Aspirations are rising as never before across the world, thanks in large part to smartphones and the internet — will they be met with opportunity or frustration? As President of the World Bank Group, Jim Yong Kim wants to end extreme poverty and boost shared prosperity. He shares how the institution is working to improve the health and financial futures of people in the poorest countries by boosting investment and de-risking development.
Can you make a #Loop4Dev?
Ever notice how cities can really encapsulate many of the things that make life enjoyable? Green spaces to enjoy the outdoors, access to jobs, affordable housing for all, a well-connected public transportation system, access to healthy food, schools for all children, and so on. Some cities achieve this better than others, but creating a city that works for all of its citizens can be a challenge for governments and communities alike.
Why? Let’s look at some numbers: Up to 1 billion people living in slums in the cities of the world are in need of better services; Cities consume 2/3 of the world’s energy and account for 70% of greenhouse gas emissions; 66 out of 100 people will live in cities by 2050, which tells us the global population is becoming increasingly urban.
Ndeye Ngom is a first-time mother in Senegal’s Fatick region, 150 kilometers southeast of Dakar, the capital city of Senegal. And like any parent, upon hearing the news that her daughter, 9-month-old Khady Faye, was underweight, Ndeye grew immediately worried. “I panicked when they told me the baby is malnourished,” Ndeye remembers. “This is not a disease we know.”
- The Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, issued a communiqué at the close of the institutions’ Spring Meetings in Washington.
- They said the World Bank Group retains an essential role in helping ensure that growth is sustainable, with benefits that reach everyone and help reduce poverty and inequality.
- On the urgent issues of famine and forced displacement, the committee cited both “efforts to mobilize and rapidly disburse support for countries, communities, and refugees” and the importance of “investing to address the root causes and drivers of fragility and helping countries build institutional and social resilience.”
Empowering Women in the World | Voices : Submitted by Kristalina Georgieva (CEO World Bank )
When women do well, everyone benefits. Giving women access to better jobs and financial security are keys to ending poverty. Gender gaps harm the entire economy. We know that when women control the finances, they tend to spend money on the things that matter most – essential food and water, school fees and health care for the family. It’s amazing what small changes can do – a mobile money account opens up the ability to get small loans, buy insurance, and make payments. The World Bank is working to empower women around the world, supporting women entrepreneurs in Pakistan and supporting women and their families with cash cards in Lebanon.
- 250 million children under the age of five suffer from stunting and extreme poverty.
- The rate of return on investing in a package of nutrition interventions at scale is estimated at 17 percent.
- Well-designed early childhood development programs include a focus on quality, complementarities between interventions, and behavioral change.
When I was growing up in rural Nigeria in the ‘80s and ‘90s, agriculture was already a central part of my life. As a child, I gained farm experience working with my father, who was a veterinarian. My mother, a teacher, would send me off to school each day with the parting words, “Go out there and be the best amongst equals.” This is still the motto by which I try to live.
Walk around a major city in Sub-Saharan Africa and you will quickly realize that women are a highly visible part of the economy, selling all manner of products and services. In some ways, women are powering the economies of the continent to a greater degree than anywhere else in the world; Sub-Saharan Africa is the only region where women make up the majority of self-employed individuals.
INYI, March 14, 2017 – In many parts of Africa, a series of laudatory appellations called praise songs are widely used to capture the essence of the person or object being praised. In the Inyi village community in Oduma, in Nigeria’s Enugu State, the Fadama project has earned its own praise song.
Inyi women gather in the village hall, dancing and chanting in unison: “Fadama – Ubiam eri mbombo ozo” orin English, “Fadama – poverty has run away, there is no more poverty.”