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How Can Innovative Financing Solutions Help Build Resilience to Natural Disasters?

Francis Ghesquiere's picture
Resilience Dialogue 2014


By Francis Ghesquiere and Olivier Mahul

This week, the Resilience Dialogue, bringing together representatives from developing countries, donor agencies and multilateral development banks, will focus on financing to build resilience to natural disasters. 

There is growing recognition that resilience is critical to preserving hard won development gains. The share of development assistance supporting resilience has grown dramatically in recent years. New instruments have emerged in particular to help client countries deal with the economic shock of natural disasters. In this context, an important question is which financial instruments best serve the needs of vulnerable countries? Only by customizing instruments and tools to the unique circumstances of our clients, will we maximize development return on investments. Clearly, low-income countries with limited capacity may not be able to use financial instruments the same way middle-income countries can. Small island developing states subject to financial shocks where loss can exceed their annual GDP face vastly different challenges than large middle-income countries trying to smooth public expenditures over time or safeguard low-income populations against disasters.  

Jobs for Youth: A Winning Strategy to End Global Poverty

Arup Banerji's picture
Also available in: العربية | Español | Français


Over the past year, much attention in the development community has been focused on reaching two global milestones by 2030: ending extreme poverty and promoting shared prosperity. The World Bank Group and the International Youth Foundation, together with many of our public, private, and philanthropic partners, have recognized that to reach such ambitious goals, the world must achieve broad-based and inclusive economic growth that is focused directly on youth and jobs. Here's why we think pursuing this strategy is such an urgent priority.

The Fight Against Ebola Is a Fight Against Inequality

Jim Yong Kim's picture
Also available in: العربية | Español | Français | 中文
A woman walks by an Ebola awareness sign in Freetown, Liberia. © Tanya Bindra/UNICEF
A woman walks by an Ebola awareness sign in Freetown, Liberia. ​© Tanya Bindra/UNICEF


As the spread of the Ebola virus in West Africa shows, the importance of reducing inequality could not be more clear. The battle against the virus is a fight on many fronts — human lives and health foremost among them.

But the fight against Ebola is also a fight against inequality. The knowledge and infrastructure to treat the sick and contain the virus exists in high- and middle-income counties. However, over many years, we have failed to make these things accessible to low-income people in Guinea, Liberia, and Sierra Leone. So now thousands of people in these countries are dying because, in the lottery of birth, they were born in the wrong place.

If we do not stop Ebola now, the infection will continue to spread to other countries and even continents, as we have seen with the first Ebola case in the United States this past week. This pandemic shows the deadly cost of unequal access to basic services and the consequences of our failure to fix this problem.
The virus is spreading out of control in Guinea, Liberia, and Sierra Leone. As a consequence, our ability to boost shared prosperity in West Africa — and potentially the entire continent — may be quickly disappearing.

Trafficking wildlife and transmitting disease: Bold threats in an era of Ebola

Timothy Bouley's picture
Also available in: Français

The illegal wildlife trade opens up countless opportunities to spread different diseases.


​The Ebola epidemic in Guinea, Liberia and Sierra Leone continues to spread despite country and international efforts to stop it in its tracks and make sure it never returns.  As of October 1, 3,338 people have died and 7,178 are infected. More people have perished in this latest Ebola outbreak than in all previous outbreaks of the virus on the continent combined. In addition to the large number of people who have died, and the steady march of new infections, the three hardest-hit countries are also suffering heavy economic costs from trade and travel restrictions, food being in short supply, and other impacts.  While health workers, international health agencies and charities work furiously to contain the outbreak, we must also think ahead so that we might avoid similar epidemics in the future. What might the first step be? Better understanding the animal origins of Ebola and other infectious diseases so that we can prevent an epidemic like this from ever happening again.

Ebola is a zoonotic disease, meaning that it is transmitted from animals to humans. In past outbreaks, this has occurred during the handling of wildlife – bats, gorillas, chimpanzees, monkeys, even porcupines. The running hypothesis for this outbreak is that it came from bats, though an early focus of consideration was on primates trafficked through capital cities. Regardless of the precise path of transmission, it is clear that we must examine human relationships with wildlife to ensure we protect against this and other future disease risks.

Let’s not Reinvent the Flat Tire: Thoughts on Poverty, Adaptation and Scaling-up

Aleem Walji's picture
I’ve been thinking about scale a lot lately and I’m increasingly skeptical that it is the right way to get greater development impact. Let me explain. On the one hand, how can you not ‘think big’ when there are still nearly 2.4 billion people living on less than $2 per day? But is a cookie-cutter solution to eliminating poverty feasible given the complex factors that cause poverty and the vested political interests that sustain it?

TEDxWBG: Ending Poverty

Maya Brahmam's picture
Also available in: Français | Español

On Oct. 9, the first TEDxWBG will take place in Washington, D.C. A special group of thinkers, artists, and doers will come together and look at the theme of ending poverty from multiple perspectives.

It is heartening that, as we approach 2015 and the end of the Millennium Development Goals, there seems to be strong political will for continued progress, along with interesting data that suggest ending poverty may be possible in our lifetime. While the statistics show a dramatic drop in poverty over the last 30 years, serious challenges remain.

Learning from Megadisasters

Abha Joshi-Ghani's picture
We recently launched our new World Bank Group publication “Learning from Megadisasters” which captures the lessons from the Great East Japan Earthquake (GEJE). We were reminded of the destruction caused by the earthquake, which measured a staggering 9.0 on the Richter scale, and the ensuing Tsunami.  It is hard to forget the images of toppling sea walls and how entire towns and villages were submerged or washed away.  Images of devastation, that left some 20,000 people dead or missing.

2014 Annual Meetings Guide to Webcast Events

Donna Barne's picture

How can economic growth benefit more people? What will it take to double the share of renewables in the global energy mix? Will the world have enough food for everyone by 2050? You can hear what experts have to say on these topics and others, ask questions, and weigh in at more than 20 webcast events from Oct. 7 to 11. That's when thousands of development leaders gather in Washington for the World Bank-International Monetary Fund Annual Meetings. Several events will be live-blogged or live-tweeted in multiple languages. You can also follow the conversation on Twitter with #wblive and other hashtags connected to events. We’ve compiled a sampling of events and hashtags below.  Check out the full schedule or download the Annual Meetings app for Apple devices and Android smartphones.

Beyond the allure of the Serengeti: What can nature-based tourism do for development?

Paula Caballero's picture
Ruaha is home to 10 percent of the world’s shrinking lion population

Think Tanzania and you may imagine yourself in the plains of the Serengeti or the peaks of Mount Kilimanjaro. This week I was in Ruaha National Park, the second largest national park in all of Africa, but merely a blip on the tourist map. It is not just geographically large but ecologically rich and mega diverse – it has more than 1,400 species of plants and is home to abundant iconic wildlife species. Compare the tourism traffic:  while Serengeti has 300,000 visitors annually, Ruaha has only 20,000 per year. Despite its share of nature’s bounty, Ruaha symbolizes a missed opportunity to be an engine of growth for Tanzania. By building an effective sustainable tourism policy, this reality could change fairly quickly.
 

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