The World Bank is working toward two incredibly ambitious goals: ending extreme poverty by 2030 and ensuring shared prosperity for the bottom 40% of the population in each developing country. To achieve these goals will take not only the World Bank Group, the United Nations and all the national and multilateral development agencies, it will take all of us.
Launching on September 25, the Sustainable Development Goals (SDGs) will call for no less than an end to poverty, hunger and malnutrition by 2030. This is welcome news--and for the nearly 800 million people worldwide who will go to bed hungry-- long overdue.
To get there, it’s not just about raising yields. It’s also about managing risks to protect the most vulnerable. Along with gains in productivity, we also need more resilient agricultural systems. Failing this, unmanaged risks will upend the road to 2030. Climate change only ups the ante with promise of increasing weather extremes and new and more virulent pest and disease outbreaks.
In 1996, when Jim Wolfensohn was the president of the World Bank Group, he declared that the "cancer of corruption" must be fought very much as we fight poverty, hunger, and disease. Despite emerging research that showed that weak public institutions and distorted economic policies incubate corrupt practices, many felt that corruption wasn't an economic but a political issue. It was better left to governments, not to development experts.
At this week's UN Sustainable Development Summit, the world's oceans will be getting the attention they have long deserved -- but not always received. They are the focus of Sustainable Development Goal 14: "Conserve and sustainably use the oceans, seas, and marine resources for sustainable development."
The inclusion of oceans for the first time in the international-development agenda illustrates the ambitious and holistic view of challenges and solutions that nations are embracing. With the SDGs, nations are calling for a future in which nature is managed to drive economies, enhance well-being and sustain lives -- whether in Washington or Nairobi, on land or sea.
Fifteen years ago, nations convened at the UN and created an unprecedented set of guideposts, the Millennium Development Goals. In that timespan, the number of people living in extreme poverty was more than halved. But the oceans were not part of those goals. We now have the opportunity to focus minds globally on restoring healthy oceans for resilient economies and thriving communities.
This attention comes not a moment too soon.
- What's Working: Sustainable Development Goals
- disaster risk management
- coral reef
- food security
- marine resources
- ocean health
- sustainable development goals
- Sustainable Development
- Agriculture and Rural Development
- Climate Change
- East Asia and Pacific
- Latin America & Caribbean
- Sierra Leone
As the father of four children, I know how important access to good, quality health care is. All parents aspire to be able to provide the same for their children. That’s why we at the World Bank Group are working with our partners around the globe to make universal health coverage a reality for all.
Uniting finance and development has been a lifelong passion of mine. Earlier in my career, I supported then French President Jacques Chirac with the development of an international airline ticket solidarity tax to provide global public goods for the poor. This kind of innovative thinking eventually led to the creation of UNITAID which works to prevent, treat, and diagnose HIV/AIDS, tuberculosis, and malaria more quickly, cheaply and effectively. Other innovative financing mechanisms include the International Finance Facility for Immunization and the Global Vaccine Initiative.
By encouraging private investment in infrastructure, we can spur growth in the developing world
Later this month the United Nations is expected to finalize its Sustainable Development Goals, a global action plan designed to end poverty and support long-term growth. One of the goals states, “Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.”
In many parts of the developing world, from Asia to Latin America, a massive infrastructure shortfall may be the single most significant obstacle to human and economic development. Addressing it will underpin progress on many of the SDGs.