The Knowledge Compact for Action
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Washington, DC: World Bank
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Today’s global challenges are bigger,
more complex, and more intertwined than ever before, from
the relentless grip of poverty and stubborn persistence of
inequality to the devastations caused by climate disasters,
fragility, pandemics, and conflicts. Financing and
investments alone cannot solve these problems in a global
context of higher debt and scarce resources. Now more than
ever, clients are demanding innovative ideas and successful
experiences from other countries to tackle the ongoing and
emerging global crises, regain the development progress of
past decades and move faster towards achieving the
Sustainable Development Goals. At the same time, recent
breakthroughs in technology, including the rapid advances in
artificial intelligence, offer enormous potential to
revolutionize development work. Policymakers and
practitioners across the globe are poised to benefit from
new tools to innovate, act based on evidence and accelerate
the transformation of new ideas into development outcomes
that improve lives of the poor. This paper articulates the
strategic direction of the Knowledge Compact for Action,
which seeks to empower all WBG clients, public and private,
by systematically making the latest development knowledge
available to respond more effectively to increasingly
complex development challenges. The Compact seizes the
opportunity of the digital revolution, bringing together the
wealth of data analytics, research and best practices
accumulated by the WBG over decades and combining this
knowledge with the WBG’s proven mix of public-private
finance to power learning and innovative solutions. This
includes capturing the tacit knowledge embedded in
operations for policymakers and development practitioners to
easily access lessons of development successes and failures
in other countries. Ultimately, the Compact aims to take
knowledge to a new level, placing it front and center of the
WBG’s work to end extreme poverty and boost shared
prosperity on a livable planet.
Palabras clave
NO POVERTY, SDG 1, TECHNOLOGY AND INNOVATION, INDUSTRY, INNOVATION AND INFRASTRUCTURE, SDG 9, SUSTAINABLE DEVELOPMENT GOALS, PARTNERSHIP FOR THE GOALS, SDG 17