“Water may seem basic, but it is human capital at its best.” - Ajay Banga, President,
@WorldBankGroup
At the World Bank Spring Meetings, one message came through clearly: water is rising on the global agenda. With nearly 4 billion people facing water insecurity, we celebrate the World Bank’s commitment to reach 1 billion more people by 2030, including through new country-led Water Compacts.
At the same time, there is growing recognition that children’s well-being more broadly is still not sufficiently prioritised in international development financing and more is needed to sharpen focus on child-centred investments and actions.
Throughout the week, our delegation engaged with the World Bank teams and World Bank Executive Directors and their offices, bringing attention to the needs of children in low- and middle-income countries and helping to connect the dots between policy, financing, and the lived realities of children and communities.
We are encouraged that many leaders across the Bank and delegations acknowledged the deterioration of child well-being and showing interest in taking action. Also, it was encouraging to see the emphasis on building human capital at the Spring Meetings with significant focus on children.
Some of the important opportunities later this year include the next replenishment of the International Development Association (IDA), development of the World Bank Country Partnership Frameworks and the upcoming World Bank Fragility Forum.
The question is now: What actions should be prioritised to ensure global financing delivers for children and communities? Join the conversation.