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Private Sector Development

Women rise to unlock opportunities for SDG implementation

Mahmoud Mohieldin's picture
Lucy Odiwa, an entrepreneur in Tanzania whose firm, promotes safer and more sustainable methods for handling menstrual health hygiene management (MHM) won the first place in the SDGs&Her competition. © Womenchoice Industries

Visit any community and you will see women breathing life into every part of the economy and society, be it in agriculture, healthcare, marketing, sales, manufacturing, or invention. Through their presence in every walk of life, women make significant contributions to the 2030 Agenda, including its 17 Sustainable Development Goals (SDGs), the most ambitious set of goals that the international community has ever set for itself
 
However, despite representing 50% of the population, women remain over-represented among the world’s poorest and most vulnerable groups and under-represented as leaders and drivers of change. The lack of recognition of women’s contributions, particularly through their businesses and economic activities, has severely limited their access to finance, new markets and knowledge – necessary for economic growth and poverty reduction.

5 inspirational youth you should follow this #YouthDay 

Bassam Sebti's picture
Also available in: Français | العربية | Español | 中文
Refugees take wood working courses at the Kalobeyei Youth Training Center in Kalobeyei, Kenya.
© Dominic Chavez/International Finance Corporation

Youth are the engine of change. Empowering them and providing them with the right opportunities can create an endless array of possibilities. But what happens when young people under 25—who make up 42% of the world’s population – lack safe spaces in which they can thrive?
 
According to the United Nations, one in 10 children in the world live in conflict zones and 24 million of them are out of school. Political instability, labor market challenges, and limited space for political and civic participation have led to increasing isolation of youth. 
 
That's why the United Nations theme for International Youth Day this year focuses on “Safe Spaces for Youth.” These are spaces where young people can safely engage in governance issues, participate in sports and other leisure activities, interact virtually with anyone in the world, and find a haven, especially for the most vulnerable.

Stories of success: We-Fi’s Women Entrepreneurs Reporting Award

Priya Basu's picture
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Amanda Burrell, Documentary Filmmaker. © World Bank
Amanda Burrell, documentary filmmaker, receiving the award. © 2018 One World Media Awards


Jordan’s Water Wise Women initiative puts women at the heart of efforts to combat severe challenges in water supply and sanitation by training more than 300 local women to be plumbers.  The program, led by the German government, led to the formation of a women’s cooperative that bids for commercial contracts in schools, mosques, and government agencies.
 
A short documentary film produced for Al Jazeera showcases how these women are not only challenging stereotypes by thriving in the male-dominated profession of plumbing, but also implementing a range of water management techniques for their communities.
 
Each group of Water Wise Women is trained to eradicate water leakage and improve hygiene.  Trained women receive toolboxes and funding for outreach to disseminate information within their community and reach at least 20-25 other women.
 
The film was just awarded the Women Entrepreneurs Journalism Award, sponsored by the Women Entrepreneurs Finance Initiative (We-Fi), as part of the 2018 One World Media Awards. This is the first time that the One World Media Awards have included reporting on women’s entrepreneurship as a category. The award covers broadcast, digital, film or print journalism that explores women’s entrepreneurship in developing countries. Reporting can showcase stories of successful female entrepreneurs, the challenges women face in trying to start or grow their businesses, and/or the critical role that women entrepreneurs play in economic development by boosting growth and creating jobs. 

Empowering women toward peace and stability

Hartwig Schafer's picture
Chorty Tabo, 25, holds her son, Simon. She fled South Sudan a year ago. She is part of a women’s association, working together in a hair salon in Meri refugee site in the DRC. © UNHCR/Colin Delfosse


More than 1.5 billion people worldwide live in areas plagued by violence and conflict. According to the UN, women in conflict-ridden countries are disproportionately affected. They are actively targeted as a tactic of war to humiliate, terrorize, punish, or forcibly displace them. In fact, women and girls are disproportionately exposed to sexual violence during conflict. And, as more men die, more women and families are left destitute. The World Bank Group is committed to doing more to prevent this cycle of violence against women, as set out in this IEG report.

Entrepreneurship is an important mechanism to help women rebuild their lives and dignity after conflict and during protracted conflict and crisis situations. Take the example of Chorty a war widow who successfully banded together with other war refugees from South Sudan to open a hair salon in the Democratic Republic of Congo (DRC). According to the UNHCR story, the business is small, but the women are earning money to feed their children and take care of their families. These women are vital role models in their communities and give others hope to rebuild their lives.

