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one of the most important areas where we
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all need to focus on is energy because
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energy is the foundation for any other
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type
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businesses without energy you cannot
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have manufacturing without electricity
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children cannot study and we can go on
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and on and it gives impact on health and
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so many many other sectors so the focus
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of the World Bank Group right now is to
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close the energy gap in the world right
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now 1.2 billion people do not have
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access to electricity that that
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translates into I would say around the
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trillion plus dollars of financing gap
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in Africa alone for energy alone and
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this is a very tall order this means
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that we have to come up with some
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innovative solutions most of them can be
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great solutions where we work with
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governments on regulatory reforms to
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improve their generation energy
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generation capacity but then also
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transmission and distribution but in
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Africa we also have to innovate around
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off-grid energy solutions because
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villages through rural areas in Africa
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cannot be connected to the grid and
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these are all the things where we are
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either getting very good proposals
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innovative proposals from the ideas for
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action competition or where we ourselves
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as multilateral Development Bank are
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focusing our efforts to innovate and of
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course when we are talking about energy
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usually the conversation needs how much
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energy we can generate sometimes
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neglected issue is once we have the
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energy how have you used that and
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especially talking about Africa villages
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and so on I mean that will change
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fundamentally in the life of the people
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in this village so energy is not energy
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on its own energy is about agriculture
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improving production milk production for
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example if you can cool the milk then
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you have a better productivity if you
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can have refrigerators and storages and
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so on so to the extent that a general
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the issue of energy is also driven and
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informed about specific needs that will
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be fully met by access to energy I think
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it's very important element and in many
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of these proposals
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from ideas for action is exactly that
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filling the lack of energy constrained
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capabilities of these innovators to
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commit idea we can fundamentally change
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the life of billions people around the
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world
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you
