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A boat trip from Port Elizabeth to Kingstown, in the Caribbean country of Saint Vincent and the Grenadines, is a one-hour trip that locals take several times a day. It was during one of these journeys that the boat of Kamara Jerome, a young Vincentian fisherman, ran out of gas six miles from Bequia City in what is termed locally as the "Bequia Channel." While waiting for help with strong wind gusts and the sun on his head, the idea of developing a boat that would run with wind and solar energy was born. Soon after, the idea became a prototype; a boat using green technology was on the water making 20-year-old Jerome a winner of international innovation competitions and a role model to other Caribbean youth. 
 
In Mexico, young engineer Daniel Gomez runs a multimillion bio-diesel company originally conceived as a research project for his high school chemistry class. Gomez and his partners - Guillermo Colunga, Antonio Lopez, and Mauricio Pareja - founded SOLBEN (Solutions in bio-energy in Spanish) in their early twenties. 
 
Although Daniel and Kamara have different educational backgrounds, they do share one important skill, the ability to identify a problem, develop an innovative solution, and take it to the market. In other words, being an entrepreneur, an alternative to be economically active, that seems to work and not only for a few.

Unleashing the power of women entrepreneurs around the world: The smartest investment to unlock global growth

Jin-Yong Cai's picture
Jacqueline Mavinga, entrepreneur, Democratic Republic of Congo.  © John McNally/World Bank Group


​Since childhood, Gircilene Gilca de Castro dreamed of owning her own business, but struggled to get it off the ground. Her fledgling food service company in Brazil had only two employees and one client when she realized she needed deeper knowledge about what it takes to grow a business. To take her business to that next level, she found the right education and mentoring opportunities and accessed new business and management tools.

Global Financing Facility and a new era for development finance

Tim Evans's picture



This week at the Third International Financing for Development Conference in Addis Ababa, we’ve seen the birth of a new era in global health financing.
 
The World Bank Group, together with our partners in the United Nations, Canada, Norway, and the United States, just launched the Global Financing Facility in support of Every Woman Every Child.  It’s hard to believe it’s been less than 10 months since the GFF was first announced at the 2014 UN General Assembly by World Bank Group President Jim Yong Kim, UN Secretary-General Ban Ki-moon, Prime Minister Stephen Harper of Canada and Prime Minister Erna Solberg of Norway.  We’re grateful to the hundreds of representatives from developing countries, UN agencies, bilateral and multilateral development partners, civil society and the private sector who have contributed their time, ideas, and expertise to inform and shape the design of the GFF to get it ready to become operational.   

Global Financing Facility ushers in new era for every woman, every child

Melanie Mayhew's picture
A New Era for Every Woman, Every Child


This week in Addis Ababa, Ethiopia, during the Third International Financing for Development Conference, the United Nations, along with the World Bank Group, and the governments of Canada, Norway and the United States, joined country and global health leaders to launch the Global Financing Facility (GFF) in support of Every Woman Every Child. Partners announced that $12 billion in domestic and international, private and public funding had already been aligned to country-led five-year investment plans for women’s, children’s and adolescents’ health in the four GFF front-runner countries: Democratic Republic of the Congo, Ethiopia, Kenya and Tanzania.

Actions speak louder than words: Opportunities abound for forests in combating climate change

Ellysar Baroudy's picture
Franka Braun/World Bank


Over the past several weeks, we have made headway in our efforts to reduce deforestation and promote sustainable land use as part of a broader World Bank Group approach to combat climate change. Partnering with the Forest Carbon Partnership Facility (FCPF), the Democratic Republic of Congo has taken a major step by assessing its readiness for a large-scale initiative in which developing forested countries keep their forests standing and developed countries pay for the carbon that is not released into the atmosphere. Likewise, other countries in the 47-country FCPF partnership are making strides in their efforts to prepare for programs that mitigate greenhouse gas emission and support sustainable forest landscapes.

This approach is also known as REDD+, or reducing emissions from deforestation and forest degradation. Active REDD+ programs can help reduce the 20 percent of carbon emissions that come from forest loss and simultaneously provide support to the 60 million people, including indigenous communities, who are wholly dependent on forests.

How forensic intelligence helps combat illegal wildlife trade

Samuel Wasser's picture
 Diana Robinson / Creative Commons Over the past decade, illegal poaching of wildlife has quickly caught up to habitat destruction as a leading cause of wildlife loss in many countries.
 
Poaching African elephants for ivory provides a case in point. Elephant poaching has sharply increased since 2006. We may now be losing up to 50,000 elephants per year with only 450,000 elephants remaining in Africa.  In short, we are running out of time and unless we can stop the killing, we will surely lose the battle. Decreasing demand for ivory is vital over the long term, but the scale of current elephant losses makes this strategy too slow to save elephants by itself. The ecological, economic and security consequences from the loss of this keystone species will be quite severe and potentially irreversible. 

Gender-smart development starts with the right questions (Pt. 2 of 2)

Steven R. Dimitriyev's picture
See Pt. 1: Gender-smart development starts with the right questions

We had great difficulty finding any married female business owners—and learned that under national laws, a married woman couldn’t register a company, open a bank account, operate a business, or own property without the prior written consent of her husband.

Gender-smart development starts with the right questions (Pt. 1 of 2)

Steven R. Dimitriyev's picture
WASHINGTON, May 14, 2015—Six hundred million jobs. That’s what the world must generate over the next decade just to keep up with population growth. And that’s not even counting the 200 million or in developing countries who are jobless now, and the millions more, mainly women, who are either underemployed or shut out of the workforce entirely.

Most of these new jobs will come from the private sector, so private entrepreneurship solves part of the problem. But unleashing the untapped productivity of female entrepreneurs will be essential.

Why we have to #Get2Equal

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Also available in Bahasa Indonesia

Women are emerging as a major force for change. Countries that have invested in girls’ education and removed legal barriers that prevent women from achieving their potential are now seeing the benefits.

Let’s take Latin America. More than 70 million women have joined the labor force in recent years. Two-thirds of the increase in women’s labor force participation in the last two decades can be attributed to more education and the fact that women marry later and have fewer children. As a result, between 2000 and 2010, women's earnings contributed to about 30% of the reduction in extreme poverty in the region.
 
Women are often paid far less than men, while they also perform most
of the world’s unpaid care work. © Mariana Ceratti/World Bank

In fact, for countries to leave poverty behind, both men and women need to get to equal and push the frontiers of equal opportunities even further. But to get there, we need to tackle three issues.

First, violence against women needs to end. More than 700 million women worldwide are estimated to have been subject to violence at the hands of a husband or partner. Domestic violence comes with great cost to individuals but also has significant impact on families, communities, and economies. Its negative impact on productivity costs Chile up to 2% of its GDP and Brazil 1.2%. 

Many girls and women have little control over their sexual and reproductive health: If current trends persist, more than 142 million girls will be married off over the next decade while they are still children themselves.


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