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The way out of poverty and corruption is paved with good governance

Sri Mulyani Indrawati's picture
Also available in: Español | العربية | Français

Woman speaks to World Bank MD and COO Sri Mulyani Indrawati in the Nyabithu District of Rwanda. © Simone D. McCourtie/World Bank

For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the Sustainable Development Goals and signing the Paris climate deal at the end of 2015, the global community is now looking into the best and most effective ways of reaching these milestones. In this five-part series I will discuss what the World Bank Group is doing and what we are planning to do in key areas that are critical for ending poverty by 2030: good governance, gender equality, conflict and fragility, creating jobs, and, finally, preventing and adapting to climate change.

Twenty years ago, the World Bank took up the fight against corruption as an integral part of reducing poverty, hunger, and disease. The decision was groundbreaking then and remains valid today. Corruption diverts resources from the poor to the rich, leads to a culture of bribes, and distorts public expenditures, deterring foreign investors and hampering economic growth.

Innovation and the World Bank

Adarsh Desai's picture
Many in the development community believe that innovation is increasingly becoming important to achieve development outcomes. A consortium of development agencies, including the World Bank Group, jointly launched ‘A Call for Innovation in International Development’, at the Financing for Development Conference in Addis Ababa, last year.

Progress and persistence in gender equality: Reflections on the WDR 2012

Daniel Nikolits's picture

Today marks the fifth International Women’s Day since the publication of the World Development Report 2012 on “Gender Equality and Development.” That WDR showed us that gender equality is both an important development objective in its own right, as well as smart economics. On the occasion of International Women’s Day, I sat down with the co-Directors of the WDR 2012, Ana Revenga and Sudhir Shetty. They shared some of their reflections on the origins of the report, its successes and impact, the challenges that remain, and why a focus on gender in development work still remains important today.  

Solving the puzzle of extreme poverty

Daniel Nikolits's picture
Have you ever tried to solve a problem without much context? How did it go?

Here’s a simple example: Imagine you’re working on a complicated jigsaw puzzle without using the picture on the box top as a guide. How successful do you think you’ll be? After some trial and error, you’d probably give in to frustration, bring out the box top, and make easier work of the puzzle.

What if the puzzle you were trying to solve was to end extreme global poverty? How would you put the pieces together?

Finding the missing millions can help achieve the Sustainable Development Goals

Mahmoud Mohieldin's picture
Students in Bangladesh. © Scott Wallace/World Bank

The 2030 Agenda for Sustainable Development, approved in September, takes a holistic approach to development and presents no fewer than 17 global Sustainable Development Goals (SDGs). In committing to the goals and associated targets, the international community has agreed to a more ambitious development compact — that of ending poverty, protecting the planet while "leaving no one behind".

Despite this ambition, we may not know who precisely is being left out of our development programs or how to more effectively target our intended beneficiaries.

The ambition of Paris: A path toward clean economic growth

Jim Yong Kim's picture
Also available in: Français | Español | العربية | 中文
© Fabien Minh/Connect4Climate/World Bank

​The Paris climate talks offer a once-in-a-generation opportunity to send the clear signal: We can build prosperity and support economic growth without carbon polluting the earth, and we must act with urgency because of a volatile, warming planet.

I believe political leaders from around the world will rise to this challenge in Paris. For us at the World Bank Group, we will help our client countries and companies make that transition to low-carbon and resilient economic development.

Statement by World Bank Group President Jim Yong Kim on Paris attacks

Jim Yong Kim's picture
Also available in: Français | 中文

WASHINGTON, November 13, 2015—The World Bank Group today issued the following statement from World Bank Group President Jim Yong Kim on the attacks in Paris.

"We condemn violence of all kinds and the attacks in Paris are an assault on collective humanity. We send our condolences to all the families of those who have died, to the people of France and its government. This kind of senseless attack is so difficult to comprehend, yet we must respond with unwavering commitment to what makes us human – coming to the aid of all around us, especially the most vulnerable."

What El Niño teaches us about climate resilience

Francis Ghesquiere's picture
It was recorded by the Spanish conquistadors, and triggered famines that have been linked to China’s 1901 Boxer Rebellion and even the French revolution.

Named by Peruvian fishermen because of its tendency to appear around Christmastime, El Niño is the planet’s most large-scale and recurring mode of climate variability. Every 2-7 years, a slackening of trade winds that push sun-warmed water across the Pacific contributes to a rise in water temperature across large parts of the ocean. As the heat rises, a global pattern of weather changes ensues, triggering heat waves in many tropical regions and extreme drought or rainfall in others.

The fact that we are undergoing a major El Niño event should cause major concern and requires mobilization now. Already, eight provinces in the Philippines are in a state of emergency due to drought; rice farmers in Vietnam and Thailand have left fields unplanted due to weak rains; and 42,000 people have been displaced by floods in Somalia.

And this is before the event reaches its peak. Meteorologists see a 95% chance of the El Niño lasting into 2016, with its most extreme effects arriving between now and March. Coastal regions of Latin America are braced for major floods; India is dealing with a 14% deficit in the recent monsoon rains; and poor rainfalls could add to insecurity in several of Africa’s fragile states. Indeed, Berkeley Professor Soloman Hsiang has used historical data to demonstrate that the likelihood of new conflict outbreaks in tropical regions doubles from 3% to 6% in an El Niño year.

But despite its thousand-year history, the devastation associated with El Niño is not inevitable. Progress made by many other countries since the last major event, in 1997-98, shows that we can get a grip on its effect – and others caused by climate trends.