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Donna Barne's blog
Can the world end extreme poverty by 2030? Will it be able to avert the worst effects of climate change or stop Ebola? These challenges are among the biggest we face today. In 2014, the World Bank Group tapped its knowledge, finance, and influence to confront global problems.
1) Taking on economic growth
In the wake of the financial crisis, developing countries were the engine of the global economy. In 2014, they faced new risks: lower growth, less financing, and lower prices for their commodities. In January and again in June, the World Bank urged developing countries to get their houses in order. Countries need blueprints to maintain the kind of growth that helped cut extreme poverty nearly in half globally in the last couple of decades. With the financial crisis fading, now is the time for developing countries to strengthen their economies so they can keep reducing poverty, according to the twice-yearly Global Economic Prospects.
What fascinated people most about global development in 2014? A look at the most popular World Bank Group content on social media and the web may offer some insight. We’ve compiled a selection of the Bank’s top 10 most liked, viewed, and favorited posts on Twitter, Instagram, Tumblr, YouTube, and the web. Have a look and tell us your top development issues of 2014.
The Bank’s most-watched video featured Chief Economist Kaushik Basu explaining shared prosperity.
Having an identity is part of living in a modern society, and the key to accessing public services, bank accounts, and jobs. But how should developing countries with tight budgets go about building a national system that records births and deaths and establishes identities?
A panel including representatives from Ghana, Moldova, and Canada explored that question and related issues Friday at Making Everyone Count: Identification for Development, during the World Bank-IMF Annual Meetings. The event was live-streamed in Arabic, English, French, and Spanish and moderated by Kathy Calvin, president and CEO of the United Nations Foundation.
The idea of “Inclusive growth” and how to achieve it was talked about a lot in the days ahead of the 2014 World Bank-IMF Annual Meetings. Among the solutions on the table was a new initiative that could help unlock billions of dollars for infrastructure and improve the lives of many.
About 1.2 billion people live without electricity and 2.5 billion people don’t have toilets. Some 748 million people lack access to safe drinking water. The Global Infrastructure Facility (GIF) announced by World Bank Group President Jim Yong Kim this week hopes to lower these numbers by developing a pipeline of economically viable and sustainable infrastructure projects that can attract financing.
The World Bank Group President Jim Yong Kim and World Bank Chief Economist Kaushik Basu had some answers in a live-streamed conversation, Building Shared Prosperity in an Unequal World, with Chinese media entrepreneur Yang Lan in the lead-up to the institution’s Annual Meetings on Wednesday morning.
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.
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.