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Needed: Pragmatic Energy Leadership for a Livable Future

Rachel Kyte's picture
Also available in: العربية | Français | Español | 中文

Beijing Smog. Ilya Haykinson/Flickr Creative CommonsRight now, as you read this, wherever you are, we are in uncharted territory. Our global population of 7.1 billion is headed for more than 9 billion by 2050. With our growing numbers and aspirations for shared prosperity comes a growing demand for energy to power homes, businesses, industry and transport. Our continuing reliance on fossil fuels is generating pollution and a dangerously high amount of greenhouse gas emissions – this past summer, the concentration of CO2 in the atmosphere passed levels not seen in 3 million years.

If you were in Beijing last week, you felt the impact in your lungs: Just 16 days into the new year, the city woke up to its first “airpocalypse” of 2014, the latest in a series of dangerously high smog days. Beijing’s mayor announced plans the same day to cut coal use by 2.6 million tons and ban heavily polluting vehicles.

That was an important local step, and we are seeing forward-thinking cities and national governments make similar moves as they develop the architecture for a cleaner, low-carbon future.

Mobilizing Climate Finance to Build a Low-Carbon, Resilient Future

Rachel Kyte's picture

This past week, we saw our future in a world of more extreme weather as Super Typhoon Haiyan tore apart homes and cities and thousands of lives across the Philippines.

Scientists have been warning for years that a warming planet will bring increasingly extreme and devastating weather. Scientific certainty has brought climate change over the planning horizon, and the impact is now unfurling before our eyes.  This level of damage, with millions of people affected, will become more frequent unless we do something about it – fast.

Negotiators from around the world are here in Warsaw for the UN climate conference to work on drivers that can spur that action on a global scale.

It is not overly complicated. We need to get the prices right, get finance flowing, and work where it matters most. But, each of these will take political will to right-size our collective ambition – for ourselves and for the people of the Philippines and the Pacific Islands and the low-lying coasts of Africa and the Caribbean who are directly in harm’s way.

We’re Seeking 18 Dynamic Leaders to Help Us Meet Our Goals

Keith Hansen's picture

The World Bank Group is searching internally and globally for 18 experienced and driven professionals to help achieve two ambitious goals: reducing the number of people living on less than $1.25 a day to 3% by 2030 and promoting shared prosperity by fostering the income growth of the bottom 40%. These leaders will be crucial to our plan to improve the way we work, so we can deploy the best skills and expertise to our clients everywhere, to help tackle the most difficult development challenges around the world.   

Last month, the Bank Group’s member countries endorsed our new strategy which for the first time leverages the combined strength of the WBG institutions and their unique ability to partner with the public and private sectors to deliver development solutions backed by finance, world class knowledge and convening services.

Instrumental to the success of our strategy is the establishment of Global Practices and Cross-Cutting Solution Areas, which will bring all technical staff together, making it possible for us to expand our knowledge and better connect global and local expertise for transformational impact. Our ultimate goal is to deploy the best skills and expertise to our clients at the right time, and become the leading partner for complex development solutions.

We are accepting applications for the Global Practice senior directors who will lead these pools of specialists in the following areas: Agriculture; Education; Energy and Extractives; Environment and Natural Resources; Finance and Markets; Governance; Health, Nutrition, and Population; Macroeconomics and Fiscal Management; Poverty; Social Protection and Labor; Trade and Competitiveness; Transport and Information Technology; Urban, Rural, and Social Development; and Water.

Pulling the Tablecloth Out From Under Development Efforts - Without Breaking a Glass

Benedikt Lukas Signer's picture

Residents return from storm shelters to Ganjam district in Odisha after Cyclone Phailan made landfall. ADRA India / European CommissionWhen Cyclone Phailin struck the Indian states of Odisha and Andhra Pradesh last week, the predictions were dire. In 1999, a cyclone of comparable strength took 10,000 lives.
 
While Phailin affected up to 8 million people, leaving approximately 600,00 homeless, death tolls are currently estimated to be in the low double digits. What made all the difference between 1999 and today? A much improved early warning system, effective evacuations, and the construction of shelters probably played a crucial role. Credible forecasts and early warnings were available for several days before landfall, and close to one million people were evacuated.
 
Everyone who still thinks disasters are ‘natural’ should stop and consider this for a minute. This difference in impact is a real world example of an analogy discussed at the 5th Resilience Dialogue on Oct. 11, 2013.  Here’s my interpretation:
 
Remember that old magic trick where a tablecloth is pulled off a fully set table but (almost) nothing falls over?

