At the World Bank Group we have been at the forefront of the so-called Financing for Development (FfD) agenda to leverage public, private, international, and domestic sources of capital to help reach the global goals. A short primer on our efforts--which builds on the 2015 Development Committee paper Billions to Trillions - Transforming Development Finance--can be found in the brochure entitled Financing for Development at the World Bank Group.
Ultimately, countries own the responsibility for achieving the SDGs: raising more domestic revenue (and doing so more efficiently), addressing spending inefficiencies, and mobilizing private capital (as the world economy is facing potentially slower growth and political friction). These will not be easy challenges.
Women are not just potential beneficiaries of efforts to achieve the ambitious Sustainable Development Goals (SDGs) by 2030. They are also active participants in achieving them. That’s why we organized the SDGs and Her competition to highlight the efforts of women entrepreneurs to create jobs and help reach the global goals.
The 2030 Agenda cannot be realized without the participation of women, particularly those working in the private sector. Indeed, if women had the same lifetime earnings as men, global wealth could increase by $160 trillion—an average of $23,620 per person—in 141 countries studied by the World Bank.
Our 2019 Spring Meetings is just around the corner and it’s time to get organized. Mainstage speakers include representatives from top-notch institutions and organizations such as the United Nations, National Geographic, World Trade Organization, Bloomberg, Massachusetts Institute of Technology, among others.
The Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) is an event that brings together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
This year's events will take place in Washington, D.C., April 8-14, 2019.
At the United Nations General Assembly this week, the UN and the World Bank, together with the International Committee of the Red Cross (ICRC) launched the Famine Action Mechanism (FAM), the first global partnership dedicated to preventing famine. With support from the world’s leading tech companies, the FAM aims to use data and state-of-the-art technology to pair decision-makers with better, earlier famine warnings and pre-arranged financing.
While working in the Galápagos Islands in the late 1980s, I saw the interplay between the many interests on the islands: local fishermen taking advantage of the rich waters around in the archipelago; the research community building on the evolutionary theories discovered by Charles Darwin; the tourism sector responding to an ever-growing interest in the accessible and unique wildlife and fauna; and the rights of the Ecuadorian state to benefit from this national asset. Finding a way to balance these – sometimes conflicting – interests in a manner that allows for sustainable and equitable growth is what we today call the Blue Economy.
It provides the livelihood for hundreds of millions of the poorest and most vulnerable people in the world. By one estimate, it generates USD 3-6 trillion to the world economy. If it were a country, the oceanic economy would be the seventh largest in the world.
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.
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. 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.
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. As we said in this month’s Global Economic Prospects report, for the first time since the financial crisis, the World Bank is forecasting that the global economy will be operating at or near full capacity. We anticipate growth in advanced economies to moderate slightly, but growth in emerging markets and developing countries should strengthen to 4.5% this year.
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.
. 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.
2018 is here, and we hope your new year is off to a positive start! Thank you for being a part of the global movement to help end poverty. For every like, share, “heart”, retweet, you name it, thanks for engaging with our content!
Every year brings new highlights, challenges, and priorities, and 2017 was no different.:
Twitter:for themselves or their loved ones. So unsurprisingly, you showed strong support for #HealthforAll during the Universal Health Coverage Forum in December.
What's one big reason families around the world fall into #poverty? #Health expenses. To reach the #globalgoals, we must achieve #HealthforAll. Join us at #UHCForum https://t.co/fl9GYMMBeH pic.twitter.com/LEAkSpeffQ— World Bank (@WorldBank) December 10, 2017
We were also very impressed to see how strongly you feel about preserving our planet. During last month’s One Planet Summit, several of you replied to the news of the World Bank’s announcement on phasing out financing of oil and gas exploration, with positivity. For example @RalienBekkers said: “Great, everyone should follow”:
Many of you agreed that women shouldn’t be restricted from doing some jobs, just because they are women: