April 16, 2025 1:57 am
Full News

World Bank Celebrates Rebuilding of Mostar Bridge, a Symbol of Reconciliation in Bosnia and Herzegovina”

We had the honor last week to walk together across the iconic Old Bridge, or Stari Most, which connects the two parts of the city of Mostar in Bosnia and Herzegovina. Two decades after the reconstruction of this unique symbol of reconciliation, Mostar’s message to the world remains as powerful as ever: peace and progress are attainable, but they require scaling up efforts and partnerships to promote economic development and address the root causes of fragility and conflict. The story of the Mostar Bridge is a microcosm of Bosnia and Herzegovina’s journey from conflict to recovery. When artillery fire brought down the bridge in 1993, it shattered more than just an architectural and national treasure. As one resident told us, “It was the saddest day of our lives. We wept for it as if it were a loved one.” The bridge’s collapse represented the fracturing of a diverse society and underscored the daunting challenges of reconciliation.

Yet, against all odds, the bridge rose again. This resurrection was made possible by the determination of local communities, the authorities, and the swift action of international partners, including the World Bank Group. Through emergency operations financed by the International Development Association (IDA), the World Bank’s fund for low-income countries, we helped Bosnia and Herzegovina rebuild not just its infrastructure, but its economy and social fabric.

Today, Bosnia and Herzegovina stands as a testament to what is possible when the international community rallies behind a country emerging from conflict. It has transformed from a low-income to an upper-middle-income status country aspiring to join the European Union. As Bosnia and Herzegovina continues to rebuild and develop its economy, it made the leap to become an IDA donor in 2023, ready to help other nations on their journey to stability and prosperity.

However, as we celebrate these achievements, we cannot ignore the stark reality facing many other parts of the world. Since 2010, violent conflict has surged dramatically in several regions. The COVID-19 pandemic has further destabilized fragile situations across the globe, from Asia and Africa to Latin America and the Caribbean, and more recently in Eastern Europe and the Middle East.

The statistics are sobering. The World Bank estimates that 324 million extremely poor people live in 33 countries classified as fragile and conflict affected. By 2030, nearly 60 percent of the world’s extreme poor will reside in such nations. Conflict is also the primary driver of hunger, with 70 percent of the world’s hungry living in war-torn areas.

Despite these overwhelming challenges, we remain committed to helping countries transition from crisis to achieving sustainable growth so that they can chart their own futures. Over the past five years, the World Bank has significantly increased our engagement in fragile and conflict-affected situations. The share of IDA resources going to these countries has increased fivefold over the past decade, now comprising about 40 percent of total IDA resources. Our approach is multi-faceted and adaptive. We’re scaling up support in critical regions like the Sahel, Lake Chad, the Horn of Africa, and Central Asia. We’ve introduced targeted financing mechanisms like the Fragility, Conflict, and Violence Envelope and the Window for Host Communities and Refugees. These tools allow us to tailor our support to specific situations and address the complex needs of both refugee and host populations.

Partnerships are at the heart of our work, particularly in fragile contexts. We’re strengthening collaborations with United Nations agencies, the International Monetary Fund, development banks, the European Commission, bilateral partners, regional institutions, and civil society organizations. Through these partnerships, we’ve achieved tangible results.

In Burkina Faso, our program has supported the socio-economic reintegration of internally displaced persons through support for income-generating activities and awareness-raising sessions on social cohesion. In the Central African Republic, our cash-for-work program has given jobs to tens of thousands of vulnerable individuals. In Rwanda, we’ve supported the demobilization and reintegration of 70,000 ex-combatants into society. In Kosovo, thanks to the extension of fiber-optic high-speed broadband to over 200 villages, more than 60,000 individuals in rural areas, remote schools, and hospitals have gained access to the digital world. In Ukraine, with resources from the international community, the World Bank Group has helped deliver essential services to the population, facilitated infrastructure repairs, and supported key reforms. Affected neighboring countries have also received support to help refugees and mitigate the impact of the crisis.

As we reflect on our visit to Mostar, we’re reminded that the need to build bridges—both literal and metaphorical—has never been greater. The reconstruction of Stari Most wasn’t just about restoring a physical structure, it was about reconnecting communities and rekindling hope. This is the essence of our mission at the World Bank Group.

We believe that by providing people with opportunities, driving economic development, creating jobs, and fostering inclusion, we can build bridges between communities torn apart by conflict. We can transform fragility into resilience, and conflict into cooperation.

The journey from destruction to reconstruction, from poverty to prosperity, is never easy. However, as the story of Mostar Bridge shows, it is possible. With unwavering commitment, strong partnerships, and targeted support, we can help more countries cross the bridge to a peaceful and prosperous future.

