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Climate Change

Disaster risk management a top priority on the international stage this week

Joe Leitmann's picture

Photo by Joe Qian / World Bank

How many school children can be endangered by the schools themselves? The answer was over 600,000 in metropolitan Lima alone.
 
In the region, fraught with frequent seismic activity, nearly two-thirds of schools were highly vulnerable to damage by earthquakes. Working with the Peruvian Ministry of Education (MINEDU), the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) conducted a risk assessment that ultimately helped make an estimated 2.5 million children safer and paved the way for a $3.1 billion national risk-reduction strategy.
 
Whether it is building safer schools or deploying early warning systems, disaster risk management is an integral part of caring for our most vulnerable, combating poverty, and protecting development gains.
 
Disaster risk management is a development imperative. Over the last 30 years, the world has lost an estimated $3.8 trillion to natural disasters. Disasters disproportionately affect the poor, threatening to roll back gains in economic and social wellbeing worldwide, and to undo decades of development progress overnight.

When thinking of forests, don’t forget the value of trees

Werner Kornexl's picture
Forest Landscape


Over the past decade, commitments and support for Forest Landscape Restoration have grown significantly. As part of the Bonn Challenge, for instance, some 40 countries, sub-national jurisdictions, and non-governmental entities have now pledged to restore forest landscapes across 148 million hectares.  Although the environmental benefits in terms of ecosystem services, soil restoration, water, biodiversity and climate resilience are evident, the tremendous economic arguments and the value proposition for poor people living in, or nearby, the forests, are not always at the forefront of the efforts to restore landscapes.
 
In fact, some 1.3 billion people around the world depend on forests for their livelihood—that is 20% of the global population. This includes income from the sale of trees and tree-related products. It also includes the value of fruit, fodder, medicines, and other direct or indirect products that they consume. However, the restoration of forest landscape at a global scale needs a new vision for an integrated forest economy which appreciates and understands forests along their entire value chain. Thus it is crucial to see forest landscape restoration efforts as much more than just protecting forests, but as a force for economic growth and poverty reduction.

Why solutions for young people, need to be by young people

Noreyana Fernando's picture
Also available in: Español | Français
 Nafise Motlaq / World Bank.
Statistics about young people today are alarming. A group of global leaders meeting at the World Bank agreed that youth should be given a role in finding solutions to these statistics. (Photo: Nafise Motlaq / World Bank)


Growing up in a developing country, I remember having some naive but clever solutions to the inequalities in and around my life. I had barely settled into my new teenage shoes, but I was already making indignant inquiries from my parents: “Why can’t we just fix everything for everyone?”

Ten years later — now blessed with a quality education and some work experience — those ideas today are likely less naive (and, I would hope, a little more clever). 

But where should I be vocalizing such ideas? The answer: In boardrooms, government buildings and high-level policy meetings. That is according to a group of global leaders who met at the World Bank Spring Meetings in April. 

Transforming floodplains into farmlands in Zambia

Iretomiwa Olatunji's picture

© World Bank

When I met Esther Nyambe, she was dressed in a vibrant swirl of brown, green and violet and was pedaling a water pump. Nyambe heads a community organization in Mbeta Island, where women are taking the lead to improve access to safe water and diversify their income through climate-smart farming.

Mbeta Island is surrounded by the Zambezi River and faces increasingly unpredictable floods. Climate change is a reality in this landlocked country where more than half of the population lives in poverty. The island has seen floods that can turn communities into swamps.

Transformative investments shape Vietnam’s economic rise

Kristalina Georgieva's picture
Watch Video


I was in Vietnam last month and I was so impressed by the tremendous progress the country has made compared to what I had seen 17 years earlier.

In 2000, the Nhieu Loc–Thi Nghe canal in Ho Chi Minh City’s central business district was so polluted that it posed a health risk to everyone living and working there. How times have changed. The canal’s water is now clear, contributing to a greener and healthier urban living for 1.2 million people in the rapidly expanding metropolis.

Partners in Prediction: How international collaboration has changed the landscape of hydromet

Vladimir Tsirkunov's picture

© Flickr

Intense drought can devastate a country. Severe flooding can be catastrophic. Dealing with both at the same time? That’s just another day for too many countries around the world that struggle to accurately predict weather- and climate-related disasters while simultaneously dealing with their effects.
 
