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.
Donna Barne's blog
With people around the world struggling to afford health care, countries as diverse as Myanmar, Nigeria, Peru, Senegal, Kenya, South Africa, and the Philippines are warming to the idea of universal health coverage. This growing momentum was the subject of a high-profile Spring Meetings event examining the case for universal health coverage and the steps to get there.
Some 70 governments have asked the United Nations for help to achieve universal health coverage, said Secretary-General Ban Ki-moon. He spoke at Toward Universal Health Coverage by 2030, co-sponsored by the World Bank and World Health Organization and moderated by the WHO Director-General Margaret Chan.
“We can celebrate the fact that virtually all mothers in Sweden survive childbirth,” Ban said. “But in South Sudan, one in seven pregnant women will not live to see their babies. Addressing this inequality is a matter of health and human rights … To secure health, we have to take preventive action. The concept of universal health coverage could be an important catalyst.”
Ban was part of a panel including World Bank Group President Jim Yong Kim; Harvard University President Emeritus Lawrence H. Summers; Nigeria Minister of Finance Ngozi Okonjo-Iweala; and former New York City Mayor Michael Bloomberg, now the U.N. Special Envoy for Cities and Climate.
The world needs to step up efforts to educate large numbers of young people to meet the challenges of the 21st century. That was a key message at the Learning for All Symposium, Investing in a Brighter Future, at the IMF-World Bank Spring Meetings.
The event, moderated by PBS News Anchor Judy Woodruff and webcast in three languages, linked what several participants described as an ongoing “learning crisis” with high unemployment among young people worldwide.
While a lot of progress has been made getting children into school, 57 million are still out of school. Studies have found that education gaps are impeding skills development, economic growth, and competitiveness around the world. In 2011 it was estimated that 73 million young people were unemployed globally. Youth employment rates are two to four times as high as those of adults in most countries.
In a wide-ranging conversation, World Bank Group President Jim Yong Kim and Al Jazeera’s Ali Velshi kept returning to a topic that has been rising in importance as it worsens in the world – inequality.
Velshi, the host of a nightly business news program on Al Jazeera America, asked is the middle class growing worldwide? Is it healthy? Does solving inequality require redistribution of wealth? How can the World Bank Group make headway on ending extreme poverty and promoting shared prosperity when there are so many obstacles?
- Spring Meetings 2014
Wednesday, April 9
Four years ago the World Bank Group opened its data to the public hoping innovators would find new ways to use the data. At the same time, a growing number of governments were also opening up their data – to be more accountable, and to spur economic activity around the data. Today, the open data entrepreneur has emerged. About 500 companies that use open data in their business have sprung up in the United States alone, and similar businesses are cropping up all over the world, even in countries with limited data — let alone open data.
So far, this open data-fueled sector is still small, but it promises to take the delivery of useful information to a new level as it grows. In the United States, businesses are using utilities data to promote energy efficiency, education data to help find the best schools, and health data to allow people to check symptoms and make doctor appointments, to name a few examples. A 2013 study by McKinsey & Co. estimates open data could help generate more than $3 trillion a year in additional value for the global economy.
But can open data entrepreneurs help tackle global challenges and make a difference in developing countries, including in the poorest and most fragile countries? A recent World Bank event explored that question, bringing in one of the private sector pioneers in the use of open data, The Climate Corporation, along with Metabiota, a for-profit firm tracking emerging diseases in developing countries, and Joel Gurin, author of Open Data Now and the lead on a New York University-based project, Open Data 500.
- open data
If you Google the latest headlines, you will see plenty about the high price of food. Globally, however, average prices for major food commodities actually are 11% lower than a year ago, according to the latest edition of the World Bank’s quarterly Food Price Watch. Does this mean the world is out of the danger zone on high food prices? Economist José Cuesta sheds light on the issue.
Food prices have been falling globally since August 2012. Have we turned the corner on the food crisis?
It’s true we’ve seen prices declining in a sustained way, but we’re still only 18% away from that historic peak in 2012. The reasons prices increased in the first place – such as growing demand for food and weather concerns – are still issues, and probably will be in the future.I don’t think that we have turned any corner. Prices seem to be less volatile, and that’s good news. But that doesn’t mean the level of prices hasn’t continued to be high; they are still high.
If you’re thirsty for knowledge about important global development topics like climate change, you’re not alone. More than 19,000 people signed up for the World Bank’s free online course, Turn Down the Heat –a virtual guided tour of a World Bank- commissioned report by the Potsdam Institute and Climate Analytics on the likely impacts of a warming Earth.
The four-week Massive Online Open Course (MOOC) began Jan. 27 and just wrapped up. It featured interactive video talks by renowned climate scientists and practitioners, Google hangouts with international experts, discussion forums and social media collaboration via #wbheat on Twitter.
The green energy revolution used to look pretty far off. Today, businesses are starting to factor the cost of climate change into their planning, countries have set targets for increasing the use of renewable energy, and wind farms and solar panels are popping up everywhere. But large-scale renewable energy development is still a challenge – especially in the absence of government incentives. Large-scale renewable power such as solar, wind, and wave power, though technically viable, is often seen by investors as too expensive to develop and too risky.
The International Finance Corporation (IFC), the World Bank Group’s private sector arm, is working to overcome those concerns. In Chile – a country with considerable renewable energy potential – these efforts are starting to have an impact. As the video below shows, Chile plans a significant shift in its energy equation – from 37% renewables today to 55% by 2024. Though still a very small percentage of the overall energy mix, non-conventional renewable power such as wind and solar is starting to happen there, without government subsidies.
World Bank Group President Jim Yong Kim has started a conversation about development and the private sector on Oxfam’s blog.
The evolving discussion isn’t so much about whether to harness the private sector to cut poverty, but how to do it.
In an Oct. 28 blog post, Kim said the Bank needs to work with many partners to help meet the goals of ending extreme poverty and boosting shared prosperity. Private sector investment “is needed to stretch scarce development resources.”
“Engaging the private sector is not about how we feel about business; it’s about how high our aspirations are for poor people. If we rely only upon foreign aid, then our aspirations are far too low.”