World Bank, UNESCO Expand Partnership

The World Bank and UNESCO have vowed to broaden their cooperation, which has previously focused on the conservation of World Heritage sites.

The two organizations signed on July 1 a memorandum of understanding that provides a framework for their technical cooperation. Future joint efforts by the World Bank and UNESCO will target “urban development for cultural heritage and the economics of culture, but will also extend to cultural diversity and social inclusion,” said Inger Andersen, World Bank vice president for sustainable development, in a news release.

“By joining forces, UNESCO and the World Bank can provide very positive input for the improvement of aid effectiveness, and make the most of culture as a motor for social development and poverty alleviation, through employment and job creation,” UNESCO Director-General Irina Bokova said. “We believe also we can give impetus and concrete follow up to the recent resolution of the United Nations General Assembly which underlined the links between culture and development.” 

Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders – emailed to you FREE every business day.

About the author

  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.