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World Bank

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How important is the World Bank to the global environment? During the past 15 years, the World Bank has committed to $693 million in Global Environment Facility (GEF) grants for over 70 projects in the Africa Region (Sub-Saharan Africa) which represents 22 percent of the total World Bank-GEF grant commitments”(World Bank, 2006). The projects implemented by GEF have focused on five key areas. They include the following: * Biodiversity conservation * Climate change * International waters * Land degradation * Organic pollutants History has shown how vital it is to invest on all levels in order to produce and maintain global benefits. The success of local benefits is essential to the success of GEF’s goals and rd work for the environment. “A principle determinant of success or failure in generating and maintaining global benefits is the extent to which local communities are involved as direct actors in the process and are motivated by having a stake in the outcome”(World Bank, 2006). The World Bank and GEF’s goals are to minimize poverty and improve the living standards among the people. They will achieve this by continuing to grow and invest in people. “The World Bank’s long experience in rural and community development, its financial capacity, and its policy of mainstreaming global environmental concerns into the development agenda mean that it is well placed to support environmental projects through a solid grounding in the broader development process at the local level”(World Bank, 2006).

Works Cited

World Bank. (n.d.). World Bank. Retrieved January 6, 2012, from World Bank: http://web.worldbank.org

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