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Risk Management

Big Challenges, Small States: Island Nations Come Together for Climate Action

Rachel Kyte's picture

New community buildings in Samoa

On Sunday in Apia, the capital of Samoa, I saw the results of the World Bank Group’s work with coastal communities that were devastated by the 2009 tsunami and by Cyclone Evan in 2012.  Working with the Samoan government and partners, we built coastal roads and a new system of access roads that leads into the hills away from the seashore. Many families rebuilt their homes in the hills, and the new road system helps bind those new households together as well as providing safe escape routes should a tsunami or major storm hit the coast again.
 
The hard infrastructure construction is interesting; the community conversations about next steps for protecting the coastlines are even more so. The government is launching a series of community consultations that will bring together village mayors, women leaders, government agencies, and NGOs to decide how best to climate-proof their coastlines. The communities are set to decide if sea walls or mangrove plantations will best protect their land and livelihood.  

I’m in Apia with a team from across the IFC and the World Bank to represent the World Bank Group at the 3rd UN Conference for Small Island Developing States and took the opportunity to learn more about climate and disaster risk management at the community level.
 
For island nations, the small size of their land and their economies comes with a set of unique vulnerabilities that makes climate change a major determinant of their ability to thrive and in some cases even survive.

Managing Risk for Development – Through a New World Bank MOOC

Sheila Jagannathan's picture

In the past two decades while the world has experienced global integration, technological innovation, and economic reforms, there has also been financial turbulence and continuing environmental damage. As the world changes, a host of opportunities are constantly arising, and with them, appear risks both new and familiar.  These risks range from the possibility of job loss and disease, to the potential for social unrest and natural disasters. This is the topic of a new World Bank Group MOOC illustrating how risk management can be used as a tool for development by helping to minimize crises but also unlocking important opportunities.

Addressing the Perfect Storm

Francis Ghesquiere's picture

A perfect storm of disaster risk is forming at the intersection of population growth, rapid urbanization, and climate change – one that is threatening to upend efforts towards achieving our development goals.
 
The number of natural disasters has nearly doubled in the last three decades, with the cost of these events increasing substantially– from around $50 billion annually in the 1980’s to just under $200 billion a year in the last decade, with extreme weather events responsible for nearly three-fourths of these losses.
 
One reason is population growth, 95 percent of which is happening and will continue to happen in developing countries. Another is rapidly expanding cities. Growing stress on infrastructure, utilities, and housing will only exacerbate risks and undo decades of achievements in development and increase the burden on humanitarian efforts.

When firefighting is not enough: The humanitarian community needs better risk management

Rasmus Heltberg's picture

A new report by the United Nations Office for Coordination of Humanitarian Affairs (OCHA) Saving Lives Today and Tomorrow is a wakeup call to the humanitarian community to improve risk management. The report builds on and has several parallels to the World Development Report (WDR) 2014 on Risk and Opportunity: Managing Risk for Development, and I was therefore invited to speak at its UN launch in New York last week.

Lessons on Development from the Immigration Queue

Tanya Gupta's picture

For those who work and live in Washington DC, flying into Dulles airport at the end of a long journey only to be greeted by long queues at immigration is never easy.  One hears a lot of complaints about immigration processes and it is human nature to talk about it when the government does something wrong rather than when things go right.  Global Entry - an initiative of the US Government (Customs and Border Protection) - a neat way to avoid the long line - is getting it exactly right.  I recently signed up for the Global Entry Program that allows travelers returning to the US, a quick entry back through fewer checks at immigration.  In my case, I got through immigration at Washington Dulles in 15 minutes from landing to a taxi!

The Global Entry Program is a great example of using technology to spur innovation and efficiency in the public sector in the following ways:

Risk and Accountability: What Role for the Inspection Panel?

