BANDA ACEH, DECEMBER 26 2005. The chartered planes carrying foreign dignitaries and government officials began arriving at the tiny airport long before dawn, heralding one year to the day that the tsunami devastated Aceh’s coastline. The Indonesian President, Susilo Bambang Yudhoyono, was scheduled to open a two-day series of commemoration events with an 8am ceremony at Ulee Lheu port –- one of the worst hit locations in Banda.
- Paul Wolfowitz on the priorities for world development
- Amartya Sen on India’s rising star
- Daniel Yergin on the future of the oil market
- Daniel Franklin on the world’s biggest economies, and
- Simon Long on India’s emerging market.
HBS recently hosted the ‘Global Poverty: Business Solutions and Approaches’ conference. Nothing groundbreaking, but an interesting group of speakers and papers. Its great that the event happened, but I would have liked to have seen more private sector people and less academics presenting. Thanks to NextBillion for pulling the material together.
Audio and video from the recent United Nations and Sun Microsystems sponsored Pop!Tech event is now available online (Part 1 & 2). This excellent event brought together young African thought leaders to discuss the role of technology in changing communities and fighting poverty and disease. Several of those in attendance were also blogging from the event.
Long-term reconstruction differs significantly from the provision of immediate postdisaster rescue and relief. While speed remains important, proper planning becomes even more crucial. Putting up temporary housing is relatively fast and easy, but rebuilding a viable and vibrant community is not.
To move cash the few score miles between Mogadishu, Somalia's lawless official capital, and Jowhar, the seat of its transitional government, a local money-vendor has to pay $6,000. For that he gets an armoured lorry, 30 gunmen and three “technicals” — jeeps with heavy machineguns. What he doesn't get is insurance or any recourse to a state authority if his gunmen are killed, for state authority does not exist. But the money vendor still moves the cash, if the amount is big enough, and still makes a profit.
Mohammed El Qorchi has a good primer on Islamic finance - discussing recent trends, new instruments, and future challenges: