News

With the Urban Water Catalyst Initiative, Germany is launching, with support from the Netherlands, the first global initiative to mobilise public and private investment for climate-resilient urban water utilities in the Global South.

Germany's Governor to the World Bank, Development Minister Svenja Schulze, today talked to US Treasury Secretary Janet Yellen. Schulze: “In order to successfully tackle global challenges such as the climate crisis, trillions of dollars in investments are needed – including in particular in developing countries and emerging economies. One key lever for this is a fundamental reform of the World Bank. Janet Yellen is an important ally in this endeavour.”

Germany's Federal Minister for Economic Cooperation and Development Svenja Schulze, talked with the U.S. candidate for World Bank President, Ajay Banga, yesterday. Following their conversation, she stated: “I expressed my expectation that the next World Bank President must be fully committed and dedicated to the reforms that are urgently needed at the World Bank.”

Germany will increase its assistance for the least developed countries (LDCs). At the Fifth United Nations Conference on the Least Developed Countries (LDC5) in Doha, State Secretary Jochen Flasbarth announced that the German Development Ministry (BMZ) would increase its support for the world's poorest countries by 200 million euros over last year's levels.

Development Minister Svenja Schulze has presented her strategy for a feminist development policy. It is aimed at guaranteeing women the same rights and access to resources as men and working to ensure that women are equally represented and involved in political and economic decision-making processes.

The Higher Council for the Rights of Persons with Disabilities (HCD) convened on Wednesday, in Amman, the first preparatory meeting on the Global Disability Summit (GDS) in 2025, which is due to be co-hosted by Germany, Jordan and the International Disability Alliance (IDA).