New research from the World Health Organization finds that some 35% of women worldwide — one in three — are subject to violence over the course of their lives, mostly at the hands of husbands or partners and at a huge personal and economic cost.
Horrific events such as a gang rape on a bus seize headlines, but in fact no place is less safe for a woman than her own home. Estimates of lost productivity alone range from 1.5 to 2% of GDP, or roughly what most developing countries spend on primary education.
With "1 in 3," the World Bank Group Art Program seeks your engagement through art and encourages action to tackle gender-based violence.
This exhibition brings together hard data with some 80 nuanced, powerful artworks that explore the various ways in which violence affects the lives of women and girls around the world.
These works conveys the impact of domestic violence as experienced or witnessed by children, as in the paintings of Laben John of Papua New Guinea, and of sexual and gender-based violence as weapon of war, as in the sculpture of Freddy Tsimba from the Democratic Republic of Congo.
Artist Nasheen Saeed of Pakistan depicts the deadening neglect so many girls suffer in their own families simply because they are girls.
Photographers Kay Cernush of the United States and Karen Robinson of the United Kingdom take on human trafficking with intimate portraits of young women lured abroad by the false promise of a better life. All help break the silence that often surrounds violence against women, encouraging survivors to stand up and speak out.
Looking at the literature on informality, one thing that stands out is the small size of the informal firms. In fact, firm-size is one of the criteria used by ILO and individual researchers to draw the line between formal and informal firms. Many informal firms, however defined, are operated by the owner herself or himself and without any other employees, with few having more than five employees.
I have just returned from London where I attended the seventh meeting of the Friends of Yemen (FoY) group. This group was created in 2010 to help support Yemen through a period of crisis. It is co-chaired by the United Kingdom, Saudi Arabia and Yemen itself, with 36 other members, including the United States and Russia.
At the meeting, members discussed how the international community would support Yemen to complete its political transition toward federalism, implement the outcome of its national dialogue—and lay the foundations for a democratic modern civil state.
"I used to hate politics and politicians."- Arvind Kejriwal, an Indian politician and former civil servant. He leads the Aam Aadmi Party (translation: Common Man Party), which he launched in 2012. He is well-known for his efforts to enact and implement the Right to Information Act (RTI) and in drafting a proposed Jan Lokpal Bill (Citizen's Ombudsman Bill) that sought the appointment of a Jan Lokpal, an independent body, to investigate corruption cases. In the 2013 Delhi Legislative Assembly election, the Aam Aadmi Party won 28 seats, propelling him to serve as the chief minister in Delhi from December 28, 2013 to February 14, 2014.
Last month, the World Bank released Pakistan’s first ever Consumer Protection and Financial Literacy (CPFL) Diagnostic Review along with convening a workshop where 200 financial sector professionals discussed the recommendations, a first such deliberation on consumer protection and financial literacy in the country.
The assessment compares Pakistan’s performance standards, covering four segments of the financial sector - banking, microfinance, insurance, and securities markets. This approach brought out cross-cutting findings and a comprehensive set of recommendations. The overall objective of the review is to foster a responsible financial system that offers (a) transparency, (b) appropriate choices, (c) redress mechanisms, and (d) privacy of consumer information.
Financial exclusion in Pakistan is high – 56% of the population currently uses no formal or informal financial products – but decreasing. The past decade has seen rapid growth in household lending in Pakistan, leading to many taking on risks and obligations they do not fully understand. This growth underscores the need for CPFL to prevent unfair practices, and improve transparency and efficiency by reaching potential customers to increase their understanding of financial services.
Overall, the report identifies certain gaps and overlaps in the legal, institutional, and regulatory framework for consumer protection in Pakistan and finds that there is a need for some consolidation and much more coordination amongst a fragmented range of consumer protection institutions, including regulators, industry associations and ombudsman offices. Key stakeholders agree that a consolidated approach to regulating market conduct is necessary. One critical area is the microfinance sector which serves close to 3 million active borrowers and 6 million savers. Many of these clients have limited access to consumer protection institutions or information, leaving them vulnerable to consumer rights malpractices. In this sector, microfinance banks (MFBs) are regulated by the State Bank of Pakistan, but other non-deposit taking microfinance institutions (MFIs) are unregulated. In a number of geographical areas, both MFBs and MFIs are serving the same clientele, but there is a difference in market conduct regulations on consumer protection. For example, a microfinance bank is mandated by the prudential regulations of the State Bank of Pakistan to disclose annualized lending and deposit rates in the contract signed with their clients, and to also have an officer read out these terms to their clients. In contrast, a non-deposit taking institution is not subject to these regulations and has the discretion of quoting, say, rupee amounts that might not be representative or comparable.
The key finding on transparency and disclosure is that although financial regulators have strengthened disclosure requirements, there is a lack of standardized, comparable pricing information on financial products. As a result, consumers do not always have simplified, adequate, and comparable information about the prices, terms and conditions, and inherent risks of financial products and services. Regulators, market participants, and other stakeholders agreed with the recommendation on introducing a standard Key Facts Statement sheet, but also stressed the need for some demand-driven research on what information would be most beneficial to Pakistani consumers and what would be most effective way of communicating this information.
"Multi-stakeholder" has become an established term in the international development lexicon. It is often inserted reflexively in proposals and reports, for example in association to broadening consultation, securing buy in, or strengthening oversight. The assumption is that being multi-stakeholder is a good thing. Fueling or at least reinforcing this trend has been the proliferation of formalized multi-stakeholder initiatives (MSIs) bringing together diverse actors from the public, private, and civil society sectors. This has certainly been true in the governance space over the past decade. The Extractive Industries Transparency Initiative, the Construction Sector Transparency Initiative, the Open Government Partnership, and the Open Contracting Partnership are just a few examples of MSIs that aim to solve governance problems through collective action. They build on a longer history of initiatives focused on particular social and environmental concerns, ranging from fair trade to sustainable sourcing of products.
Almost two years ago Program for Results (PforR), the newest financing instrument for World Bank operations, was introduced to great expectations within the Bank and the international development community.
Every day, the world’s population generates enough waste to fill about 14 large soccer stadiums from top to bottom, more than 3.5 million tonnes. That's a lot of trash, from plastic bottles that aren't going anywhere to food scraps and other perishable items decaying and building up greenhouse gases in landfills and trash dumps.