In 1999, the state of Odisha, India, was hit by the most powerful tropical cyclone ever recorded in the North Indian Ocean, causing nearly 10,000 fatalities and US$5 billion in damages. For the next decade, the government of Odisha and partners worked to identify and mitigate cyclone risk. When the similarly intense Cyclone Phailin struck Odisha in October 2013, the region counted 99.6% fewer deaths.
We cannot prevent a monsoon or cyclone from striking – and as population growth, urbanization, and climate change are on the rise, the frequency and impact of natural disasters will increase. But with innovation, collaboration and a better understanding of risk, we can build communities that are more resilient to natural hazards.
The private sector has long been a critical partner for the World Bank Group, providing necessary goods and services to countries in need while stimulating economies by creating new jobs.
Business has benefited from World Bank Group-financed contracts and the enhanced image and credibility that come from working on projects that help the greater good.
What should be a mutually beneficial relationship can quickly sour when corruption enters the picture. The World Bank Group's online list of debarred firms, currently at 634 entities, makes clear exactly which firms have run afoul of its policies. The list amounts to "naming and shaming," much to the chagrin of those firms and the countries in which they are headquartered — countries which are members of the World Bank Group.
This time, things were different. We became real players in the public discussion about mitigating climate change in Central Asia.
The forum in question -- the second Central Asia Climate Knowledge Forum: Moving towards Regional Climate Resilience – was organized by the World Bank Group in Almaty in May, and brought together about 200 participants from nearly all institutions interested or involved in this problem -- including top officials of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, and donors. Around 30 civil society representatives from the Central Asian countries also attended the event. NGOs were represented more solidly at the second forum compared to the first.
”Focus on the journey, not the destination,” was our guiding principle.
A major World Bank Group report this week found that growth is stagnating in developing countries. It’s projected to be below 5 percent for the third straight year. That’s too modest to create the kind of jobs we need to improve the lives of the poorest people around the world.
If this trend continues, it will have long-term negative implications on developing countries, including the loss of an historic opportunity to end extreme poverty in the next generation. Millions of people around the world have been able to escape poverty over the last few decades largely because of high economic growth in developing countries.
The Lebanese are generous people – that was clear to me when I visited an elementary school in Beirut attended by many Syrian children who fled their war-torn nation with their parents. The children greeted me warmly and told me that Lebanon was very similar to Syria, but that they really missed their homes. It’s inspiring to see how the Lebanese have opened up their doors, their schools, their health clinics, and their communities for more than 1 million Syrian refugees.
Laura Tuck, Vice President for the Europe and Central Asia region of the World Bank, discusses her recent trip to Albania, during which she had broad ranging discussions with the government and other partners on the country's growth and development.
Ellen Goldstein, The World Bank's Regional Director for Eastern Europe, talks about the Bank's response to devastating floods in Bosnia and Herzegovina.
There’s been a lot of talk about food riots in the wake of the international food price hikes in 2007. Given the deaths and injuries caused by many of these episodes, this attention is fully justified. It is quite likely that we will experience more food riots in the foreseeable future—that is, if the world continues to have high and volatile food prices. We cannot expect food riots to disappear in a world in which unpredictable weather is on the rise; panic trade interventions are a relatively easy option for troubled governments under pressure; and food-related humanitarian disasters continue to occur.
In today’s world, food price shocks have repeatedly led to spontaneous—typically urban—sociopolitical instability. Yet, not all violent episodes are spontaneous: for example, long-term and growing competition over land and water are also known to cause unrest. If we add poverty and rampant disparities, preexisting grievances, and lack of adequate social safety nets, we end up with a mix that closely links food insecurity and conflict. The list of these types of violent episodes is certainly long: you can find examples in countries such as Argentina, Cameroon, Pakistan, Somalia, Sudan, and Tunisia showcased in May’s Food Price Watch.