Achieving sustainable development depends on incremental investments in six priority transformations: building human capacities (health, education, new job skills); decarbonising energy; promoting sustainable agriculture and biodiversity; building smarter cities; implementing the circular economy; and harnessing the digital revolution. As such, sustainable development and the 17 Sustainable Development Goals (SDGs) in particular pose a financing challenge. There are three distinct financing conundrums to solve: financing complex infrastructure, financing public services and amenities, and shifting investments from unsustainable to sustainable technologies. I discuss these in turn.
Many of today’s increasingly complex development challenges, from rapid urban expansion to climate change, disaster resilience, and social inclusion, are intimately tied to land and the way it is used. Addressing these challenges while also ensuring individuals and communities are able to make full use of their land depends on consistent, reliable, and accessible identification of land rights.
Urban population in Africa will double within the next 25 years and reach 1 billion people by 2040, but concentration of people in cities has not been accompanied by economic density.
Typical African cities share three features that constrain urban development and create daily challenges for businesses and residents: they are crowded, disconnected, and therefore costly, according to a new report titled “Africa’s Cities: Opening Doors to the World.”
Scan the United Nations’ 17 Sustainable Development Goals (SDGs). You’ll see inclusive growth, clean water and greater equality, among other objectives. But you won’t see this: Giving people access to savings accounts, loans, insurance and other financial services.
If you want to see exemplified the contrast between the old World Bank and the new – where we came from and where we are going – you need look no further than the recent pronouncements of Prof. Lant Pritchett.
As a new member of the World Bank, and one who spent a long time before joining considering whether the values of this institution matched my own, I have followed Prof. Pritchett’s blog and attended his recent talk with interest. Apparently I am not the only one; the standing-room only presentation generated much lively discussion.