Tag Archives: End Poverty

Global Community Makes Record $75 Billion Commitment to End Extreme Poverty

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Targets fragility, refugees, climate change and other pressing challengesWorld Bank building

YOGYAKARTA, INDONESIA, December 15, 2016— A coalition of more than 60 donor and borrower governments agreed today to ratchet up the fight against extreme poverty with a record $75 billion commitment for the International Development Association (IDA), the World Bank’s fund for the poorest countries.

“This is a pivotal step in the movement to end extreme poverty,” World Bank Group President Jim Yong Kim said. “The commitments made by our partners, combined with IDA’s innovations to crowd in the private sector and raise funds from capital markets, will transform the development trajectory of the world’s poorest countries. We are grateful for our partners’ trust in IDA’s ability to deliver results.”

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WBG Case Study: Rwanda – Food Security

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Published June 16th on Projects & Operations page WBG webstieindex

A Tale of Two Tables:

How Snow Peas Help Rwandan Families

Challenge

Rwanda has made remarkable progress since the civil war and genocide that started in October 1990 and ended in July 1994. GDP per capita increased from US$228 in 1995 to US$718 in 2014.  The poverty headcount ratio using the national poverty line fell from 78% in 1995 to 45% in 2010/11.

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WB keeping track of its targets

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Since President Kim took the reigns at the World Bank in 2014, the organization has set itself very clear goals. The main goal of the World Bank is to rid the world of poverty, and to boost shared prosperity. Now they have found a transparent way to communicate the progress. The tool that has been developed is the Presidents Delivery Unit, or ‘PDU’. “The PDU is dedicated to helping the World Bank Group institutions define, monitor, and communicate progress on corporate priorities.”

See the tool here.

Want to know how the tool works? Click here.