Two years ago, 23-year-old Pedro Flores became a technician specializing in renewable energy—all thanks to a degree from a technical institute in Maule, located in one of Chile’s poorest regions. After completing his degree in just two years, Flores became the only person in his family to obtain an advanced degree. Today, he lives in Santiago and works for a private solar energy multinational corporation, where he earns a competitive salary that is only slightly below the average for entry-level professionals in his field, most of whom spent over five years in university.
These statistics highlight the need to address the problem as global citizens. But if you look at it closer, the incentives for action are indeed very local, making cities—as the centers of consumption in the world—important game changers with strong reasons to take action.
This weekend, the leaders of the G7 committed to a series of actions that mark their first serious recognition of the economic transformation that is ahead of us.
Collectively, they recognized the need to decarbonize the global economy, enshrining in economic cooperation what the scientists in the IPCC told us last year in their Fifth Assessment Report. They called for ambition at the Paris climate talks this year – not new, but they recognized that they, individually and collectively, need to be in the upper part of the ambition bracket and that that means at least a “transformation of the energy sector by 2050.”
They talked about the mobilization of capital for this transformation, as well as ending the increasingly profligate use of harmful fossil fuel subsidies. Recognizing the need for an orderly transition to low-carbon growth as quickly and as smoothly as possible, they took on some degree of leadership around the pledge to provide $100 billion in climate finance for developing countries from public and private sources before 2020. More on that in a moment.
The cold season is here and just like previous years in the past decades the residents of Tehran and several other large cities in Iran such as Tabriz, Mashhad, and Isfahan are suffering from high levels of air pollution. Just in the first week of February and in the last week of autumn, the schools in Tehran were shut down for almost the whole weeks because of dangerously high levels of air pollution and similar measures were also taken in Tabriz, Urmia, and Mashhad.
Sustainable tourism can be an economic lifeline for many mountain communities and help create job opportunities for their young people – which is all the more important since three-quarters of people living in extreme poverty in Uzbekistan live in rural areas.
Railways are very capital intensive and increasingly need to attract financing from the private sector to be successful. That is why the World Bank recently updated its Railway Toolkit to include more information and case studies on railway financing. Here, in a nutshell are the key lessons about railway financing from this update.
- Financial Solutions
- maximizing finance for development
- Public Private Partnerships
- private investment
- infrastructure financing gap
- infrastructure financing
- transport financing
- Sustainable Communities
- sustainable transport
- sustainable mobility
- Urban Development
- Public Sector and Governance
- Private Sector Development
- Law and Regulation
- Financial Sector
Like many Sri Lankans across the country, I joined Sri Lanka’s 70th Independence Day festivities earlier this month. This was undoubtedly a joyful moment, and proof of the country’s dynamism and stability.
The country’s social indicators, a measure of the well-being of individuals and communities, rank among the highest in South Asia and compare favorably with those in middle-income countries. In the last half-century, better healthcare for mothers and their children has reduced maternal and infant mortality to very low levels.
Sri Lanka’s achievements in education have also been impressive. Close to 95 percent of children now complete primary school with an equal proportion of girls and boys enrolled in primary education and a slightly higher number of girls than boys in secondary education.
The World Bank has been supporting Sri Lanka’s development for more than six decades. In 1954, our first project, Aberdeen-Laxapana Power Project, which financed the construction of a dam, a power station, and transmissions lines, was instrumental in helping the young nation meet its growing energy demands, boost its trade and develop light industries in Colombo, and provide much-needed power to tea factories and rubber plantations. In post-colonial Sri Lanka, this extensive electrical transmission and distribution project aimed to serve new and existing markets and improve a still fragile national economy.
Fast forward a few decades and . Yet, .
Notably, the current overreliance on the public-sector as the main engine for growth and investment, from infrastructure to healthcare, is reaching its limits. and the country needs to look for additional sources of finance to boost and sustain its growth.
As outlined in its Vision 2025, the current government has kickstarted an ambitious reform agenda to help the country move from a public investment to a more private investment growth model to enhance competitiveness and lift all Sri Lankans’ standards of living.
Now is the time to steer this vision into action. This is urgent as . As it happens, private foreign investment is much lower than in comparable economies and trade as a proportion of GDP has decreased from 88% in 2000 to 50% in 2016. Reversing this downward trend is critical for Sri Lanka to meet its development aspirations and overcome the risk of falling into a permanent “middle-income trap.”
. Policy makers from developed and developing countries, practitioners from humanitarian agencies, development institutions and the peace and security communities, academics and representatives of the private sector will come together with the goal of increasing our collective impact in countries affected by fragility, conflict and violence (FCV).
The theme of the Forum, Managing Risks for Peace and Stability, reflects a strategic shift in how the global community addresses FCV – among other ways by putting prevention first. This renewed approach is laid out in an upcoming study done jointly by the World Bank and United Nations: Pathways for Peace: Inclusive Approaches to Preventing Violent Conflict. The study says the world must refocus its attention on prevention as a means to achieving peace. The key, according to the authors, is to identify risks early and to work closely with governments to improve response to these risks and reinforce inclusion.
- United States Institute of Peace
- Save the Children
- Mercy Corps
- International Rescue Committee
- International Committee of the Red Cross
- international development association
- 2018 Fragility Forum
- Fragility Forum
- East Asia and Pacific
- Europe and Central Asia
- Middle East and North Africa
- Central African Republic
- Sustainable Communities
Silvi is eight months old. She lives in a remote village in one of the poorest regions of Bangladesh.
Her mother Maya often reflects on her pregnancy and worries about her daughter’s wellbeing as she recalls her morning sickness, the uncertain and painful birth, and the long nights at Silvi’s side as the baby lay wide awake wailing, fighting one illness after the other.
She remembers, too, the thrills of hearing Silvi giggle at the sound of her rattle, and when she began to crawl.
Despite the little joys that her baby brings to Maya, Silvi’s early childhood was marked with apprehension: Shouldn’t she be a little heavier? When will she learn to walk? Will she be healthy and intelligent enough to earn a decent living when she grows up? Or would she be handed down her parents’ poverty and get married like Maya had to, at only sixteen?
But with the right kind of support, Silvi can have a chance at a better life and bring her family out of poverty.
Growing evidence has shown that .
Thus, —or too short for their age--, low birth weight is prevalent, and maternal nutrition remains poor.
Sadly, poor families like Maya’s are not utilizing services available to them.
« Je suis fière de moi, vraiment », confie Rokhaya Niang tout en travaillant. Elle et son équipe n’ont eu que 100 jours pour rationaliser et accélérer le traitement des demandes de lotissement de l’antenne locale du ministère de l’Urbanisation, à Rufisque, une ville située à 25 kilomètres à l’est de Dakar. Futur siège de l’administration nationale, la région est en plein boum et le service de Rokhaya est engorgé par des dossiers qui n’ont pas été traités à temps.