Skip to main content

World Bank releases 2011 World Development Report

By Kofi Ahovi
The World Bank Group has released the 2011 World Development Report (WDR) dubbed “Conflict, Security and Development”.

According to the report, some 1.5 billion people live in countries affected by repeated cycles of political and criminal violence, causing misery and disrupting development.

The report stated that some 42 million people out of the number were displaced as a result of conflict, violence and human rights abuses, with 15 million being refugees outside their country.

“To break these cycles, it is crucial to strengthen legitimate national institutions and governance in order to provide citizen security, justice and jobs to alleviate international stresses that increase the risks of violent conflict,” WDR advised.

The countries affected by conflict and extreme criminal violence fall far behind in development and worsening the poverty situation in the low income countries making it difficult for them to achieve a single Millennium Development Goal (MDG).

According to the report, more than 90% of civil wars in the 2000s occurred in countries that already experienced a civil war 30 years earlier.

The report noted that without a basic level of citizen security there could not be enduring social and economic development, adding that without a sufficiently broad coalition based on confidence in improved justice and shared economic prospects, it was difficult to sustain the momentum of change.

The report said exceptional efforts were needed to restore confidence in national leaders’ ability to manage the crisis through a combination of actions that signalled a break with the past and gestures that locked in these actions, thus giving people confidence that they would not be reversed.

According to the report, youth unemployment, inequality between social, ethnic, regional or religious groups, economic shocks as well as infiltration of trafficking networks and foreign security interference were some of the negative effects.

It observed the current system of diplomatic, security and development institutions designed to address the problem of interstate and civil war had helped many countries to recover from civil war.

The report called for the need to invest in prevention through confidence building, citizen security, justice and jobs, reforming internal agency procedure to manage risks and results, acting regionally and globally on external stresses, and marshalling the combined experience and resources of low, middle and high income countries in tackling violence.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...