Social Development Strategy: Key Messages

1. Social Development Strategy:Key Messages Steen Lau Jorgensen Tuesday, November 11

2. Social DimensionsEssential to Development • Though global opportunities are abundant, too many people lack capabilities to tap into them. • To address this problem, development must deal with economic, human, environmental and social dimensions such as culture, values, and norms • Generally, development works better when it promotes social change towards more • Inclusion • Cohesion • Accountability These are the principles of social development • These principles overlap with other approaches • Health, education and social protection focus on human capital • Other operational approaches focus on formal institutions

3. World Bank Support to Social Development • World Bank accepts and supports global consensus that social development matters • It has started to incorporate social development into how it operates • Public statements • Investment projects involve e.g., social analysis, participation, accountability. • There is growing evidence that attention to social institutions strengthens portfolio (OED) • Enhances results • Mitigates risks

4. Objective: Support inclusive, cohesive and accountable institutions throughout Bank operations. Strategic priorities: Strengthen policy dialogue and lending Improve project and program effectiveness Enhance the portfolio of social development projects Build on foundation of capacity building, advocacy and research Social DevelopmentObjective and priorities

5. Implementing the Strategy • Generate corporate business strategy by aggregating regional business strategies • Sustain and deepen ongoing corporate directions • Realign World Bank operational and human resource policies, procedures and practices • Strengthen external partnerships • Improve internal collaboration • Reallocate financial, human and managerial resources • Business strategy for Social Development Sector Group • Monitor results • Manage risks