In her new role at IFC, Horowitz says climate will be her key focus. The World Bank Group’s investment arm, however, has been in the limelight this year for engaging in a few controversial projects, including for bankrolling a coal boom in the Philippines.
According to the World Bank, about 480 million people—some 6 percent of the world—will remain in extreme poverty if no significant shifts in policy are made.
This year presents significant opportunities for the global community to lay the foundation for a development agenda that puts efforts to tackle climate change and poverty on the same path.