The largest Public-Private Partnership deal in Central America was recently highlighted at one of the world’s most prestigious universities during the Massachusetts Institute of Technology’s (MIT) 9th Annual Sustainability Summit. Under this year’s theme, Funding the Future, the event brought together more than 300 participants from students, startup CEOs, academia, think tanks and financial investors.
Latin America & Caribbean
Are you a student or a young professional passionate about development and data? Do you care about poverty and inequality in Latin America and the Caribbean (LAC)? Then this blog contest is for you.
Regular readers of this space will know by now that we have run a periodic blog series - #LACfeaturegraph – that highlighted a particular data point from our LAC Equity Lab data portal and analyzed critical development issues across the region. Now this is your chance to be a part of this effort. You, too, can use the data from the LAC Equity Lab and come up with a blog entry that addresses some of these issues. Through the contest, we are looking for original, well-written posts whereby participants can share their perspective on poverty and equity issues in the LAC region and also recommend plausible public policy interventions.
The winner of this blog contest will get his or her entry published as part of the #LACfeaturegraph series. The winner will also have the opportunity to visit the World Bank Group headquarters in Washington D.C. at a later date to participate in a poverty event. Blog entries will be accepted for a month – from May 15, 2017 to June 15, 2017.
In an effort to address this issue, the World Bank Group and the United Nations embarked on a three-year partnership that led to the publication of a new report titled Securing Development: Public Finance and the Security Sector. It is a sourcebook providing guidance to governments and development practitioners on how to use a tool called “Public Expenditure Review (PER)” adapted to examine the financing of security and criminal justice institutions.
The region is also not homogenous. There is a large disparity in the levels of treatment per country: we see countries like Chile, which treats 90% of its wastewater, and countries like Costa Rica, which treats approximately 4% of its wastewater.
The food system currently employs the majority of people in developing countries, both in self and wage employment. And, according to our recent paper on jobs, all signs indicate that this system — which includes agriculture, as well as beyond-farm jobs in food processing, transportation, restaurants and others — will continue to be a major engine for job creation in the foreseeable future. As economies all over the world are confronted with the challenge of creating around 1.6 billion jobs over the next 15 years, it is important to harness the potential for job generation through productive alliances.
Photo credit: Ministry of Transport, Argentina
This year’s UN Permanent Forum on Indigenous Issues, which kicked off last week in New York, marks the 10th anniversary of the United Nations Declaration on the Rights of Indigenous Peoples.
The World Bank’s Forest Carbon Partnership Facility (FCPF) is coming up on its own 10-year anniversary. Since 2008, the FCPF has run a capacity building program for forest-dependent indigenous peoples. The initiative, with a total budget of $11.5 million, has worked to provide forest-dependent indigenous peoples, national civil society organizations, and local communities with information, knowledge and awareness to increase their understanding of efforts to reduce emissions from deforestation and forest degradation (REDD+), and to engage more meaningfully in the implementation of REDD+ activities. The program recently wrapped up its first phase (2008-2016), which included 27 projects, and presented the results at a side event to the Permanent Forum.
Between 2010 and 2017, Chile was struck by 10 major natural hazard events. These disasters affected as many as 340,583 houses and cost $3.6 billion in reconstruction (Ministry of Housing and Urbanism of Chile). Post-disaster assessments point to housing as one of the most affected sectors in the wake of climate-related and other natural hazards—most commonly floods, earthquakes, landslides, and fires. In a 22-year period between 1990 and 2011, minimum losses in the housing sector for 16 countries in Latin America and the Caribbean (LAC) amounted to $53 billion.
In the LAC region, one quarter of the population lives in slums, characterized by the prevalence of substandard housing quality as well as incremental and self-construction of homes. Families living in these informal settlements are at greatest risk to natural hazard impacts. Programs providing new housing do not always reach families in the lowest quintiles; and without access to affordable and well-located housing alternatives, households have no other option than to build informally, and in areas most prone to natural disasters.