Application Essay for the 2018 Selection Process
“Ending extreme poverty by 2030 and boosting shared prosperity in a sustainable manner are the driving missions for the World Bank Group. While the goals are simple to grasp, the efforts it will take to meet them are not. Just as there are many interconnected and overlapping causes behind extreme poverty, the solutions required are just as complex and unique to each country’s individual circumstances. The fundamentals, however, remain true: countries must grow their economies inclusively, so that everyone benefits; they must invest in their people; and they must ensure that those who have left poverty do not fall back into it.
Yet, the world today is much different than it was even just a few years ago. The global community is facing challenges that are diverse in nature—economic, humanitarian, environmental—but that share key features. First, they threaten the hard-won development gains of recent decades; and second, they will not be contained within any one country’s borders. Millions of people have been forcibly displaced by conflict and live in ever-more fragile areas; the risks of pandemics can devastate the health of individuals, but also undermine countries’ economies; and the threats of climate change are becoming ever more apparent.
Everyone will be affected. Yet the poorest and most vulnerable will be affected most. To address these challenges, the World Bank Group is working to become a more agile partner in addressing the world’s most pressing problems. It aims to leverage and apply its unique capabilities to provide the innovative financing and creative solutions that support countries in dealing with these challenges at the local, regional, and global levels. As the world works to confront these challenges,
the World Bank Group will continue to play an essential role in supporting global development and working to safeguard the progress toward the 2030 sustainable development agenda.” (Extract from the 2016 WBG Annual Report)
Describe in fewer than 1,000 words your own contribution and the potential role of World Bank in resolving some of the above challenges. Focus on your area of expertise to describe your proposal.
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