The UN and World Bank have signed a new partnership to build resilience for the most vulnerable people, particularly, women, girls and children in conflict situations.
According to a joint statement on Saturday, the framework was signed by UN Secretary-General António Guterres and World Bank Group President Jim Kim.
The partnership is in response to global calls for the two institutions to work more closely together on prevention and reducing needs, risks, and vulnerability as the world faces a spike in violent conflict.
The idea is for the two institutions to start building resilience for the world’s most vulnerable people by reducing poverty, promoting shared prosperity, enhancing food security.
It is also geared at sustaining peace in crisis-affected situations.
The Secretary-General has been at World Bank headquarters in Washington, D.C., for the Spring Meetings convened annually by the Bank and the International Monetary Fund (IMF).
The meetings brought together central bank governors, Ministers of Finance and Development, private sector executives, and academics to discuss issues of global concern, such as the world economic outlook, poverty eradication, economic development, and aid effectiveness.
The UN and World Bank noted that human and economic costs of conflict were massive, affecting long-term stability and prospects for economic development and poverty reduction.
Violent conflicts drives 80 per cent of humanitarian needs costs, with the UN estimating that 22.1 billion dollars is required in 2017 for humanitarian assistance, a sharp increase from the nine billion needed just five years ago.
Under the framework agreed, the UN and World Bank will work in complementary ways to reduce the multi-dimensional risks of crisis and help prevent violent conflicts.
They will also develop joint analyses and tools for more effective solutions, and coordinate support to address protracted crises including forced displacement, and scale up impact by leveraging financing.
The new partnership was built on nearly a decade of efforts to strengthen UN-World Bank collaboration in crisis-affected situations and updating an earlier framework signed in 2008.
It also reflected developments since then, including commitments made at the 2016 World Humanitarian Summit calling for a “new way of working” that shifts the focus from “meeting needs” to “reducing needs, risks, and vulnerability”.
The framework also noted the importance of aligning and leveraging financial resources, doing more through innovative and data-driven operational responses.
“To advance this work, the two institutions would focus on building resilience in, among others, situations where there is a risk of violent conflict or ongoing conflict.
Situations with high levels of forced displacement, protracted and post-crisis situations, and when climate change and natural disasters affect these situations, are also areas of focus of the agreement,” a statement said.
Accordingly, the UN and World Bank would identify and reduce critical multi-dimensional risks of crisis, and prevent violent conflict in relevant countries or regions within the mandate of both institutions. (NAN)
