Today is “End Poverty Day.” This is an important marker in the fight to end extreme poverty by 2030—a time for us to renew our collective commitment to do more and better to end poverty, and reflect on what the global community has accomplished together.
Since 1960, the International Development Association, IDA, has stood at the frontlines of our work in the poorest countries. IDA investments help spur greater stability and progress around the world by preventing conflict and violence, generating private sector investment, creating jobs and economic growth, preventing the worst effects of climate change, and promoting gender equality and good governance.
—through the creation of jobs, access to schools, health facilities, social safety nets, roads, electricity, and more. Our most recent results show quite simply that IDA works. For example, from 2011-17, IDA helped more than 600 million people receive essential health services, 30 million pregnant women receive prenatal care from a health provider, recruit 8 million teachers, and immunize a quarter of a billion children.
These days, it’s rare to open a newspaper (or scroll through a blog) without reading about a disaster striking somewhere in the world. Often, these disasters affect the very same countries that we support in our projects every day at the World Bank, and we watch helplessly as decades of development progress are erased within minutes, hours, or days. Disasters cause substantial losses in every country the World Bank operates in. It is truly not a question of if, but when, the next disaster will strike.
It’s important, then, that when we, along with our private-sector and government partners, always ask, “are our projects resilient to cyclone? What about extreme heat, or volcanic eruptions? In 50 years, will this project still be protected from increasing instances of flooding, landslides, and drought?”
Last week on World Population Day, I was thinking of the joy of children and the right of women to decide when to have them. It matters to women, but it matters to society as a whole. There can be no sustainable development without women’s empowerment, and there can be no women’s empowerment without access to comprehensive maternal and reproductive health services. Family planning is part of them.
The recent UN declaration of famine in parts of South Sudan, the world's first famine since 2011, raised global alarm that at least 100,000 people are at immediate risk of starvation.
Adding to the troubling news, the U.N. estimates that about 20 million people are at a "tipping point," as famine stalks not only South Sudan, but Nigeria, Somalia, and Yemen. Crises like these, affecting some of the world's poorest and most vulnerable populations, require the urgent attention of global development agencies and their partners to meet both short- and long-term development needs.
Between the social, political, and economic upheavals affecting our lives, and the violence and forced displacement making headlines, you’d be forgiven for feeling gloomy about 2016. A look at the data reveals some of the challenges we face but also the progress we’ve made toward a more peaceful, prosperous, and sustainable future. Here are 12 charts that help tell the stories of the year.
1.The number of refugees in the world increased.
Forcibly Displaced" offers a new perspective on the role of development in helping refugees, internally displaced persons and host communities, working together with humanitarian partners. Among the initiatives is new financial assistance for countries such as Lebanon and Jordan that host large numbers of refugees., up from 60 million the year before. More than 21 million were classified as refugees. Outside of Sub-Saharan Africa, most refugees live in cities and towns, where they seek safety, better access to services, and job opportunities. A recent report on the "
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I recently watched a remarkable work of art take shape. A mural depicting the story of the IDA, the World Bank’s fund for the poorest, brings to life the many transformative changes the world has seen since IDA’s founding in 1960. The “green revolution” staved off widespread famine in South Asia in the 1970s. The Montreal Protocol protected the world’s ozone layer. Haiti rebuilt its homes and schools following a devastating earthquake.
Since natural disasters can strike anywhere and anytime, making far-sighted preparations is much more effective than scrambling to respond to a crisis. I recognized this after Hurricane Mitch ravaged Honduras and my grandmother had to be evacuated because the local river swelled to the second floor of her home.
As climate change intensifies extreme weather events across much of the planet, countries are seeking the World Bank Group’s support to improve both their physical and financial resilience to disasters.
We are increasingly working with governments to devise sound financial planning and risk management before a disaster strikes, not just to assemble financing to help countries recover in its wake.
Market-based instruments – such as insurance -- can act as shock absorbers in case of natural disaster, helping countries avoid the worst of a crisis’ financial impact.
Is it hot outside? Should I bring an umbrella?
Most of us don’t think much beyond these questions when we check the weather report on a typical day. But weather information plays a much more critical role than providing intel on whether to take an umbrella or use sunscreen. It can help manage the effects of climate change, prevent economic losses and save lives when extreme weather hits.
Daw Aung San Suu Kyi, state counselor of Myanmar and Nobel Peace Prize winner, told representatives from governments rich and poor at a meeting this week in Myanmar that reducing poverty and ensuring that everyone benefits from economic growth calls for a deep focus on addressing the challenges of fragility and conflict, climate change, gender equality, job creation, and good governance.
Suu Kyi was speaking at the opening session of a meeting of the International Development Association (IDA), the World Bank’s fund for the poorest, where donors, borrower representatives and World Bank Group leadership are brainstorming ways to achieve these goals. She said that Myanmar’s real riches are its people, and they need to be nurtured in the right way.
For the first time in history, the proportion of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the Sustainable Development Goals and signing the Paris climate deal at the end of 2015, the global community is now looking into the best and most effective ways of reaching these milestones. In this five-part series, I will discuss what the World Bank Group is doing and what we are planning to do in key areas that are critical for ending poverty by 2030: good governance, gender equality, conflict and fragility, preventing and adapting to climate change, and, finally, creating jobs.
Good jobs are the surest pathway out of poverty. Research shows that rising wages account for 30 to 50% of the drop in poverty over the last decade. But today, more than 200 million people worldwide are unemployed and looking for work — and many of them are young and/or female. A staggering 2 billion adults, mostly women, remain outside the workforce altogether. In addition, too many people are working in low-paying, low-skilled jobs that contribute little to economic growth. Therefore, to end poverty and promote shared prosperity, we will need not just more jobs, but better jobs that employ workers from all walks of society.
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