This newsletter includes the following heading: helping people and the environment; World Bank green bond update; use of proceeds; what makes our green bonds ‘green’?
... See More + And what green bond investors said
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on seeking transformative solutions to challenges of development and poverty that are necessarily cross disciplinary and what a great university should be doing.
... See More + He talks about the investments that developing countries can make in the health and education of their people which will help reduce extreme poverty in the countries. He speaks about the importance of early childhood development. He talks about stronger health systems in developing countries that can extend the reach of doctors and nurses, and serve as disease outbreak alert and response networks critical to containing infections. He concludes by saying that the pregnant woman who lives in a conflict zone should be focused and we must do whatever it takes to support her so that her newborn child will have a world of opportunity, equal to that of any child in the world.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on the purpose which forced to align the work to support the poor and the vulnerable, and to preserve our planet for future generations.
... See More + He talks about the report that traces two decades of unprecedented economic growth on the continent with messages that are both encouraging and sobering. He speaks about how economic growth coupled with specific health and education interventions have contributed to improving people’s lives, and contributed in many countries, such as Ghana, to major reductions in poverty. He talks about the structural transformation, a shift out of agriculture that led to an increase in non-agricultural self-employment and, to a lesser degree, wage jobs in Ghana. He speaks about how improving the agricultural sector will be critical to further reduce extreme poverty in the country. He commends Ghana that has invested in its people, specifically in education in most parts of the country. He appreciated the country’s urban areas that have grown quickly, creating more and higher-paying jobs.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on the two goals, to end extreme poverty by 2030 and to boost shared prosperity to the bottom 40 percent in developing countries.
... See More + He talks about improving the productivity of agriculture and making sure that every industry, every person in Africa has access to energy to end extreme poverty. He talks about the importance of investing in the health and education of people for future economic growth in developing countries. He commended Ghana on its structural transformation, shift out of a solely agricultural-focused economy and in one in which non-agricultural self-employment and, to a lesser degree, wage jobs have also become part of the economy. He concludes by talking about taking action on improved and fair, more just, more efficient tax systems and stopping the flows, illicit financial flows, for the development of the country.
See Less -
The World Bank Group has long-standing experience in designing more effective social protection programs, improving investment climates, and identifying pro-growth public investments.
... See More + As a global Bank, we stand ready to offer our knowledge and technical assistance wherever we are asked to do so, including in high income countries that are undergoing economic reforms. Middle income countries are searching for new solutions to a different set of challenges. Many of these economies have grown rapidly in recent years. And yet, as we all recognize, the strategies they used to thrive in the past may not be appropriate for the challenges ahead. These include ensuring the participation of poor people in the growth process; closing infrastructure and energy deficits; enacting second-generation policy reforms; and embracing their roles as responsible and generous stakeholders in the global system. In the 68 years since its founding, the World Bank Group has continuously evolved with a changing world. It was originally a 'reconstruction bank,’ focused on rebuilding Europe after World War II. Under Robert McNamara it became a 'lending bank', extending funding for poverty reduction in developing countries. Under Jim Wolfensohn, the Bank transformed again into a ‘knowledge bank’, expanding the institution’s own understanding of the development process and its role in promoting inclusive development.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on conflicts that have caused a devastating amount of violence and destruction, severely affecting the livelihoods of millions of people, and creating destabilizing effects at the global level.
... See More + He talks about support of recovery and reconstruction efforts in the MENA by issuing bonds. He speaks about blending grant resources from donors with lending from multilateral development banks in order to provide concessional-level financing to middle-income countries that are hosting refugees. In conclusion he said that we must work together to mobilize support for the millions of children, women, and men who are victims and hostages of war, and to demonstrate our common commitment to help them survive these conflicts, and create a better life once the guns fall silent.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on the impact of changing demographics, and climate change that affects every nation and every person, but hits poor people the hardest.
... See More + He talks about the half of the world that lives in countries where populations are relatively young and growing, but are poor with little access to quality education and the other half lives in countries where populations are contracting, aging and retiring and their economic growth is at risk as birth rates and the numbers of workers decline. He concludes by saying that the world must act now to put a price on carbon, end fossil fuel subsidies, increase access to renewable energy and improve efficiency, build cleaner and more livable cities, and invest in climate-smart agriculture.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on the period of slow growth, the end of the commodity super-cycle, pending interest-rate hikes, and the continued flight of capital out of emerging markets in the world.
