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Innovation drives Seychelles blue economy approach

Maria Damanaki's picture
Also available in: Français
© The Ocean Agency
© The Ocean Agency


Our oceans provide everything from food for billions around the world, to protecting communities and economies from storms—bringing it at least $1.5 trillion to the global economy every year. But they also face a barrage of threats, from marine pollution and dwindling fish stocks, to the dramatic effect of climate change on coastal communities. Such challenges require new ways of thinking and innovative financing tools that address both the health and economic wealth of our oceans.
 
Seychelles is a good example of a country that is going beyond business as usual when it comes to preserving its natural assets. In 2016, the Seychelles completed an innovative debt-for-nature conversion with The Nature Conservancy. This deal raised funding to buy $21 million of Seychelles’ sovereign debt to refinance it under more favorable terms, and then direct a portion of repayments to fund climate change adaptation, sustainable fisheries, and marine conservation projects – as well as to create an endowment for the benefit of future generations of Seychellois.

Let’s work together to prevent violence and protect the vulnerable against fragility

Franck Bousquet's picture
Also available in: Français | العربية | Español
Participants from 90 countries and 400 organizations joined the 2018 Fragility Forum to explore development, humanitarian and security approaches to fostering global peace and stability. © World Bank
Participants from 90 countries and 400 organizations joined the 2018 Fragility Forum to explore development, humanitarian and security approaches to fostering global peace and stability. © World Bank


Last week, in a gathering of governments and organizations at the World Bank-hosted 2018 Fragility Forum, the international community took an important step forward in fighting fragility by sharpening our understanding of it, hearing directly from those affected by it and thinking collectively through what we must do to overcome it.

We all agreed, acting on a renewed understanding of fragility and what it means to vulnerable communities represents an urgent and collective responsibility. We’ve all seen the suffering. In places like Syria, Myanmar, Yemen and South Sudan, the loss of life, dignity and economic prosperity is rife. With more than half of the world’s poor expected to live in fragile settings by 2030, we can’t end poverty unless we promote stability, prosperity, and peace in these places ravaged by conflict and crisis.

To close the gap in women’s land rights, we need to do a better job of measuring it

M. Mercedes Stickler's picture
Also available in: Français
A woman holding her land certificate in rural Zambia. © Jeremy Green
A woman holding her land certificate in rural Zambia. © Jeremy Green

There is broad global agreement that secure property rights help eradicate poverty and that securing women’s land rights reduces gender inequality. But our understanding remains strikingly limited when it comes to the extent to which women’s land rights are – or are not – secure and the impact of women’s tenure security (or lack thereof) on women’s empowerment.

This is true even in Africa, where the most studies have been published, due to shortcomings in both the quality and quantity of research on these questions.

How improving fisheries' governance in West Africa improves fishermen’s livelihoods

Stephen Akester's picture
© Stephen Akester/World Bank
© Stephen Akester/World Bank

I first met Solomon in the early 1980s on Sierra Leone’s Plantain Island, when he volunteered his canoe for a trial program modernizing sails to reduce dependence on petrol for outboard engines. Solomon soon became my friend, and I followed his fortunes and struggles as a fisherman working on Yawri Bay.

Solomon died before he could see the positive outcomes in sustainable fisheries management in West Africa. I especially wish he could have reveled in recent reduction in illegal fishing and large scale industrial trawlers that had taken away his livelihood. Instead, the narrative of his life captures the harsh existence of fishing communities and the added burdens they have had to bear as successive governments failed to manage the once limitless fishing on which they depend. 

The 2018 Fragility Forum: Managing risks for peace and stability

Franck Bousquet's picture
Also available in: العربية | Français | Español
© Caroline Gluck/Oxfam


In just under two weeks, about 1,000 people will gather in Washington D.C. for the 2018 Fragility Forum. Policy makers from developed and developing countries, practitioners from humanitarian agencies, development institutions and the peace and security communities, academics and representatives of the private sector will come together with the goal of increasing our collective impact in countries affected by fragility, conflict and violence (FCV).
 
The theme of the Forum, Managing Risks for Peace and Stability, reflects a strategic shift in how the global community addresses FCV – among other ways by putting prevention first. This renewed approach is laid out in an upcoming study done jointly by the World Bank and United Nations: Pathways for Peace: Inclusive Approaches to Preventing Violent Conflict. The study says the world must refocus its attention on prevention as a means to achieving peace. The key, according to the authors, is to identify risks early and to work closely with governments to improve response to these risks and reinforce inclusion.

In Senegal, a call to invest in people and the planet

Jim Yong Kim's picture
Also available in: Français | Español | العربية


For three days this month, the West African nation of Senegal was in the spotlight of global efforts to combat climate change and improve education in a rapidly changing world.

French President Emmanuel Macron and Senegal’s President Macky Sall co-hosted a conference in Dakar to replenish the Global Partnership for Education (GPE) – a funding platform to help low-income countries increase the number of children who are both in school and learning.

African leaders and partners stepped up to announce their commitment to provide an education that prepares children to compete in the economy of the future and advances socio-economic progress.

Heads of state from across the continent described their challenges—including terrorism, insecurity, the influx of refugee children who need an education, the strain on national budgets, and the cultural bias against educating girls.

Using adaptive social protection to cope with crisis and build resilience

Michal Rutkowski's picture
Also available in: العربية | Français | Español
In a world increasingly filled with risk, social protection systems help individuals and families cope with civil war, natural disaster, displacement, and other shocks. ©
 Farhana Asnap/World Bank


Crisis is becoming a new normal in the world today. Over the past 30 years, the world has lost more than 2.5 million people and almost $4 trillion to natural disasters. In 2017 alone, adverse natural events resulted in global losses of about $330 billion, making last year the costliest ever in terms of global weather-related disasters. Climate change, demographic shifts, and other global trends may also create fragility risks. Currently, conflicts drive 80 percent of all humanitarian needs and the share of the extreme poor living in conflict-affected situations is expected to rise to more than 60 percent by 2030.

Edutainment changes the way we do development

Arianna Legovini's picture
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Improving people’s lives is more than offering services. It requires people to be active participants in development, demanding services and products that add value to their lives and engaging in behaviors that are conducive to increasing their own welfare. Health prevention is a case in point.

At our HIV Impact Evaluation Workshop in Cape Town, South Africa in 2009, I listened to Nancy Padian, a medical researcher at the Women’s Global Health Imperative, presenting a systematic review of random control trials testing the effectiveness of HIV prevention campaigns.

The study she presented explained how three dozen HIV prevention campaigns had failed to change sexual behavior and reduce HIV incidence.

The presentation gave us pause. The review dismissed the communication campaigns as an ineffective means to change behavior and slow down the HIV epidemic.

A closer look revealed that the campaigns lacked inspiring narratives, and were communicated through outdated and uninteresting outlets such as billboards and leaflets.

The question we asked ourselves was: Can we do this differently?

Maximizing finance for development works

Hartwig Schafer's picture
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People in Saint-Louis, Senegal. © Ibrahima BA Sané/World Bank
People in Saint-Louis, Senegal. © Ibrahima BA Sané/World Bank


Massive investment is needed to meet the ambitious goal of ending extreme poverty and boosting shared prosperity by 2030. By some estimates it could cost as much as $4.5 trillion a year to meet the Sustainable Development Goals (SDGs), and obviously, we will not get there solely with public finance. And there’s the rub: Countries will only meet the SDGs and improve the lives of their citizens if they raise more domestic revenues and attract more private financing and private solutions to complement and leverage public funds and official development assistance. This approach is called maximizing finance for development, or MFD.

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