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Hope for the world’s poorest springs in Myanmar

Axel van Trotsenburg's picture
Also available in: Español | Français

Aung San Suu Kyi, state counselor and minister of foreign affairs for Myanmar, addresses an IDA 18 replenishment meeting on June 21, 2016. © Aung San/World Bank

Daw Aung San Suu Kyi, state counselor of Myanmar and Nobel Peace Prize winner, told representatives from governments rich and poor at a meeting this week in Myanmar that reducing poverty and ensuring that everyone benefits from economic growth calls for a deep focus on addressing the challenges of fragility and conflict, climate change, gender equality, job creation, and good governance.
 
Suu Kyi was speaking at the opening session of a meeting of the International Development Association (IDA), the World Bank’s fund for the poorest, where donors, borrower representatives and World Bank Group leadership are brainstorming ways to achieve these goals. She said that Myanmar’s real riches are its people, and they need to be nurtured in the right way.

How we’re fighting conflict and fragility where poverty is deepest

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

View from cave, Mali. © Curt Carnemark/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.
 
By 2030, more than half of the world’s poorest people will live in very poor countries that are fragile, affected by conflict, or experience high levels of violence
 
These are places where governments cannot adequately provide even basic services and security, where economic activity is paralyzed and where development is the most difficult.  It is also where poverty is deepest. The problems these countries face don’t respect borders. About half of the world’s 20 million refugees are from poor countries. Many more are displaced within their own country.

Ending poverty means closing the gaps between women and men

Sri Mulyani Indrawati's picture

A woman in a Niger village cooks for her family. Photo © Stephan Gladieu/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.

The world is a better place for women and girls in 2016 than even a decade ago. But not for everyone, and definitely not everywhere: This is especially true in the world’s poorest, most fragile countries.
 
It’s also particularly true regarding women’s economic opportunities. Gender gaps in employment, business, and access to finance hold back not just individuals but whole economies—at a time when we sorely need to boost growth and create new jobs globally.

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.

How can small island states become more resilient to natural disasters and climate risk?

Ede Ijjasz-Vasquez's picture
Small Island States are particularly vulnerable to the impact of climate change and natural disasters. In fact, 2/3 of the countries that have been most severely impacted by disasters are small island nations, which have lost between 1 and 9% of GDP annually due to weather extremes and other catastrophes. The severity and recurrence of disasters makes it hard for those countries to recover, and seriously undermines ongoing development efforts.
 
The World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) are actively working with small island states to mitigate the impact of natural disasters and climate risk, including through their joint Small Island States Resilience Initiative. World Bank Senior Director Ede Ijjasz-Vasquez and GFDRR's Sofia Bettencourt tell us more.

Bill Gates talks about ‘game-changers’ in financing development

Donna Barne's picture

World Bank Group President Jim Yong Kim, Bill & Melinda Gates Foundation Co-Chair Bill Gates, and UK Secretary of State for International Development Justine Greening. © Simone McCourtie/World Bank

What would be a game-changer for achieving some of the world’s most difficult goals — such as ending poverty and hunger and making sure every child gets a quality education?

Billionaire philanthropist Bill Gates came to the World Bank Group Spring Meetings to answer that question in a thought-provoking conversation about how to finance development for greater impact.

A visit from Michelle Obama and a $2.5 billion pledge to ‘let girls learn’

Donna Barne's picture
Also available in: العربية | Français | Español
Michelle Obama Excited by World Bank 2.5 Billion Pledge for Girls Education


U.S. First Lady Michelle Obama brought her passion for girls’ education and a powerful message to a packed World Bank atrium just ahead of Spring Meetings: Support education for adolescent girls, because it’s one of the smartest investments any country can make.

She was talking to the right audience — finance and development ministers entrusted with crucial spending decisions, development experts, and leaders from civil society, the private sector, and the media.

World Bank Group President Jim Yong Kim praised Obama as a “tremendous champion for the rights of girls and women.” He announced that the Bank Group would invest $2.5 billion over five years in education projects directly benefiting adolescent girls. 

From crisis to resilience: Helping countries get back on track

Joachim von Amsberg's picture
Also available in: Español | Français | العربية

Just two weeks ago, the citizens of Sierra Leone celebrated the end of Ebola transmission in their country with cheering and dancing in the streets of Freetown. It’s a milestone worth celebrating in a country that has suffered nearly 4,000 deaths from the deadly virus.

Learning from the Korean 'Miracle'

Jim Yong Kim's picture

SEOUL, Republic of Korea — I was born in this country in 1959, a time when the per capita income was not much more than $100. Today, Korea's gross national income is roughly $23,000 per person. Everywhere I travel in the developing world, leaders ask me, how did Korea lift itself out of such dire straits? One of the reasons is that many Koreans are never satisfied with success; they always seek improvement. Watch this blog to learn more.

From Senegal: A Road of Opportunity

Jim Yong Kim's picture

DAKAR, Senegal — One of the most important pieces in our new strategy is that all parts of the World Bank Group need to work together more closely. In Dakar, I visited a new toll road that has cut down commuters' travel time and shows signs of boosting economic development at various exits. The project was supported by IDA, our fund for the poorest, and the IFC, our private sector arm. Please watch to learn more.

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