• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • News

    Leader Profile: Giovanna Prennushi, Lead Economist, World Bank

    The World Bank&#8217;s annual World Development Report (WDR) is a guide to the economic, social and environmental state of the world today. Giovanna Prennushi was part of the core team that prepared the 2006 report. <br><br> Every year the World Bank publishes its WDR, each one focusing on a particular aspect of analysis. Past reports have included topics such as the role of the stat&#8230;

    By FWU Newsletter // 29 June 2006

    The World Bank’s annual World Development Report (WDR) is a guide to the economic, social and environmental state of the world today. Giovanna Prennushi was part of the core team that prepared the 2006 report.


    Every year the World Bank publishes its WDR, each one focusing on a particular aspect of analysis. Past reports have included topics such as the role of the state, transition economies, labor, infrastructure, health, the environment, and poverty. The 2006 WDR, “Equity and Development”, concentrates on inequality of opportunity, both within and among nations, as a situation that sustains extreme deprivation, wastes human potential and often weakens prospects for overall prosperity and economic growth. “The theme of equity has been discussed for a long time. We wanted to take a broader view and widen the perspective of the World Bank generally”, Giovanna explained, “Equity is not the same as equality of income, and it is hard to measure if people have the same opportunities. We looked at a range of indicators across countries and within countries, such as infant mortality rates. Equity is equality of opportunity and avoidance of extreme depravation”.


    The WDR 2006 advocate more equitable access by the poor to health care, education, jobs, capital, and more secure land rights, among others, and calls for greater equality of access to political freedoms and political power. “Societies which are more equitable have a higher chance of succeeding than less equitable ones”. Giovanna asserted, “We should care about equity because if favors development. We make this argument based on two main factors: (1) imperfect markets generate inefficiencies, and (2) power and influence concentrated in the elite is bad for development. We do believe that public policy can expand opportunities”. The WDR 2006 recommends actions to break down stereotyping and discrimination, and improve access by the poor to justice systems and infrastructure.


    An Italian national, Giovanna joined the World Bank in 1993. Before joining the WDR 2006 team, she was Lead Economist in the Poverty Reduction Group, Poverty Reduction and Economic Management Network; she previously worked as a country economist in the South Asia region. Giovanna has a Bachelors degree in Economic and Social Sciences from University of Bocconi in Milan, Italy and gained a PhD in Political Economy from the Carnegie Mellon University in Pittsburgh.


    Giovanna asserted that the WDR is basically a think piece and its impact on development in the future will depend greatly to how much it influences thinking and the way development is carried out in practice by the people who work in development in the Bank and outside the Bank. “There is work that is done to operationalize the document but in this case it will focus much more on within country activities. On the governance of international institutions, what we can hope for is that this is yet another voice that says the system as it is now is not defensible”. She said.

      Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

      About the author

      • FWU Newsletter

        FWU Newsletter

      Search for articles

      Related Jobs

      • Tax Audit Advisor
        Cowater International
        Ethiopia
      • M&E Project Lead/Manager
        Socha LLC
        Myanmar
      • AGRA Communications and Advocacy Associates
        Alliance for a Green Revolution in Africa (AGRA)
        Mozambique
      • See more

      Most Read

      • 1
        Opinion: Mobile credit, savings, and insurance can drive financial health
      • 2
        Strengthening health systems by measuring what really matters
      • 3
        Opinion: India’s bold leadership in turning the tide for TB
      • 4
        Reigniting momentum for maternal, newborn, and child health
      • 5
        Opinion: Why vision is key to unlocking global development potential

      Trending

      Financing for Development Conference

      The Trump Effect

      Newsletters

      Related Stories

      FinanceInside the race to lead the African Development Bank

      Inside the race to lead the African Development Bank

      World Bank Spring MeetingsClimate goals quietly survive at the World Bank despite Trump tensions

      Climate goals quietly survive at the World Bank despite Trump tensions

      Devex InvestedDevex Invested: The race to lead the African Development Bank heats up

      Devex Invested: The race to lead the African Development Bank heats up

      World BankWorld Bank under Trump: What’s next for US influence and funding?

      World Bank under Trump: What’s next for US influence and funding?

      • News
      • Jobs
      • Funding
      • Talent
      • Events

      Devex is the media platform for the global development community.

      A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Post a job
      • Careers at Devex
      • Contact us
      © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement