Daw Aung San Suu Kyi, state counselor of Myanmar and Nobel Peace Prize winner, told representatives from governments rich and poor at a meeting this week in Myanmar that reducing poverty and ensuring that everyone benefits from economic growth calls for a deep focus on addressing the challenges of fragility and conflict, climate change, gender equality, job creation, and good governance.
Suu Kyi was speaking at the opening session of a meeting of the International Development Association (IDA), the World Bank’s fund for the poorest, where donors, borrower representatives and World Bank Group leadership are brainstorming ways to achieve these goals. She said that Myanmar’s real riches are its people, and they need to be nurtured in the right way.
This week, more than fifty donor governments and representatives of borrowing member countries are gathering in Nay Pyi Taw to discuss how the World Bank’s International Development Association (IDA) can continue to help the world’s poorest countries.
IDA financing helps the world’s 77 poorest countries address big development issues. With IDA’s help, hundreds of millions of people have escaped poverty. This has been done through the creation of jobs, access to clean water, schools, roads, nutrition, electricity and more. During the past five years, IDA funding helped immunize 205 million children globally, provided access to better water sources for 50 million and access to health services for 413 million people.
It is not often that I get to reflect on my own early childhood experience: Some 40 years ago, I attended a public kindergarten in a small town in Germany. My mother would take me there on her blue bike at 7 a.m., I would spend the morning with eight other children my age, and at around 1 p.m., she would pick me up. Many of my friends and colleagues had similar early childhood experiences.
Considering that the potential benefits from supporting early childhood development range from healthy development to greater capacity to learn while in school and increased productivity in adulthood, I consider myself very lucky. Across the world, nearly half of all three- to six-year-olds (159 million children) are deprived of access to pre-primary education (UIS, 2012). Evidence from both developed and developing countries suggests that an additional dollar invested in high-quality preschool programs will yield a return of anywhere between US$6 and US$17.
More broadly speaking, a new study by ITUC shows that investment in the care economy of 2 percent of GDP in just seven developed countries would create more than 21 million jobs and help countries overcome the twin challenges of aging populations and economic stagnation. So the development case for investing in childcare is clear. What about the business case?
I’m finally in Thailand celebrating our Development Marketplace for Innovation award from the World Bank Group and the nonprofit Sexual Violence Research Initiative (SVRI) to prevent gender-based violence. Just one month ago, our team members, consisting of Sex Workers IN Group’s (SWING) leaders, Surang Janyam and Chamrong Phaengnongyang, and Mahidol University researcher, Dusita Phuengsamran, were at the awards ceremony in Washington DC, humbled by the words and encouragement of World Bank Group President Jim Yong Kim. Today, half a world away, at SWING’s colorful conference space, the passion for violence prevention that infused the awards ceremony is still with us.
Blog #5: The low income, low growth trap
India is home to the largest number of poor people in the world, as well as the largest number of people who have recently escaped poverty. Over the next few weeks, this blog series will highlight recent research from the World Bank and its partners on what has driven poverty reduction, what still stands in the way of progress, and the road to a more prosperous India.
We hope this will spark a conversation around #WhatWillItTake to #EndPoverty in India. Read all the blogs in this series, we look forward to your comments.
While India’s economy has grown more rapidly in recent decades, the gains have been unevenly spread, and some regions have fallen further behind the rest of the country. In particular, India’s seven ‘low-income’ states have struggled to shake off the legacy of high consumption poverty, low per capita incomes, poor human development outcomes and the persistence of poverty among tribal populations. The fact that these states are yet to catch-up with the rest of the country illustrates that ‘where you live’ largely determines ‘how well you live'. Addressing this geographic dimension of poverty and well-being will therefore hold the key to improving the lives of millions of Indians.