Investing in Natural Capital for Eradicating Extreme Poverty and Boosting Shared Prosperity : A Biodiversity Roadmap for the World Bank Group

The World Bank Group (WBG) has a long experience in engaging in biodiversity with world-class expertise in the field. It has been the single largest funder of biodiversity investments since the late 1980s. The WBG investments have largely been of two kinds: (1) investments in biodiversity, aimed at the conservation and sustainable use of species, habitats, and ecosystems that sustain healthy ecosystems, while enhancing people's livelihoods and safety nets. These investments have also been providing jobs and economic development in frequently impoverished rural areas for example by supporting protected areas and an increasingly important tourism industry; and (2) investments that add value to projects in other sectors, such as irrigation, hydropower, and infrastructure, by increasing their environmental sustainability. The WBG is a global center of excellence that provides economy wide technical and economic knowledge and expertise on biodiversity and ecosystems. It has the standing and convening power to facilitate participatory dialogue between client countries and networks of other relevant stakeholders on matters of biodiversity and climate change concern, such as loss of ecosystem resilience, forest law enforcement and governance, wildlife trade, and overexploitation of natural resources.