In a world divided over how to deal with such serious problems as terrorism, immigration, free trade, and climate change, governments agree on the urgency of solving what is arguably the biggest problem of all: supplying safe, well-located, and affordable housing for the billions of people who need it.
There is even agreement on the basic steps to that goal: improving land management and adopting more tenure-neutral policies.
There is also consensus on the fact that government alone cannot afford to pay the bill. According to McKinsey & Co., the annual price tag for filling the “global housing gap” ($1.6 trillion) is twice the cost of the global investments needed in public infrastructure to keep pace with GDP growth.
As we approach the 70th anniversary in 2018 of the declaration of housing as a “universal human right,” it’s time for governments to turn to an obvious solution for closing the housing gap that they continue to ignore only at their peril: long-term market finance. , and so will the odds of social discontent.
The social inclusion of disadvantaged groups is necessary for reducing poverty and boosting shared prosperity, said government representatives, experts, and civil society representatives at a World Bank seminar on Friday, April 21. Persons with disabilities, Indigenous Peoples, as well as lesbian, gay, bisexual, transgender, and intersex (LGBTI) persons form a large part of the world population affected by poverty. They often face multiple discrimination and exclusion because of their overlapping identities, stressed Maitreyi Das, Social Inclusion Global Lead at the World Bank Group.
Patricia Peña, Director General for Economic Development of Global Affairs, Canada, highlighted the commitment of Canada—through its foreign assistance, diplomacy, and domestic efforts—to support policies and programs addressing economic and social inclusion of LGBTI people. Disaggregated data collection is one of the priorities for developing effective responses. Harry Patrinos, Practice Manager at the Bank’s Education Global Practice, made a cross-country assessment of poverty among Indigenous Peoples. Ulrich Zachau, the World Bank’s Country Director for Southeast Asia, discussed the Bank’s ground-breaking data generation efforts on LGBTI persons in Thailand. There is a need to find a shared way of measuring disability, said Nick Dyer, Director General of Policy and Global Programmes at the UK Department for International Development.
View tweets from the session below. Learn more about the World Bank's work on social inclusion, disability, indigenous peoples, as well as sexual orientation and gender identity (SOGI).
While some cities have grown, others still lag behind. Such inequalities in development are usually characterized by weak economic performance, low human development indicators, and high concentration of poverty. For example, Mexico achieved incredible growth as a nation, yet per capita income in the northern states is two or three times higher than in the southern states. Disparities in other social and infrastructure metrics are even more dramatic.
To address those questions and share their experiences, officials in charge of designing and implementing national housing policies in eight countries (Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Paraguay, and Peru) recently met in Washington DC, along with representatives from the World Bank, Cities Alliance, the Urban Institute, and Wharton's International Housing Finance Program.