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sustainable development goals

The forgotten dimension of the SDG indicators – Social Capital

Jos Verbeek's picture

The 2030 Agenda for Sustainable Development rightfully points out that sustainability has three dimensions: economic, environmental, and social. The first two are well understood and well measured.
 
Economic sustainability has a whole strand of literature and the World Bank and IMF devote a lot of attention to debt and fiscal sustainability in their reports. Just open any Article 4 consultation or any public expenditure review and you will find some form of fiscal or debt sustainability analysis.
 
The same can be said about environmental sustainability. Since Cancun (COP16), countries prepare National Adaptation Plans, and since COP 21, they have prepared Nationally Determined Contributions (NDCs) which focus on domestic mitigation measures to address climate change. 

Que papel devem ter os bancos de desenvolvimento?

Ceyla Pazarbasioglu's picture
Also available in: English | العربية | Español | Français



Em todo o mundo, bancos de desenvolvimento estão avaliando sua atuação e observando onde esses esforços têm mais impacto. O tema foi objeto de uma reunião organizada pelo Banco Mundial e pelo Banco Nacional de Desenvolvimento Econômico e Social (BNDES).

Os bancos de desenvolvimento se tornam peças cada vez mais fundamentais à medida que o mundo busca angariar os recursos necessários para atingir os Objetivos de Desenvolvimento Sustentável. Esses bancos podem ajudar a atrair o setor privado e solidificar as parcerias entre os setores público e privado, principalmente em matéria de financiamento de infraestrutura.

No entanto, o uso abusivo de bancos de desenvolvimento pode gerar riscos fiscais e distorções no mercado de crédito. Para evitar essas armadilhas, os bancos de desenvolvimento precisam de uma missão bem definida e devem operar sem influência política, concentrar-se no combate às grandes falhas de mercado, focar as áreas onde o setor privado não atua, monitorar e avaliar intervenções e realizar os ajustes necessários para garantir o impacto almejado. Também precisam ser transparentes e responsáveis.

A new role for development banks?

Ceyla Pazarbasioglu's picture
Also available in: العربية | Español | Português | Français



Earlier this month, development banks from around the world took stock of where they stand and where they see their efforts having the greatest impact at a meeting organized by the World Bank and Brazil’s development bank, BNDES.

As the world struggles to find funds to meet the Sustainable Development Goals, development banks can be instrumental in narrowing that gap. They can help to crowd-in the private sector and anchor private-public sector partnerships, particularly for infrastructure financing.

However, misusing development banks can lead to fiscal risks and credit market distortions. To avoid these potential pitfalls, development banks need a well-defined mandate, operate without political influence, focus on addressing significant market failures, concentrate on areas where the private sector is not present, monitor and evaluate interventions and adjust as necessary to ensure impact, and, finally, be transparent and accountable.

Two themes characterized the discussion at the meeting: how to leverage private capital and create new markets. To support Small and Medium Enterprises (SME) finance, development banks use partial credit guarantees while letting private lenders originate, fund, and collect on credit. In markets with limited competition, development banks support the creation of an ecosystem of specialized Micro, Small, and Medium Enterprises (MSME) lenders to which they provide a stable funding source. 

One year on, the SDGs provide reason for hope

Paula Caballero's picture
Also available in: Español | Français | العربية
Photo credit: UN Photo/Cia Pak



With the adoption of a universal development agenda and growing commitments to fight climate change from all corners, 2015 will be remembered as a high water mark for international cooperation. Almost a year later, when the news is dominated by violence and nationalism, it’s tempting to give in to pessimism about global trends. But I find reason to hope when I see the implementation of the Sustainable Development Goals (SDGs) gaining traction.

The SDGs were the result of the most collaborative and inclusive process in UN history and signal a very real shift in the way people think about tackling development challenges to deliver a viable future for both the planet and its people. There is growing understanding that the two are indelibly linked.