Today, World Meteorological Day recognizes the benefits of accurate forecasting and improved delivery of hydromet services for the safety of lives and economies. Hydrological and meteorological (or “hydromet”) hazards – weather, water, and climate extremes – are responsible for 90 percent of total disaster losses worldwide. Getting accurate, timely predictions of these hazards into the hands of decision-makers and the public can save lives, while generating at least three dollars’ worth of socio-economic benefits for every one dollar invested in weather and climate services – a win-win. But less than 15 years ago, even the small amount of hydromet investment that existed was fragmented, with little hope of producing sustainable results. 

Envisioning the global financial system in a decade

Gloria M. Grandolini's picture
Also available in: العربية | Español | 中文


4 unprecedented disruptions to the global financial system


Climate change, migration, correspondent banking and cybercrime are putting unprecedented and unforeseen pressures on global financial markets.

They aren’t just disrupting the global financial system, but also affect how we approach international development work.

Let’s examine each trend:
  1. “Greening the financial sector” is the new buzz term to finance a transition toward a climate-resilient economy and to help combat climate change. This topic is now getting a lot of attention from the G20 to the Financial Stability Board. The international community is trying to understand what this transition will imply: how resilient the financial sector is to deal with risks stemming from climate change, and how efficiently the financial sector can allocate financial resources. What we know is that currently fossil fuel subsidies and a lack of carbon tax are hindering the market from shifting financial resources from brown to green.
  2. Globally, an estimated 65 million people are forcibly displaced. Migration, resettlement or displacement, of course, impact where and how to channel aid to those in need. But more importantly, as displaced people settle down -- no matter how temporary or long-term -- to become self-sufficient and thrive, they will need to establish new financial relations. This can be for simple transactions such as receiving aid through payment cards (as opposed to cash) or for sending remittances. Or it can be for something more complex as getting a loan to start a business.
  3. At the same time, as the global banking industry is tightening regulations, large banks are withdrawing from correspondent banking and shutting down commercially unsustainable business lines. This recent phenomenon can have a huge impact in some regions on SMEs and on money transfer operators, which largely handle remittances.
  4. Cybercrime is no longer a sci-fi thriller plot, but a tangible potential risk to both national and international financial markets. The focus on cybersecurity risk has increased along with the proliferation of internet and information technology. Fintech is transforming the financial industry -- by extending access to financial services to people and small- and medium-sized enterprises (SMEs) previously left out of the formal financial system – but is also raising many questions, including concerns about cybersecurity. The same technology advancements that are propelling fintech are also addressing cybersecurity risk. However, there is a need to develop an appropriate regulatory framework in combination with industry best practices. This framework is evolving and regulators are grappling with how and when to regulate.

2016 in Review: Your favorite social media content

Mario Trubiano's picture
Also available in: العربية | Español | Français

Another year has passed, and as we do each year-end, here’s a rundown of what content resonated most with you on World Bank social media in 2016.

Four World Bank Facebook posts you cared about most

Some of our most popular and engaging content on Facebook in 2016 was, not surprisingly, multimedia. Check out these posts that made the biggest impact with you in the last year.

On October 17 – now recognized as End Poverty Day – Bangladeshi singer Habib Wahid unveiled a new song singing the praises of his country’s rapid progress in reducing poverty and building a prosperous society. Check out the video, and remember why you poured out your approval with more than 161,000 views, 65,000 reactions, and 4,600 shares!

 


Year in Review: 2016 in 12 Charts (and a video)

Tariq Khokhar's picture
Also available in: Español | Français | العربية | 中文

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.

At the start of 2016, 65 million people had been forcibly displaced from their homes, 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 "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.


Invigorating Africa’s climate resilient ocean economies

Benoît Bosquet's picture
Also available in: Français | العربية

© Andrea Borgarello for World Bank/TerrAfrica

We are all too aware that difficult times lie ahead for coastal communities.
 
Coastal erosion, especially in West Africa, has already displaced communities, with economic losses costing about 2.3% of GDP in Togo alone. In the past 60 years, sea temperatures in the Western Indian Ocean increased 0.6 C, triggering mass coral bleaching and deadly climate-related disasters across the region. The economic cost of the 1998 coral bleaching event to Zanzibar and Mombasa was in the tens of millions of dollars. The natural cost is still unknown. 

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