IADB-financed projects must meet the requirements of the Environmental and Social Policy Framework (ESPF), which requires project implementing agencies to respect human rights and address human rights-related risks and impacts. IADB’s commitment to human rights includes those recognized in international and regional legal instruments. When financing infrastructure … [Read more...] about 5 Lessons on the Protection of Human Rights in Financing Digital Government Initiatives
Assessing Climate Risks: Climate Change Impact on Sovereign Ratings in the Caribbean
Higher climate risks, higher financial costs Climate risks pose physical and transition risks. Nonetheless, the creditworthiness assessment has yet to distinguish climate risk impacts explicitly. In fact, only after the signing of the Paris Agreement in 2015 incipient studies towards assessing climate risks have been observed, allowing today’s broad acknowledgment of the … [Read more...] about Assessing Climate Risks: Climate Change Impact on Sovereign Ratings in the Caribbean
Barbados: Lessons Learned in Crafting Inclusive Hurricane-Preparedness Messages
Barbados, like many Caribbean islands, faces significant vulnerability to a range of natural hazards, increasingly exacerbated by the negative impacts of climate change. With a quarter of its population and most tourism locations situated in coastal areas, the country has historically been impacted by tropical cyclones and their associated effects, such as flooding and storm … [Read more...] about Barbados: Lessons Learned in Crafting Inclusive Hurricane-Preparedness Messages
Barbados: Turning vulnerability into climate action
“Vision without action is merely a dream. Action without vision is merely passing time. But vision with action can change the world,” said Prime Minister Mia Amor Mottley. These powerful words underline the country's commitment to deliver results and ensure we win the climate change battle, as Barbados has no choice. In a world where the effects of climate change are becoming … [Read more...] about Barbados: Turning vulnerability into climate action
Supply Chain Risks and Challenges in Financial Intermediation
Global supply chains are the fundamental basis of economic development worldwide. Through a complex and organized structure, they aim to boost the production and trade of productive activities. In the member countries of the Organization for Economic Co-operation and Development (OECD), the logistics sector represents 10% of GDP on average. According to the Economic Commission … [Read more...] about Supply Chain Risks and Challenges in Financial Intermediation