When I was growing up in Albania in the mid-80s, gas flares were a constant and silent backdrop to our holidays by the seashore. The fiery plumes would shimmer in the early morning summer light while we squeezed like sardines into the bus that would take up to the beach. At night, from our cabin, they looked like rows of giant torches in the distance. As a child, I was mesmerized by the way the flames danced and shimmered from the tall chimneys in clouds of black curling smoke. I was told that the oil wells were on fire and eventually the flares burned themselves out. I didn’t ask many questions then; in communism asking questions was discouraged and could get one in trouble.
How can everyone, everywhere, get enough nutritious food? A famous chef, the president of the World Bank Group, a mushroom farmer from Zimbabwe, and a proponent of “social gastronomy” explored ways to end hunger and meet food challenges at an event, Future of Food, ahead of the 2015 World Bank Group-IMF Spring Meetings.
About 800 million people go to bed hungry every night. By 2050, there will be 9 billion people in the world to feed. Agricultural productivity will have to improve, said World Bank Group President Jim Yong Kim.
So how can chefs like David Chang, the founder of Momofuku restaurant, help?
Whether you’re a food producer or consumer, and no matter what part of the world you live in, I’m sure we can agree: The world needs a food system that can feed everyone, everyday, everywhere.
A food system that works for everyone can also create jobs and raise the incomes of smallholder farmers and rural residents who are 78 percent of the world’s poor people. After all, growth originating in agriculture is proven to be 2 to 4 times more effective at reducing poverty than growth originating in other sectors. An effective food system can also provide better nutrition, steward the world’s natural resources, and even be a part of the solution to climate change.
Lower oil prices are a boon for oil importers around the world. But how well are oil-producing countries adapting to the apparent end of a decades-long “commodity supercycle” and lower revenues? And what does this mean for the global economy?
World Bank economists provided insights on the situation in six developing regions at a webcast event April 15 ahead of the World Bank Group-IMF Spring Meetings. The discussion focused on the challenge of creating sustainable global growth in an environment of slowing growth.
World Bank Chief Economist Kaushik Basu said the global economy is growing at 2.9% and is “in a state of calm, but a slightly threatening kind of calm. … Just beneath the surface, there’s a lot happening, and that leads to some disquiet, concern – and the possibilities of a major turnaround and improvement.”
- Spring Meetings 2015
Transaction accounts can open up access to those currently left out of the banking system, providing a basic entry point, or pathway, to broader financial inclusion.
It’s spring in Washington during a pivotal year in development. Thousands of government officials, journalists, civil society representatives, academics, and CEOs are arriving for the Spring Meetings of the World Bank Group and International Monetary Fund the week of April 13.
It’s one of the last such gatherings before decisions are made on the world’s development priorities and goals over the next 15 years – and how to finance them. In fact, the only item on the April 18 agenda of the Development Committee concerns these post-2015 goals and financing for development.
The World Bank Group and faith-based organizations share something in common – fighting poverty. Now, they’re joining forces to do it. More than 30 leaders representing Bahai, Buddhist, Christian, Hindu, Jewish, Muslim, and Sikh organizations formally expressed support for ending extreme poverty by 2030 – a goal backed by the World Bank Group’s 188 member countries.
Their joint statement, “Ending Extreme Poverty: A Moral and Spiritual Imperative,” released April 9, called for an end to the “scandal of extreme poverty” and said they would use their “voices to compel and challenge others to join us in this urgent cause inspired by our deepest spiritual values.” They added they would commit to hold “all levels of leadership accountable – public and private, domestic and international.”
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