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Poverty

Connecting pension funds with emerging market infrastructure

Joaquim Levy's picture

It might sound improbable to hear a CFO say this, but I consider one of my roles since joining the World Bank Group to be that of matchmaker. Let me explain.

As I have noted in other blogs over recent months, the world’s emerging market and developing economies—EMDEs for short—face an enormous gap in infrastructure investment. Certainly it is not the only big financing challenge that countries face as they work to reduce poverty and extend prosperity to more of their citizens. But infrastructure underpins many aspects of economic growth, getting people to jobs and schools, connecting goods to markets, reducing the isolation of the poorest areas in many countries.  And by some estimates, the sector’s funding gap is as high as a trillion dollars. 

KIAT Guru: Engaging communities to improve education in Indonesia

Ede Ijjasz-Vasquez's picture
Indonesia successfully reduced its poverty rate over the last two decades. Yet, this growth was accompanied by one of the fastest increases in inequality in East Asia and the Pacific.  While the poverty rate in urban areas has fallen to 8.2%, in remote and rural areas it remains around 14%.

This inequality is exacerbated by the persistent poor quality of public services, such as education, in rural and remote areas. While various government initiatives have improved access to education, quality and equity remain major challenges for those in rural and remote areas.
 
To address these issues, the World Bank has partnered with the government of Indonesia to launch a pilot project called “KIAT Guru,” which aims to improve teacher presence, teacher service quality, and student learning outcomes, while enhancing community engagement and participation in remote areas.

“We [have] two different mechanisms. One of them is community empowerment… The community develops a service agreement with schools so they can agree upon the five to seven indicators that they think are a priority,” says Dewi Susanti, Senior Social Development Specialist, who leads the project.

In this video, Dewi Susanti and World Bank Senior Director Ede Ijjasz-Vasquez (@Ede_WBG) discuss the KIAT Guru project and the lessons learned from its early stages.  
 
KIAT Guru project

Empowering a New Generation of Female Entrepreneurs in Afghanistan

Mabruk Kabir's picture
Photo Credit: Mabruk Kabir / World Bank

Fatima brimmed with optimism. The 19-year-old recently established a poultry enterprise with the support of a micro-grant, and was thrilled at the prospect of financial independence.

“After my family moved from Pakistan, I had few options for work,” she said from her home in the Paghman district in the outskirts of Kabul. “The grant not only allowed me to start my own poultry business, but let me work from my own home.”

With over half the population under the age of 15, Afghanistan stands on the cusp of a demographic dividend. To reach their full potential, Afghanistan’s youth need to be engaged in meaningful work – enabling young people to support themselves, but also contribute to the prosperity of their families and communities.

Digital Financial Inclusion of the Rural Poor in Bangladesh

Anir Chowdhury's picture

Bangladesh Financial InclusionConsidering Bangladesh’s lack of development and a predominantly rural context, it would have been difficult to imagine even a few years ago that an elderly widow living in a remote corner of this impoverished South Asian country could be receiving money from her son living in Dubai sitting right at home or making petty payments through her mobile phone. Not any more, though.

Bangladesh has recently emerged as a curious case of digital innovation to widen coverage and reach remote pockets. The country reached the lower middle income country status in 2015, and has showcased the potential of combating rural poverty through inclusive digital financial services.

This has proved to be an effective weapon to eliminate poverty and secure the sustainable development goals (SDGs) while the country advances towards Vision 2021 — lifting millions of Bangladeshis out of poverty. Innovation and digitization will surely set Bangladesh firmly on the path to becoming a middle-income country. Although ambitious, it is exactly what both the government and private sector are working towards.

Access to the formal financial system remains a challenge for the rural poor in Bangladesh even though the central bank announced a plan for inclusive digital financial programmes in 2015.
 

What Is Behind Latin America’s Big Efficiency Gap?

Jorge Thompson Araujo's picture
Blog originally published in The World Post

To understand this, we first need to “unpack” the causes of low efficiency.

 
Countries in Latin America and the Caribbean (LAC) could have been twice as rich, had they enjoyed the same level of efficiency in capital and labor use as the United States of America.

The long road to gender equality in Nepal

Richa Bhattarai's picture
 
The Government of Nepal is working to incorporate gender equality in all its development policies and programs. Credit: Bijay Gajmer/World Bank


Today marks International Women’s Day throughout the world. Here in Nepal, it is a joyful tribute to the fact that the country boasts three women holding key leadership positions in the country – Bidhya Devi Bhandari as President, Sushila Karki as Chief Justice of the Supreme Court, and Onsari Gharti Magar as Speaker of the Parliament.

All three are the first women to hold their respective posts, and the Chief Justice, especially, has been lauded as a bold and independent decision-maker.

The Constitution of Nepal 2015 has been a huge improvement from the days of yore:  Article 43 deals with the rights of women that include rights to lineage, right to safe maternity and reproduction, right against all forms of exploitation, and equal rights in family matters and property.

The Government of Nepal is also working to incorporate gender equality in all development policies and programs, including developing a gender responsive budget system.

We also have excellent examples of women making great leaps in almost all fields – science, economics, banking and finance, media, environment, education, public health, social service and development.

