At the United Nations General Assembly this week, the UN and the World Bank, together with the International Committee of the Red Cross (ICRC) launched the Famine Action Mechanism (FAM), the first global partnership dedicated to preventing famine. With support from the world’s leading tech companies, the FAM aims to use data and state-of-the-art technology to pair decision-makers with better, earlier famine warnings and pre-arranged financing.
His words ring true today, as we face global crises – natural disasters, pandemics, violent conflicts, financial crises, and more – that hit rich and poor countries alike, and have lasting consequences especially for the world’s most vulnerable people. They can take the lives of millions of people and cost the world trillions of dollars in damages and lost potential.
It is several days after the earthquake in Nepal. A small group of Nepali women sit on the side of the road in a village in Dhading district, 26 kilometres from Kathmandu. In this village, many people lost their homes and several died in the earthquake.
The women are listening attentively to a radio programme, Milijuli Nepali meaning ‘Together Nepal’. After it finishes, one of the women starts asking the others questions: What did they think to the programme? Did they learn anything? What else would they like to hear to help them cope in the aftermath of the earthquake? The women start discussing some of the issues raised around shelter and hygiene, they like the creative ideas suggestions, particularly as they comes from a source they like and trust - the BBC. They give the researcher their ideas for future programmes and she writes them down.
Social protection programs are essential to creating resilient communities that can withstand crises, but they are also difficult to implement. Improving preparedness is an important task going forward.
Over at the IDS blog, Stephen Devereux outlined ten steps to the design and implementation of a national social protection (SP) programme. It's a useful list for SP practitioners and local policymakers – a ten-point check-list; an useful starting point. I found interesting in particular, the point on ‘needs assessments’:
Needs assessment: A social protection system should not be an off-the-shelf blueprint, but must be grounded in local analysis of social protection needs, which can be derived from national poverty surveys and other secondary sources. Who are the poor and food insecure? What are the drivers of poverty and vulnerability? By comparing the needs assessment with the policy mapping, a gaps analysis can be conducted that will inform the development of the social protection strategy.
Determining who the deserving beneficiaries are, and the value (in cash and/or kind) of the transfers is critical. At the very least, this calls for a reasonably sophisticated statistical capacity in the countries designing these policies for themselves, which poses a significant challenge.
This post was originally posted on February 26, 2014
YouTube, Wikipedia, Facebook, LinkedIn, Instagram, Twitter, blogs… This list could easily go on and on for paragraphs. Today, we are so immersed in social media that we can hardly go a day without reading or watching user-generated online content. Videos like “Charlie Bit My Finger” make us laugh. Free lessons on Khan Academy, which were originally started by a hedge fund analyst at home, help us learn.
But user-generated online content is not all about entertainment and free classes. Crisis maps on crowd-sourcing platforms like OpenStreetMap and Ushahidi have demonstrated a less expected yet significant capacity of user-led content creation online: it saves lives in disasters.
One of my favorite books about the World Bank is Michael Holman’s Last Orders at Harrods. It’s a satirical novel about trouble brewing in a fictional Kenya during the visit of the World Bank President Hardwick Hardwicke (and his sidekick speechwriter, Jim “Fingers” Adams). What’s great about Holman’s book is that the author, a former Africa editor at the Financial Times, shows in a humorous manner how the Bank interacts with clients and how the view from Washington can sometimes be oblivious to what’s really going on in the country.
I’ve tried to follow in Holman’s footsteps with The Golden Hour, my new thriller about a State Department crisis manager fighting chaos in West Africa and bureaucracy in Washington DC. The hero Judd Ryker has just 100 hours to reverse a coup in Mali, rescue a kidnapped Peace Corps volunteer, and save the U.S. embassy from a terrorist attack. In the novel, shifting forces in Bamako and competing interests at headquarters conspire to shield the truth and complicate resolution. Ryker’s first task is simply to figure out what’s really going on.
I discussed our most recent Russia growth outlook at a roundtable at the Higher School of Economics Conference on Apr. 2 with a number of Russian and international experts. This conference is one of the most important and prestigious economic conferences in Russia, and traditionally, the World Bank co-sponsors it as part of its outreach to other stakeholders.
The room was packed...
Spring in DC draws more than just tourists. Last week, government officials, policy makers, civil society representatives and other thought leaders converged to take stock of the global economy during the IMF-World Bank spring meetings. The tone in the hallways was optimistic, but cautious. Growth in advanced economies still remains tepid, weighed down by lingering effects of the global financial crisis, demographic challenges, as well as weakening innovation and productivity growth. At the same time, there are encouraging signs that developing countries are in good shape, thanks to fiscal buffers that helped them to weather the storm.
Nevertheless, we must be mindful of the work ahead: the IMF warned of a ‘3-speed recovery’, where emerging markets are growing rapidly, the United States is recovering faster than most other advanced industrial countries, but Europe continues to struggle. Where does this leave developing countries? At a meeting with the G24 – a group of developing countries - I had the privilege of discussing the prospects for growth, and policies needed to achieve productivity growth essential for eliminating extreme poverty and for creating shared prosperity.
The world is increasingly interconnected, and nowhere is a better example of that than the border between Mexico and the US. Lined with factories, the division between the two countries is blurred by a comprehensive trade agreement, international production chains, and other economic and social ties. On the Mexican side of the border, close to 3,000 factories import components and raw materials, workers assemble goods, and most of the finished products are destined for the US.
Is this good for Mexican workers? These export-oriented industries provide nearly two million jobs, a boon for development. But it turns out that these jobs can disappear quickly: the economic health of the US has a large impact on Mexican workers’ employment status, with downturns and booms amplified through a number of channels. Although the US economy is rarely volatile, this is an important finding that could have policy implications around the world. Mexico is similar to the increasing number of countries that have encouraged export-oriented industry as a strategy for development and enacted trade reforms integrating the local economy with the world market.
In stark contrast with Latin America’s rich history of financial crises and turbulence, this time around the region’s financial systems have weathered the current global volatility and the Great Recession rather well.
Why should then one want to conduct an extensive study on financial issues in Latin America and the Caribbean? We think the study, Financial Development in Latin America & the Caribbean, the Road Ahead, is timely because the region still faces substantial developmental gaps and issues that require attention.