In my very first meeting with a government official, I was asked about World Bank support for geothermal power generation in Djibouti and the exploration needed to identify viable sources. I must admit, at the time, I was not very familiar with the technology. Nevertheless, I learned fast about geothermal energy and about the project that was under preparation.
With investments in infrastructure and efforts to improve the business climate, Algeria is focused on creating the conditions for more robust and inclusive growth.
In a country like Egypt which faces a host of political and economic challenges, innovative solutions are very much in demand. The good news is that there is a wave of innovation and entrepreneurship spreading across the Arab world. The bad news is that micro and small enterprises -- mostly working in low-tech industries -- in Egypt are not getting the support they need to be part of this wave.
“This is the first time when I left a conference that I really felt like we were a family. Already people have sent emails to continue the discussions we had. Some of the participants have really valuable experience with social safety nets and there is a lot we can learn from each other.”
Since when do the hard-nosed folks who work at the World Bank on boosting private sector performance in the Middle East and North Africa go off to conferences to discuss ANGELS? Well, that’s just what we did last month when a team from the finance and private sector unit went to San Francisco to attend the Angel Capital Association (ACA).
The urgent need for help in coping with the massive influx of refugees is especially clear in towns like Mafraq near the Syrian border.
Daunting challenges lie before the Arab-speaking workforce today. Forty million jobs must be created in the next decade to employ the region, home to the highest rate of youth unemployment – not to mention that many countries are still undergoing a period of political transition. The fundamental question about job creation now is where these countries should be headed and how they are getting there.
In Gaza earlier this week I met a group of students learning cutting-edge computer animation skills at a technical institute we support. And I met a crowd of women in a small village where simple street paving has made all the difference to their mobility, their children’s health and access to education, and I sensed, their civic pride. All good barometers of development you'd think except these particular students go out into an economy where youth unemployment hovers at around 50 percent with few prospects for improvement.
The Middle East and North Africa region still lags behind other comparable countries in gender equality. Women’s access to opportunities continues to be restricted by socio-structural obstacles, inflexible mentalities and deep-rooted traditions. The Arab Spring gave women hope that empowerment and greater participation in decision-making were possible, but future progress is threatened.