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Investing in pre-crisis financial risk management eases post-disaster recovery needs

Gloria M. Grandolini's picture
Also available in: Français | العربية | Español
Young girl in an evacuation center, 2009. Philippines. Photo: Jerome Ascano / World Bank

Since natural disasters can strike anywhere and anytime, making far-sighted preparations is much more effective than scrambling to respond to a crisis. I recognized this after Hurricane Mitch ravaged Honduras and my grandmother had to be evacuated because the local river swelled to the second floor of her home.
As climate change intensifies extreme weather events across much of the planet, countries are seeking the World Bank Group’s support to improve both their physical and financial resilience to disasters.
We are increasingly working with governments to devise sound financial planning and risk management before a disaster strikes, not just to assemble financing to help countries recover in its wake.

Market-based instruments – such as insurance -- can act as shock absorbers in case of natural disaster, helping countries avoid the worst of a crisis’ financial impact.

Youth and peacebuilding one act at a time

Bassam Sebti's picture
Also available in: العربية | Français | Español

Aristotle once said “Good habits formed at youth make all the difference,” and what a difference a group of young Lebanese men and women are making to advocate for peace to make a difference!

Their ages range between 16 to 25 years old. They are poor and unemployed. They once fought each other, literally, in their sectarian-divided Lebanese city of Tripoli. Sunni residents of Bab al-Tabbaneh and Alawite residents of Jabal Mohsen neighborhoods fought each other repeatedly.

But at the beginning of 2015, the government imposed a ceasefire that put an end to the endless rounds of fierce clashes and restored calm in the city.

And that’s when a Lebanese non-profit organization promoting peace through art went there looking for a different kind of recruitment: one of peace. March brought the youth together to perform in a play!

In Jordan, cultural taboos are challenged as girls soccer thrives

Natasha Tynes's picture
Also available in: العربية
© Jordan Women's Football
© Jordan Women's Football

“Come get your daughter. She’s playing soccer with the boys,” said the neighbor to my mother one hot summer day in the early ’90s. I will always remember the look on our neighbor’s face. She opened her bedroom window on the second floor and looked below at the children playing soccer in the dirt field across from the apartment building where she lived in Amman, Jordan. She was a middle-aged woman, with short brown hair and a pointy nose. She lived in the same neighborhood where I played soccer with my cousins. I don’t remember her name but I’m going to call her “The Neighbor”. The Neighbor saw me from her window. We exchanged looks. Hers was of disapproval, mine was of fear. Fear of being caught.

Progress creates opportunities to address exclusion: Observations from the 4th LGBTI Human Rights Conference

Nicholas Menzies's picture
Also available in: Español
Foto: Andrés Scagliola, Intendencia de Montevideo
Photo: Andrés Scagliola, City of Montevideo

While many of the struggles that LGBTI people face are all too familiar – violence, stigma, discrimination – we’ve just returned from the fourth Global LGBTI Human Rights Conference in Uruguay full of stories of positive change.  We’re invigorated about the increasing potential for the Bank to be a valuable partner to our clients and LGBTI citizens around the world.

Modernizing weather forecasts and disaster planning to save lives

Lisa Finneran's picture
Also available in: 日本語 | Español | Français

© Angela Gentile/World Bank

Is it hot outside? Should I bring an umbrella?
Most of us don’t think much beyond these questions when we check the weather report on a typical day. But weather information plays a much more critical role than providing intel on whether to take an umbrella or use sunscreen. It can help manage the effects of climate change, prevent economic losses and save lives when extreme weather hits. 

Poverty and exclusion among Indigenous Peoples: The global evidence

Gillette Hall's picture
Also available in: Español | Français
Flower Hmong women, Bac Ha market, Vietnam. Photo: Tran Thi Hoa/World Bank
There are about 370 million Indigenous people in the world today, according to estimates. Present in over 90 countries, indigenous communities represent about 5% of the world’s population but make up 15% of the world’s extreme poor, and 1/3 of the rural poor. They live, own and occupy approximately one quarter of the world’s lands and waters which represents 80% of the world’s biodiversity. But research shows they are just as much urban as they are rural. According to a recently published report Indigenous Latin America in the Twenty-First Century, nearly half of Latin America’s indigenous population now live in urban areas. Wherever they live, Indigenous Peoples face distinct pressures, including being among the poorest and most marginalized in their societies.
Where are these 370 million people, who are they, and why they are so overrepresented among the poor?
Only about 8% of the Indigenous Peoples around the world reside in Latin America, a far smaller number than most people surmise. On the other hand, over 75% live in China, South Asia and Southeast Asia, according to World Bank’s first global study of poverty among Indigenous Peoples across the developing world, Indigenous Peoples, Poverty, and Development

