Last Friday - together with the European Union and the Government of Japan - the World Bank/Global Facility for Disaster Reduction and Recovery hosted some of our major humanitarian and development partners in an effort to identify and overcome barriers for coordination and work together in the planning and financing of disaster risk reduction and resilience strategies in critical disaster hotspots around the world.
The World Bank- IMF Annual Meetings wrapped Sunday, following the release of a Development Committee communiqué that endorsed the Bank’s emphasis on jobs and growth, gender equality, and recent reforms that have made the Bank more open and transparent.
I'm back from Istanbul today, looking back at some of the important events and messages that came out of the 2009 Annual Meetings. Before we all left Istanbul, however, Alison caught up with World Bank Managing Director Ngozi Okonjo-Iweala, and asked her to provide a short recap of the Meetings.
The 2009 Annual Meetings are wrapping up. Before packing up here in Istanbul, I caught up with Marwan Muasher, World Bank Senior Vice President for External Affairs, and asked him to provide me with his own one-minute recap of the Meetings.
The 2009 Annual Meetings are wrapping up. Before packing up here in Istanbul, I caught up with Edith Grace Ssempala, World Bank Director for the Civil Society Program, and asked her to provide me with her own one-minute recap of the Meetings.
We started distribution of the World Bank Annual Report 2009 this morning at the Annual Meetings in Istanbul. The free publication, outlining the Bank's activities in fiscal year 2008, is available for journalists, government officials, civil society organizations, academic and public libraries — and anyone else interested in learning more about the Bank and what it does.
The report summarizes the Bank Group’s commitments and approved projects during the recently completed fiscal year, and also includes a CD with complete financial information and a slideshow summarizing the regional, sectoral, and thematical categorization of funding.
I had a chance to work with the team that was preparing the Annual Report this year. Our goal was to put together a colorful and easy-to-read summary of the Bank’s development activities for everyone who is interested. Photos from the project sites and personal stories about recent Bank Group projects from all around the world are featured in this year’s report. All six of the Bank’s regions are presented with a regional snapshot as well as the summaries of funding operations taking place.
This year, the Annual Report 2009 website has been enhanced in terms of design, online content, and interactivity. The site includes interesting videos about recent projects taking place in the field. The PDF version of the Annual Report is downloadable in 8 different languages from the website. You can also view the whole ‘Year in Review’ with our interactive widget.
The global financial crisis may be easing, but it is far from over, according to the World Bank’s chief economist. The World Bank is holding its annual meetings in Istanbul, Turkey, and those meetings prompted an assessment of the global economy from Justin Lin.
Lin is the World Bank’s chief economist, and he says the situation may be improving, but the financial crisis of 2008-2009 “has left a scar”. He warns that it will be years before developing economies bounce back.
Lin, meeting with other leading economists at the Council of Chief Economists Roundtable in Turkey, reminded them that the world needs to be ready for the challenge of fixing the damage left by the crisis.
For example, Lin says, the residue from the financial crisis will be apparent for years, with unemployment high and consumption low. He says that India will bounce back with an 8 percent growth rate, but the country was roaring along at 10 percent before the crisis. Ethiopia, he says, will come back at 7 to five percent, and but it was showing what he called “high” rates of growth of 11 percent before last fall.
This year's World Bank World Development Report focuses on climate change and its effects on international development. The report emphasizes that developing countries are the most vulnerable to the negative impacts of climate change, and that a “climate-smart” world is possible if we act now, act together, and act differently.
Yesterday at the Annual Meetings in Istanbul, climate change experts addressed some of the issues from the World Development Report. World Bank Chief Economist Justin Lin, Norwegian State Secretary for International Development H.E. Hakon Gulbrandsen, and WDR Co-Director Marianne Fay spoke about the impact of the changing climate, re-iterating that developing countries will face 75 to 80 percent of the potential damage from global climate change.