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Poverty

Aid effectiveness = working together

Axel van Trotsenburg's picture


 

It’s been 10 years since the World Bank signed on to the Millennium Development Goals. At the time, I managed the Bank's HIPC initiative, providing debt relief for the most heavily indebted countries, and I remember the hope we all felt.  I am now responsible for IDA—the World Bank’s fund for 79 of the poorest countries, for whom the MDGs are critical, and I can say that our commitment to these goals remains as strong today, if not stronger. 

We have made considerable progress on many of the goals. Growth over the past decade has contributed to reductions in extreme poverty.  In 1990, over 40 percent of the population in developing countries lived on less than $1.25 per day.  By 2005, that share fell to roughly 25 percent and is expected to fall to 15 percent by 2015, more than meeting the goal to halve extreme poverty. 

Words are not enough this week in New York

Tamar Manuelyan Atinc's picture

As the global summit gets off and running in New York to look at progress toward the Millennium Development Goals, we have a great deal to celebrate. At the same time, we have some big challenges ahead in order to realize the promise of the goals: a world that overcomes poverty and hunger, where all citizens have access to opportunity and hope.

On the celebration side: 30 years ago, 52 percent of people in developing countries lived in extreme poverty; by 2005, that share had been cut by more than half. In Africa before the triple blow of the food, fuel and financial crises in 2008, primary school enrollment rates were rising faster than in any other continent, and child mortality rates had fallen by 25 percent in about 13 countries in just 4 years.
 

O “Consenso de Brasília”

Mauro Azeredo's picture

O Brasil vive um momento excepcional, fruto de décadas de trabalho duro. Alcançou um desenvolvimento social e econômico impressionante, tirou da pobreza dezenas de milhões de pessoas e construiu uma economia que está crescendo fortemente e atravessou sem percalços a grande crise financeira global. Pode-se dizer que o país uniu desenvolvimento econômico com estabilidade e avanços sociais, no que já foi chamado de “Consenso de Brasília” – em contraposição ao de Washington, de conturbada memória.

Malawi and the Millennium Development Goals

Kavita Watsa's picture

Malawi Minister talks about MDGs

At an event a few days ago at the Spring Meetings on Africa and the Millennium Development Goals—or MDGs for short—the speaker who left me with the strongest impression of hope for 2015 and beyond was Ted Sitima-Wina, Malawi’s Principal Secretary, Planning. Malawi, a small landlocked country with a per capita income of $280, is on track to meet five out of the eight goals, no small achievement in a region where most countries appear off-track on most goals, and many started from a very low base in 1990.

So what worked in Malawi? According to Sitima-Wina, it was aligning the Malawi National Development Strategy closely to the MDGs. “Papers signed in 2000 showed us goals and targets,” he said, “but what we did in Malawi was to contextualize them in our own poverty reduction strategy.”

Perhaps one of the most famous steps that Malawi took to cut poverty and hunger was a targeted subsidy which allowed poor farmers to afford fertilizer and hybrid seeds. With this, the country has moved from being a net importer to a net exporter of food. A recent survey showed that over the past few years, people in rural areas have reported that food is available, despite the crisis.

Global crisis hits home in emerging Europe and Central Asia

Angie Gentile's picture

Young Roma man in Biala Slatina, Bulgaria. Photo: Scott Wallace / World Bank The global economic crisis has reversed the impressive economic growth of recent years in emerging Europe and Central Asia, hitting families hard with higher unemployment and lost wages.

Growth has plummeted from a fast clip of 7.6 percent in 2007 to 4.7 percent in 2008, and is projected at negative 5.6 percent in 2009, the World Bank said at an Annual Meetings press briefing yesterday.

“The global financial and economic crisis has literally hit home in many parts of Emerging Europe and Central Asia,” said Philippe Le Houérou, World Bank Vice-President for Europe and Central Asia.

“What started as a financial crisis has become a social and human crisis. Just as banks were under stress, families are now the ones under severe stress as they see breadwinners lose their jobs and have trouble paying their bills.”

 

 

Archbishop Ndungane: ‘We should be intentional about what CSOs are saying’

Angie Gentile's picture

Archbishop Winston Njongonkulu Ndungane, World Bank-IMF Annual Meetings, Istanbul. Photo credit: Simone D. McCourtie/World BankYesterday I caught up with the stately Archbishop Winston Njongonkulu Ndungane, who is attending the Civil Society Forum here in Istanbul. The Archbishop carved out some time to meet before heading off to head a CSO Townhall meeting featuring Bank President Zoellick and IMF Chief Strauss-Kahn.

Archbishop Ndungane is the founder and president of African Monitor, an independent pan-African nonprofit whose main objective is to monitor aid flows, what African governments do with the money, and what impact it has.

 African Monitor holds poverty hearings through which they seek to magnify voices. “We pride ourselves in having the confidence of people on the ground—the voice of people—and taking those voices to the corridors of power,” the Archbishop told me.

Archbishop Ndungane talked about linking up the creative and innovative minds of CSOs with the World Bank on today’s key issues—hunger, climate change, financial crisis. He emphasized the need to develop mechanisms for translating ideas into action.

Zoellick: Protection for most vulnerable must be permanent part of financial architecture

Angie Gentile's picture

World Bank President Robert B. Zoellick. 2009 Annual Meetings, Istanbul, Turkey. Photo credit: Simone D. McCourtie/World BankBank President Robert Zoellick told an overflowing room of journalists this morning that these annual meetings come at an important time for the work of the Bank Group and its members.

“The G-20 summit last week provided clear markers for the work of the World Bank. But more than 160 countries were not at the G-20 table,” he said. “These meetings can therefore ensure that the voices of the poorest are heard and recognized. This is the G-186.”

Zoellick began his remarks by expressing his sympathy for the people of Indonesia, the Philippines, Samoa and Tonga and others in the region, who have been battered by a series of cataclysmic natural disasters.

The Bank’s President told reporters that developing countries are still suffering from the global economic crisis, and it is important for the G20 to scale up support. He said the meetings offer a platform to follow up on the proposal for a crisis facility for low-income countries—critical to ensuring that protection for the most vulnerable becomes a permanent part of the world’s financial architecture.

Latin American performed better than other regions in crisis

Augusto de la Torre's picture

In the lead-up to the World Bank-IMF Annual Meetings, the Latin America and Caribbean Region VPU of the World Bank is co-hosting and attending the Americas Conference.

The Latin American region is exiting financial crisis on a strong footing.

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