Alf Jerve's picture

The World Bank wants to speed up. To meet the needs of clients and find new solutions to development challenges its appetite for taking risks must change. Accountability mechanisms, like the Inspection Panel, are often accused of causing staff to become risk averse – of slowing down the speed. The Panel has been set up to give people affected by Bank-supported projects an avenue for raising their concerns, knowing that the complaint will be handled by a body independent of those who man age the project. We call it citizen-driven accountability. Does this slow down speed or does it allow for speeding up because it improves the braking system? Fast cars need good brakes.

The answer is not simply one or the other. The Panel has stated on several occasions that it recognizes risk-taking is an essential part of development work, and that the Bank needs to be able to take the risks that go along with innovation, and venture into challenging circumstances where risks and potential rewards may be high. Effective safeguard policies provide means to identify and manage risks, which at times may slow down speed and rightly so. At the same time, citizen-driven accountability helps to enable risk-taking by providing a safety net for affected people in the event that risks materialize.

Imposing Conditions or Adding Value? Smart Ways to Manage Risk and Improve Performance

Amar Inamdar's picture

"Why do you want people to complain about our project?"  Jacques Buré, a Senior Highway Engineer in the World Bank, faced his incredulous client.  They were building a major road in Kazakhstan, with a $2.13 billion World Bank investment and over 1,000 kilometers across Central Asia. Jacques had just broached the subject of a grievance mechanism and he could hear the skepticism behind the question: yet another condition imposed by the World Bank.  And this one seems too much: what could possibly be the rationale for soliciting complaints?

This story kicked off a day-long deep dive which brought together over 40 staff from the World Bank and its private sector lending arm, the International Finance Corporation. It touched core issues about how to better manage complex risks on development projects; improve client relations; build on country systems; and shift the way the World Bank presents its policies and standards from 'because we tell you' to 'here's how this adds value and improves performance'.  Building on experienced practitioners and outside experts, the session was run by the Dispute Resolution and Prevention team – part of the World Bank’s Risk Management unit. It emphasized how to overcome operational challenges related to implementation of grievance redress mechanisms (GRMs) and make the business case to our clients on how a GRM can add value. It struck a deep chord with many of the project teams in the room.

How 'Big Data' Can Benefit the Public Good

Aleem Walji's picture

Patrick Svenburg, co-founder of Random Hacks of Kindness, tells "Developers for Development" audience: "There's no shortage of big ideas in the world.  It's the action part that's often lacking."


“Big Data” –- the billions upon trillions of bytes of digital information that are pumped into cyberspace every nanosecond –- has a single, secular mission: to keep growing. Now, software developers – the not-so-nerdy techies who keep Big Data growing at its feverish rate –- are striving to channel Big Data into the public good.

On Monday at the World Bank, developers came together with the development community -- in person and virtually through Skype video -- to figure out how to do that.

The entire "Developers for Development" can be seen on B-Span, the World Bank's webcasting service.

The afternoon event, which attracted an auditorium-ful of in-person visitors (many of them curious staffers from risk management and ICT at the World Bank) and many more via the live webcast that was offered in English, French, and Spanish, started with developers showing what's already been achieved since the first CrisisCamp about data and the public good was convened in Washington with CrisisCommons-World Bank co-sponsorship in June 2009.

The first demo was about the on-the-fly proliferation of CrisisCamps internationally in response to the earthquake that devastated Haiti in February.

Financial Management Reforms and the Realities of Politics

Sina Odugbemi's picture

There is probably no area of 'governance reform' work that is as technocratic and as ubiquitous as public financial management reform. It is where experts of different kinds - economists, accountants, auditors or all the above - work on improving the plumbing of governments, how revenues are collected and managed with efficiency and a minimum of leakage. Because the technical skills involved are deep and carefully honed over years of specialist training it is also an area where experts often seek to work in a politics- free zone by trying to ignore taking on the realities of each political context and just work on the plumbing. There is no doubt that a lot of good work is going on here, but there is also no doubt that a lot of the work is less effective than it might have been because interventions don't seek to work the politics of the initiative.