By some estimates it could cost as much as $4.5 trillion a year to meet the Sustainable Development Goals (SDGs), and obviously, we will not get there solely with public finance. And there’s the rub: Countries will only meet the SDGs and improve the lives of their citizens if they raise more domestic revenues and attract more private financing and private solutions to complement and leverage public funds and official development assistance. This approach is called maximizing finance for development, or MFD.
It is these countries plagued by near-constant political and economic instability that are often the ones most in need of private investment. Yet they are also the places few private investors are willing to go. The risks seem to outweigh the rewards.
2018 is here, and we hope your new year is off to a positive start! Thank you for being a part of the global movement to help end poverty. For every like, share, “heart”, retweet, you name it, thanks for engaging with our content!
Every year brings new highlights, challenges, and priorities, and 2017 was no different.:
Twitter:for themselves or their loved ones. So unsurprisingly, you showed strong support for #HealthforAll during the Universal Health Coverage Forum in December.
What's one big reason families around the world fall into #poverty? #Health expenses. To reach the #globalgoals, we must achieve #HealthforAll. Join us at #UHCForum https://t.co/fl9GYMMBeH pic.twitter.com/LEAkSpeffQ— World Bank (@WorldBank) December 10, 2017
We were also very impressed to see how strongly you feel about preserving our planet. During last month’s One Planet Summit, several of you replied to the news of the World Bank’s announcement on phasing out financing of oil and gas exploration, with positivity. For example @RalienBekkers said: “Great, everyone should follow”:
Many of you agreed that women shouldn’t be restricted from doing some jobs, just because they are women:
The members of the community in the Bulugolla village in Sri Lanka breathed a sigh of relief. It was the month of October and the rice harvest had gone well. The rains had been plentiful and their meddlesome neighbors (seen in picture above) were abiding by their boundaries. This has not always been the case.
As the head of the village explained, “We depend upon a rice harvest to earn our livelihood. While we culturally and traditionally have lived in harmony with elephants, we cannot survive without our paddy farms and so we have to keep the elephants out”.
Human wildlife conflict is currently one of the greatest conservation challenges. As human populations grow, wildlife habitat shrink and humans and wildlife come in contact with each other as they compete for resources. In addition, wildlife such as elephants cannot be limited to the boundaries of protected areas as many protected areas can only support a certain number of elephants. In Sri Lanka, most elephant live outside protected areas amidst paddy fields, community villages, highway railways and other development infrastructure that is intended to support the growing human population. Conflict is inevitable but failure to reduce it will result in extinction of wildlife species.
The viral image of the three-year-old Syrian boy, Aylan Kurdi, whose dead body was quietly lying on the beach captivated us. Kurdi’s loss of the chance to flee to a safer life invigorated us to act. We decided to help refugee children adapt to their new lives when arriving in a new country.
And so, our team from the World Bank Youth Innovation Fund (YIF) partnered with Small Projects Istanbul (SPI), a Turkish non-profit organization, to help 20 Syrian children find some happiness and joy in Turkey after fleeing their war-torn country.
YIF provides an opportunity for young employees of the World Bank Group to design, implement and evaluate development projects in client countries focusing on innovation, efficiency and impact on development.
After submitting a proposal to the YIF Proposal Competition, and winning, our journey began. Our project, Turkish Language, Mentorship and Psychological Counseling Program, aimed to support these children to effectively integrate with the local society, develop self-confidence, and have access to education while living in Turkey.
Stories of sexting, sex tapes, online dating gone wrong and cyberbullying are all over social media and the news. However, these stories only begin to scratch the surface of online – or technology-facilitated – gender-based violence (GBV). With a wide range of online predatory behaviors essentially falling under one label, how do we define it? How can we begin to tackle the problem if we can’t grasp the full breadth of the problem?
The World Bank Group and the Sexual Violence Research Initiative (SVRI) has engaged the International Center for Research on Women (ICRW) to develop a way to measure technology-facilitated GBV on a global scale. To do this, our team is in the beginning stages of developing a conceptual framework. The reasoning behind this initiative is that, in order to tackle a problem like online violence, we must first get to the root of the problem by understanding the many ways online violence manifests itself. As researchers, defining the problem provides us with the insights we need to determine how to approach and measure the problem. And if we can measure it, we can start testing solutions.
We live in a world where
Every November 25, the International Day for the Elimination of Violence against Women, we are reminded that gender-based violence continues to be a global epidemic with dire consequences for women, their families and entire communities. It leads to negative mental and physical health consequences for women and limits their decision-making ability and mobility, thereby reducing productivity and earnings. Beyond the individual harm, it also has substantial economic costs. Global estimates suggest the cost of gender-based violence to be as high as 3.7 percent of GDP – or $1.5 trillion a year.
Good policy starts with good data, which is why the work of Together for Girls (TfG) begins with nationally representative Violence Against Children Surveys (VACS), led by the Center for Disease Control and Prevention (CDC) as part of the TfG partnership. The VACS generate data on prevalence and incidence of physical, sexual, and emotional violence as well as risk and protective factors, consequences of violence, and access to services. VACS have generated data for almost 10% of the world’s youth population (aged 13–24). VACS data catalyzes and informs national action to prevent and respond to violence. With strong data to guide the way, national governments lead the development and implementation of a comprehensive multi-sector policy and programmatic response to violence against children (VAC).
Celina Maria migrated from Bahia to Rio de Janeiro when she was just 17 and pregnant with twins, without completing her education and therefore have had difficulties finding good formal jobs. Over her life, she faced many challenges from being homeless to unemployed, while living in food insecurity with her children. Like Celina Maria, millions of people around the globe face multiple constraints – low earnings, limited assets, low human capital, idiosyncratic shocks and exposition to natural shocks, violence, and more – yearning to live with dignity and a decent and economically independent life.
To address the diverse needs of the poor, many countries offer a myriad of social benefits and services. Despite good intentions, this can lead to fragmentation in the absence of a clear strategy and coordinated processes and systems.
Life is shifting fast for coastal communities in West Africa. In some areas, coastlines are eroding as much as 10 meters per year. Stronger storms and rising seas are wiping out homes, roads and buildings that have served as landmarks for generations.
I was recently in West Africa to witness the effects of coastal erosion. To understand what’s going on, we took a three-country road trip, traveling from Benin’s capital Cotonou, along the coast to Lomé in Togo and then to Keta and Accra in Ghana. These three countries, among the hardest hit by coastal erosion, offer a snapshot of what is happening along the rest of the coast, from Mauritania, via Senegal to Nigeria.