... See More + He talks about governments that must overcome a growing demographic divide to make future progress. He talks about the climate change and the need to cut emissions and invest in greater resilience . He speaks about developing countries that are going to get serious about increasing tax revenues, and stopping illicit flows of money. He mentions about the increase of capacity to support countries all over the world in building successful Purchasing Power Parity (PPP). He concludes by talking about Mexico and its very rapid development in the northern states and the need to apply that model for the development of southern states.
See Less -
The World Bank Group focuses on the extreme poor and the bottom 40 percent because they are the most affected and least able to recover. Over the last few years, a related discussion, on inequality, has taken hold, partly as a result of the financial crisis in 2008 and 2009.
... See More + Last year, Oxfam laid down an unusually sharp challenge in its report, ‘even it up,’ stating that the richest 85 people in the world control as much wealth as the bottom 50 percent of the world, or more than 3.5 billion people. By highlighting the stark reality that so much of the world’s population shares almost none of the world’s wealth, Oxfam touched a nerve. The World Bank Group’s approach to addressing this problem is embodied in a term that suggests a solution: boosting shared prosperity. In our work with governments, we support efforts to ensure that everyone benefits from growth, not just those who already control or have access to capital. We know that to boost shared prosperity, the incomes of the poorest 40 percent must grow, ideally at a rate that matches or exceeds the rate of income growth for the general population.
See Less -
The speech by World Bank Group President Jim Yong Kim has reached an important milestone in adopting the agenda 2030 for sustainable development.
... See More + Its goals and targets represent our commitment to a more ambitious agenda for international development in the next 15 years. At the World Bank Group, we pledge to use our comprehensive experience and knowledge of financing development. We’ll adapt the financial tools of the rich to serve the poor. This will bring our best global development knowledge to tackle the world’s toughest challenges. He have over 50 years of development experience helping countries grow their economies, invest in their people and insure them against falling into poverty. More than ever, he knows what has worked and what hasn’t when it comes to development. Working with the priorities set by developing countries, we’ll tackle challenges and create strategies to resolve them Based on our experience with the Millennium Development Goals, we also know that the Sustainable Development Goals will change the way we work.
See Less -
Education is one of the surest ways we have to end extreme poverty in the world. When young children and their families have access to early childhood development - essential health, nutrition, education, and social protection services, they are afforded the opportunity to learn and lead healthy and productive lives.
... See More + There is strong evidence that investing early in young children increases their capacity to learn when they enter primary school. In turn, this improves their chances of remaining in school rather than dropping out, and of moving on to secondary school. It also considerably boosts their earning potential as adults. On the tennis court, Novak is known for excellence in his all-around game. He has the game’s best return and he often seizes the opportunity to take control of points. My great hope now is that with inspiration from Novak, we will fully seize this new opportunity. We must have new resources and more attention to the early development of young people, and we think that Novak can bring the kind of attention that is urgently required. Universal access to early childhood development programs is the right goal for the world.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on the Chinese economy, it global role in development, and health care reform.
... See More + He appreciated China, that remains the largest contributor to world growth since the global financial crisis. He talks about the progress made by China in several reforms, including lower credit growth, better regulation of shadow banking, and better management of local government borrowing and these reforms hold the key to its continued economic success. He addresses huge infrastructure needs that are critical to end poverty, reducing inequality, and boosting shared prosperity in the world and China's committment to support financially for the same. He concludes by talking about more efficient health care system in China that will lead to a healthier population, boost economic growth and become an engine for job creation.
See Less -
China has built the world's second largest economy. It has undertaken significant reforms in providing all of its citizens with an opportunity to enjoy greater prosperity.
