Long Story Short

This week, we take a look at the Civil Society and Social Innovation Alliance, known as CIVIC, a new, forthcoming World Bank Group initiative designed to support civil society organizations and social economy players. This venture seeks to foster more collaboration in line with the bank’s localization agenda, enabling civil society to play a crucial role in addressing global challenges. On the topic of the World Bank, the financial institution announced $23.7 billion in contributions to the International Development Association, or IDA, the bank’s fund for providing grants and low-interest loans to 78 low-income countries. This is a 0.8% increase from the last replenishment of $23.5 billion in 2022 but falls short of the $27 billion that some advocates had hoped for. We also discuss the Lobito corridor, which will connect Angola, Zambia, and the Democratic Republic of Congo via a rail that runs to the Lobito port in Angola. With many seeing it as a key initiative in the U.S.' efforts to counter China's grow