And in a heartening move, Chhaupadi, an inhuman practice that imposes upon women to stay outside their homes in unhygienic cow sheds during menstruation and childbirth, is set to be criminalized in the new legal code.

However, progress made in specific fields has not yet contributed to the overall improvement in girls’ and women’s lives across the country. Similarly, plans and policies do not always spur positive changes in reality.

Women’s voices should help shape Afghanistan’s future

Nandini Krishnan's picture
The National Solidarity Programme has achieved  widespread involvement of women in rural Afghanistan’s community decision through the Community Development Councils (CDCs)
The National Solidarity Programme has achieved  widespread involvement of women in rural Afghanistan’s community decision through the Community Development Councils (CDCs). Credit: Rumi Consultancy / World Bank

Women and men agree on Afghanistan’s development priorities according to the findings of the country’s most recent Living Conditions Survey of 2013/14 where more than 20,000 Afghan women and men were separately asked what they thought their government’s main development priority should be.

Both women and men picked service delivery, infrastructure development and increased security as top development priorities. Three-quarters of men and women said that the main priorities were improved access to drinking water, construction and rehabilitation of roads, and improved health facilities. About 15 to 18 percent of the respondents picked more jobs, access to agriculture and veterinary services, and improved local education facilities. Not surprisingly, in districts rated as insecure, priorities for both women and men shifted toward increased security. This emphasis on security meant that men and women in these districts gave a relatively lower priority for infrastructure services especially for road construction and electricity provision.

Does the Gates’ Letter 2017 answer Warren Buffett’s questions?

Suvojit Chattopadhyay's picture

Melinda and Bill Gates have made an annual tradition of publishing their thoughts on their work in global development, the challenges they face, and their goals for the future. These letters are a manifesto for their philanthropic work, most of which is channelled through the Bill and Melinda Gates Foundation.

The Gates structured their 2017 Annual Letter as a response to Warren Buffet’s (CEO of Berkshire Hathaway Inc.) letter to Melinda and Bill Gates, where he asked them to reflect on their work so far – on what had gone well, and what hadn’t; and to describe their goals for the future. He further said:

There are many who want to know where you’ve come from, where you’re heading and why. I also believe it’s important that people better understand why success in philanthropy is measured differently from success in business or government. Your letter might explain how the two of you measure yourselves and how you would like the final scorecard to read.

Buffet’s questions assume great significance given that in 2006, he pledged to donate 85% of his wealth to charity, and allotted a sum of about $31 billion to the Gates Foundation. These questions, from one of the most successful investor of our times, are essentially about how well his philanthropic investment in the Gates Foundation was doing. What had he helped them achieve?

In Côte d’Ivoire, every story counts: Bridging schools allow Ivorian children to make up for lost time

Taleb Ould Sid’Ahmed's picture


 

The story of a country’s economic development is often told through the lens of new roads, factories, power lines, and ports. However, it can also be told through the voices of every day heroes, individuals who have taken action to improve their lives and those around them. In this blog series, the World Bank Group, in partnership with the Ivorian newspaper Fraternité Matin and blogger Edith Brou, tells the stories of those individuals who, with a boost from a Bank project, have set economic development in motion in their communities.

Young Soulama Siaka is dressed in his khaki school uniform and is sitting quietly next to his uncle, Kone Birama, in the yard of their family home. The bare yard reflects the destitution of his family after the political crisis. “I couldn’t even afford to send my children to school,” he says. Children drop out of school nearly everywhere in Côte d’Ivoire because their families cannot afford the tuition fees.

To fight discrimination, we need to fill the LGBTI data gap

Ede Ijjasz-Vasquez's picture
Despite some progress in the past two decades, lesbian, gay, bisexual, transgender, and intersex (LGBTI) people continue to face widespread discrimination and exclusion around the world. Many of them suffer from punitive laws and policies, social stigma, and even violence. They may also be subject to lower educational attainment, higher unemployment rates, poorer health outcomes, as well as unequal access to housing, finance, and social services. As a result, LGBTI people are likely overrepresented in the bottom 40% of the population.
 
The adverse impacts on the health and economic wellbeing of LGBTI groups—as well as on economies and societies at large—tell us one thing: exclusion and discrimination based on sexual orientation and gender identity (SOGI) is a serious development issue.

We’ve already taken the first steps to address this issue, such as quantifying the loss in productivity, but there is still a long way to go. Robust, quantitative data on differential development experiences and outcomes of LGBTI people is crucial, but remains scarce especially in developing countries. Such a research and data gap poses a major constraint in designing and implementing more inclusive programs and policies.
 
The World Bank’s SOGI Task Force—consisting of representatives from various global practices and country offices, the Gender Cross-cutting Solution Area, as well as the GLOBE staff resource group—has identified the need for quantitative data on LGBTI as a priority. 
 
On Zero Discrimination Day, the World Bank’s Senior Director Ede Ijjasz-Vasquez and SOGI Advisor Clifton Cortez explain the urgent need to fill the LGBTI data gap. They’ve also discussed why inclusion matters for development, as well as what can be done to end poverty and inequality for LGBTI and other excluded groups.


 

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