In a world of increasingly fluid labor markets, many older workers fear being pushed aside and out of their jobs by younger, more dynamic employees. But is this worry really justified? Are we less productive as we age?
Yet, this will only happen if we have the right skills and abilities for the job also at old age. It is quite obvious that our body becomes slower and weaker as we grow old - but what about our brain? And even if our body and brain get weaker - does it matter for employers?
The World Bank Group sees the pillars of a more open and citizen centric government--transparency, citizen participation, and collaboration--as strategic priorities in its work on governance because they suggest concrete ways to promote shared prosperity. Having made significant strides to increasing openness in the Bank's own work, we seek to build on this progress to support client governments in their own efforts to make the development process more inclusive.
One question that often arises when I meet colleagues who work on climate change is how the energy sector in the Middle East will adapt to a carbon-constrained world. In May 2015, my inbox was flooded with articles that quoted the Minister of Petroleum and Mineral Resources of Saudi Arabia, Mr. Ali al-Naimi, who declared that Saudi Arabia aspires to be a global power in solar and wind and could start exporting renewable energy instead of fossil fuels in the coming years.
“Plantain nu eat like rice” — a Caribbean saying roughly translated as “Make do with what is available to you” — applies to the region’s experience with public-private partnerships (PPPs) as well as to life on the islands. For many decades, implementation of PPPs in the Caribbean has been mixed; government officials and citizens alike have had to “make do” with these results.
Some partnerships have successfully delivered new or improved roads, ports, airports, bulk water treatment facilities, and electricity generation plants, along with other high-quality infrastructure facilities. However, other promising PPPs faced challenges that were never overcome. In many cases, the complexity of the PPP development and implementation process meant long delays in delivering projects; others resulted in questionable value or unexpected costs to governments or consumers.
To help Caribbean governments fulfill the promise of PPPs to deliver improved infrastructure assets and services, the Caribbean Development Bank (CDB), the Inter-American Development Bank (IDB), the Multilateral Investment Fund (MIF), the World Bank Group (WBG), and the Public-Private Infrastructure Advisory Facility (PPIAF) have created the Caribbean Regional Support Facility. This US$1.2 million program was launched at the High-Level Workshop on Practical Implementation on PPPs in Saint Lucia on June 15. An important component of its near-term activities, an upcoming series of boot camp-style workshops, will increase technical capacity among Caribbean government officials, offering the depth and breadth that’s been missing from the PPP market.
Municipality of Guatapé in Colombia. Photo - Adrienne Hathaway / World Bank
Over the last 25 years, the relevance of local governments (states, provinces, municipalities, etc.) in Latin America has been constantly increasing. The process started with a wave of decentralization, particularly in the education and health sectors, followed by the increasing of other responsibilities of local governments (with the accompanying budget!), and most recently topped off by the allocation of additional investment resources fueled by the commodities boom of the mid-2000s. Currently, in some countries, half of the national budget is now allocated to lower levels of governments.