Most commodity price indexes rebounded in February-March from their January lows on improved market sentiment and a weakening dollar. Still, average prices for the first quarter fell compared to the last quarter of 2015, with energy prices down 21 percent and non-energy prices lower by 2 percent according to the April 2016 Commodity Markets Outlook.
The World Region
more than the 36 percent increase in the global population. Access to energy is fundamental to development, but as economies evolve, rising incomes and growing populations demand more energy. Sustainable Development Goal 7 seeks to ensure access to affordable, reliable, sustainable and modern energy for all and achieving this will require increasing access to electricity, the take-up of clean fuels and renewable energies, and energy efficiency.
Mobility is at the heart of everything we do – education, jobs, health, trade, social and cultural engagements. But mobility is facing critical challenges that need to be confronted urgently if we are to tackle climate change: over one billion more people on our planet by 2030, with greater needs for mobility; the expected doubling of the number of vehicles on the road by 2050; greenhouse gas emissions that represent almost a quarter of total energy-related emissions, and rising under a business as usual scenario; and the additional challenge of connecting one billion people who still lack access to all-weather roads and efficient transport services.
It is clear that countries’ mobility choices today will either lock us into unsustainable scenarios or will open the way for new possibilities.
On April 22 2016, 175 government leaders signed the historic Paris climate agreement, calling for ambitious and urgent action to implement global climate change commitments. On May 5-6 in Washington DC, representatives from government, private sector, civil society, academia and multilateral development banks will gather for the Climate Action 2016 Summit. With more than 70% of countries’ Nationally Determined Contributions (NDCs) mentioning transport, the sector is one of the focus area of this summit.
A framework for Sustainable Mobility
As coordinator of the summit’s transport track, the World Bank is organizing on May 4th a pre-Summit Transport day in collaboration with the World Resource Institute, the Paris Process on Mobility and Climate (PPMC) and the Michelin Bibendum Challenge. The pre-Summit event will focus on the bold actions that are needed not only to decarbonize transport, but also to make it accessible to all, to improve its efficiency, and to ensure its safety.
Image from the 2016 Aid Transparency Index
On April 13, 2016, Publish What You Fund (PWYF) launched the 2016 Aid Transparency Index (ATI), a broadly recognized measure of donors’ aid transparency. We were pleased to see that for the second consecutive year the World Bank (IDA) is in the top (“very good”) category— this year as number 6 on the list, with a score of 86. So, we are among the only 10 donors that, according to PWYF, have lived up to the Busan commitment on aid transparency.
Of course, we are proud of our standing. At the same time, it is worth noting that the ATI to a very high degree measures the publication of machine-readable data in compliance with the International Aid Transparency Initiative (IATI) standard, while other aspects of transparency have hardly any weight in the index.
Transparency is a priority for the World Bank. Since the launch of our Access to Information Policy in 2010 we have not looked back; the just-released World Bank Group Access to Information Annual Report and 5-Year Retrospective makes this clear. The World Bank joined IATI when it was launched in 2008, and we published our first IATI data in 2011, but publication of IATI data is just a small part of our efforts to be an open institution. Detailed information on Bank supported projects, including procurement data, is available from the projects and operations database; we were among the first to map projects; details on financial transactions are available at the portal for open financial data; and the open data platform gives access to thousands of development indicators.
A couple of days ago, my five year old declared that she wanted to be a Super Hero. From wanting to be a little pony a few months ago, she was moving up the role model chain. She, however, was more interested in finding out which monster she would have to fight. Without giving it much thought, I told her that the biggest monster she would have to fight was Climate Change.
she asked, suddenly very interested.
Whatever happened to the idea of getting the most ‘bang for the buck’? No, we don’t mean it in the literal sense of more firepower, as when the Eisenhower administration introduced the term in the 50’s. Nor do we refer to a derivative from the Cannabis plant, contrary to what an Indian colleague adamantly claimed was the origin of the term. We mean it in the unglamorous but important sense of getting the most benefit from the money and efforts spent by the World Bank, on its projects and other client support. Why is this imperative? Every dollar badly spent is a life that wasn’t saved; a child that didn’t receive education; a climate risk that wasn’t properly addressed. Such shortcomings make the Bank’s main targets, poverty eradication and inclusive growth, more difficult to attain.
Source: World Development Indicators and World Health Organization (WHO) Global Health Estimates Note: Causes of death by communicable diseases and maternal, prenatal and nutrition conditions are grouped together by WHO.
As Emi Suzuki wrote last week, the causes and patterns of death rich and poor countires vary and they're changing. But what about the gender dimension?
. Globally, women’s life expectancy remains about 3 years longer than men’s, and you see the data for different countries in the interactive chart below:
According to the World Health Organization, about 85% of the world's children received a measles vaccine by their first birthday in 2014 - up from 73% in 2000. Between 2000 and 2014, measles vaccination prevented an estimated 17.1 million deaths making it one of the "best buys" in public health.
Today, April 22, 2016, marks a key moment for the world with the signing of the historic Paris climate change agreement. A record number of world leaders are expected in New York at the United Nations Headquarters for the high-level signing ceremony.
It’s a clear sign that people recognize that the changing climate is impacting us now – the recent record-breaking temperature, spread of infectious diseases, and climatic conditions, are increasingly alarming and must be dealt with before it’s too late. Now is the time for action and for countries and governments to deliver on their promises made in Paris.
I’ve answered some questions that will better help explain why the signing of the Paris Agreement is critical and how we in the World Bank Group are stepping up our efforts to help countries deliver on their pledges.