Evidence for better-informed decisions and more inclusive policies

Simona Palummo's picture
 Arne Hoel/World Bank
Photo: Arne Hoel/World Bank
Why do we need evidence?
 
The sustainable development agenda adopted by world leaders in September 2015 set a series of ambitious goals to end poverty, ensure equal economic growth, and tackle climate change by 2030. Rising inequalities, especially in developing countries, remind us that if we want to achieve these goals, we need more inclusive policies which consider the needs of the most vulnerable and disadvantaged populations.
 
Policymakers are constantly trying to identify better solutions to address global challenges, and that implies considering different policy options, and making a choice that can benefit each group of the population, which sometimes is extremely difficult. Even well-designed policies might have adverse impacts, particularly on the poor and the most socially excluded groups. That is why we need evidence to support better policy decisions, and that’s when Poverty and Social Impact Analysis (PSIA) gets in the picture. What is exactly PSIA? The World Bank defines it as “an approach to assess the distributional and social impacts of policy reforms on the well-being of different groups of the population, in particular the poor and vulnerable.”

Finding the missing millions can help achieve the Sustainable Development Goals

Mahmoud Mohieldin's picture
Students in Bangladesh. © Scott Wallace/World Bank


The 2030 Agenda for Sustainable Development, approved in September, takes a holistic approach to development and presents no fewer than 17 global Sustainable Development Goals (SDGs). In committing to the goals and associated targets, the international community has agreed to a more ambitious development compact — that of ending poverty, protecting the planet while "leaving no one behind".

Despite this ambition, we may not know who precisely is being left out of our development programs or how to more effectively target our intended beneficiaries.

Trajectories for the sustainable development goals

Mahmoud Mohieldin's picture

At the UN Sustainable Development Summit, in September 2015, the leaders of 193 member states of the United Nations formally adopted an ambitious agenda for sustainable development for the next 15 years. The 2030 Agenda embeds the Sustainable Development Goals (SDGs), comprising 17 goals and 169 targets. These goals and targets cover economic, social, and environmental dimensions of development, offering a comprehensive view of what is needed for sustainable human well-being.

Global learning about financing development – MOOC available

Bertrand Badré's picture
Also available in: Français | Español | العربية | 中文


​As previous readers know, I am a strong believer in the critical role the private sector has to play in financing the recently adopted Sustainable Development Goals (SDGs). This new global framework with its ambitious post-2015 development agenda will need a different magnitude of financing, one that will surpass the current capacities of governments and international donors. I have highlighted, in previous posts, the need to leverage the “billions” in Official Development Assistance (ODA) to attract and mobilize “trillions” in investments of all kinds: public and private, national and global, in both capital and capacity.

Get smarter: A world of development data in your pocket!

Nagaraja Rao Harshadeep's picture
Many dinner conversations and friendly debates proceed in a data vacuum: “The problem is big… very big!” How big exactly? Most likely your friend has no idea. 

It is often said that we live in a new data age. Institutions such as the Bank, UN agencies, NASA, ESA, universities and others have deluged us with an overwhelming amount of new data obtained painstakingly from countries and surveys or observed by the increasing number of eyes in the sky. We have modern tools such as mobile phones that are more powerful than old mainframes I used to use in my university days. You can be in rural Malawi and still have access to decent 3G data networks.
 
Open data for sustainable development

Long-term finance for infrastructure essential to ending poverty

Bertrand Badré's picture
Also available in: Français
A worker at a power substation in Kabul, Afghanistan. © Graham Crouch/World Bank


​Fifteen years from now, will you remember where you were when the UN General Assembly adopted the Sustainable Development Goals (SDGs)?

Friday, September 25, 2015 may not be one of those days that the general public will remark on, but it is a milestone in development history. The SDGs set a new and ambitious agenda that we at the World Bank Group, together with our partners, will work to achieve along with our own goals of ending poverty and boosting shared prosperity by 2030.

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