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MDGs and Beyond 2015

How to finance development: Six ideas from young leaders

Martin Sterlicchi's picture
Young women look at their mobile phones during a community meeting in India. © Simone D. McCourtie/World Bank


Juancito is from a small town in rural Peru. He wakes up every day at 5 a.m. to walk two hours to get to school. One day, he fell and twisted his ankle, but because the nearest health clinic is three hours away, his teacher had to fill in as a health care provider.
 
Juancito’s story provided the inspiration for the third-place winning team of the first Ideas for Action Competition, sponsored by the World Bank Group and the Wharton Business School. The team noted that the local government — which receives royalties from a mining company — didn’t lack the funds needed for development, but community needs were being overlooked. 

State of global development: Why 2015 is a pivotal year for ending poverty

Jim Yong Kim's picture
© Arne Hoel/World Bank


In this series, professionals debate the state – and future – of their industry. Read all the posts here and write your own (use #MyIndustry in the body of your post).

I work in one of the most rewarding fields imaginable – helping low- and middle-income countries develop so that poor people have a fair chance at reaching their full potential. My field of work is at a critical crossroads, and it is no exaggeration that the decisions we make this year will have an impact on everyone in the world and especially the poorest.

In praise of folly: How modern development partners are learning the lessons of Erasmus

Bertrand Badré's picture
A student in Afghanistan. © Sofie Tesson/World Bank

What a remarkable and busy six weeks!

There has been a tremendous re-energizing globally to explore and identify ways to finance the proposed Sustainable Development Goals (SDGs). The international recognition that the SDGs need to go even further than the previous Millennium Development Goals has prompted discussion of how to get from billions to trillions of dollars to achieve sustainable and inclusive development.

Progress in the Millennium

Mahmoud Mohieldin's picture
Progress in the Millennium
The “What Will It Take” campaign let people share their ideas on ending poverty.
​© Simone D. McCourtie/World Bank.

In September 2000, world leaders committed to the Millennium Development Goals.

Until then, few dared to imagine goals such as eradicating extreme poverty and hunger, universalizing access to education or reducing maternal mortality would be possible. Now, with 500 days left before the end of 2015, the MDGs are less a leap of imagination and more of a challenge that many leaders feel is within reach.

How and Why Countries are Changing to Reach Universal Access in Rural Sanitation by 2030

Eddy Perez's picture

The proposed WHO/UNICEF Joint Monitoring Program (JMP) WASH Post 2015 goals for sanitation calls for universal access to basic improved sanitation – by the year 2030. Using largely small scale project approaches that have failed to deliver sustainable sanitation service delivery – especially for the poor -- most countries have not yet achieved the more modest MDG sanitation goals. However, many countries have already started working to achieve the goal of universal access by taking steps to make the transformational changes needed to stop doing “business as usual” in their sanitation programs.

Who are the bottom 40%?

Jos Verbeek's picture

Who are the bottom 40 percent of society? Where do they live? What do they do? What other characteristics do they have?

These are just some of the questions we are hoping to answer as part of the World Bank Group’s new mission critical – to end extreme and chronic poverty by 2030 and boost shared prosperity. The renewed effort against poverty is needed as more than one billion people in the developing world continue to live in abject poverty (i.e. on less than $1.25 a day).

The Promise of Financial Inclusion

Mahmoud Mohieldin's picture

The following post first appeared on the Huffington Post.

Half the world's adults, approximately 2.5 billion individuals, do not have an account with a formal financial institution. Lack of access to finance is disproportionately skewed towards the poor, women, youth, and rural residents. Defined as the proportion of individuals and firms that use financial services, financial inclusion is increasingly seen as critical for ending extreme poverty and supporting inclusive and sustainable development. It provides people with the tools to invest in themselves by saving for retirement, investing in education, capitalizing on business opportunities, and confronting shocks (Global Financial Development Report, 2014). According to the World Bank Group's newly launched Global Financial Development Report 2014 on Financial Inclusion, most of the unbanked cite barriers such as cost, lack of documentation, distance, lack of trust, or religious reasons.

Poverty reduction at the forefront of development

Punam Chuhan-Pole's picture

The Millennium Development Goals (MDGs) put the fight against poverty at the center of the international development agenda.  And progress has been noteworthy - so much so that it is now fueling more ambitious goals on poverty reduction. But this also brings new demands for better data to measure progress.

 UN Secretary General Ban Ki-moon recently called the MDGs “the most successful global anti-poverty push in history.” With their mutually reinforcing linkages, they committed the world to reducing extreme poverty to historically low levels, while also improving education, health, nutrition, and other development prospects for hundreds of millions of the world’s poorest people. There is no doubt that since their announcement in 2000, the MDGs have raised the profile of poverty reduction in national development strategies, aid discussions and allocation, and the international development discourse. Systematic cross-country monitoring of simple to understand targets proved to be an effective tool in raising this profile.

The challenge of metropolitan governance in the face of rapid urbanization

Alexandra Linden's picture

From a demographic point of view, more than 9 billion people are expected to live on planet earth in 2050, two-thirds of them in cities. Actually, the entire anticipated population increase is to take place in urban areas, with over 90 percent in Africa, Asia, and Latin American and the Caribbean ; so, global urbanization has long since shifted to developing countries and emerging economies. Approximately 2.7 billion people live in urban agglomerations in developing and emerging economies today; in 2030, that number will rise to 3.9 billion – and reach 5.1 billion in 2050. Around 95 percent of this urban momentum is going to take place in metropolitan regions. Established mega regions like Sao Paulo or Mumbai, as well as urban agglomerations composed of rapidly growing small and medium-sized cities will become the key living and economic spaces of the urban millennium.


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