At World Bank Spring Meetings, it's all about 'risk'

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By Michael Igoe, Sophie Edwards

Development is a form of risk mitigation — against global instability, fragile states and a lost generation — the World Bank told donors throughout a week of discussions clouded by shrinking budgets and tumultuous global politics.

IFC boss on the institution's role in Jim Kim's new vision for development finance

The CEO of the International Finance Corporation — Philippe Le Houérou — talked to Devex about the key role the IFC will play as a market creator in the World Bank Group's new strategy to position itself as an "honest broker" helping move trillions of dollars of private money into developing countries.

Could unemployed youth solve the health care worker crisis?

Forty million new health and social care jobs must be created by 2030 to achieve universal health coverage. At the same time, global youth unemployment has reached 71 million. Could the two problems be used to solve each other?

Collier: Despite progress, 'profound change' still needed at IFC

New leadership at the International Finance Corporation is transforming the institution — but a "profound change" is needed if it is to become a "public development agency whose interest is to develop the country, not to make money," according to development heavyweight Paul Collier.

Gordon Brown: Global education is 'the civil rights struggle of our time'

Former U.K. Prime Minister Gordon Brown outlines plans for a new financial facility to leverage money for education in the world's poorest countries and address a crisis that he describes as the "civil rights struggle of our time."

Opinion: Lifting the next billion out of poverty

Nearly one billion people have lifted themselves out of extreme poverty since the Cold War. Project Concern International President and CEO Carrie Hessler-Radelet charts a path for the next billion.

Q&A: IFRC VP on how to prepare for cyclical disasters

IFRC Vice President Abbas Gullet talks to Devex about using information and technology to help empower first responders in emergency and disaster situations.

How to tell your organization's story in the age of Trump

Devex spoke with James Helm, partner at Portland Communications and former spokesperson for the United Kingdom's Department for International Development, about how to craft a compelling communications strategy, at a time when views of global development cooperation are changing.

New dangers in Yemen food crisis with use of landmines, port bombing fears

Already "on the brink of famine," the United Nations and Human Rights Watch warned on Thursday that Yemen's food security crisis is being exacerbated by the use of unauthorized landmines and the bombing fears of a port responsible for 80 percent of the country's food imports.

Investments in health and education of adolescents can bring huge returns

Investing in programs to improve the well-being and health of adolescents could bring a tenfold economic benefit to countries experiencing a demographic shift toward an increasingly youthful population, a new report by The Lancet has found. Development experts and donors gathered at the World Bank to discuss the findings.

Could global trade rules on e-commerce do more harm than good?

E-commerce represents a huge economic opportunity and the U.N. is pushing for developing countries to improve their capacities. But as experts gather in Geneva, developing countries themselves are divided about whether the drive for global trade rules could cause more harm than good.

Q&A: SystemOne CEO on data solutions improving health care in developing countries

Software and services for SystemOne are increasingly being used in developing countries to improve the ability to diagnose, respond to and monitor diseases including Ebola and Zika. Chris Macek, CEO of SystemOne, discussed with Devex their journey and the road ahead for improved diagnostics in developing countries.

Want a World Bank promotion? Prepare a commercially viable project.

The World Bank is currently set up to reward staff for getting loans out the door. But staffers who set up projects the private sector can handle are the ones who should get promotions, said President Jim Kim.

World Bank President Kim: Time to 'come up with a new plan' for climate finance

World Bank President Jim Kim spoke to reporters Thursday about the need to rethink climate finance, reported cuts to the U.K. aid budget, and World Bank cooperation with China.

UK snap election: Are aid commitments at risk?

As the U.K. heads for a snap election on June 8, concerns are being raised that the government's legal commitment to spend 0.7 percent of gross national income on foreign aid is looking vulnerable.

To connect the world, Facebook builds human networks, not just physical ones

A new initiative connecting developers on a local level to collaborate, learn, and code with each other is just one aspect of this year's F8 conference that demonstrates a shift in approach for the tech giant.

IOM inches closer to global migration compact

Formal negotiations for the new migration framework will begin in early 2018, International Organization for Migration Director-General William Swing tells Devex. The compact aims to lay out principles and commitments that individual governments would use as a guide on cross-border and migration coordination.

Are World Bank staffers, and projects, suffering from too much screen time?

The World Bank’s inspection panel released lessons from its assessments of environmental and social harm caused by bank projects. One of their messages is that bank staffers should rely less on documents and computer models and more on their own observations of what is actually happening at — and around — a project site.

World Bank ramps up work on preventing gender-based violence

Preventing gender-based violence will be a priority for his second term at the World Bank, President Jim Kim said during an award ceremony for innovative researchers and organizations working on GBV.

Strides in progress on Neglected Tropical Diseases as global partners meet

A new report from the World Health Organization suggests that the number of people at-risk from Neglected Tropical Diseases is down by 20 percent over the past five years, as public and private sector representatives gather in Geneva, Switzerland, to discuss the road ahead

While aid donors embrace transformation, India mulls a universal basic income

While some countries and aid donors have dabbled in direct cash transfers, India is looking at whether rolling out a massive basic income program could eliminate poverty from the country entirely.

Inside Development

Trump budget woes, Yemen pledges, and Ivanka's fund for women: This week in development news

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More details about the Trump foreign aid budget sent the U.S. development community reeling, donors came through with money for Yemen, while Ivanka Trump and the World Bank are combining forces for women’s empowerment. This week in development news.

Global Views

Opinion: Foreign aid works for us all

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Save the Children CEO Carolyn Miles explores how promoting health, education, gender equality and economic opportunities for communities around the world leads to more stable societies in the U.S.

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