SubscribeSubscribe to this blog's feed
2014 World Development Report Champions Future Preparedness
The World Bank released its 2014 World Development Report (WDR) last week. Previously, “risk management” was not a commonly-heard phrase in global development, but the WDR makes a good case for why it should be. As the world — developing regions especially — anticipates economic crises and more frequent natural disasters in the context of a rapidly rising population, the World Bank argues that people now more than ever need to be better prepared to cope with whatever the future may bring.
Over the past 25 years, there has been unprecedented progress in improving livelihoods in developing countries. Driven by global efforts such as the Millennium Development Goals (MDGs), national and international leaders have joined with partners across civil society, the private sector, and local communities to identify and carry out effective strategies. The world has met the MDG target of cutting the rate of extreme poverty in half. Other measurements of the eight MDGs also reveal considerable progress. But the World Bank warns that these advancements could easily be lost if national governments do not take decisive steps to identify and prepare to mitigate both existing and emerging risks. New risks are, however, accompanied by a host of new opportunities. Inaction may be the riskiest option of all.
Even after the unprecedented efforts of the past few years, more than half of the population of the developing world lives on less than $2.50 a day. And as we mentioned in Institute Notes last week, there are still 842 million people who are chronically hungry. All are vulnerable to falling deeper into poverty, hunger, and poor health when confronted with economic and environmental shocks or armed conflict.
The focus of this year’s WDR is on reliable information and sound planning. In its own words:
The WDR 2014’s value added resides in its emphasis on managing risks in a proactive, systemic, and integrated way. These characteristics underscore the importance of forward-looking planning and preparation in a context of uncertainty.
Other major players in global development concur with the WDR assessment. For example, the International Food Policy Research Institute (IFPRI) has just released its Global Hunger Index, which argues that greater resilience in international agricultural and economic systems is critical to boosting food and nutrition security.In her recently launched briefing paper, Bread for the World Institute’s Faustine Wabwire also stresses the importance of resilience in whatever post-2015 plan emergesto replace the MDGs. Preparing more effectively for the future – whether in the United States or in developing countries – is (not coincidentally) a major emphasis of our 2014 Hunger Report, Ending Hunger in America, to be released on November 25. Keep a lookout for upcoming Institute Notes posts with more details on this exciting new report as that date approaches!
Posted by Bread on October 15, 2013 in Africa, Agriculture, Asia, Assets for the Poor, Climate Change, Development Assistance, Economic Development, Food Aid, Food Prices, Foreign Aid Reform, Global Hunger, Good Governance, Hunger Hotspots, Hunger Report, Immigration, Inequality, Latin America, Malnutrition, Maternal and Child Nutrition, Millennium Challenge Account, Millennium Development Goals, Religion and Hunger, Trade, U.S. Hunger, Weblogs | Comments (0) | TrackBack (0)
TrackBack URL for this entry:
Listed below are links to weblogs that reference 2014 World Development Report Champions Future Preparedness:
Get updates on issues and actions to take on behalf of hungry people.