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