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Message for Latin America: Protect social gains and jobs amid slowdown

Donna Barne's picture
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The economic slowdown in Latin America and the Caribbean is putting pressure on workers and wages and forcing some people out of the labor force, according to a new report released during a live-streamed event of the same name, “Jobs, Wages, and the Latin American Slowdown,” in the lead-up to the World Bank Group-IMF Annual Meetings in Peru.

“A lot of women joined the labor force in the good times. Now, in the slowdown, people are exiting the labor force — men and youth with little education. This is good news if they’re going to university, but bad if they’re going to live with their parents and be idle,” said Augusto de la Torre, the World Bank’s chief economist for Latin America and the Caribbean.

Moreover, the “exit of youth from the labor force will affect poor families more than wealthier ones – inequality could become greater,” said de la Torre.

Guide to 2015 Annual Meetings webcast events

Donna Barne's picture
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The global economy, climate change, infrastructure, the food system – these are just a few of the hot topics that will be addressed in Lima, Peru, in the lead-up to the Annual Meetings of the World Bank Group and International Monetary Fund the week of Oct. 5. 

The annual gathering of ministers from 188 countries takes place just two weeks after a historic vote at the United Nations to adopt Sustainable Development Goals. Government ministers will again discuss the SDGs at the Oct. 11 meeting of the Development Committee of the World Bank Group and IMF.

Pilot programs in Central, South America find new ways to reduce extreme poverty

Ana Revenga's picture
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Pilot Programs in Central, South America Find New Ways To Reduce Extreme Poverty

This fall is a pivotal time for the international development community. We are shifting from a Millennium Development Goal that challenged the world to halve the global extreme poverty rate, to a Sustainable Development Goal that asks us to build on that momentum and work toward a true end to extreme poverty.

Make no mistake; this will not be easy. We will need sustained, shared growth, with a special emphasis on agricultural growth in the poorest countries. We will need programs and policies that are equitable, ensuring that every child has the same opportunities to succeed in life, and that all citizens are able to benefit from fiscal and social systems and representative institutions. And we will need to ensure that those who live in extreme poverty, and those who are vulnerable to falling back in, are protected when global or local markets fail, and when disease and drought persist in their communities.

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. 

Are women traveling into a safer 2015?

Priyali Sur's picture
Also available in: العربية | Français | Español
NEW DELHI—It happened outside a plush mall in Gurgaon, a booming financial and industrial hub just southwest of the Indian capital.  A 21-year old woman, a newcomer to the city, hopped into a shared taxi after finishing her second day at work. “Only when the driver started taking me through deserted streets did I realize that this was his personal car and not a shared taxi,” she tells me of that night two years ago. “He took me to a lonely place, hit me, threatened me, and raped me. I wish I knew it wasn’t a cab. I wish there was a safe way to travel.”

Climate smart management for farms, forests and everything in between

Diji Chandrasekharan Behr's picture
A high-level panel on adaptation-based mitigation at the Global Landscape Forum 2014 in Lima, Peru. (Photo by PROFOR)The energy at the Global Landscapes Forum held alongside the UNFCCC climate negotiations in Lima was electric—charged by the enthusiasm of the scientists, practitioners, indigenous peoples, investors, policy makers, youth and government negotiators who came together to share their latest innovations, tools and ideas for tackling climate change across land uses—from farms to forests and everything in between. Conversations were passionate as we discussed how to bring together our efforts to address climate change and achieve sustainable development at the landscape level—by working in a coordinated manner on agriculture, forests, water and more. 

A notable shift at the 2014 Forum from previous ones, in addition to the mounting numbers in attendance (the event “sold out” with registration closing weeks early), was the buzz about adaptation. It permeated across panels and speakers, making clear the conversation on land-based sectors and climate change has moved well beyond mitigation. The Program on Forests (PROFOR) contributed to advancing the conversation by convening a high-level panel on “Moving forward with adaptation-based mitigation.”    

Why We’re Making a Stand for Resilient Landscapes in Lima

Magda Lovei's picture
Photo by Andrea Borgarello / TerrAfrica, World Bank)​World leaders and land actors are in Lima this week to help advance climate action. Climate resilience—including the resilience of African landscapes—will be at center of the agenda as they define the role of sustainable, resilient landscapes for a new development agenda.
Why should the world—and Africa in particular—care about resilience?
The importance of resilience as an imperative for development is nowhere as obvious as in Africa. Fragile natural resources—at the core of livelihoods and economic opportunities—are under increasing pressure from unsustainable use, population pressure, and the impacts of climate change.
Sustainable development will only be possible in Africa if natural resources are valued and protected. It will only be possible if their resilience to shocks such as climate change is improved. ​Resilient landscapes—where natural resources and biodiversity thrive in interconnected ecosystems that can adapt to change and protect people from losses—are important to the work of ending poverty and boosting prosperity.


If I Were 22: Travel And See How People Live

Jim Yong Kim's picture
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 Jim Yong Kim with Father Jack in PeruPhoto: Jim Yong Kim with Father Jack in Peru

When I turned 22, I was struggling a bit. I was just two months into my first year at Harvard Medical School, and I had gone from an undergraduate environment at Brown University where I was an activist with a diverse group of peers to a situation where I was memorizing anatomy out of a textbook each and every night. It seemed a real letdown.

Over the next months and years, I met fellow activists including Paul Farmer, with whom I co-founded Partners In Health, and that opened up new possibilities. A few years later, I entered a PhD program in anthropology. Both connected the lessons from medical school to real passions of mine.

When I was 22, one thing naturally led to another. Even so, I wish I knew then what I understand better now about preparing myself for the future. I have three suggestions that I wish someone had told me when I was younger.

Are Super Farms the Solution to the World’s Food Insecurity Challenge? Ten Questions You Need to Ask Yourself

José Cuesta's picture
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Join me in a Twitter Chat on why global food prices remain high on Dec. 4 at 10 a.m. ET/15:00 GMT. I'll be tweeting from @worldbanklive with hashtag #foodpriceschat. Ask questions beforehand with hashtag #foodpriceschat. Looking forward to seeing you on Twitter.

Agriculture workers on a strawberry farm in Argentina. © Nahuel Berger/World Bank

Today there are 842 million who are hungry. As the global population approaches 9 billion by 2050, demand for food will keep increasing, requiring sustained improvement in agricultural productivity. Where will these productivity increases come from? For decades, small-scale family farming was widely thought to be more productive and more efficient in reducing poverty than large-scale farming. But now advocates of large-scale agriculture point to its advantages in leveraging huge investments and innovative technologies as well as its enormous export potential. Critics, however, highlight serious environmental, animal welfare, social and economic concerns, especially in the context of fragile institutions. The often outrageous conditions and devastating social impacts that “land grabs” bring about are well known, particularly in severely food-insecure countries.

So, is large-scale farming—particularly the popularly known “super farms”—the solution to food demand challenges? Or is it an obstacle? Here are the 10 key questions you need to ask yourself to better understand this issue. I have tried to address them in the latest issue of Food Price Watch.

Improving Learning in Peru Will Help Reduce Inequality

Jim Yong Kim's picture
Also available in: Español

Lamay, Peru — In this Andean town outside Cuzco, I traveled with Peru's First Lady Nadine Heredia to the San Luis Gonzaga primary school. This school, and many others in the area, have had poor learning outcomes. But I was impressed by the government's and the school's commitment to improve, which will be critical in the efforts to reduce inequality and boost shared prosperity in Peru. Watch this video from a second-grade classroom to learn more.  

Improving learning in Peru will help reduce inequality