Sector markets for the 4 billion BOP consumers range widely in size.
Although the World Bank has successfully addressed a number of important economic and social risks in its projects, it is falling short in recognizing climate risks. As the World Bank refreshes its long-term strategies, this is a key moment to bring climate change—and more broadly, sustainability—to the forefront of its investment agenda.
Assessing Principles of Sustainable Development and Governance in the World Bank's Project Plans...
As the challenges facing the world—from economic uncertainty and political unrest, to the increasingly severe impacts of a changing climate—have grown, the World Bank is seeking to reinvent itself and help its developing member countries address these challenges.
To understand the World...
Helping the global community to forge a transformative and inclusive global sustainable development agenda by 2015.
Under the new leadership of Dr. Jim Yong Kim, the World Bank Group continues to reinvent itself to meet the challenges of global development. That reinvention will continue this Saturday, when the Board of Governors is expected to endorse a new strategy for the institution. If properly implemented across the Group, the strategy could help boost the institution’s contribution to equitable and sustainable development. Two areas of focus will be especially important, including how the Group handles its work on climate change and selects its investments.
Seventy-five percent of the world’s poor live in often ignored and neglected rural areas. National systems for education and health care, for example, don’t always reach the most needy. In many cases, national governments do not clearly know where their poor populations reside. WRI’s poverty maps are providing governments with powerful visual information about where the poor live and where their federal resources are being spent. With these maps, governments can see the problems and better direct scarce financial resources to where they are needed most. Kenya’s Constituency Development Fund was created in early 2005 to channel development funds to the grassroots level through locally-based initiatives. Relying on poverty maps that WRI helped create, a Poverty Index has been developed by the Kenyan government to ensure that funds are guided to areas that will have immediate gains for the poor.
When the secretary general, Ban Ki-moon, takes the floor of the UN general assembly this week, he will address two of the most pressing challenges of our time: poverty and climate change.
Traditional strategies for reducing rural poverty too often ignore the environment. WRI, the World Bank, the U.N. Environment Programme, and the U.N. Development Programme have developed a new model, an ecosystems-based approach that details how effective management of environmental and social resources can result in an improved standard of living. The concept, proposed through WRI’s flagship publication World Resources 2005: The Wealth of the Poor–Managing Ecosystems to Fight Poverty is gaining traction. Governments and international organizations, including the European Union, The Netherlands, Norway, Sweden, the U.K., USAID, and The World Conservation Union are making substantial new commitments to invest in sustainable ecosystem development and incorporating the concept into their rural poverty reduction programs.
The United Nations’ new population growth projections show that the world is set to reach nearly 9.6 billion by 2050. This growth holds serious implications for global food security. Absent other effective measures to control dietary shifts and reduce food loss and waste, the world will need to produce about 70 percent more food annually by 2050 to meet global demands. That is a big task, and even harder to do without converting millions more hectares of forests into farmland, contributing to climate change.
Poverty maps not only identify the distribution of poor populations, but pinpoint places where development lags and highlight the location and condition of infrastructure and natural resource assets that are critical to poverty reduction programs.
WRI has helped design and support poverty mapping efforts in Kenya and Uganda. Kenya has used the maps to distribute critical budget resources to its Constituency Development Fund (CDF) which has allocated a total of approximately US$475 million for development and poverty reduction efforts. Before the maps, funds were based on population rather than on need. That has changed, with a greater share of funds going to formerly neglected rural areas.
Poverty maps were also used by the Kenya Water and Sanitation Program, a five-year, US$65.3 million effort to ensure resources reached poor communities with low access to safe water and sanitation.