... See More + While China's growth has gradually slowed since 2012 signaling what President Xi has called the new normal, China remains the largest contributor to world growth since the Global Financial Crisis. Over the last couple of years, roughly 30 percent of global growth came from China alone. Growth in China last year was 7.4 percent and we project about a 7 percent growth for 2015 which of course is still the envy of the world. In light of the stock market fluctuations recently, I'd like to emphasize that we believe China's economy is strong and its fundamentals are sound. The country's leaders are moving forward resolutely on their ambitious program of economic and social reforms aimed at transforming China's growth model toward more efficient, equitable and environmentally sustainable growth.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on how Philippines gets hit by more disasters than most other countries and has become recognised as a global leader in building resilience and adaptation to climate change and natural disasters.
... See More + He talks about agriculture that helps to put more carbon back into the ground and both increases productivity and protects the planet. He speaks about typhoon Haiyan, which was such a huge disaster but the Government of the Philippines has been really looking all over the world for the best approaches to adaptation and mitigation and they really are leaders in this area. He said that the increased spending on health and education is, in fact, directly related to economic growth, and make sure the access to education, access to healthcare among the poorest is preserved. He concludes by encouraging the government to continue with the reforms around corruption, to continue the increased investment in infrastructure, health and education, and to continue to try to improve the business environment, that over time will lead to inclusive growth.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on the Ebola epidemic stubbornly continues and sustain zero cases everywhere.
... See More + He talks about the Ebola affected countries and the need to dramatically increase access to essential, quality health care in even the most remote areas, and bolster the capacity of communities and community health workers to serve as the front line for disease prevention and response. He speaks about the need to strengthen the entire health system to achieve universal coverage and end preventable deaths. He talks about not let up until we end this deadly epidemic once and for all and also must stand with the people of Guinea, Liberia, and Sierra Leone and make investments that produce a sustainable recovery. He concludes that as a global community, we must pledge to do whatever it takes to make sure such a preventable crisis never happens again.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on Ethiopia’s commitment to climate action, the role of industrialization in delivering development, and bringing together low-carbon and equitable growth.
... See More + He speaks about the government’s promotion of low-carbon growth, poverty reduction, and climate resilience to tackle the impact of climate changes. He talks about the crucial component of Ethiopia’s drive for growth and transformation will be the development of a vibrant manufacturing and industrial base, which creates jobs for growing urban areas. He assures working with the government to ensure that new industrial parks make use of recycled water and renewable resources, develop green areas, and reflect upgraded environmental standards and inspection systems.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on the critical role of inclusive and sustainable industrialization in the future global development agenda, including to end extreme poverty by 2030.
... See More + He speaks about working with the government of Ethiopia to ensure that new industrial parks make use of recycled water and renewable resources, develop green areas, and reflect upgraded environment standards and environmental inspection systems. He concludes that the United Nations Industrial Development Organization (UNIDO), is providing technical advice regarding the development of industrial zones, covering social and environmental impact studies, the management of such zones, and the incentives package for investors.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. The Third International Conference on Financing for Development represents an important milestone in efforts to achieve universal and sustainable development as we move beyond 2015 and introduce a new set of Sustainable Development Goals.
... See More + This side event aims to mobilize high-level political support for financing for gender equality and women’s empowerment, drawing on global good practices. He discusses on the array of financing sources—private, public, domestic, and international—and policy changes needed to realize the vision of transformative for gender equality and women’s empowerment.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. In collaboration with the multilateral development banks (MDBs), a special side event—Billions to Trillions: Ideas to Action—at the Third International Conference on Financing for Development in Addis Ababa, Ethiopia.
... See More + This session is designed to showcase the issues, solutions and commitments of the regional multilateral development banks and the role of the private sector as we move forward in support of the post-2015 development finance agenda. The aim is to add a level of concreteness to the conversation on unlocking the resources needed to achieve the Sustainable Development Goals (SDGs). He strongly focusses on new approaches and tools to help countries harness national resources more effectively, give voice to the private sector’s experience and highlight ways to strengthen the public-private nexus.
See Less -
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on building Ethiopia’s legacy by presenting the world with a shared vision for substantially increasing funding for the world’s poor.
... See More + He talks about the need to be bold, creative, form strong partnerships, and find new resources to meet our goals of reducing poverty in the world. He talks about how more funding we leverage , means more children we will educate, more patients we will treat, and more vital services we will provide. He concludes that we are part of a growing global movement that is the first generation in humankind that can end extreme poverty.
See Less -
