When women do well, everyone benefits. Giving women access to better jobs and financial security are keys to ending poverty. Gender gaps harm the entire economy. We know that when women control the finances, they tend to spend money on the things that matter most – essential food and water, school fees and health care for the family. It’s amazing what small changes can do – a mobile money account opens up the ability to get small loans, buy insurance, and make payments. The World Bank is working to empower women around the world, supporting women entrepreneurs in Pakistan and supporting women and their families with cash cards in Lebanon.
Along the beach in Mondouku, Côte d'Ivoire, a group of fishermen have just returned with their catch. Many of them come from neighboring Ghana, and they tell us that they come to the Ivorian part of the coast because there are more fish here. Still, they explain that the fish are smaller in size and number compared to previous years. The beach they are sitting on is lined with small hotels and cabanas destroyed in a storm surges over the past few years. A bit further down the coast, near the Vridi Canal, we speak with Conde Abdoulaye, who runs the lobster restaurant that his father ran before him. Even at low tide, the water laps against the steps of the restaurant and a retaining wall which he has rebuilt numerous times. He says he knows it is inevitable that at some point the sea will swallow his restaurant, and he will have to leave. He blames the canal for most of the beach erosion, but also acknowledges that changing weather patterns and increasing storms have contributed to the damage.
Worldbank.org just got a pretty significant makeover. The design is more modern – with less clutter and better use of visuals (images, video, graphics). The navigation is more streamlined and, we hope, more intuitive for you. We know thousands of you rely on our website for research, data and knowledge to help you solve some of the world’s most challenging problems in your own line of work. You use it to connect with experts and learn about projects around the world. You use it to find a job. You use it to hold us accountable.
Intense drought can devastate a country. . Dealing with both at the same time? That’s just another day for too many countries around the world that struggle to accurately predict weather- and climate-related disasters while simultaneously dealing with their effects.
Today, World Meteorological Day recognizes the benefits of accurate forecasting and improved delivery of hydromet services for the safety of lives and economies. Hydrological and meteorological (or “hydromet”) hazards – weather, water, and climate extremes – are responsible for 90 percent of total disaster losses worldwide. Getting accurate, timely predictions of these hazards into the hands of decision-makers and the public can save lives, while generating at least three dollars’ worth of socio-economic benefits for every one dollar invested in weather and climate services – a win-win. But less than 15 years ago, even the small amount of hydromet investment that existed was fragmented, with little hope of producing sustainable results.
It might sound improbable to hear a CFO say this, but I consider one of my roles since joining the World Bank Group to be that of matchmaker. Let me explain.
As I have noted in other blogs over recent months, the world’s emerging market and developing economies—EMDEs for short—face an enormous gap in infrastructure investment. Certainly it is not the only big financing challenge that countries face as they work to reduce poverty and extend prosperity to more of their citizens. But infrastructure underpins many aspects of economic growth, getting people to jobs and schools, connecting goods to markets, reducing the isolation of the poorest areas in many countries. And by some estimates, the sector’s funding gap is as high as a trillion dollars.
What kind of leader can bring people together for the common good, even amid clashing opinions or real conflict?
That question was at the heart of the 2017 Global Leadership Forum March 6 on the growing need for “collaborative leadership” in an age of increasingly polarized societies.
The event at the World Bank was organized with the Global Partnership for Collaborative Leadership in Development. It explored how to bridge often wide divides to arrive at inclusive solutions, and featured guests such as Festus G. Magae, a former President of Botswana and a South Sudan peace negotiator, and Frank Pearl Gonzalez, Chief Negotiator in the Colombian Peace Talks.
In 2010, 15 days after graduating from college, with nothing but a backpack and an old water bottle, I stood in front of a large gate with a rusted sign welcoming me to the “Pench Tiger Reserve.” The same reserve that inspired Rudyard Kipling’s, Jungle Book. None of the mock interviews or standardized testscould have prepared me for the job at hand. I was there to set up a small nonprofit whose mission was to involve youth from the local community near the tiger reserve and instill in them a love and passion for the environment. Specifically, instill in these young minds a commitment to safeguard the 41 tigers that roamed wild in the reserve.
