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World Bank

Could investing millions in hydro-meteorological services save billions in emerging countries?

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Could investing millions in hydro-meteorological services save billions in emerging countries?

According to a recent article published by Reuters, the World Bank is working with other development finance institutions to raise some $500 million to modernise weather and flood forecasting services in Africa. Why is this such a priority? According to World Meteorological Organization figures, 90% of natural disasters in sub-Saharan Africa in the past decade were climate or weather-related. More recently, flooding has devastated some southern African countries such as Malawi and Mozambique, both of which have suffered severe damage to homes, crops, and infrastructure, not to mention the loss of hundreds of lives.

The aftermath of the floods does not look promising either. Fears of cholera outbreaks along with malaria are very real. Without shelter, or clean water, mosquitoes multiply. And as Mandinda Zungu, Programs Coordinator for Catholic Development Commission in Malawi reports to BBC News, cholera can be described as “a ticking time bomb: ‘Because pipes are blocked or destroyed, clean water supplies are cut off," she explains. ‘People are bathing in streams then drinking the same water further down. They are going to the toilet in fields, which, when it rains, spreads into the rivers.”

Thus the need for more investing in advanced weather forecasting services can be rationalized: “Globally, investment in hydro-meteorological services could lead to a realization of up to $30 billion per year in increased economic productivity and cut losses from disasters by up to $2 billion.” - Disaster risk specialist Daniel Kull, World Bank, Reuters

 

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World Bank to Give Kyrgyzstan $24 Million to Provide Electricity to Remote Areas

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World Bank to Give Kyrgyzstan $24 Million to Provide Electricity to Remote Areas

The World Bank Executive Board of Directors approved $24 million to go towards the Energy Sector Development Policy Operation for the Republic of Kyrgyzstan today. The goal of this project is to improve the long term reliability of the Central Asian republic’s energy supply, which has deep rooted structural issues. The country relies mostly on hydroelectric power but is very unreliable due to a multitude of issues.

AKIpress reports: “The Kyrgyz Republic has the lowest electricity tariffs in the Europe and Central Asia region, which contributes to the inefficient use of energy, severe under-spending on maintenance and new investments, and resulting poor supply reliability and quality. The patchwork regulatory framework and insufficient transparency and accountability result in operational inefficiencies and undermine public trust in the sector.” When these issues are coupled with the fluctuation in hydrology cycles, energy shortages become abundant. The issue has become more apparent in the winter 2014-2015 season as there has been a significant reduction in water flow to the much relied upon Toktogul reservoir.

The approach being taken is to focus on a few main policy areas including increasing electricity tariffs, strengthening energy sector governance and transparency, and better management of power shortages in remote and lower income areas. The hope is that by addressing these different policy areas that are interlinked at the core, energy supply reliability will greatly improve in the coming years.


Read more about this operation here.

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