The Bank's Special Envoy for Climate Change told the Americas Conference that the region is at the forefront of climate change efforts in the lead-up to Cancun's COP16 summit later this year.
Chief regional economist Augusto de la Torre explains why commodities, if wisely managed, can be a "blessing" for Latin America and the Caribbean.
While praising the region's economic progress, vice president Pamela Cox argues at the Americas Conference that more needs to be done to improve productivity and innovation.
The 2010 World Bank/IMF Spring Meetings have come to a close. See the highlights from the Meetings by clicking on any of the links below.
April 14, 2010
April 19, 2010
April 20, 2010
April 21, 2010
April 22, 2010
- Global Agriculture and Food Security Program
- Opening Press Conference with President Zoellick
- Bank commits $200 million for malaria prevention
- Zambia lifesaving-drug supply chain pilot results
April 23, 2010
- Global Monitoring Report 2010
- Water and Sanitation Panel
- Europe and Central Asia Press Briefing
- ICTs in Africa
- TEDx World Bank Group
April 24, 2010
April 25, 2010
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.
Ray Chambers, the UN Secretary General’s Special Envoy for Malaria, was here today to thank President Zoellick for $200 million to fund bed nets that will help prevent malaria in Africa. Chambers, who wants to bring a swift end to what he calls “the genocide of apathy,” conveyed a sense of great urgency as he described the UN’s sweeping campaign with 50 celebrities on Twitter—from Ashton Kutcher to Bill Gates. Through them, and through millions of tweets and re-tweets, money is being raised to ensure that all vulnerable people have bed nets by the end of the year. Yes, that’s this year.
As African governments look for ways to help the poorest people in the wake of the food, fuel, and financial crises, I think this was a very good moment for President Zoellick and Africa Vice President Oby Ezekwesili to note that anti-malaria efforts are relatively straightforward, with high returns on investment. The Bank’s effort to help close the gap—by funding 25 million of the 50 million remaining nets needed—is a timely one. It will cover seven countries—the Democratic Republic of Congo (DRC), Ethiopia, Ghana, Kenya, Mozambique, Sierra Leone and Zambia—among the 31 hardest hit by malaria.
“This was a highlight of my trip to Washington this spring,” said Uhuru Kenyatta, Kenya’s Finance Minister, “It is a key step to restore dignity to so many African men, women, and children.” Kenyatta called for a concerted effort by African governments to make sure that funds are used as intended and to scale up their own malaria funding. Finance Minister Mapon of the DRC spoke of great successes against malaria in his country, but noted that the “need remains sizeable.” And Zambia’s Minister Musokotwane echoed this conclusion, calling malaria “an obstacle to development.”
These Spring Meetings will probably be remembered for the capital increase – the first in 20 years – and the historic changes to the voice and representation of developing countries within the Bank. They are important milestones, and deserve to be recognized. But something much more profound is happening within the Bank, something that historians will look back on and regard as a pivotal moment in the organization’s evolution.
The key to understanding what is underway is Mr. Zoellick’s speech to the Woodrow Wilson Center on April 14. This was probably the most important speech by a Bank president since McNamara’s Nairobi speech of 1973 – even more important, I would argue, than Mr. Wolfensohn’s 1996 speech on corruption. For the first time in many years, the Bank is at the leading edge of thinking about global trends. Mr. Zoellick’s blunt declaration that the era of the Third World is over and a new, more complex arrangement is emerging, challenges everyone at the Bank and everyone working in development to think and act differently. It sets in context why the reforms underway across many areas of the Bank are really necessary, why we need a new approach to investment lending, to knowledge, to our location and operation as a global bank.
The end of the Third World does not mean that there are no poor countries, or that all countries are equally advantaged. It means the landscape has changed so much that our thinking and behavior must shift. To think of China, India, Brazil, Mexico, Russia, South Africa and Malaysia as developing countries seems anachronistic. Yes they have poverty and challenges, but… “developing”? They play a regional and global role of real significance. They have civil servants, academics and businesspeople as skilled as (and many more skilled than) World Bank staff. Developing just doesn’t capture it.
At a press conference earlier today, World Bank President announced that the Development Committee approved a capital increase, as well as proposed voting reform for the Bank. In his remarks, Mr. Zoellick talked about how these changes will affect the institution, as well as international development on the whole:
"This extra capital can be deployed to create jobs and protect the most vulnerable through investments in infrastructure, small and medium sized enterprises, and safety nets. The change in voting-power helps us better reflect the realities of a new multi-polar global economy where developing countries are now key global players. In a period when multilateral agreements between developed and developing countries have proved elusive, this accord is all the more significant."
A summary of the changes approved by the Development Committee:
- An increase of $86.2 billion in capital for the International Bank for Reconstruction and Development (IBRD).
- A $200 million increase in the capital of the IFC.
- A 3.13 percentage point increase in the voting power of Developing and Transition countries (DTCs) at IBRD, bringing them to 47.19 percent.
- An increase in the voting power of Developing and Transition Countries at IFC to 39.48 percent.
- An agreement to review IBRD and IFC shareholdings every five years with a commitment to equitable voting power between developed countries and DTCs over time.
Even during the busy Spring Meetings here in Washington, my thoughts keep going back to two places I visited this month that lie on either side of the Congo River. I crossed the great river by boat from Brazzaville to Kinshasa, a special journey for many reasons. In Brazzaville, capital of the tiny Republic of Congo, I’d been impressed by the quality of leadership in managing additional financing for one of our projects which addresses HIV/AIDS, and on the other side of the river, I was returning to the Democratic Republic of Congo after a long gap, to find that a health systems rehabilitation project I’d worked on many years ago was in fact thriving and delivering good results.
Today being World Malaria Day, I must register that I saw some extremely useful work going on in Kikimi, a very poor neighborhood near Kinshasa. Our partnership with local NGOs to provide better health services across DRC looks like it’s working well here. Instead of just being shown reports on inputs and equipment, which I’ve found frustrating in the past, this time I met a large number of women who told me about insecticide-treated bed nets they’d received during routine visits to their health center and how useful these nets were to prevent malaria. I saw pharmacy shelves well-stocked with malaria drugs, oral rehydration therapy for diarrhea, and basic antibiotics. The project wasn’t perfect but it was delivering results that I could see with my own eyes.