For many emerging market and developing economies (EMDEs), the adverse impact is already a reality, with natural disasters becoming more frequent and severe. Unfortunately, many countries still lack the capacity to cushion these blows, and this can spur political fragility, food insecurity, water scarcity, and, in extreme cases, conflict and migration. Even in milder manifestations, these impacts can derail development and set back gains from years of investment.
Why is ecological restoration so critical to the World Bank’s mission of reducing poverty and boosting shared prosperity? Quite simply, because
Some 42 percent of the world’s poorest live on land that is classified as degraded. The situation becomes worse every year, as 24 billion tons of fertile soil are eroded, and drought threatens to turn 12 million hectares of land into desert.
No matter where we live or who we are, we should all care about Indigenous Peoples. Why?
First, Indigenous Peoples and ethnic minorities are more likely to be poor.
Although Indigenous Peoples make up only 5% of the global population, they account for about 15% of the world’s extreme poor. They are overrepresented.
And if you’re from an indigenous family in Latin America, then you’re three times more likely to be in poverty than someone from a non-indigenous family in the same region.
In his “The People of the Abyss,” novelist Jack London describes in grim detail a devastating storm that rocked London in the early 20th century. Residents suffered terribly—some losing as much as £10,000, a ruinous sum in 1902—but none lost more than the city’s poorest.
Natural disasters are devastating to all affected; however, not everyone experiences them the same way. A dollar in losses does not mean to a rich person what it does a poor person, who may live at subsistence level or lack the means to rebound and rebuild after disaster strikes. Be it a drought or flood, the poor are always hit harder than their wealthier counterparts.
This disparity was closely examined in the Global Facility for Disaster Reduction and Recovery (GFDRR) report, Unbreakable: Building the Resilience of the Poor in the Face of Natural Disasters. Unbreakable recommended a range of policies to help countries reduce poverty and build resilience, providing cutting-edge analysis on how disaster risk management (DRM) and well-designed development can alleviate poverty and risk in 117 countries.
Africa’s urban areas are booming, experiencing a high urban growth rate over the last two decades at 3.5% per year. This growth rate is expected to hold into 2050. With this growth, street food is going to become one of the most important components of African diets. The formal sector will just not be able to keep up!
Enter my company, Musana Carts, which tackles the #FoodRevolution challenge from the end of the food value chain. Musana Carts, which currently operates in Uganda, streamlines and improves the production and consumption of street food.
Why did we decide to focus on street food?
Despite the illegal status of unlicensed street food vendors, who are regularly evicted from markets, street vending is an age old industry. Low income families spend up to 40% of their income in street food (Nri).
People eat street food because it is affordable, abundant, delicious and has a local and emotional flavor. Street food plays a key role in the development of cities. It is the one place where the posh and the poor from all walks of life meet and forget their social differences for the few seconds it takes to savor a snack.
Street foods tell a story. They capture the flavor of a nation and the pride of a tribe: in Uganda, the rolex, a rolled chapatti with an omelet, has been named one of the fastest growing African street foods. The minister for tourism made it the new Ugandan tourism product.
This April, I had the honor of delivering a TED Talk in Vancouver, Canada. TED Talks aim to inspire and spread ideas, and this year’s theme – The Future Us – explored what lies ahead for the world.
Artificial intelligence, robotics, and other technological advances hold great promise, but these changes are coming at break-neck speed. I’m afraid many of us aren’t ready. There’s still too much poverty and inequality in the world, and we have a lot of work to provide opportunities for everyone.
The link between poverty and disasters is becoming clearer – new research shows that extreme weather events alone are pushing up to 26 million people into poverty every year. With forces like climate change, urban expansion, and population growth driving this trend, annual losses have passed more than $500 billion annually, and show no signs of slowing.
With limited time and resources, however, adequate preparedness for these common events is often neglected in developing countries. The result is a pattern of deficient recovery that is imperiling sustainable development, and leaving millions of the most vulnerable behind.
May 17 is the International Day Against Homophobia, Transphobia and Biphobia, or IDAHOT.
Why should we care about IDAHOT? Because sexual orientation and gender identity, or SOGI, matters.
Despite some legal and social progress in the past two decades, LGBTI people continue to face widespread discrimination and violence in many countries. Sometimes, being LGBTI is even a matter of life and death. They may be your friends, your family, your classmates, or your coworkers.
When I met Esther Nyambe, she was dressed in a vibrant swirl of brown, green and violet and was pedaling a water pump. Nyambe heads a community organization in Mbeta Island, where women are taking the lead to improve access to safe water and diversify their income through climate-smart farming.
Mbeta Island is surrounded by the Zambezi River and faces increasingly unpredictable floods. Climate change is a reality in this landlocked country where more than half of the population lives in poverty. The island has seen floods that can turn communities into swamps.
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.