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Four months after Paris, renewed urgency on climate action and financing

Donna Barne's picture

World Bank Group President Jim Yong Kim speaks with Ségolène Royal, France’s Minister of Ecology, Sustainable Development and Energy, and Mark Carney, the governor of the Bank of England and chairman of the G20’s Financial Stability Board. © Dominic Chavez/World Bank

The world must move quickly to fulfill the promise of the climate change agreement reached in Paris four months ago and accelerate low-carbon growth, World Bank Group President Jim Yong Kim said on the opening day of the Spring Meetings.

More than 190 countries came together last December to pledge to do their part to halt global warming. The result was an unprecedented agreement to keep warming below 2 degrees Celsius over pre-industrial times, with the goal of limiting warming to 1.5° C.  

Vietnam: Brightening people’s lives through integrated healthcare in a hydropower project

Sang Minh Le's picture
Vietnam: A Healthier Project Is a Brighter Project

On a spring morning in 2016, Mrs. Dinh Thi Son of the Thai ethnic minority group brought her two month old baby to the Trung Son Hydropower Project construction site for medical services. Why go to a construction site? Because it has a health center that’s fully equipped with medical devices, well stocked with medicines, an ambulance, and doctors and nurses who provide healthcare services 24/7 for workers and local people alike.

It’s all about inclusion, but how?

Alina Rocha Menocal's picture

is the new buzzword in international development. From promoting citizen empowerment to fostering pathways out of fragility, it is all about political processes that are more inclusive and representative‎.

The newly adopted Sustainable Development Goals are perhaps the most ambitious articulation of this consensus, with Goal 16 in particular calling for building more “effective, accountable and inclusive institutions at all levels”.

And there are good reasons for this call-out. Two findings from research that I undertook for a paper I wrote recently on Political Settlements and the Politics of Inclusion are particularly striking in highlighting the centrality of inclusion:

What Vietnam can learn from Singapore about flood risk management

Linh X. Le's picture
Overview of Bishan-Ang Mo Kio Park, Singapore. Photo: Stefan/Flickr
As Vietnamese, we look very fondly to Singapore as a model for development in the region, especially fostered by a close relationship between Vietnamese leaders and the former Minister Mentor Lee Kuan Yew—Singapore's founder and mastermind behind all its modern-day achievements. Singapore represents modernity and civilization, notably with limited natural resources. The city-state has proved an applicable model of development for cities in Vietnam to achieve not only competitiveness but also sustainability and inclusiveness.
I just returned to Vietnam after attending the World Bank’s first-ever Urban Week in Singapore, a series of events that brought together city leaders from across Asia and beyond to explore innovative approaches to urban planning and management.
A topic that cut across all these areas is flood risk management, which was featured extensively during the launch event of the Global Platform for Sustainable Cities. I had the opportunity to learn more about the role of green mitigation infrastructure in integrated urban flood risk management, with lessons from Japan, Korea, Sri Lanka, Senegal, and the Netherlands. In these countries, green structures such as retarding basins, permeable pavement, and rainwater storage or infiltration trench have complemented conventional structural measures to reduce flood risk in a cost-effective manner.

Malnutrition denies children opportunity and stunts economic development

Axel van Trotsenburg's picture

Nearly 50 years ago, books such as Asian Drama: An Inquiry Into The Poverty Of Nations, by the Swedish economist and Nobel laureate Gunnar Myrdal, offered a dire prediction of famine and poverty for the region in coming decades.

Implementing stronger and more credible student assessment systems

Alan Ruby's picture
Students in a READ-financed Mozambique program take their exams. Photo by Jem Heinzel Nelson

Ed: This guest post is by Alan Ruby, senior scholar at the University of Pennsylvania’s Alliance for Higher Education and Democracy who also serves as a consultant to the World Bank, an adviser to  the Nazarbayev University in Kazakhstan, the Head Foundation in Singapore, and the American Institutes of Research. 

Nearly 50 years ago, 40 classmates and I spent the last two weeks of November taking our higher school certificate examinations. In a cavernous, hot, and poorly ventilated hall, we sat in widely-spaced rows, writing essays, solving mathematics and science problems, and answering multiple-choice questions. 

How to scale up financial inclusion in ASEAN countries

José de Luna-Martínez's picture
MYR busy market

Globally, around 2 billion people do not use formal financial services. In Southeast Asia, there are 264 million adults who are still “unbanked”; many of them save their money under the mattress and borrow from so-called “loan sharks”, paying exorbitant interest rates on a daily or weekly basis. Recognizing the importance of financial inclusion for economic development, the leaders of the Association of South East Asian Nations (ASEAN) have made this one of their top priorities for the next five years.
Last week, the World Bank Group presented the latest data on financial inclusion in ASEAN to senior representatives of the ministries of finance and central banks of all 10 ASEAN member countries (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam). The session, held in Kuala Lumpur, is one of the joint activities the new World Bank Research and Knowledge Hub and Malaysia is undertaking to support financial inclusion around the world.

How joint land titles help women’s economic empowerment: the case of Vietnam

Wael Zakout's picture
Photo credit: CIAT/Flickr
Vietnam is my first love working for the World Bank. It is the first country I worked in when I joined the Bank back in 1994.
At the time, the country was still opening up to the outside world, and the Bank had just set up a small office there. I recently returned to Vietnam after 15 years, this time as the Bank’s Global Lead for Land. I saw a completely different country: while the old city charm is still there, Hanoi has transformed to the point that it is really difficult to recognize… as if I had landed in Japan, China, or any other Southeast Asian country.
The airport used to be one gate; now, it is a modern airport not much different from any airport in Western Europe or the United States. I remember that, when I worked in Vietnam in the mid-90s, GDP per capita was averaging US$200, and around 50% of people lived in extreme poverty. Today, GDP per capita has soared to about US$2000, while extreme poverty has dropped to around 3% according to the US$1.9/day extreme poverty line... An impressive achievement in less than 20 years.
My trip to Vietnam had the goal of helping the government modernize and automate the land administration system. In the early 90s, the country launched an ambitious reform program to transform the land use model from communal farming to individual household ownership by breaking up the communal land structure and distributing land to individual households. This reform was then credited with changing Vietnam from a net importer of rice to one of the largest rice exporters in the world in only a few years.
In accordance with the Land Law of 1993, the first Land Use Certificates (LUCs) issued under the program were in the name of the “head of household”, i.e. in the name of men only. Later on, the Vietnamese government, with support from the World Bank, strove to change things around by issuing LUCs bearing both the wife’s and the husband’s names.

How can rapidly aging East Asia sustain its economic dynamism?

Axel van Trotsenburg's picture
Panos Agency

In the last three decades, East Asia has reaped the demographic dividend. An abundant and growing labor force powered almost one-third of the region’s per capita income growth from the 1960s to the 1990s, making it the world’s growth engine.
Now, East Asia is facing the challenges posed by another demographic trend: rapid aging. A new World Bank report finds that East Asia and Pacific is aging faster – and on a larger scale – than any other region in history.
More than 211 million people ages 65 and over live in East Asia and Pacific, accounting for 36 percent of the global population in that age group. By 2040, East Asia’s older population will more than double, to 479 million, and the working-age population will shrink by 10 percent to 15 percent in countries such as Korea, China, and Thailand.
Across the region, as the working-age population declines and the pace of aging accelerates, policy makers are concerned with the potential impact of aging on economic growth and rising demand for public spending on health, pension and long-term care systems.
As the region ages rapidly, how do governments, employers and households ensure that hard-working people live healthy and productive lives in old age? How do societies in East Asia and Pacific promote productive aging and become more inclusive?