The World Bank’s Financial Access Database, which has quite recent representative data for most countries in the world, indicates that in Africa, for instance, only about a quarter of the population has a bank account. And less of them use it.
As World Bank Managing Director Caroline Anstey said in her remarks at last Thursday’s event on women in the private sector, women make up nearly 50 percent of the world’s population. Despite this, they are only 40.8 percent of the formal global labor market. This gap represents a vast economic potential that could have the power to create jobs, drive economic growth and transform the global economy as we currently know it—shaky, stagnant and according to some of the data, in recession.
Let's think together: Every week the World Bank team in Tanzania wants to stimulate your thinking by sharing data from recent official surveys in Tanzania and ask you a couple of questions. This post is also published in the Tanzanian newspaper The Citizen every Sunday.
Tanzania has experienced an exceptionally high population growth – from 11 million in 1963 to over 45 million in 2012. Among the factors that have contributed to this increase –one of the fastest in the world– is the falling mortality rate. Life expectancy in Tanzania has increased over the past two decades from 50 to 58 years.
In addition, Tanzanian women have continued to have many children (5.4 per woman in 2010), which is higher than Kenya and Rwanda (4.6) as well as other sub-Saharan countries with the exception of Uganda.
Since 1991, this rate has only declined by 13 percent in Tanzania against 26 and 31 percent in Rwanda and Kenya, respectively. Several other factors have also contributed to the high population growth rate that Tanzania is experiencing:
Another day, another, errm Day. Ahead of tomorrow’s International Day for Disaster Reduction (hold the front page….), Debbie Hillier, Oxfam’s Humanitarian PolicyAdviser (right), explores the links between DRR and inequality
I have never understood why disaster risk reduction (DRR) gets so little attention – from governments, donors and the aid system in general. Be honest, how many of you know what the Hyogo Framework for Action is, or know what UNISDR stands for? This is despite the proven effectiveness and – the holy grail - value for money of disaster risk reduction. Frankly speaking, it’s a no-brainer.
We all seem to understand the imperative for prevention when it comes to vaccinations and insurance, but somehow this falls apart when it comes to reducing the impacts of disasters. For national governments, I suppose that time delays between public investment in risk reduction and benefits when hazards are infrequent, and the political invisibility of successful risk reduction can be pressures for a NIMTOF (Not in My Term of Office) attitude that leads to inaction. And donors prefer the Superman of high profile disaster response to the Clark Kent of disaster risk reduction.
Guest post from Carron Basu Ray, (right) who coordinates Oxfam’s ‘My Rights, My Voice’ programme
The Ngorongoro area of Tanzania is regarded as the birthplace of humanity, a vast, strikingly beautiful part of the world. The Maasai pastoralists who live there are among the most marginalised people in the country and their children, especially the girls, have little access to quality education. I was in Tanzania a couple of weeks ago, meeting representatives from partner organisations and Oxfam colleagues who are implementing a dynamic education project that works with marginalised children and young people, their allies (parents, teachers, community leaders, etc) and many others on education issues and youth empowerment. The work is part of Oxfam’s eight country My Rights, My Voice global programme, funded by the Swedish Development Cooperation Agency (Sida).
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The World Bank has launched a global conversation on social media centered around a question: what it will take... to end poverty? ... for your family to be better off? This week, people from around the world are sharing ideas on what it will take to get more girls in school.
People, Spaces, Deliberation bloggers present exceptional campaign art from all over the world. These examples are meant to inspire.
Empowering women entrepreneurs is good for development and business. Tune in to World Bank Live on October 11, 2012 10:30 a.m JST. to hear Liberia President Ellen Johnson-Sirleaf and World Bank Group President Jim Kim talk #womenbiz at this year's Annual Meetings.
I’m in Tokyo. The changing colours of the autumn leaves, which would normally preoccupy the nation and its visitors, have been replaced – well, in Tokyo anyway – by fluttering street banners announcing the fact that the city is hosting the 2012 IMF/World Bank Group Annual Meetings. There’s a throng of people – 20,000 is the number bandied about – representing government and private sector delegations from around the world, and they are all here to discuss the status of international economic and financial developments for inclusive growth.
As Director, Women’s Markets, Westpac Group and because of our leadership as a corporation and a country in promoting women’s access to finance, I’ve been invited by the IFC, a member of the World Bank Group, to attend a number of events focused on women in the private sector.
In many developing economies, between 30 and 40 percent of the entrepreneurs running small or medium sized businesses are women.
Cultural and legislative barriers, such as preventing married women from opening bank accounts, or restrictions on women’s work, are becoming less overt in many places. However, women entrepreneurs – be it in first, third or the developing world nations - often find it difficult to raise capital to grow their businesses and for all sorts of reasons.
Yesterday’s post discussed two of the case studies from last week’s Asia Development Dialogue on active citizenship. Today’s installment covers my more general thoughts on the discussion, based on some final reflections I was asked to give at the end of the day.
First, I felt pretty privileged to be able to eavesdrop on a conversation between activists, political leaders and academics from 10 Asian countries: a women’s rights organizer from Myanmar seeking advice from a women’s leader from muslim Southern Thailand on dealing with ethnic conflict; a woman mayor from the Philippines asking a Cambodian leader if she had considered expanding her work on nurturing grassroots women’s political leadership to other countries. Fascinating.
Bouncing along a dusty road in Ghana, I had an eye-opening conversation with a colleague who was supervising a survey we were doing. It turns out he had been offered a more prestigious job, with a significantly higher salary, elsewhere in Ghana. But he was turning it down.