Egypt ranks as one of the world’s most equal countries judging by official estimates of income and consumption inequality. Estimates of inequality, like estimates of poverty, are derived from national household surveys that collect detailed income and/or consumption data for a sample of households, assumed to be representative of the country’s population.
Egypt, Arab Republic of
With the school year starting in the Middle East and North Africa (MENA), millions of children are busily preparing to resume their studies. Some, caught in conflict, may not be able to go to school at all; others may be joining schools in countries neighboring their own. At peace or in war, throughout MENA more emphasis is being placed on early education and care. World Bank Practice Manager for Education, Safaa El Tayeb El-Kogali, co-authored a study on Early Childhood Development (ECD) in 2015, which found that, with a few exceptions, the Middle East and North Africa (MENA) was faring poorly.
Market access is critical to the growth of start-ups in the Middle East and North Africa (MENA). Start-ups seeking to scale up their operations need to think in terms of regional, rather than solely national, growth strategies from day one. However, maneuvering themselves into new countries is a complex process, and one that hinges on finding the pathways, people, and partners for market expansion.
Earlier this year, the Metropolitan Policy Program and the Center on Children and Families at Brookings released a study on multidimensional poverty and race in America. The study shows why it’s important to look at poverty through the dimensions of low household income, limited education, lack of health insurance, concentrated spatial poverty, and unemployment, and why we should consider ways to de-cluster and reduce the links between them.
55 is the magic number. Sure - 175 parties (174 countries plus the European Union) signed the Paris Agreement in April in New York City earlier this year. But this alone is not enough. It matters not only how many countries signed the document, but also how many countries ultimately join the Paris Agreement by ratifying it.
Just fourteen projects in energy, transport and water/sanitation. In only eight countries. Totaling $2.7 billion.
There are 56 IDA countries (excluding three “inactive” and a few rich enough to count as “IDA blend”) defined as having per capita income under $1,215. This 2.7 billion in IDA countries compares to total private infrastructure investment commitments of $111.6 billion in all emerging markets in 2015 per the recently released Private Participation in Infrastructure database.
In recent years, the number of projects and investment amounts of private infrastructure in IDA countries hasn’t increased. If people living in the poorest countries are to get better access to energy, transport and water services, and if we believe that the innovation, management capacity and financing of the private sector working together with governments is essential to help make that happen … well, then we need a step change.
We know to make a difference requires dedication and a long term vision. One part of that ambitious change is the Global Infrastructure Facility (GIF). The GIF is a global open platform to help partners prepare and structure complex infrastructure public-private partnerships (PPPs) in emerging markets, and to bring in private sector and institutional investor capital. The GIF platform integrates the efforts of multilateral development banks (who as Technical Partners choose which projects to submit for GIF funding), private sector investors and financiers, and governments to bring infrastructure projects and programs to market. No single institution can achieve these goals alone. The GIF’s Advisory Partners, which include insurers, fund managers, and commercial lenders, and which together have $13 trillion in assets under management, provide feedback to governments on the bankability of projects.
It’s Ramadan and the Arabic TV channels are festooned with shows that vary from recurring popular soap operas, cooking and competition shows — but one has become the talk of the town.
Al Sadma, or The Shock, the Arabic version of the popular American show What Would You Do, is a reality TV prank show. But it’s not like many other tasteless reality shows that invoke fright and even terror, it is a show that invokes morality and examines humanity.
What do middle-class dynamics in the 2000s tell us about the Arab Spring events? In modern economies, the middle class not only bolsters demand for private goods and services, but also insists on good governance and public services, such as education, health, and infrastructure. Investments in these areas improve the capacity of the economy to grow not only more rapidly, but also sustainably and inclusively. Therefore, understanding how the middle class fares in the Arab world is of crucial importance.
Two recently released World Bank reports — one on commodities and the other on remittances — lend insight into an unfolding dynamic in the world today. As oil prices dropped from more than $100 per barrel in June 2014 to as low as $27 in the last few months, the money sent home from people working abroad in oil-producing countries also fell. This drop is a major reason remittances to developing countries declined in 2015 to their lowest growth rate since the 2008-2009 financial crisis.
Young Arabs express the same concern over the rise of the Islamic State (IS) as young people do elsewhere, the annual Arab Youth Survey reveals. For the second year in a row, the “rise of” IS militants is perceived as the main problem facing the region, with four in every five young people interviewed saying they were more concerned about it than other problems. Its public appeal may have also decreased slightly, findings in the survey suggest.