A new Country Economic Memorandum gives us a chance to step back and look at the deep drivers of growth since Malawi’s independence in 1964. What stands out, though, is just how far Malawi has fallen behind its peers. It’s easy to look at the seemingly insurmountable challenges the country faces—from droughts and floods to the country’s landlocked status—yet other countries in the region have experienced just as many climate-related disasters, and overcome them better. And throughout the 50 plus years of its independence, Malawi has been fortunate to be at peace and mostly politically stable.
Innovations in youth employment programs are critical to addressing this enormous development challenge effectively. Rapid progress in digital technology, behavioral economics, evaluation methods, and the connectivity of youth in the developing world generates a stream of real-time insights and opportunities in project design and implementation. Part of the challenge is the sheer number of projects (just in Egypt, there are over 180 youth employment programs). And even without being aware, projects often innovate out of necessity in response to situations they face on the ground. But innovations need to be tested in different country contexts to be able to make an impact at scale.
Through the new Solutions for Youth Employment (S4YE) report, our team ventured to curate a few such ongoing innovations as they were being implemented through S4YE’s Impact Portfolio — a group of 19 youth employment projects from different regions being implemented by different partners across the globe. This network of youth employment practitioners serves as a dynamic learning community and laboratory for improving the jobs outcomes of youth globally.
The relationship between poverty and disability goes both ways:
Yet, little attention has been given to the employment readiness of persons with disabilities. This is of concern given that the employment rates of persons with disabilities are a third to half of the rates for persons without disabilities, with unemployment rates as high as 80%-90% in some countries.
[Learn more: Disability Inclusion]
Disability is a complex, evolving, and multidimensional concept. Currently, it is estimated that 15% of the world population experiences some form of disability, with prevalence rates higher in developing countries. As opportunities for sustainable income generation are directly tied to a person’s access to finance, markets, and networks, persons with disabilities usually face significant challenges in accessing these, due to:
- non-inclusive regulations and policy,
- lack of resource allocation,
- stigma and societal prejudice,
- low educational participation, and
- inability to access their own communities and city spaces.
We need to do much more to ensure that women with disabilities are mainstreamed into projects that seek to empower women as entrepreneurs and change agents.
Expanding equitable opportunities for persons with disabilities is at the core of the World Bank’s work to build sustainable and inclusive communities. So, addressing work for persons with disabilities? Here’s what we’re doing at the World Bank:
- Harkin Summit
- Social Inclusion
- Sustainable Communities
- Global Goals
- Urban Development
- Social Development
- Labor and Social Protection
- Information and Communication Technologies
- Latin America & Caribbean
- South Asia
Evaluating the optimal way to expand electricity access across a country is difficult, especially in countries where energy related data is scarce and not centralized. Geospatial plans informing universal electricity access strategies and investments can easily take 18 to 24 months to complete.
A team working on a national electrification plan for Zambia last December did not have that much time.
They faced a six-month deadline to develop a plan, or they would miss out on a funding window, said Jenny Hasselsten, an energy specialist at the World Bank brought in to help with the electrification project in partnership with the government of Zambia.
It is estimated that more than 250 million school children throughout the world cannot read. This is unfortunate because literacy has enormous benefits – both for the individual and society. Higher literacy rates are associated with healthier populations, less crime, greater economic growth, and higher employment rates. For a person, literacy is a foundational skill required to acquire advanced skills. These, in turn, confer higher wages and more employment across labor markets .
With financial inclusion now established as an objective for most financial sector policymakers worldwide, the day-to-day responsibility for ensuring its achievement in a responsible, consumer-friendly, and evidence-based manner often falls to financial sector supervisors. Two challenges are particularly relevant: first, with an increased policy focus on financial inclusion, supervisors are often tasked with adapting reporting systems to collect granular data to monitor financial inclusion and inform policy. For example, how many customers are using each product? Are newly opened accounts active or dormant? What is the rate of growth of agent networks in rural areas?
Second, in a given market in order to improve competition and consumer choice, and ultimately financial inclusion. This means that non-bank FSPs such as mobile network operators (MNOs), fintech companies, financial cooperatives and microfinance institutions are increasingly brought under the supervisory mandate of supervisory authorities. This presents a significant challenge for financial sector supervisors who must cover a large and diverse set of FSPs with distinct risk profiles and capacities, stretching their already limited resources. Collecting and analyzing accurate, relevant, and timely information from these providers is at the heart of this supervisory challenge.
to address these challenges, an approach known to some as “suptech” (i.e. supervision technology). The National Bank of Rwanda (BNR) provides a case in point.
The Future of Work was not only the first topic of this year’s G20 Labor and Employment Ministerial Meeting, it's also white hot in today’s blogosphere. Yet most pieces portray a developed world perspective with an emphasis on robots, and how they are taking the jobs away, and skills development as the key policy response. But How does it affect the world of work in developing countries?
Over the past decade, commitments and support for Forest Landscape Restoration have grown significantly. As part of the Bonn Challenge, for instance, some 40 countries, sub-national jurisdictions, and non-governmental entities have now pledged to restore forest landscapes across 148 million hectares. Although the environmental benefits in terms of ecosystem services, soil restoration, water, biodiversity and climate resilience are evident, the tremendous economic arguments and the value proposition for poor people living in, or nearby, the forests, are not always at the forefront of the efforts to restore landscapes.
In fact, some 1.3 billion people around the world depend on forests for their livelihood—that is 20% of the global population. This includes income from the sale of trees and tree-related products. It also includes the value of fruit, fodder, medicines, and other direct or indirect products that they consume. However, the restoration of forest landscape at a global scale needs a new vision for an integrated forest economy which appreciates and understands forests along their entire value chain. Thus it is crucial to see forest landscape restoration efforts as much more than just protecting forests, but as a force for economic growth and poverty reduction.
Most youths’ perception of agriculture and agribusiness reflects the image of a dirty, exhausted poor farmer carrying a rusty hoe on puffy, tired shoulders somewhere on the outskirts of modernity.