Debunking common misconceptions about women in agribusiness can unlock business opportunities for the private sector
At the recent World Economic Forum meeting in Davos, global leaders from across the world came together to deliberate on some of the most pressing issues of our time, such as agriculture and food security and greater social inclusion. With the global population projected to rise more than 9 billion by 2050 and the demand for food expected to jump sharply, the need for addressing the challenges of food security assumes greater urgency than before. There is also a growing need to adopt stronger measures to reduce the gender gap—women shouldn’t have to wait 170 years to bridge the divide.
Ahead of the Davos meeting, IFC released a report on agribusiness, Investing in Women along Agribusiness Value Chains, highlighting how companies can increase productivity and efficiency in the agriculture sector by closing economic and social gaps between women and men throughout the value chain, from farm to retail and beyond. The solution to address two of the most pressing challenges—food security and gender parity—isn’t difficult to find, as my research for the report suggests.
Women comprise over 40 percent of the agricultural labor force worldwide and play a major role in agriculture; yet they face a variety of constraints, such as limited access to agricultural inputs, technologies, finance, and networks. As the report shows, an increasing number of companies now recognize that investing in women can help increase companies’ bottom lines—while helping improve the lives of people in rural areas.
Yet, despite the clear business rationale, one wonders why more companies aren’t replicating the efforts of successful companies. The answer probably lies in the prevailing misconceptions about women in agribusiness—despite promising business case testimonials for gender-smart investments from multinational companies such as Mondelēz International and Primark.
Agribusiness companies need support in identifying where and how they can close gender gaps in their value chain. A good start would be to debunk those common misconceptions about women in the sector:
Debunking common misconceptions about women in agribusiness can unlock business opportunities for the private sector
By the early 2000s, Peru faced serious environmental problems. Air pollution in urban areas was so severe that it caused thousands of premature deaths every year. In fact, air quality in Lima was worse than in other large Latin American cities, such as Mexico City or Sao Paulo. Other environmental challenges that damaged people’s health included air pollution inside homes caused by the use of wood for cooking; insufficient access to clean water, sanitation, and hygiene; and exposure to lead, a highly toxic chemical. Together, these environmental problems caused 12 million cases of illnesses annually, dramatically affecting young children, the elderly, and poor people who couldn’t afford medical care. The World Bank estimated that these negative impacts had an economic cost equivalent to 2.8% of Peru’s Gross Domestic Product (GDP) in 2003.
One of the main reasons the Peruvian government wasn’t able to respond promptly to these serious environmental problems was the country didn’t have governmental organizations with a clear responsibility for environmental protection. Another important reason was the absence of a system of reliable environmental information to support the government’s decision-making process. For example, there was little awareness about the seriousness of air pollution, largely because most cities didn’t have a functional air quality monitoring network. Even in the few cities that did, the information was not widely disseminated. In the absence of such information, it was difficult to identify which environmental problems were most severe, and to develop actions and assign resources to solve them. In addition, lack of information limited the opportunities for the public—including the poor families and other vulnerable groups that suffered the most from pollution —to discuss their environmental concerns and agree on solutions with government officials.
The business case for greater diversity and inclusion of Lesbian, Gay, Bisexual, Transgender and Intersex (LGBTI) staff is now well documented, and the corporate world is making solid progress towards LGBTI equality at the workplace. The message is also slowly but surely sinking into international organizations such as the World Bank Group, for which diversity is also synonymous with greater productivity, collaboration, innovation and creativity. In particular, LGBTI-supportive policies are linked to less discrimination against LGBTI employees and more open corporate cultures. Less discrimination and more openness (or less concealment), in turn, are also linked to greater job commitment, improved workplace relationships, improved health outcomes (concealment of sexual orientation is associated with increased psychological distress) and increased productivity among LGBTI employees.
4 unprecedented disruptions to the global financial system
Climate change, migration, correspondent banking and cybercrime are putting unprecedented and unforeseen pressures on global financial markets.
They aren’t just disrupting the global financial system, but also affect how we approach international development work.
Let’s examine each trend:
- “Greening the financial sector” is the new buzz term to finance a transition toward a climate-resilient economy and to help combat climate change. This topic is now getting a lot of attention from the G20 to the Financial Stability Board. The international community is trying to understand what this transition will imply: , and how efficiently the financial sector can allocate financial resources. What we know is that currently fossil fuel subsidies and a lack of carbon tax are hindering the market from shifting financial resources from brown to green.
- Globally, an estimated 65 million people are forcibly displaced. Migration, resettlement or displacement, of course, impact where and how to channel aid to those in need. But more importantly, as displaced people settle down -- no matter how temporary or long-term -- to become self-sufficient and thrive, they will need to establish new financial relations. This can be for simple transactions such as receiving aid through payment cards (as opposed to cash) or for sending remittances. Or it can be for something more complex as getting a loan to start a business.
- At the same time, as the global banking industry is tightening regulations, large banks are withdrawing from correspondent banking and shutting down commercially unsustainable business lines. This recent phenomenon can have a huge impact in some regions on SMEs and on money transfer operators, which largely handle remittances.
