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An Accounting System Worthy of Earth Day: Natural Capital Accounting

Rachel Kyte's picture
When presidents, prime ministers, and government ministers of more than 60 nations put their countries’ names behind natural capital accounting last year at Rio+20, something shifted. Countries wanted a better way of measuring progress that went beyond GDP and factored in nature and its services.

Clearly that was no flash in the pan. Last week, I chaired a high-level ministerial dialogue on the margins of the IMF-World Bank Spring Meetings where government ministers and senior representatives of more than 40 countries came together to compare notes on how natural capital accounting is working for them.

Country after country – represented by finance, development, or environment ministers – talked about how natural capital accounting fit their countries’ priorities and how it could be a tool to address some of their key policy challenges. With each statement from the floor, it was clear that natural capital accounting is no longer an academic concept. It is alive and well and being utilized across the world in developing, middle, and high-income countries.

At IFC-Gates Foundation Event, A Call to Deepen Private Sector’s Impact on Poverty

Donna Barne's picture

Available in: Español, عربي 

April 15, 2013--The private sector could play a key role in ending extreme poverty by 2030 by gathering high quality data and evidence of entrepreneurial impact in developing countries, speakers said at a conference organized by IFC and the Bill & Melinda Gates Foundation ahead of the World Bank-IMF Spring Meetings.

 

World Bank Group President Jim Yong Kim and IFC CEO Jin-Yong Cai of the Bank Group’s private sector  arm called the private sector an invaluable ally in a plan to reduce global extreme poverty to 3% by 2030, and foster income growth of the bottom 40% of the population in every country. Those targets will be proposed to the World Bank’s Board of Governors this weekend.

 

“There is no way that we’ll get there without a robust private sector that is creating the jobs that are critical to lifting people out of poverty,” said Dr. Kim at The Private Sector and Ending Poverty conference.

 

“The extent to which we commit to working with the private sector to foster growth will determine how ambitious we can be for the poorest people in the world.”

 

The event, attended by a cross-section of private sector companies, academics, think tanks, and foundations, was watched in Pakistan, Ghana, Albania, Venezuela and Colombia, among other countries, and followed on Twitter with #Results4Impact and #wblive.

Salt, health's silent enemy

Sumito Estévez's picture

También disponible en español

Também disponível em português

kitchen

This year, World Health Day focuses on hypertension. Specialists report a clear link between excessive salt consumption and high blood pressure. In this blog, Venezuelan chef Sumito Estévez explains how the use of salt in our cooking has changed. He also shares some ideas for reducing salt consumption and reminds us that governments are also responsible for taking measures to decrease consumption.

Coq Au Vin (Chicken in red wine) is a delicious traditional French dish. Those who have had the privilege of preparing this slow-cooked recipe know that once the sauce has thickened, practically no extra salt is needed.

Latin America: violence threatens a decade of progress

Hasan Tuluy's picture

También disponible en español

Behind Latin America’s economic boom is hidden a wave of crime and violence, hurting all citizens, particularly the poorest, who have no way of protecting themselves.

Citizen insecurity has a variety of complex causes, ranging from organized crime, to outdated, ineffective justice and law enforcement systems, to domestic violence, which affects one in three women worldwide.

Colombia: the cup of coffee that changed the life of a whole community

Willem Janssen's picture

También disponible en español

Last Friday was International Women’s Day, but before adding to the general celebratory messages in cyberspace, I would like to tell you about a specific case that truly deserves to be celebrated.

If you are reading this blog while drinking coffee or after a coffee break, this story has to do with you.

Quinoa from five points of view

Tell a journalist that they’ll be covering a story on a subject they’re passionate about and you’ll make their day. Tell a cook they’ll be tasting different dishes made with the same ingredient, they’ll be on cloud nine.

I’m both a journalist and a cook. As a journalist I’m passionate about how we will face the challenge of feeding an increasing number of people with limited resources. As a cook, I love to explore the nutritional and flavor possibilities a single ingredient can offer.

A laboratory for peace in a small Colombian village

Isabelle Schaefer's picture

También disponible en español

The Montes de María, between the departments of Sucre and Bolivar in the north of Colombia, has been the stage for violent conflict for a long time. In this region, people can't trust their neighbors, poverty is common and opportunities scarce.

In 2004 , the program “Paz y Desarrollo” (Peace and Development) of the Colombian government, co-financed by the World Bank, began to support civil society initiatives to achieve local development and build peace.

Apps against domestic violence: 21st-century solutions to an old problem

Hasan Tuluy's picture

También disponible en español

There is a statistic that both astonishes and troubles me: the leading cause of injury to women is not traffic accidents, crime or serious disease. It is domestic violence.

One in four women will fall victim to this type of violence in her lifetime. In other words, a quarter of the female population, a shocking figure that reminds us that these are not anonymous women, but rather acquaintances, colleagues, neighbors, people we run into on the subway every day. 

Five conditions to create wealth. Has your country met them?

Oscar Calvo-González's picture

También disponible en español

In the context of a global economic slowdown and the search for balanced economic growth, I offer some elements for discussion.

All countries aspire to strong, sustainable economic growth given that it makes reducing poverty and expanding opportunities for all citizens much more feasible. There is no doubt about that. But how are high rates of growth achieved over the long term?

Prospects Daily: Global equities decline after US budget talks stall and US consumer confidence falls

Global Macroeconomics Team's picture

The Prospects Daily will be on Winter recess and will resume on

Wednesday January 2nd, 2013.


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