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Senegal

Student assessment: Supporting the development of human capital

Julia Liberman's picture



At the Annual Meetings of the World Bank Group and International Monetary Fund in Bali, Indonesia, the World Bank highlighted the importance of human capital for economic development.
 
Central to the World Bank’s motivation for the Human Capital Project is evidence that investments in education and health produce better-educated and healthier individuals, as well as faster economic growth and a range of benefits to society more broadly. As part of this effort to accelerate more and better investments in people, the new Human Capital Index provides information on productivity-related human capital outcomes, seeking to answer how much human capital a child born today will acquire by the end of secondary school, given the risks to poor health and education that prevail in the country where she or he was born.

Toward a deep transformation of the banking industry in Africa

Laurent Gonnet's picture



Newly assigned to Dakar, Senegal, I must, of course, take steps to have water, electricity, internet and a bank account.  For the latter, I chose a large bank for its reputation and its wide network of branches and ATMs.  What follows is not fiction but a reality that I thought had disappeared years ago.  Here is the story.

Congratulations to the First Recipients of the Certificate in Development Journalism

Haleh Bridi's picture

When I was based in the field, I often noticed that many of the journalists working in Africa had not been specifically trained to report on development-related matters, which at times hobbled their ability to effectively identify development issues and, by extension, inform the public of the choices and activities implemented in various countries.

So, we came up with the idea of helping journalists receive the best training we could give on the development challenges facing their continent, thus paving the way for “changing the narrative on Africa.”

The World Bank Africa Region introduced a successful, innovative approach to training journalists – a free, online course for 100 journalists from Francophone Africa, who were selected through an application process.

When elephants fight, it is the grass that suffers

Mark Moseley's picture


Photo: shplendid | Flickr Creative Commons

Talk of trade tariffs and heightened geopolitical tensions are dominating news headlines recently. As developed economies consider escalating protectionist policies, it’s easy to forget about the situation many emerging markets face.

As outlined in the World Bank’s Global Economic Prospects report released in June this year, protectionist policies would affect emerging market and developing economies (EMDEs) more severely than advanced economies. And this is at a time where increased investment and spending in EMDEs, including in infrastructure, is sorely needed.

How can we help cities provide the building blocks for future growth?

Sameh Wahba's picture
Also available in: Español | Français 

Photo: Ngoc Tran / Shutterstock

Basic infrastructure makes all the difference in the lives of people. Sometimes a road is all it takes…

Access to clean drinking water and sanitation can improve children’s health, reduce waterborne disease, and lower the risk of stunting.

Street lighting can improve the safety of a community, reduce gender-based violence, and add productive hours for shops and economic activities, which can help people escape poverty.

A paved road can lead to a world of possibilities for small business owners, increasing access to additional markets and suppliers, as well as opportunities to grow their businesses.

The urban infrastructure finance gap

Cities already account for approximately 70-80 percent of the world’s economic growth, and this will only increase as cities continue to grow. In the next 35 years, the population in cities is estimated to expand by an additional 2.5 billion people, almost double the population of China. As a vital component for connectivity, public health, social welfare, and economic development, infrastructure in all its forms – basic, social, and economic – is critical for the anticipated urban growth.

Globally, the annual investment required to cover the gap for resilient infrastructure is estimated at $4.5-$5.4 trillion. Cities will need partners to help them provide these building blocks for the future. The public sector cannot address these crucial needs alone, and overall official development assistance barely totals three percent of this amount. Cities should begin looking toward innovative financing options and to the private sector.

African leaders committed to building a digital economy

Ceyla Pazarbasioglu's picture
Mbarak Mbigo helps his colleagues who are software developers at Andela, in Nairobi, Kenya. © Dominic Chavez/IFC


We only have to look at the way we communicate, shop, travel, work and entertain ourselves to understand how technology has drastically changed every aspect of life and business in the last 10 years.

Technology-driven changes are radically transforming the world and enabling developing countries to leapfrog decades of “traditional” industrial development. But disruptive technology also increases the stakes for countries, which cannot afford to be left behind.

Sub-Saharan Africa demonstrated its capacity to harness technology when it embraced the mobile telecom revolution in the 2000s. Now again, there is huge potential for digital impact in Africa. But to achieve that, the five foundations of a digital economy need to be in place - digital infrastructure, literacy and skills, financial services, platforms, and digital entrepreneurship and innovation.

In Senegal, a call to invest in people and the planet

Jim Yong Kim's picture


For three days this month, the West African nation of Senegal was in the spotlight of global efforts to combat climate change and improve education in a rapidly changing world.

French President Emmanuel Macron and Senegal’s President Macky Sall co-hosted a conference in Dakar to replenish the Global Partnership for Education (GPE) – a funding platform to help low-income countries increase the number of children who are both in school and learning.

African leaders and partners stepped up to announce their commitment to provide an education that prepares children to compete in the economy of the future and advances socio-economic progress.

Heads of state from across the continent described their challenges—including terrorism, insecurity, the influx of refugee children who need an education, the strain on national budgets, and the cultural bias against educating girls.

Maximizing finance for development works

Hartwig Schafer's picture
People in Saint-Louis, Senegal. © Ibrahima BA Sané/World Bank
People in Saint-Louis, Senegal. © Ibrahima BA Sané/World Bank


Massive investment is needed to meet the ambitious goal of ending extreme poverty and boosting shared prosperity by 2030. By some estimates it could cost as much as $4.5 trillion a year to meet the Sustainable Development Goals (SDGs), and obviously, we will not get there solely with public finance. And there’s the rub: Countries will only meet the SDGs and improve the lives of their citizens if they raise more domestic revenues and attract more private financing and private solutions to complement and leverage public funds and official development assistance. This approach is called maximizing finance for development, or MFD.


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