World leaders pledge US$1 billion to transform health and nutrition of world’s poorest women, children and adolescents

– Ten new investors—Burkina Faso, Côte d’Ivoire, Denmark, the European Commission, World Bank buildingGermany, Japan, Laerdal Global Health, the Netherlands, Qatar and an anonymous donor—have joined since the launch of the Global Financing Facility replenishment. They join existing funders the Bill & Melinda Gates Foundation, Canada, MSD for Mothers, Norway, and the United Kingdom to fund the GFF to improve the health and nutrition of women, children and adolescents.

– US$1 billion pledged to the GFF Trust Fund in Oslo today is expected to link to an additional US$7.5 billion in IDA/IBRD resources for women, children and adolescents’ health and nutrition.

– Burkina Faso reaffirmed its commitment to allocating at least 15% of its annual budget to improve health; Côte d’Ivoire committed to increasing its health budget 15% annually; and Nigeria recommitted to investing US$150 million per year from its budget to sustainably finance health and nutrition of women, children and adolescents.

– US$1 billion will help the GFF partnership on the pathway toward expanding to as many as 50 countries with the greatest needs, to transform how health and nutrition are financed. Alongside other global health initiatives, this can contribute to saving and improving millions of lives by 2030.

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The Goods, the Bad, and the Ugly: Data and the food system

The business of agriculture and food is driven by data, making it the treasure trove of shutterstock_77103460today’s agri-food system. Whether it’s today’s soil moisture, tomorrow’s weather forecast, or the price of rice in Riyadh, every bit of data can improve the efficiency with which the world’s 570 million farmers put food into the mouths of its soon-to-be eight billion consumers. Digital technologies are facilitating the flow of data through the food system, shrinking information asymmetries and fashioning new markets along the way. How can we ensure these new markets are appropriately contested, and the treasure does not end up in the hands of a couple of gunslingers? Is there a public sector’s role in generating and disseminating data that on the one hand encourages innovation and competition and on the other reduces opportunities for market capture? One place to look may be at the crossroads of internet and public goods.

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Who’s afraid of big bad firms?

Superstar firms have been in the minds of world’s leading bankers and economists 40160366-1533524372111365_originlately. Policymakers are concerned that America’s leading firms such as the FAANG stocks — Facebook, Apple, Amazon, Netflix and Google — are having adverse results on the rest of us and making economic policy less predictable. Why is this? Many of the companies have improved the lives of people across the world with highly desirable and useful products. These superstar firms have also done very well for many of their stakeholders and investors. The numbers are staggering. These five tech companies together account for roughly half of the gains achieved by the Standard & Poor’s 500 stock index in 2018. And in recent weeks, Apple became the world’s first trillion-dollar corporation, with Amazon not far behind. While the superstar firms have made life easier for many consumers, it’s hard for economists not to wonder whether the effects of their stratospheric success are entirely benign.

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A warming world means it’s high time to rethink the composition of agricultural support

From the Old Farmer’s Almanac to cutting edge satellite systems, farmers have always 1_5crbT9T-oYZglwyLYlnexgbeen in the market for weather forecasts that help them decide when to plant and harvest to mitigate climate risks. Earlier this month, the 48th session of the Intergovernmental Panel on Climate Change delivered sobering news: the Special Report on Global Warming of 1.5°C (SR1.5) concluded that climate impacts are already occurring and will be much worse at 2°C than previously projected.

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Where Sun Meets Water: Floating Solar Market Report

Published on http://www.worldbank.org on October 30, 2018

STORY HIGHLIGHTS

  • Floating solar technologies are paving the way to significantly scale up the use of DCIM100MEDIADJI_0037.JPGsolar energy around the world, especially in countries with high population density and where land is a constraint
  • This first-of-its-kind market report estimates the global potential of floating solar, even under conservative assumptions, to be 400 gigawatts (GW). That is roughly the total capacity of all solar photovoltaic installations worldwide at the end of 2017

 

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World Development Report: The Changing Nature of Work

The World Development Report (WDR) 2019: The Changing Nature of Work studies how wdr2019the nature of work is changing as a result of advances in technology today. Fears that robots will take away jobs from people have dominated the discussion over the future of work, but the World Development Report 2019 finds that on balance this appears to be unfounded. Work is constantly reshaped by technological progress. Firms adopt new ways of production, markets expand, and societies evolve. Overall, technology brings opportunity, paving the way to create new jobs, increase productivity, and deliver effective public services. Firms can grow rapidly thanks to digital transformation, expanding their boundaries and reshaping traditional production patterns.

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Doing Business Report: New Record Set as 314 Reforms Introduced to Improve Business Climate Around the World

WASHINGTON, October 31, 2018 – Governments around the world set a new record in Doing Business 2019bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year, says the World Bank Group’s Doing Business 2019: Training for Reform report, released today.

The reforms, carried out in 128 economies, benefit small and medium enterprises as well as entrepreneurs, enabling job creation and stimulating private investment. This year’s reforms surpass the previous all-time high of 290 reforms two years ago.

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Isolation and Opportunity; Strengthening Justice in Remote Solomon Islands

STORY HIGHLIGHTS feature2-web

  • In remote areas of the Solomon Islands, police are often not present causing a challenge to maintain law and order.
  • Locally elected Community Officers are facilitating local justice and providing a vital link between the government and citizens in remote areas of the Solomon Islands.
  • Remote communities now know there is much needed help for conflict resolution, strengthening connections between communities and the state

 

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Introducing the online guide to the World Development Indicators: A new way to discover data on development

The World Development Indicators (WDI) is the World Bank’s premier compilation of international statistics on global development. Drawing from officially recognized sources and including national, regional, and global estimates, the WDI provides access to almost 1,600 indicators for 217 economies, with some time series extending back more than 50 years. The database helps users—analysts, policymakers, academics, and all those curious about the state of the world—to find information related to all aspects of development, both current and historical.

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The Safe Food Imperative: Accelerating Progress in Low- and Middle-Income Countries

STORY HIGHLIGHTSfood_key

  • Unsafe food costs low- and middle-income economies US$ 110 billion in lost productivity and medical expenses each year.
  • Preventative measures—including greater investment, better regulatory frameworks and measures that promote behavior change—can help countries avoid food safety problems
  • An inclusive approach to food safety management that makes food safety a shared responsibility among government, farmers, food businesses and consumers will be most effective

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