As a 21 year old, my employers were entrusting upon me this responsibility based on a simple philosophy – if you want to inspire young people – give the opportunity to someone young! In the two and a half years that I spent in the reserve, with the help of the forest department, three local schools and community members, we were able to invite leading conservationists, teachers, innovators and environmental enthusiasts to conduct hands-on workshops with children aged 10-16 from within the community. Every workshop answered questions on the importance of environmental protection and the rationale behind how simple, local efforts can have positive impacts globally. These curious minds absorbed knowledge like sponges and within a few years, we had the next set of forest protectors and tiger champions. They are influencers in the community and are currently involved in small enterprises that help the local economy and preserve the tiger habitat in and around the Pench Tiger Reserve.
Since leaving the Reserve, I have been active in many youth groups around the world. One such organization is the 2041 Foundation whose mission is to provide leadership training to young people especially from developing countries to help preserve the environment. As a part of this training, on an expedition to Antarctica, I was able to see firsthand the effects of climate change on our fragile ecosystems. This experience had a profound influence on my commitment to conservation.
The adverse impacts on the health and economic wellbeing of LGBTI groups—as well as on economies and societies at large—tell us one thing: exclusion and
We’ve already taken the first steps to address this issue, such as quantifying the loss in productivity, but there is still a long way to go. Robust, quantitative data on differential development experiences and outcomes of LGBTI people is crucial, but remains scarce especially in developing countries. Such a research and data gap poses a major constraint in designing and implementing more inclusive programs and policies.
The World Bank’s SOGI Task Force—consisting of representatives from various global practices and country offices, the Gender Cross-cutting Solution Area, as well as the GLOBE staff resource group—has identified the need for quantitative data on LGBTI as a priority.
On Zero Discrimination Day, the World Bank’s Senior Director Ede Ijjasz-Vasquez and SOGI Advisor Clifton Cortez explain the urgent need to fill the LGBTI data gap. They’ve also discussed , as well as what can be done to end poverty and inequality for LGBTI and other excluded groups.
After spending 27 years at the World Bank, I retired at the end of January. I ended my career as Senior Director for the Finance and Markets Global Practice. My career at the Bank spanned diverse roles – from country and financial economist to equity portfolio manager in the World Bank treasury, senior advisor in the Italian executive director’s office, manager and then director leading IBRD's financial products innovation work, advisor for the first CFO and then for a managing director, to country director.
In this post, I reflect on my career and argue why it continues to be important for young people to be passionate about international development.
Debunking common misconceptions about women in agribusiness can unlock business opportunities for the private sector
At the recent World Economic Forum meeting in Davos, global leaders from across the world came together to deliberate on some of the most pressing issues of our time, such as agriculture and food security and greater social inclusion. With the global population projected to rise more than 9 billion by 2050 and the demand for food expected to jump sharply, the need for addressing the challenges of food security assumes greater urgency than before. There is also a growing need to adopt stronger measures to reduce the gender gap—women shouldn’t have to wait 170 years to bridge the divide.
Ahead of the Davos meeting, IFC released a report on agribusiness, Investing in Women along Agribusiness Value Chains, highlighting how companies can increase productivity and efficiency in the agriculture sector by closing economic and social gaps between women and men throughout the value chain, from farm to retail and beyond. The solution to address two of the most pressing challenges—food security and gender parity—isn’t difficult to find, as my research for the report suggests.
Women comprise over 40 percent of the agricultural labor force worldwide and play a major role in agriculture; yet they face a variety of constraints, such as limited access to agricultural inputs, technologies, finance, and networks. As the report shows, an increasing number of companies now recognize that investing in women can help increase companies’ bottom lines—while helping improve the lives of people in rural areas.
Yet, despite the clear business rationale, one wonders why more companies aren’t replicating the efforts of successful companies. The answer probably lies in the prevailing misconceptions about women in agribusiness—despite promising business case testimonials for gender-smart investments from multinational companies such as Mondelēz International and Primark.
Agribusiness companies need support in identifying where and how they can close gender gaps in their value chain. A good start would be to debunk those common misconceptions about women in the sector: