’s Second National Development Plan (NDP) covering the period 2016-2020. This amount is double the sum allocated during the previous period (2012-2016), proof—if any were needed—that the World Bank is more than ever committed to helping Côte d’Ivoire achieve emerging country status. This new country partnership framework between the World Bank Group and Côte d’Ivoire is an important milestone.
Africa’s Infrastructure: A Time for Transformation, the inaugural report in the Africa Development Forum series in 2010, was the fruit of an unusual confluence of circumstances. Seldom have donors put such a solid funding base behind primary data collection and analytical work on infrastructure, seldom has World Bank management been able to dedicate such significant human resources over a multiyear horizon to study these issues, and seldom has an infrastructure knowledge project brought together such a broad coalition of stakeholders including the key regional bodies in Africa. The catalyst was the high level of political commitment on African infrastructure made at the G8 Gleneagles Summit in 2005 based on the background work conducted for the Blair Commission Report on Africa.
It’s the classic conundrum that governments typically grapple with. Which projects are most beneficial in the long-term? How do large, expensive projects impact on the debt dynamics and macroeconomic stability? While there is a need for large infrastructure investment in the developing world it is often difficult for governments to determine the most beneficial projects.
The issue of adaptation will feature more prominently than ever in the discussion. Agreeing to limit warming to two degrees means the negotiators recognize that certain degree of warming is unavoidable. Countries need to adapt, and adequate resources are needed to help poorer countries make the transition.
How should countries go about adaptation? The answer is not an easy one. The technological solutions to reduce emissions are well known, but exactly how development decisions in response to anticipated climate change are most effectively made is a lot trickier.