The World Bank Group has hosted the world’s first continuous 24 hour economics marathon event aimed at bringing stakeholders together to debate and discuss most important development issues facing the globe.
The event was intended to finding sustainable ways of stimulate economic growth, reduce poverty and assist people most especially in developing countries to learn more about the economics behind international development.
Stakeholders met and discussed into detail about the economics behind international development as well as some major issues currently facing the growth of development which include unemployment, inequality, climate change low economic growth and among other issues.
Development is a process that creates growth, progress, positive change or the addition of physical, economic, environmental, social and demographic components. The purpose of development is a rise in the level and quality of life of the population, and the creation or expansion of local regional income and employment opportunities, without damaging the resources of the environment.
The programme featured dozens of economists on multiple issues crucial to development that various economic stakeholders have always wanted to know more about. Key issues discussed included measures of how to remove barriers that prevent women from participating fully in the workplace; why the need to invest heavily in key sectors of the economy such as education, health as well as other forms of human capital.
Other areas centred during the discussion include how to manage debt financing; how to build more resilient and sustainable water, food, and electricity systems in the wake of a changing climate and the biggest challenges and opportunities for Africa.
A wide range of speakers participated in the event, including World Bank Group President David Malpass, World Bank Chief Executive Officer (CEO) Kristalina Georgieva, Chief Economist Pinelopi Goldberg and a group of Bank Group economists from around the world.