Related News
Church of England’s Christmas Plea for Repentance Amid Abuse Scandals
The Parts of the UN Human Rights Commission Report That Yunus’ Press Wing Is Not Allowing Any Media to Publish!
Stargazers Marvel at Rare Blood Moon During Total Lunar Eclipse
Senate Set to Vote on Tulsi Gabbard’s Confirmation as Director of National Intelligence
Aditya-L1: India’s Solar Mission Paves the Way for Space Weather Protection
Elizabeth Warren Urges Ethics Oversight for Elon Musk in Trump Transition Role
Related Posts
Palestinian Group Rejects Israel’s Ceasefire Proposal
Singapore Dissolves Parliament Ahead of National Election
Indian-Origin NASA Official Neela Rajendra Fired Following Trump’s Executive Order
Trump Suspends Over $2 Billion Funding to Harvard University
China Tightens Control Over Rare Earth Exports, Impacting US Defense Industry
New Twist in Saif Ali Khan Stabbing Case
More News

British Singer and Actress Marianne Faithfull Passes Away at 78

Iconic British singer and actress Marianne Faithfull has passed away at the age of 78. Her death was confirmed by her spokesperson, who shared the news with the media on Tuesday. Faithfull, known for her timeless hit “As Tears Go By,” gained widespread fame in the 1960s and was remembered fondly by music lovers of […]

‘Squid Game’ Actress Lee Joo-sil Dies at 81 After Cancer Diagnosis

Lee Joo-sil, the beloved actress from the global hit Squid Game, has passed away at the age of 81, just three months after being diagnosed with stomach cancer. According to The Chosun Ilbo, Lee died on Sunday at her family home in Uijeongbu, South Korea. Lee’s cancer diagnosis came in November 2024, but she had […]

Bangladesh High Court Reduces ULFA Chief Paresh Baruah’s Death Sentence to Life Imprisonment

The Bangladeshi High Court has commuted the death sentence of Paresh Baruah, the chief of the United Liberation Front of Asom (ULFA), to life imprisonment. The decision, delivered on Wednesday, is linked to the infamous 2004 weapons smuggling case, as reported by The Times of India.The verdict was issued by a bench comprising Justices Mustafa […]

Israeli Military Revises Account of Gaza Incident as Calls for Independent Inquiry Mount

The Israeli military has revised its account of the killing of 15 emergency workers near Rafah, Gaza, on March 23, as investigations continue. The paramedics and responders were shot dead and buried in a shallow grave, which was discovered a week later by United Nations officials and the Palestinian Red Crescent. Another emergency worker remains […]

India and US Aim for “Win-Win” Trade Deal Within 90 Days

India and the United States have officially agreed to negotiate a new trade deal, signaling a major development in economic relations between the two nations. As one of the fastest-growing economies in the world and a key member of the BRICS coalition, India is looking to strengthen its trade ties with the U.S., which remains […]

Bangladesh, India, Pakistan: A New Geopolitical Equation?

In recent months, South Asia has witnessed a whirlwind of geopolitical shifts, but one development stands out as both unexpected and consequential: the budding opportunities for partnership between Pakistan and Bangladesh. However, this evolving dynamic must be viewed in the context of the deep and enduring ties between India and Bangladesh, which are rooted in […]

Alcaraz Clinches First Monte Carlo Masters Title

Carlos Alcaraz secured his first Monte Carlo Masters title on Sunday, defeating Italy’s Lorenzo Musetti 3-6, 6-1, 6-0 in the final. This victory marks the sixth Masters 1000 title for the 21-year-old Spaniard and his biggest win since claiming Wimbledon last year. “It’s been a tough week and an even tougher month, both on and […]

Human Rights Council Advisory Committee to Hold 32nd Session in Geneva from December 16-20

UN Human Rights Council Advisory Committee to Address Key Global Issues in 32nd Session GENEVA – The Human Rights Council Advisory Committee will convene its 32nd session from December 16 to 20, 2024, at the Palais des Nations in Geneva. Rescheduled from August, the session will take place in Room XX and will explore the […]

Kuwait Bestows Highest Honour ‘The Order of Mubarak Al Kabeer’ on Prime Minister Narendra Modi

Prime Minister Narendra Modi has been awarded Kuwait’s highest civilian honour, “The Order of Mubarak Al Kabeer,” in recognition of his efforts to strengthen bilateral ties and global diplomacy. The prestigious knighthood order was presented to Mr. Modi on Sunday, December 22, 2024, during his two-day official visit to Kuwait at the invitation of Emir […]

Volker Türk Urges Protection of Minority Rights at UN Forum on Minority Issues

GENEVA – Volker Türk, the UN High Commissioner for Human Rights, called on states to protect minority rights and ensure fair representation during the 17th session of the UN Human Rights Council’s Forum on Minority Issues, held on November 28-29 in Geneva. “Minorities are a key part of the rich kaleidoscope that makes up our […]