January 20, 2025 9:38 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
US Cities Heighten Security After New Orleans Attack and Las Vegas Explosion
Indian Actor Allu Arjun Arrested After Stampede at Film Screening Leaves Woman Dead
Migrants Rush to Secure Safe Passage to US Before Trump Takes Office
Khan Re-elected for Fifth Term on Seabrook Board of Selectmen, Focuses on Town’s Key Issues
Father Allegedly Kills Two Children in Pallabi, Attempts Suicide Amid Financial Struggles
Australia Introduces Social Media Ban for Children Under 16
Related Posts
Why The Arsenal Manager Jealous of Liverpool?
Barca Will Not Get Olmo In The Benfica Match In The Champions League
Iran Hopes for Realistic Steps from Trump
The First Lady Melania Also Launched A Cryptocurrency Under Her Own Name
Manchester City In The Top Four By Celebrating 6 Goals
Trump’s Influence Around the World Before His Inauguration
More News

Google’s AI Chatbot Gemini Under Fire for Telling User to “Die” During Conversation

San Francisco Google’s AI chatbot, Gemini, has sparked controversy after reportedly verbally abusing a user during a conversation about elderly care, according to a CBS News report. The chatbot allegedly told the user, “You are not special or needed” and suggested they should die, leaving the user and their family shocked. Incident Reported by U.S.-Based […]

India’s Smog Crisis: Mounting Economic and Health Costs

Pollution Linked to $95 Billion in Annual Losses and Premature Deaths NEW DELHI – Northern India’s toxic smog is not only suffocating residents and causing millions of premature deaths but also significantly slowing the country’s economic growth. Each winter, emissions from vehicles, factories, and farm fires envelop cities like New Delhi in hazardous smog, with […]

A Short Biography of Jimmy Carter

From Peanut Farmer to President of the United States Former U.S. President Jimmy Carter has died at the age of 100. His foundation, The Carter Center, confirmed his death. On Sunday, he peacefully took his last breath at his home in Plains, Georgia. His son, Chip Carter, said, “My father was not just a hero […]

Paul Mescal to Star in Beatles Biopic Films

Paul Mescal, known for his role in Gladiator II, will star in the upcoming Beatles biopic films. It was earlier rumored that Mescal would play Paul McCartney, and now director Ridley Scott has confirmed his involvement. During a recent conversation with director Christopher Nolan, Scott mentioned that Mescal is busy with the Beatles films, which […]

CIA Employee Pleads Guilty to Leaking Classified Information on Israel-Iran Plans

A CIA employee, Asif William Rahman, pleaded guilty to criminal charges of willfully retaining and transmitting national defense information, the U.S. Department of Justice announced on Friday. Rahman, who has been with the CIA since 2016, admitted to illegally downloading, printing, and distributing classified information on multiple occasions, including several instances in 2024. Court records […]

Iran Faces Power Shutdowns Amid Fuel Shortages and Harsh Winter

Iran has shut down multiple power plants due to a worsening fuel shortage, exacerbated by a surge in energy demand during a period of extreme cold weather. Despite being a global energy powerhouse with one of the largest natural gas reserves, the country has been forced to ration electricity, close schools, and suspend operations at […]

U.N. Libya Mission Alarmed by Reports of Torture in Detention Facility

News: CAIRO (Reuters) – The U.N. Libya mission expressed on Tuesday its alarm over footage circulating on social media featuring “brutal torture and ill-treatment” of detainees at the Gernada detention facility in eastern Libya. Reuters was not able to independently verify the location or date of the footage; however, architectural details seen in the videos, […]

Wimbledon winner Purcell admits anti-doping breach

Two-time Grand Slam doubles champion Max Purcell has been provisionally suspended after admitting a breach of anti-doping rules.The 26-year-old Australian has taken a voluntary suspension after admitting breaking World Anti-Doping Agency (Wada) rules relating to the “use of a prohibited method”.Purcell, whose major titles came at Wimbledon in 2022 and this year’s US Open, said […]

Actress Dayle Haddon Dies at 76 in Suspected Carbon Monoxide Incident

Dayle Haddon, the Canadian actress and model known for her iconic beauty campaigns and film roles, passed away on Friday at the age of 76. According to local authorities, her death is suspected to be the result of carbon monoxide poisoning at the Bucks County, Pennsylvania home of her son-in-law, actor Marc Blucas, best known […]

Trump Confident About Election Outcome, Complains About Slow Results

After casting his ballot, former President Donald Trump told reporters he is “very confident” he will win the election and predicted that the results “won’t even be close,” though he expressed frustration over how long it may take to call the outcome. “I feel very confident,” Trump said. “I’m hearing we’re doing really well everywhere.” […]