As a structured finance specialist in the World Bank Treasury, I work on a trading floor and talk to banks, investors, and development partners daily, so together we can find cost-effective and sustainable solutions to address climate change.Climate is now a key consideration in all our development projects, and we have committed to ramp up adaptation financing to $50 billion over FY21–25. However, the public sector alone cannot finance the trillions of dollars needed for green infrastructure. Enter: bonds and the power of the capital markets.
According to WRI's ‘Global Forest Watch’,
So, we appear to be losing the battle, if not the war, against tropical deforestation, and missing a key opportunity to tackle climate change (if tropical deforestation were a country, it would rank 3rd in emissions) and reduce poverty. A key question, then, is what can forest sector investors, governments and other actors do differently to reverse these alarming trends?
GLOBE, the World Bank Group Employee Resource Group for LGBT+ staff members, turned 25 this year. On February 19, we held a reception to celebrate our achievements in improving equality and protections for LGBT+ employees at the World Bank Group and discuss the challenges that are ahead of us.
We are a group of LGBT+ employees and allies who have been doing this work for the last 25 years. GLOBE stands on three legs. Firstly, we are a community for LGBT+ staff and employees and allies, secondly we work closely with our partners in HR to make this a more inclusive workplace, and thirdly we work on sexual orientation and gender identity in operations.
Instagram and Twitter channels – and the response was overwhelming.
The inspiration for this campaign was our recent work Women Business and the Law 2019: A Decade of Reform. The study introduces a new index that scores 187 economies in 8 areas, to understand how women’s employment and entrepreneurship are affected by legal discrimination, and how this impacts women’s participation in the labor market.
As an international organization tasked with the resolution of investment disputes—diversity is, in fundamental respects, embedded in ICSID's DNA. The International Centre for Settlement of Investment Disputes (ICSID) has 154-member states, encompassing the majority of the world's countries. ICSID cases involve investors and states from every region in the world and concern all economic sectors—from poultry farms in Turkmenistan to pharmaceuticals in Canada.
It is therefore imperative that the people who argue, decide and administer cases reflect this global makeup. And measurable progress is being made towards greater diversity and inclusiveness, thanks to the concerted efforts of the ICSID Secretariat, government officials and legal professionals operating in the field of international investment dispute settlement.
Last week, we launched the Women, Business, and the Law report, which found that despite the considerable progress that many countries have made in improving women’s legal rights over the last decade, women are still only accorded 75 percent of the legal rights that men, on average, are given. As a result, they are less able to get jobs, start businesses and make economic decisions, with economic consequences that reverberate beyond their families and communities.
This is a particularly timely piece of research because as we mark International Women's Day, it’s another reminder of the work we have ahead of us: With the Human Capital Project in full swing and work underway with more than 50 countries on improving people-based investments, putting gender equality at the top of the agenda will be critical to crafting better policy.
A common theme of our work on conservation projects has been the lack of networks for women to share their ideas and learn from others doing the same work.
Which is why we created an all-women’s network to support and empower women in nature conservation. It is called WiNN: the Women in Nature Network, and was founded in 2013 by the two of us and 12 other women.
It serves as a platform for women to interact and learn by sharing experiences and stories relevant to other women in order to enhance conservation impacts and also inspire the next generation of conservation leaders.
At the World Bank, we believe no country, community, or economy can achieve its potential or meet the challenges of the 21st century without the full and equal participation of women and men, girls and boys. This is particularly true in developing countries supported by the International Development Association (IDA), the arm of the World Bank that supports the poorest countries.
For example, women in IDA countries on average can expect to live longer than men (66 years vs. 62 years). With education, girls have caught up with or overtaken boys in enrolling in and completing primary school, as well as in transitioning on to secondary education.
Adding complexity, the jobs challenge is also a concern for today. And as the trends of urbanization continue, scores of internal migrants are searching for work, but can’t find quality, waged jobs, nor do they have the skills demanded by the markets. As a result, too many people are left on the economic sidelines and are limited in what they can contribute to their countries’ growth.
When Amr Abdellah Aly, a department manager at the Electricity Ministry in Egypt, returned home from the Summer Institute in California training course at last year, his first question to his supervisors was if they had a communications strategy in place for the efforts of reforms in the electricity sector. His goal was to stress on the important role of communications throughout the reform process, something he had just learned from the course.
Each summer, the World Bank collaborates with the Annenberg School for Communication at the University of Pennsylvania and the Annenberg School for Communication and Journalism at the University of Southern California to offer the executive education course on reform communication: Leadership, strategy and stakeholder alignment.