World Environment Day 2025: Mobilization Against Plastic Pollution - UNESCO

Giving small businesses the capital to grow The Fostering Inclusive Finance for MSMEs in Nigeria program (FINCLUDE) is designed to expand the availability and quality of finance for more than 250,000 micro, small, and medium enterprises in job-intensive sectors, with 30 percent of financing targeted to women-led businesses. A $500 million package from the International Bank for Reconstruction and Development and the International Development Association combines financing and risk-sharing tools to encourage financial institutions and other investors to provide additional capital to underserved firms. The program is expected to mobilize nearly $1.89 billion in private financing and support an estimated 850,000 direct and indirect jobs.

Four pathways to better and more equitable tax systems There is no single path to a stronger tax system. The report proposes a two-step approach to help countries identify reforms that fit their circumstances. First, countries assess their structural fundamentals—the underlying economic and institutional conditions that shape what their tax systems can achieve. Second, they compare their tax system performance against peers with similar fundamentals to identify the distance to the fiscal frontier. Together, these two dimensions define four broad reform pathways, each with distinct priorities for strengthening tax systems—whether by moving closer to the fiscal frontier or, for stronger performers, pushing the frontier outward.

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