The IMF/World Bank Group Annual Meetings is an event you won't want to miss. Join us for a week of seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system. This year's events will take place in Nusa Dua, Bali, Indonesia, October 8-14, 2018.
Find out why the World Bank, countries, and partners are coming together to try to close the massive human capital gap in the world today.
The World Bank Group, the International Monetary Fund, and the Government of Indonesia are also co-sponsoring a first-ever technology fair to bring innovation to the heart of the Annual Meetings.
This three-day “showcase” will feature 28+ innovators – companies from around the world – who will demonstrate the powerful role that technology can play in spurring development, strengthening financial development and inclusion, and improving health and education outcomes. The 2018 Innovation Showcase will run from October 11-13 in the Bali International Convention Center.
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At the United Nations General Assembly this week, the UN and the World Bank, together with the International Committee of the Red Cross (ICRC) launched the Famine Action Mechanism (FAM), the first global partnership dedicated to preventing famine. With support from the world’s leading tech companies, the FAM aims to use data and state-of-the-art technology to pair decision-makers with better, earlier famine warnings and pre-arranged financing.
Almost 85 percent of them are hosted by low or middle countries with limited resources such as Jordan, Ethiopia, Uganda, Turkey, and Bangladesh. These countries face enormous challenges in meeting the needs of refugees while continuing to grow and develop themselves.
I visited Jordan in 2014 and 2016 and was struck by the generosity and hospitality of this small, middle-income country, which accepted the influx of more than 740,000 refugees of the Syrian war and other conflicts (and that only counts the number officially registered by the UN Refugee Agency!) In 2017, Jordan had 89 refugees per 1,000 people –the second-highest concentration in the world. Its services and economy were under tremendous strain. The refugees themselves were frustrated by lack of opportunity to support themselves.
the world’s population – lack safe spaces in which they can thrive?
That's why the United Nations theme for International Youth Day this year focuses on “Safe Spaces for Youth.” These are spaces where young people can safely engage in governance issues, participate in sports and other leisure activities, interact virtually with anyone in the world, and find a haven, especially for the most vulnerable.
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- International Youth Day
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- Private Sector Development
- Labor and Social Protection
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- Information and Communication Technologies
- South Asia
- Latin America & Caribbean
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- Gambia, The
- Sustainable Communities
Giving youth the education and skills they need remains one of the world’s most pressing challenges. Worse, nearly 60 percent of primary school children in developing countries fail to achieve minimum proficiency in learning. Adding a new layer of complexity to this challenge, technology is quickly transforming the skills required to compete for jobs and access economic opportunities—as highlighted in the World Bank’s forthcoming 2019 World Development Report on the changing nature of work. And for regions with a huge youth population such as South Asia and Sub-Saharan Africa, it’s time to put digital skills training front and center.
International Youth day is August 12. This year’s theme is Safe Spaces for Youth and the contributions they make towards freedom of expression, mutual respect and constructive dialogue. Among these spaces are civic spaces, public spaces, digital spaces and physical spaces. Personally, I am very interested in the digital spaces concept, not because I am a digital engagement specialist here at the World Bank, but because I think the future of tomorrow’s work is going to be very aligned with technology.
His words ring true today, as we face global crises – natural disasters, pandemics, violent conflicts, financial crises, and more – that hit rich and poor countries alike, and have lasting consequences especially for the world’s most vulnerable people. They can take the lives of millions of people and cost the world trillions of dollars in damages and lost potential.
Fardowsa, a 20-year old Somali refugee in Uganda, knows the vital importance of identity documents to refugees. She and her family were forced to flee her homeland in 2001 without any official documentation. The refugee ID card she was issued by the Government of Uganda not only provides her with protection and access to humanitarian assistance, but it has also given her the opportunity to study at university and open a mobile money account. With this foundation, Fardowsa is planning to start her own business to further improve her and her family’s new life. In the process, she will also be contributing to Uganda’s economy while realizing her potential as a young female refugee.
Refugees are vulnerable, having lost their assets and livelihoods, and without the ability to plan their lives. They need help regaining their voice, becoming self-reliant and rebuilding their lives.
Numbers help to tell this story: ; more than half are displaced for more than four years; fifty one percent of refugees are children and are five times more likely to be out of school than non-refugee children; and many refugees are hosted by communities that are also struggling with their own development challenges – weakened infrastructure, food insecurity and limited access to quality health care, among others. Consequently, these communities also need our support.
This is why the Bank Group, a development institution, is broadening its support for refugees and their host communities in a way that complements – not replaces – the work of others, especially humanitarian partners. We are approaching the problem from a development perspective, addressing social and economic challenges in the medium-term. The goal is to enable refugees to go beyond simply meeting their basic needs to getting an education, accessing health care, working, traveling and opening businesses – so that they can live as ‘normal’ a life as possible, and contribute to their local economy. Including refugees in development planning and national systems is a key part of this approach.
As the World Bank Group strengthens support for refugees, internationally displaced people, and their host communities, This exhibition showcased the creative voices of those artists touched by the refugee crisis, or those artists who were refugees themselves.
The Uprooted exhibition included a visual art exhibition and musical performances featuring over 30 artists from places such as Bangladesh, Pakistan, Colombia, Lebanon, Iraq, Syria, Jordan, Central African Republic, Burundi, and Guinea.
One capstone of the exhibition was the construction of a shed intended to evoke the shelters found in places such as the Azraq Refugee Camp in Jordan. For the exhibition, the shed was enhanced with murals on its sides. Each mural was done by the hand of a different artist – Suhaib Attar, an artist from Jordan and son of Palestinian refugee parents, Marina Jaber from Iraq, a country with millions internally displaced people, Diala Brisly, a refugee from Syria, and Didier Kassai from the Central African Republic, a country in which violence and war have forced hundreds of thousands into displacement.
According to the UN, women in conflict-ridden countries are disproportionately affected. They are actively targeted as a tactic of war to humiliate, terrorize, punish, or forcibly displace them. In fact, women and girls are disproportionately exposed to sexual violence during conflict. And, as more men die, more women and families are left destitute. The World Bank Group is committed to doing more to prevent this cycle of violence against women, as set out in this IEG report.
UNHCR story, the business is small, but the women are earning money to feed their children and take care of their families. These women are vital role models in their communities and give others hope to rebuild their lives.Take the example of Chorty a war widow who successfully banded together with other war refugees from South Sudan to open a hair salon in the Democratic Republic of Congo (DRC). According to the