Shanghai: Paving the Way for Greener Cities

Jim Yong Kim's picture
Also available in: 中文

SHANGHAI, China, Sept. 17 -- I'm standing in front of a building at Linkong International Garden that has solar panels on the outer walls and rooftops, geothermal heat pumps, and online energy management. This is part of the front line of the fight against climate change, and Shanghai is helping to lead the way in making sure rapid urbanization involves a wide array of clean technologies. Watch the video to learn more.

The Science of Infrastructure Service Delivery

Jordan Z. Schwartz's picture
Also available in: Français

The cool thing about working in infrastructure is everyone knows your business.
 
We’ve all paid bills, lost power during storms, and worried about the quality of the water we’re about to drink. We’ve all been on a dead phone line sputtering, “Hello?  Hello?” having just confessed, “I love you,” to a disconnected piece of plastic. 
 
And if we in the professional world care about these basic services that are so fundamental to our lives, we know their reliable and affordable delivery is even more crucial for the poor. When a long wait for a new phone connection means no link to the outside world, no power means no study, and tainted water means sick children, then utility services are the difference between stagnation and growth, poverty and opportunity.
                      
Everyone knows when services work and when they don’t. But infrastructure economists have long struggled to understand why some utilities work well and others don’t. Is there a package of reforms that will get us more connections, higher levels of efficiency, better quality service and cheaper rates?

A New Partnership With Moldova

Abdoulaye Seck's picture
Also available in: Русский

I landed in Chisinau on a short flight from Frankfurt a mere two years ago. I immediately liked this vibrant and cosmopolitan city built with white limestone and awash with greenery, and remember thinking that it has the potential to attract scores of tourists. But tickets to fly into Chisinau were expensive in 2011.

I also recall so vividly my first trip through the Moldovan countryside shortly after.  An amalgam of bright green leaves on walnut trees contrasted the yellow of the sunflowers that grow in fields with some of the most fertile soil in the world. I was immediately struck by the immense potential that Moldova holds in agriculture.

 

Good things have happened since then.

PPPs: Infrastructure Is in Demand, So Where Is the Investment?

Jordan Z. Schwartz's picture

It should be celebration time for public-private partnerships and other forms of private investment in infrastructure.  The pent-up demand for infrastructure in the developing world has never been greater—over double the $900 billion per year being spent now, according to our rough estimates; and governments around the world are falling over themselves to show donors, strategic investors and creditors alike how committed they are to attracting private investment to infrastructure.

Private Investment in InfrastructureSomehow, as we release the 2012 data on private participation in infrastructure (PPI) across the developing world [see: PPI Database], I just can’t get myself to pop the champagne.  True, the march into higher levels of investment, uneven as it is, continues.  Commitments for PPI totaled $182 billion in 2012 and most developing countries clocked in with at least one private investment.  But the total is still less than 20 percent of what the developing world is spending on infrastructure, and less than 10 percent of what is needed to reach growth targets.  It is still less than one percent of GDP for developing countries.

If the demand is out there, what are all those investors scared of?

What’s in Kyrgyzstan’s future?

Alex Kremer's picture

The problem with the World Bank’s 20th anniversary in Kyrgyzstan last November was that everybody else’s party had happened already.

There has been a blur of speeches, gala concerts, jazz bands, canapés, toasts and traditional performances as one embassy after another feted twenty years of partnership with the Kyrgyz Republic. The same guests, speeches, and – truth be told - probably the same canapés.

We had to do something different. So, as we celebrated the last 20 years of our work in Kyrgyzstan (which have been quite good), we toasted the next 20 years as well.


 

Three Pillars for Prosperity in Montenegro

Željko Bogetic's picture

Over the last decade Montenegro has trebled its gross national income (from $2,400 in 2003 to $7,160 in 2012), has reduced its national poverty headcount from 11.3 percent in 2005 to 6.6 percent in 2010, and enjoys the highest per capita income among the six South East European countries.

Despite this considerable progress, however, Montenegro remains a country in need of a new economic direction. The global financial crisis has exposed Montenegro’s economic vulnerabilities and has called into question the country’s overall growth pattern. The period between 2006 and 2008 was characterized by unsustainably large inflows of foreign direct investments (FDI) and inexpensive capital, which fueled a domestic credit consumption boom and a real estate bubble. When the bubble burst in late 2008 and in 2009 real GDP shrank by almost 6 percent, triggering a painful deleveraging and a difficult recovery that is not yet complete. With the base for Montenegro’s growth narrowing and the country’s continued reliance on factor accumulation rather than productivity, it has become clear that this old pattern cannot deliver the growth performance seen just a few years ago.
 
So, what kind of growth model can drive Montenegro’s next stage of development in the increasingly competitive environment of today’s global economy?
 
As spelled out in the recent report “Montenegro – Preparing for Prosperity” this country can go a long way toward returning to the impressive economic gains it was making just a few years ago by emphasizing three critical areas of development: sustainability, connectivity, and flexibility.
 

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