One year on, the SDGs provide reason for hope

Paula Caballero's picture
Also available in: Español | Français | العربية
Photo credit: UN Photo/Cia Pak

With the adoption of a universal development agenda and growing commitments to fight climate change from all corners, 2015 will be remembered as a high water mark for international cooperation. Almost a year later, when the news is dominated by violence and nationalism, it’s tempting to give in to pessimism about global trends. But I find reason to hope when I see the implementation of the Sustainable Development Goals (SDGs) gaining traction.

The SDGs were the result of the most collaborative and inclusive process in UN history and signal a very real shift in the way people think about tackling development challenges to deliver a viable future for both the planet and its people. There is growing understanding that the two are indelibly linked.

4 actions for Mexico to fast-track progress toward financial inclusion

Gloria M. Grandolini's picture
Also available in: Español
A girl with a bankcard in Mexico. Photo: Alberto Canche/ World Bank

Last month, I traveled to Mexico to attend the launch of the country’s national financial inclusion policy.

The launch was an important milestone for the country, since just 44% of adults have access to a financial account, according to Mexico’s latest national survey on financial inclusion. The policy outlines a vision of how to extend access to formal financial services to the unbanked half of the population, and provides a roadmap for how to get there.

Worldwide, there are 2 billion unbanked adults and the international development community considers financial inclusion necessary to reducing poverty and boosting shared prosperity.

Mexico accounts for 2.6% of that global number.  The country is also among the 25 countries the World Bank Group and partners have prioritized in the Universal Financial Access by 2020 initiative. The goal of this initiative is to enable access to a transaction account to store money, and send and receive payments by adults who are not a part of the formal financial system.

How satellites and social media help us anticipate the needs of conflict-affected countries

Ede Ijjasz-Vasquez's picture
The World Bank Group plays a major role in recovery and reconstruction efforts in conflict-affected countries. Therefore, it is important for us, in collaboration with international partners, to engage in assessing the needs and planning for recovery and reconstruction as much ahead of time as possible. In recent times, we have been conducting broad-brush damage assessments in active conflict situations using innovative remote-based techniques like satellite imagery or social media analytics to provide not only damage numbers and trends but also qualitative information on the status of various services. These new approaches have helped us maintain situational awareness of and be ready for recovery when the situation allows.

During the initial stages of recovery efforts, supporting local-level recovery initiatives can serve as a springboard for large-scale reconstruction programs, which remains our biggest comparative advantage. Therefore, there is a need to expand these assessments to include other elements of recovery, which would inform preparation of multi-sectoral local level recovery interventions in the short-term, and major reconstruction programs in the medium- to long-term.

From a rubber boat in the sea to swimming in Rio: A story of resilience

Bassam Sebti's picture
Also available in: العربية | Español | Français

On a chilly October day in 2015, 24-year-old Rami Anis boarded a rubber boat in the Aegean Sea in Turkey. His destination was Europe and his goal was a better life away from war and hardship.

Looking at the people around him on the boat, he was horrified. They were children, men, and women. The fact that they might not make it never escaped his mind, even though he is a professional swimmer.

“Because with the sea, you can’t joke,” said the Syrian refugee.

But on Aug. 11, Rami will not be worried about swimming in the sea. He, instead, will be swimming at the Olympics. He made it safely to Belgium after days of heart-wrenching journey, from Istanbul to Izmir to Greece before setting off a trek through Macedonia, Serbia, Croatia, Hungary, Austria, Germany and eventually Belgium.

Rami will be competing at the 2016 Olympic Games in Rio de Janeiro as a member of the Refugee Olympic Team — the first of its kind — and march with the Olympic flag immediately before host nation Brazil at the opening ceremony.