Photo: Scaling Solar project in Zambia
What is a common thread between Argentina, Maldives, and Zambia? In each of these countries, the World Bank provided guarantees to support transparent auctions for renewable energy. Through these, I have seen how the Bank’s involvement helped increase private investors’ confidence, attract world-class developers, and ultimately reduce tariffs.
Drawing on 10 years of diverse experience in the power sector in both public and private organizations, my role is to help bridge the divide between public and private parties and help each side better understand the other. The World Bank is ideally positioned for this. Both sides understand the World Bank carries out a detailed due diligence and ensures the auction meets international standards. Both sides appreciate the World Bank will be an honest broker if issues arise. Because of its long term and continuous involvement in our client countries, the World Bank can help identify and solve issues early on. As such, no World Bank project-based guarantee has ever been called.
When we visited the rural commune of Molota about 115 km (70 miles) north-east of the Guinean capital of Conakry, the commune council members explained to us that they were happily surprised to see about 1,600,000 Guinean Francs had been contributed by their population in less than a week after conducting a participatory budgeting exercise. It was a small ($160) but clearly positive and tangible change given the fact that, the previous year, there had been “zero” Guinean Francs collected as local revenue in their budget.
The world’s climate is changing, and is projected to continue to do so for the foreseeable future. The impact of climate change will be particularly felt in agriculture, as rising temperatures, changing rainfall patterns, and increased pests and diseases pose new and bigger risks to the global food system. Simply put, climate change will make food security and poverty reduction even more challenging in the future.
Urbanization in Rwanda has contributed to poverty reduction in Rwanda, but its potential could be realized more fully with better connectivity in terms of roads and transport, according to our findings in a new report, Reshaping Urbanization in Rwanda: Economic and Spatial Trends and Proposals.
This reduction in Multi-Dimensional Poverty (MDP) was fairly consistent across the country, though graphically it is clear that areas around the capital, Kigali, and lying closer to or on Rwanda’s borders with other countries have experienced the strongest amount of improvement (Figure 1), with some areas bordering Uganda and most areas bordering the Democratic Republic of the Congo (DRC) along Lake Kivu showing the most visible signs of improvement.
A major factor hindering infrastructure implementation and delivery is the absence of good governance, according to the 130 delegates from 27 countries who came together for the first Regional Roundtable on Infrastructure Governance in Cape Town in November.
There’s no denying infrastructure is crucial to Africa’s growth prospects. Nor can one ignore the ever-growing need for infrastructure on the continent—in Sub-Saharan Africa, only 35% of the population has access to electricity, and 23% still lack access to safe water and sanitation. Despite an estimated shortfall of nearly $100 billion in infrastructure investment in Africa, lack of financing is not the biggest problem.
The landmark Roundtable brought together representatives from African governments, the global private sector, multilateral and international organizations, civil society organizations and other development partners, for a discussion on the challenges and practical solutions to the governance impeding successful infrastructure delivery in Africa.
Artisanal mining has a terrible reputation. A widespread perception is that this low-tech and labor-intensive way to extract natural resources “may cause severe environmental and health risks, conﬂict and generally few economic beneﬁts.” Yet an estimated 40.5 million (+/- 25%) people around the world are directly working in these mines. What persuades them to do so?
Benin possesses an enormous natural, historical, and cultural heritage. However, its potential has barely been explored. A study by the National Agency for the Promotion of Heritage and the Development of Tourism (ANPT) found that only 2 to 5 percent of Benin’s tourist potential has thus far been tapped.
Faced with the new human, environmental, and technological challenges of the twenty-first century, how can we think of and devise solutions that will rewrite the rules in the sector, which is undergoing rapid expansion in Africa?
Over 1.25 million people are killed each year on the road. And 20-50 million others are seriously impacted by road traffic injuries. While most regions have seen a decrease in road-traffic related death rates, Sub-Saharan Africa and Middle East and North Africa still see over 20 deaths per 100,000 people every year.
A new report produced by the World Bank and funded by Bloomberg Philantrophies estimates the social and economic benefits of reducing road traffic injuries in low- and middle-income countries.
When early December was upon us—heralding the start of the month of annual festivities—a group of women executives met to put forward strategies for equality in business. They met against a background of the harsh reality of women’s exclusion from leadership positions in Zimbabwe, brought to the fore in a recently released Confederation of Zimbabwe Industries (CZI) Manufacturing Survey for 2017.
The survey, which derived some of its data from the 2016 World Bank Enterprise survey as well as from the Reserve Bank of Zimbabwe, revealed that—in a country struggling with unemployment—the labor force in the manufacturing sector is composed of only 20 percent women on average, and 80 percent of men.
2018 is here, and we hope your new year is off to a positive start! Thank you for being a part of the global movement to help end poverty. For every like, share, “heart”, retweet, you name it, thanks for engaging with our content!
Every year brings new highlights, challenges, and priorities, and 2017 was no different.:
Twitter:for themselves or their loved ones. So unsurprisingly, you showed strong support for #HealthforAll during the Universal Health Coverage Forum in December.
What's one big reason families around the world fall into #poverty? #Health expenses. To reach the #globalgoals, we must achieve #HealthforAll. Join us at #UHCForum https://t.co/fl9GYMMBeH pic.twitter.com/LEAkSpeffQ— World Bank (@WorldBank) December 10, 2017
We were also very impressed to see how strongly you feel about preserving our planet. During last month’s One Planet Summit, several of you replied to the news of the World Bank’s announcement on phasing out financing of oil and gas exploration, with positivity. For example @RalienBekkers said: “Great, everyone should follow”:
Many of you agreed that women shouldn’t be restricted from doing some jobs, just because they are women: