For the first time ever, the World Bank asks members of the public to share their thoughts online on risk management for the next World Development Report. Join the conversation March 27.
The World Bank has announced a live chat among participants and the authors of the World Development Report 2014 this Wednesday between 9:30 a.m. and 11:30 a.m. Eastern Daylight Time (1:30 p.m.-3:30 p.m. Greenwich Mean Time). It also welcomes questions from participants outside the scheduled chat session.
The invitation marks the launch of a monthlong online effort by the international financial institution to gather firsthand views and stories on how individuals experience risks and convert them into opportunities.
Through the effort, which is the first of its kind since the report’s inception in 1978, the data collected will be added to the outcome of a broad, on-the-ground consultation by the bank.
The report, entitled ”Managing Risk for Development,” will study how households, communities, businesses, the financial system, governments and international agencies can foster or limit individuals’ capacities to manage their own risk when undergoing challenges.
To this end, the World Bank said the report seeks to answer a number of questions when it is released towards the middle of this year:
How can policymakers move from ad hoc responses to systematic risk management?
How can risk management unleash opportunities?
Who is empowered and who is responsible for risk management?
Should the state “play in the field” or “keep off the grass?”
How can risk management strategies account for information imperfection and deep uncertainty?
See what others on the Web are already saying:
Yehya Al-Ashwal from Yemen: “[The] Arab Spring brought many risks. Are WB and UN aware of the generated risk due to the political and military conflicts in Arab countries?’
Muhammad Shahid Khan from Pakistan: “Global constant inflation is a continuous risk for the middle and poor class[es].”
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About the author
Johanna Morden
Johanna Morden is a community development worker by training and a global development journalist by profession. As a former Devex staff writer based in Manila, she covered the Asian Development Bank as well as Asia-Pacific's aid community at large. Johanna has written for a variety of international publications, covering social issues, disasters, government, ICT, business, and the law.