- . The focus on cybersecurity risk has increased along with the proliferation of internet and information technology. Fintech is transforming the financial industry -- by extending access to financial services to people and small- and medium-sized enterprises (SMEs) previously left out of the formal financial system – but is also raising many questions, including concerns about cybersecurity. The same technology advancements that are propelling fintech are also addressing cybersecurity risk. However, there is a need to develop an appropriate regulatory framework in combination with industry best practices. This framework is evolving and regulators are grappling with how and when to regulate.
Volcanic eruptions capture the imagination with their awe-inspiring power, but why don’t they capture the attention of decision makers and development professionals working to build resilient communities? People visit Pompeii in the shadow of Mt. Vesuvius, and see the once thriving community destroyed within minutes from a major past eruption, but it does not resonate with their day-to-day lives. We see spectacular footage of erupting volcanoes in the media, but we rarely think about what it means for communities who live within the reach of the multiple volcanic hazards that can occur during eruptions.
This wasn’t always the case. For 11 years from 1980, volcanic eruptions were at the forefront of the minds of those working in disaster risk management. At the opening of the decade, Mt. St. Helens violently erupted, claiming the lives of 57 and causing over USD1 billion in damage in the USA. Two years later, El Chichon erupted in Mexico killing at least 2,000. In 1985, a very minor eruption of Nevada del Ruiz volcano triggered a massive deadly mudflow (lahar) that killed 23,000 people in the town of Armero, Colombia. A year later, 1,700 people were killed in their sleep by volcanic gases from Lake Nyos volcano in Cameroon.
Another year has passed, and as we do each year-end, here’s a rundown of what content resonated most with you on World Bank social media in 2016.
Four World Bank Facebook posts you cared about most
Some of our most popular and engaging content on Facebook in 2016 was, not surprisingly, multimedia. Check out these posts that made the biggest impact with you in the last year.
On October 17 – now recognized as End Poverty Day – Bangladeshi singer Habib Wahid unveiled a new song singing the praises of his country’s rapid progress in reducing poverty and building a prosperous society. Check out the video, and remember why you poured out your approval with more than 161,000 views, 65,000 reactions, and 4,600 shares!
ASHGABAT, TURKMENISTAN – There are 1.25 million lives lost in road accidents annually—90% of these in low -income countries. Air pollution leads to around 6.5 million deaths each year. And almost 25% of energy-related greenhouse gas emissions come from transport systems. To ensure a sustainable future for this planet, the transport sector must undergo a massive transformation.
Without sustainable transport, we won’t be able to make progress on the Sustainable Development Goals (SDGs) and climate change. This was the topic of discussion at the first-ever United Nations Conference on Sustainable Transport in Ashgabat, Turkmenistan, which took place November 26-27, 2016. The event brought together all transport stakeholders—public and private—to discuss how to move from global commitments on transport to concrete action.
Between the social, political, and economic upheavals affecting our lives, and the violence and forced displacement making headlines, you’d be forgiven for feeling gloomy about 2016. A look at the data reveals some of the challenges we face but also the progress we’ve made toward a more peaceful, prosperous, and sustainable future. Here are 12 charts that help tell the stories of the year.
1.The number of refugees in the world increased.
Forcibly Displaced" offers a new perspective on the role of development in helping refugees, internally displaced persons and host communities, working together with humanitarian partners. Among the initiatives is new financial assistance for countries such as Lebanon and Jordan that host large numbers of refugees., up from 60 million the year before. More than 21 million were classified as refugees. Outside of Sub-Saharan Africa, most refugees live in cities and towns, where they seek safety, better access to services, and job opportunities. A recent report on the "
- Sustainable Communities
- international development association
- Digital Technology
- Information and Communication Technologies
- Financial Sector
- Social Development
- Urban Development
- Global Economy
- Climate Change
- South Asia
- The World Region
- United Arab Emirates
Every place where I travel in Africa and Asia I hear stories about the dramatic loss of wildlife and the destruction of ecosystems and habitats. Most recently, while attending the third high-level Conference on Illegal Wildlife Trade in Hanoi that was attended by heads of states and delegates from 54 countries and international organizations, the World Bank’s Vietnam Country Director Ousmane Dione shared his own personal story on the disappearance of wildlife.
In Ousmane’s home country of Senegal, the lion is a national symbol, displayed on the coat of arms, the President’s exclusive seal, and is even the namesake of the national soccer team: The Lions. However, in the past 20 years, 80% of the lions in West Africa have been lost and in Senegal a mere 16 lions remain relegated to the Niokolo Koba National Park where their prey is diminishing as a result of the bush meat trade and competing resources with grazing livestock. Ousmane fears his children will never see a lion in their native country.
We are all too aware that difficult times lie ahead for coastal communities.
Coastal erosion, especially in West Africa, has already displaced communities, with economic losses costing about 2.3% of GDP in Togo alone. In the past 60 years, sea temperatures in the Western Indian Ocean increased 0.6 C, triggering mass coral bleaching and deadly climate-related disasters across the region. The economic cost of the 1998 coral bleaching event to Zanzibar and Mombasa was in the tens of millions of dollars. The natural cost is still unknown.