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Publication(World Bank, Washington, DC, 2016-08) World BankMany countries in Africa still contend with high levels of child and maternal mortality, malnutrition is far too common, and most health systems are not able to deal effectively with epidemics and the growing burden of chronic diseases. These challenges call for renewed commitments and accelerated progress toward Universal Health Coverage (UHC). Besides the moral argument that it is not acceptable that some members of society should face death, disability, ill health or impoverishment for reasons that could be addressed at limited cost, UHC is a good investment. Prevention of malnutrition and ill health is likely to have enormous benefits in terms of longer and more productive lives, higher earnings, and averted care costs. Effectively meeting demand for family planning will accelerate the fertility transition, which in turn will result in higher rates of economic growth and more rapid poverty reduction. And strong health and disease surveillance systems halt epidemics that take lives and disrupt economies.
Publication(Washington, DC: World Bank, 2012) International Finance CorporationThis annual report of the International Finance Corporation (IFC) summarizes the innovation and leadership roles in the private sector during fiscal year 2012. The IFC invested a record $20.4 billion in 103 developing countries, reflecting a doubling of annual commitments over the last five years. Those investments included nearly $5 billion mobilized from other investors, and an investment for Sub-Saharan Africa totaling $2.7 billion, nearly twice as much as five years ago. The advisory services program expenditures grew to $197 million, up more than 50 percent over the last five years. Advisory services also helped 33 client governments introduce 56 investment-climate reforms that will improve access to basic services for more than 16 million people. IFC investment clients helped support 2.5 million jobs in 2011 and made 23 million loans totaling more than $200 billion to micro, small, and medium enterprises. Net income before grants to the International Development Association (IDA) totaled $1.66 billion. The IFC has invested more than $23 billion in IDA countries, nearly $6 billion of it in fiscal year 2012 alone.
Publication( 2005-09-24) Wolfowitz, PaulPaul Wolfowitz, President of the World Bank, makes the case for ending poverty in our lifetime, especially in Africa. There is an urgent need for action, because thousands of people living in extreme poverty, many of them children, die every day from preventable diseases. The call to end poverty reaches across generations, continents, and nationalities. It spans religions, gender, and politics. Wolfowitz claims that the world is at a turning point, with grounds for hope. The last few decades have witnessed dramatic improvement in the condition of the world's poorest people. He cites as key factors leadership and accountability, respect for women, civil society, the private sector, and legal empowerment of the poor. He concludes that in order to find solutions for alleviating poverty, the World Bank needs to strengthen its knowledge and expertise in such areas as education, health, infrastructure, energy and sustainable development, and agriculture. We must chart a course for a future in which today's poor become tomorrow's entrepreneurs.