Give us 20 minutes, and we’ll take you on a journey around the world of international development in this flagship podcast from the World Bank Group. Everyday World Bank researchers and staffers are working to address the biggest international problems – everything from poverty to climate change, education to nutrition, and a whole lot more. Through conversations focused on revealing the latest data, the best research, and the solutions making the world a better place, let hosts Paul Blake and Raka Banerjee introduce you to the folks working to make the world a better place.
As COVID-19 Wreaks Havoc on Service Workers, is the Informal Sector Increasing Global Inequality?
Around the world, some 70% of economic activity is taking place in the shadows – and no, we’re not talking about drug smuggling or other illegal commerce.
In this edition of The Development Podcast, the team takes a deep dive into a new analysis that has revealed that the informal sector – firms and workers outside the line of sight of governments in emerging market and developing economies – accounts for about a third of GDP and more than 70 percent of employment.
From Cidade Estrutural – one of the poorest neighborhoods in Brasília, Brazil – we hear from Abadia Teixeira de Jesus, who has spent her life climbing out of the economic shadows and into formal employment – only to be knocked back into informality by COVID-19.
Back in Washington, Raka and Paul speak with Franziska Ohnsorge, the manager of the World Bank’s Prospects Group, about her new book, https://www.worldbank.org/en/research/publication/informal-economy (The Long Shadow of Informality), and what these stunning datapoints mean for the long-term development goals of emerging market and developing economies.
About the Development Podcast:
The World Bank’s Development Podcast takes you on a journey around the world of international development, revealing the latest data, research, and solutions to reduce global poverty and achieve a sustainable future.
'We’re learning that development is very fragile‘ - Expert roundtable on the COVID-19 response successes and challenges
In our first episode of 2021, we invited an all star panel of development experts - including UNICEF’s Henrietta Fore, economist and author Dambisa Moyo, Save the Children’s Kevin Watkins, and the World Bank’s Axel van Trotsenburg - to share what’s worked, what hasn’t, and what’s next when it comes to the COVID-19 response.
End of Year Special: The World Bank Group’s President and IFC Interim Managing Director reflect on the impact of COVID-19 in 2020, and the opportunities for recovery in 2021
“COVID has been a big setback and particularly a setback for the poorest countries. But I think there are some opportunities that we can build on into the future.” World Bank Group President, David Malpass on his hopes for 2021.
In a special year end edition of The Development Podcast, President Malpass and Interim MD and COO of the IFC, the Bank’s private sector arm, look back on 2020 and examine the path to a resilient recovery in 2021.
“I really do hope that as we come out of this, we can think about a resilient recovery that's about greater equality.” Stephanie von Friedeburg explains how the pandemic has laid bare global inequalities.
‘This is a once in a century, global – truly global – crisis’ – A health check on the global economy with the World Bank’s Chief Economist and President
“Even by the standards of systemic crises, this is a once in a century, global – truly global – crisis,” explains Carmen Reinhart, the World Bank’s newly-appointed Chief Economist, about the pandemic-led economic downturn.
In a special appearance on The Development Podcast, Reinhart and World Bank Group President David Malpass give us their perspective on the health of the global economy and what they believe a path to recovery looks like.
“More-so than the 2008 crisis,” according to Malpass, “this one is really hitting the poor, hitting the developing countries. It’s not only a financial crisis, but it’s a true deep, deep economic crisis.”
Plus: Pabsy Mariano joins hosts Paul Blake and Raka Banerjee to preview this year’s entirely virtual World Bank Group – IMF Annual Meetings and details how you can participate from home.
-Read Carmen and Vincent Reinhart’s article, “The Pandemic Depression”, in Foreign Affairs: https://www.foreignaffairs.com/articles/united-states/2020-08-06/coronavirus-depression-global-economy
-Get the latest on the 2020 World Bank Group – IMF Annual Meetings and plan to participate: http://live.worldbank.org
‘The Pandemic is Not Gender Neutral’ – How COVID-19 is Uniquely Threatening Women and Girls
On the latest edition of The Development Podcast, we explore the gender dynamics at play during the COVID-19 pandemic with the World Bank’s Global Director for Gender, Caren Grown.
“It turns out actually that the pandemic is not gender neutral,” Grown tells us, explaining that women and girls face distinct risks including increased exposure to the virus on health care front lines, potentially larger impacts to their livelihoods during lockdowns, as well as heightened risk of domestic violence.
As always you can send us your questions and comments: TheDevelopmentPodcast@WorldBank.org
‘A way to give developing countries more resources in a time when they need it most’ – Helping poor countries suspend their debt service payments during COVID-19
Developing countries are under tremendous strain while attempting to respond to the coronavirus pandemic.
To try and free-up resources so that they can better protect lives and livelihoods, the World Bank Group and International Monetary Fund in April called on creditors to allow lower income countries to suspend their bilateral debt service payments and focus resources on responding to the pandemic. The plan – called the Debt Service Suspension Initiative (DSSI) – was taken up by G20 Finance Ministers.
On this edition of the Development Podcast, we hear from the World Bank Group’s Global Director for Macroeconomics, Trade and Investment, Marcello Estevão, who answers our questions on how the program works and just how effective it has been.
And send us your questions and comments: TheDevelopmentPodcast@WorldBank.org