Yesterday, I attended the TEDxWorldBankGroup event, entitled Global Challenges in the New Decade. This first TEDxWorldBankGroup event was organized by the Independent Evaluation Group (IEG) to add to the critical discussions taking place during the Spring Meetings. The event aimed to encourage conversation on gender, climate change, agriculture and water, and to find possible solutions to these global issues.
The speakers at the event were great and made excellent points about each of the chosen issues. One of the takeaways from the event was that the development community should act as one in addressing critical issues and take a wholesome approach to resolving global challenges instead of tackling them piecemeal.
Jason Clay, Senior Vice President of Market Transformation at World Wildlife Fund (WWF), who presented on water issues at the event said that every time the development community tries to maximize efforts in one area, it takes away from another; therefore looking at all of these issues as a whole is the most effective way to solve them for the future generations.
Happy Earth Day!
In advance of the Spring Meetings and just in time for Earth Day, the Bank kicked off its support for International Year of Biodiversity on Wednesday with a new edition of its flagship magazine, Environment Matters.
The magazine, "Banking on Biodiversity," was launched Wednesday by President Zoellick at a special event at the Bank's headquarters in Washingont DC to draw attention to the plight of the wild tiger, a potent symbol of the threat to biodiversity worldwide.
"We are using the appeal of these charismatic big cats as a clarion call," said President Zoellick, "to draw attention to the need to protect biodiversity and to remind people of the wildlife and wilderness we stand to lose if we do not balance conservation and economic development."
At a Program of Seminars session Monday on “Greening Recovery, Seizing Opportunities,” more than 300 people turned out to hear experts such as Nobel laureate Joe Stiglitz and UNEP Executive Director Achim Steiner outline how “green” investments are being used as parts of economic stimulus packages.
They were joined by Luciano Coutinho (President, BNDES – Brazilian Development Bank), Yoon-Dae Euh (Chairman, Korean Presidential Council on Nation Branding and Chairman, Steering Committee, Korean Investment Corporation), and Hasan Zuhuri Sarikaya (Undersecretary, Ministry of Environment and Forestry, Turkey).
For Stiglitz, the principal question now in responding to the financial and economic crisis is how to increase global aggregate demand. Instead of increasing consumption, he said, more funding should go to increase investment – particularly green investment.
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.
To find out more, watch the full webcast of the press conference, or visit the WDR 2010 website. To learn more about the World Bank's work on the topic, visit the new Climate Change beta site or the climate change blog, Development in a Changing Climate.
Over the next five days, the Bank will be featuring a series of video stories, documenting the challenges and results of projects aimed at addressing Turkey’s vulnerabilities to earthquakes, as well as issues related to health care, landfill environmental protection, small business growth, and women’s development.
Today’s feature showcases work being done by the Turkish government, with help from the World Bank, to protect the beautiful, ancient city of Istanbul and its inhabitants against the threat of earthquakes. See the video.
Speaking earlier today with Turkish NTV, Marwan Muasher, World Bank Senior Vice President for External Affairs, emphasized the Bank’s commitment to helping all countries work through the economic crisis. He added: “For Turkey in particular, we are focused on helping spur a recovery in domestic consumer demand, as well as job creation. Social protection is very important, to help safeguard those groups most vulnerable to the impact of the slowdown, particularly children and young workers.”