Buildings now dot the skyline of Bonifacio Global City in Metro Manila, which hosts, among others, the offices of the World Bank and the International Finance Corporation. Who would have thought that this former military camp could be transformed into a bustling economic center in less than ten years? And, with the rise of commercial buildings and residential condominiums following the area’s fast-paced growth, we see a growing demand for electricity that causes stress on the environment and resources.
A smiling Mosammet Sukkur Jahan, walks to her thatched home in Datiar Char (shoal) in northern Bangladesh to prepare lunch for her family. While eating, Jahan and her neighbors Sharifa, Amena, and Halima were at ease as flood water rushed around their homes located in the middle of vast Teesta River during August and September 2014. They live on a shoal, which is an elevated sandbar that keeps their homes dry.
Chars or Shoals form through siltation along riverbeds. The constant interplay of erosion and accretion creates and sustains the shoals. There are mainly three types of chars: dead, mature, and running. Dead chars are usually permanent land formations. Mature chars are the ones that have not faced any major changes for 10-15 years. Running chars face regular changes and continuous emerge and disappear. The emergence and erosion determines the intensity of vulnerability in the ‘chars’. Typically a new char land requires at least 10 years of continuous presence before it becomes habitable for people.
When we go to the supermarket, our decision-making is considerably aided by having the price, ingredients and source of goods clearly labeled. This allows us to rapidly compare the characteristics, perceived benefits, and price of different products to make what is usually an informed and instantaneous purchase decision.
When it comes to making investment choices for public programs, we do not traditionally have the same luxury of information. The full benefits and costs of those interventions, including the long-term costs to maintain and operate a service, are rarely understood or taken into account in the decision. As a result, public decisions are usually made based on the most visible costs (capital investment required from the public budget), historical choices and the political process.
Take a look back at some of the most popular stories you may have missed in 2014:
1. Raising More Fish to Meet Rising Demand
- natural capital
- food security
- Climate Change
- Agriculture and Rural Development
- The World Region
- South Asia
- Latin America & Caribbean
- East Asia and Pacific
The World Bank’s Public-Private Partnership Group and Public-Private Infrastructure Advisory Facility report that total private participation in infrastructure (PPI) fell in the transportation sector in emerging markets by 39 percent to $33.2 billion in 2013, compared with 2012 levels.
In part, this reflects a broader trend – overall, PPI in all infrastructure sectors fell by 24 percent. The biggest drop was in South Asia, which saw PPI in transport fall from just over $20 billion in 2012 to approximately $3 billion in 2013, mostly because of significant decreases in India. Two other regions – Latin America & the Caribbean (LAC) and Eastern Europe and Central Asia (ECA) – also saw decreases. PPI in transport increased in East Asia and the Pacific (EAP) and Africa, but not by enough to offset decreases elsewhere.
2013 Transport PPIs by region
This is not good news for the world’s poor. Transportation is a critical component of development and growth, enabling people to access schools, hospitals and markets. It facilitates labor mobility and ensures that raw materials and finished goods get to customers. In rural areas, transportation systems provide an economic and social connection with the rest of the country. Within cities, good urban transportation is often the only form of transportation available to the poor. It also improves the flow of goods and services, reduces greenhouse gas emissions, and improves the overall quality of life.
A notable shift at the 2014 Forum from previous ones, in addition to the mounting numbers in attendance (the event “sold out” with registration closing weeks early), was the buzz about adaptation. It permeated across panels and speakers, making clear the conversation on land-based sectors and climate change has moved well beyond mitigation. The Program on Forests (PROFOR) contributed to advancing the conversation by convening a high-level panel on “Moving forward with adaptation-based mitigation.”
Why should the world—and Africa in particular—care about resilience?
The importance of resilience as an imperative for development is nowhere as obvious as in Africa. Fragile natural resources—at the core of livelihoods and economic opportunities—are under increasing pressure from unsustainable use, population pressure, and the impacts of climate change.
It will only be possible if their resilience to shocks such as climate change is improved. Resilient landscapes—where natural resources and biodiversity thrive in interconnected ecosystems that can adapt to change and protect people from losses—are important to the work of ending poverty and boosting prosperity.