Toward a linked and inclusive economy

Jim Yong Kim's picture
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The arrival of broadband internet is set to significantly improve medical services in Tonga. © Tom Perry/World Bank.
The arrival of broadband internet is set to significantly improve medical services in Tonga. © Tom Perry/World Bank.

While some studies predict automation to eliminate jobs at a dizzying rate, disruptive technologies can also create new lines of work. Our working draft of the forthcoming 2019 World Development Report, The Changing Nature of Work, notes that in the past century robots have created more jobs than they have displaced. The capacity of technology to exponentially change how we live, work, and organize leaves us at the World Bank Group constantly asking: How can we adapt the skills and knowledge of today to match the jobs of tomorrow?
 
One answer is to harness the data revolution to support new pathways to development. Some 2.5 quintillion bytes of data are generated every day from cell phones, sensors, online platforms, and other sources. When data is used to help individuals adapt to the technology-led economy, it can make a huge contribution toward ending extreme poverty and inequality. Technology companies, however well intended, cannot do this alone.

Maximizing finance for development works

Hartwig Schafer's picture
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People in Saint-Louis, Senegal. © Ibrahima BA Sané/World Bank
People in Saint-Louis, Senegal. © Ibrahima BA Sané/World Bank


Massive investment is needed to meet the ambitious goal of ending extreme poverty and boosting shared prosperity by 2030. By some estimates it could cost as much as $4.5 trillion a year to meet the Sustainable Development Goals (SDGs), and obviously, we will not get there solely with public finance. And there’s the rub: Countries will only meet the SDGs and improve the lives of their citizens if they raise more domestic revenues and attract more private financing and private solutions to complement and leverage public funds and official development assistance. This approach is called maximizing finance for development, or MFD.

Why investors must take a chance in the world's most fragile countries

Stephanie von Friedeburg's picture
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Microfinance in DRC. © Anna Koblanck/IFC
Microfinance in DRC. © Anna Koblanck/IFC


Fragility, conflict and violence affect more than two billion people across the globe. And while poverty on the whole is declining, that's not the case in countries affected by conflict.

It is these countries plagued by near-constant political and economic instability that are often the ones most in need of private investment. Yet they are also the places few private investors are willing to go. The risks seem to outweigh the rewards.

Africa’s partnership with the G-20: Compact with Africa in 2018

Jan Walliser's picture
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Expansion of the Azito Thermal Power Plant, in Côte d'Ivoire, will improve access to electricity for Ivoirians and help sustain the country's economic growth. © Cedric Favero/IFC
Expansion of the Azito Thermal Power Plant, in Côte d'Ivoire, will improve access to electricity for Ivoirians and help sustain the country's economic growth. © Cedric Favero/IFC


Editor's Note: Below is a viewpoint from Chapter 6 of the Foresight Africa 2018 report, which explores six overarching themes that provide opportunities for Africa to overcome its obstacles and spur inclusive growth. Read the full chapter on the changing nature of Africa's external relationships here.

Germany’s presidency of the G-20 in 2017 introduced a new initiative for supporting African countries’ development: the G-20 Compact with Africa. The compact brings together interested African countries with the World Bank Group, the International Monetary Fund, the African Development Bank, and other multilateral and bilateral partners to develop and support policies and actions that are essential for attracting private investment. To date, 10 countries have signed up for the initiative and outlined their aspirations and reform programs under a framework adopted by the G-20 finance ministers in March 2017. 

Can tackling childcare fix STEM’s gender diversity problem?

Rudaba Z. Nasir's picture
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Girls attend school. Pakistan. © Caroline Suzman/World Bank
Girls attend school. Pakistan. © Caroline Suzman/World Bank


Growing up in Pakistan, I often wondered why boys were expected to become doctors or engineers while girls, including me, were encouraged to pursue teaching or home economics. So, when my cousin Sana became the first woman in my family to start a career in engineering, she also became my idol. But a few months later, my excitement soured when Sana quit her job halfway through her first pregnancy. Sana’s story, however, is not unique. Women make up less than 18 percent of Pakistan’s science, technology, engineering, and mathematics (STEM) professionals. Traditional gender roles and lack of access to formal childcare often play a critical role in many women’s decisions to forgo STEM careers.

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