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Sowing the seeds for rural finance: The impact of support services for credit unions in Mexico

Miriam Bruhn's picture

Low and volatile agricultural incomes, poor connectivity, low population density and limited information are just a few reasons that have kept commercial banks away of rural areas in developing countries, where nonbank financial institutions (such as MFIs, cooperatives, or credit unions) have played an important role.

However, these rural institutions tend to be small and often suffer from bad risk management, poor governance, and weak technical and managerial capacity. These constraints are in turn passed on to the borrowers in the form of higher interest rates and credit rationing. The lack of human and organizational capital among lenders is a type of market failure where public interventions may be both effective and market friendly (Besley, 1994).

Maternal Depression and Stunted Children: An Avoidable Reality

Patricio V. Marquez's picture



Accumulated scientific evidence shows that proper nutrition and stimulation in utero and during early childhood benefit physical and mental well-being later in life and contribute to the development of children’s cognitive and socioemotional skills.  Yet, a critical but often overlooked fact in policy design and program development across the world is the association between maternal depression and childhood stunting -- the impaired growth and development measured by low height-for-age.

Creating new opportunities for young women in the digital economy

Mamadou Biteye's picture
Developing gender-inclusive digital jobs programs for youth is the subject of a new report, Digital Jobs for Youth: Young Women in the Digital Economy. Photo Credit: © Visual News Associates / World Bank 

Young people struggle to find jobs. Landing that first job is particularly challenging even for youth with quality education. In 2016, 100 young women under 25 in the Gjakova and Lipjan municipalities in Kosovo were seeking their first opportunity after completing university-level education. They  enrolled in the World Bank’s Women in Online Work (WoW) pilot, a training program that aims to equip beneficiaries with the skills they need to find work in the online freelancing market. Within three months of graduation, WoW’s online workers were earning twice the average national hourly wage in Kosovo. Some graduates even went on start their own ventures and hire other young women to work with them.

Fostering Student Socioemotional Skills in Mexico

Pablo Peña's picture
Interventions aimed at fostering socioemotional skills continue to grow in number and scope. However, many questions remain about the extent to which these skills are malleable and exactly how they can be cultivated. Photo: Curt Carnemark / World Bank

Socioemotional skills (also referred to as non-cognitive skills, character skills, or soft skills) have recently become part of the discourse on how to improve educational outcomes. There is growing evidence that those skills may be as important as intelligence in determining academic and professional success. There is already some evidence indicating that socioemotional skills can be encouraged.

5 inspirational youth you should follow this #YouthDay 

Bassam Sebti's picture
Refugees take wood working courses at the Kalobeyei Youth Training Center in Kalobeyei, Kenya.
© Dominic Chavez/International Finance Corporation

Youth are the engine of change. Empowering them and providing them with the right opportunities can create an endless array of possibilities. But what happens when young people under 25—who make up 42% of the world’s population – lack safe spaces in which they can thrive?
 
According to the United Nations, one in 10 children in the world live in conflict zones and 24 million of them are out of school. Political instability, labor market challenges, and limited space for political and civic participation have led to increasing isolation of youth. 
 
That's why the United Nations theme for International Youth Day this year focuses on “Safe Spaces for Youth.” These are spaces where young people can safely engage in governance issues, participate in sports and other leisure activities, interact virtually with anyone in the world, and find a haven, especially for the most vulnerable.

Why cultural heritage matters for urban resilience

Barbara Minguez Garcia's picture

Across the disaster risk management community, there is growing recognition that protecting cultural heritage is fundamental to urban resilience. Traditional knowledge embedded in cultural heritage, such as historical evacuation routes or shelters, can help societies cope with natural hazards. Moreover, when these hazards disrupt cultural heritage sites, such as museums, monuments and places of worship, they often cause irreparable damage to people’s cultures, identities and livelihoods.

A case in point is last year’s devastating earthquake in central Mexico, which damaged over 1,500 historic buildings, including the 250-year-old Church of Santa Prisca, one of the country’s grandest and most beloved churches. Mexico is one of a number of countries that have undertaken major efforts to protect cultural heritage sites, including through its Plan Verde, which works to reduce seismic and other disaster risks in Mexico City’s historic center.

On the sidelines of the 2018 Understanding Risk Forum, which was aptly held in Mexico City, Giovanni Boccardi, Chief of the Emergency Preparedness and Response Unit for the Culture Sector of UNESCO, made the case that much more needs to be done to put cultural heritage front and center in the disaster risk management agenda.

The future of public procurement in the era of digitalization

Yolanda Tayler's picture
Photo: World Bank

Why digitize public procurement?

Many countries have an opportunity to digitally transform public procurement systems to achieve enhanced efficiency, accountability, transparency, and participation of small and medium enterprises (SMEs). Digitally transforming public procurement would also accelerate national development objectives, such as enhancing public service delivery, developing human capital and the private sector, and gender empowerment.

Why are energy subsidy reforms so unpopular?

Guillermo Beylis's picture

It is well established in the economic literature that it’s the rich who benefit from the lion’s share of energy subsidies. Yet, it is often the poor and vulnerable who protest loudly against these reforms. Why does this happen? What are we missing?

What’s the latest systems research on the quality of governance?

Daniel Rogger's picture



Blog reader: “Dan! The government is one big system. Why didn’t your blog on the latest research on the quality of governance take this into account?”
Dan (Rogger): “Well, typically frontier papers in the field don’t frame their work as ‘modeling the system’ [which do?]  However, Martin Williams at the Blavatnik School of Government hosted a conference last week on ‘Systems of Public Service Delivery in Developing Countries’ that directly aims to discuss how research can take into account the systemic elements of governance.
 

The miracle of mangroves for coastal protection in numbers

Michael W. Beck's picture
© Ursula Meissner/The Nature Conservancy
© Ursula Meissner/The Nature Conservancy

The North Atlantic hurricane season officially opens June 1, and there are predictions that storms this year could be worse than average again. That would be bad since last year was the costliest year on record for coastal storms. Communities and countries across the Caribbean and SE USA were particularly hard hit. The need for resilient solutions to reduce these risks is paramount.

There has been growing though largely anecdotal evidence that mangroves and other coastal habitats can play important roles in defending coastlines. Nonetheless it has been difficult to convince most governments and businesses (e.g., insurance, hotels) to invest in these natural defenses in the absence of rigorous valuations of these benefits.

So in 2016 The Nature Conservancy teamed with the World Bank and scientists from the public, private and academic sectors to identify how to rigorously value the flood protection benefits from coastal habitats. In short, we recommended that we value this ecosystem service by adopting tools and from the engineering, risk and insurance sectors and following an Expected Damage Function (EDF) approach. This approach assesses the difference in flooding and flood damages with and without coastal habitats such as mangroves across the entire storm frequency distribution (e.g., 1-in-10, -25 and -100 year storms).


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