This week, we at Nordic Development Fund (NDF), together with our sister organisations Nordic Investment Bank, and Nefco - the Nordic Green Bank had the privilege to listen to a keynote from Mr. Luis Felipe López-Calva, Global Director of Poverty Global Department at the World Bank. Here are some key takeaways: 🌍Approximately 700 million people live in extreme poverty on less than $2.15 a day, and nearly half of the world lives on less than $6.85 daily, a figure unchanged since 1990. 🌍Looking at things globally, extreme poverty is increasingly becoming an issue of Sub-Saharan Africa, though it persists elsewhere too. High inequality, particularly in Africa and Latin America, hinders poverty reduction. 🌍Additionally, climate change threatens one in five people with extreme weather events in their lifetime. This is why our work is more crucial than ever: #ClimateFinance helps reduce poverty in Sub-Saharan Africa by boosting climate-resilient agriculture, renewable energy access, and disaster resilience, while creating green jobs and supporting sustainable development for stronger, more resilient communities. Thank you for an inspiring presentation! Learn more about our work: https://lnkd.in/ersfDaTS #ClimateChange #Africa #ClimateAction #Sustainability