Brian Schwarz of the China Challenges blog reports on the difficulties facing workers in China due to the financial crisis. Governments around the world are gearing up with various stimulus packages, but in the meantime prospects don't sound very good:
East Asia and Pacific
Back in November of last year, Bank Indonesia and IFC co-hosted a half-day forum focused on bringing efficiency to electronic money solutions in the country. The seminar – titled Peningkatan Efisiensi Penyelenggaraan Uang Elektronik (E-money) – was opened by Bank Indonesia Director Murniastuti and IFC Vice President Rachel Kyte.
I just finished reading Economic Gangsters, an excellent little book that summarizes in popular form a lot of recent evaluation work on corruption and violence.
The US Agency for International Development will be hosting the Development 2.0 Challenge Awards Ceremony this Thursday. USAID explains the rationale behind the contest:
This past October I participated in a 2-day Mobile Money Summit in Port Moresby, Papua New Guinea. Why Papua New Guinea? There is growing interest among telecom companies and banks there in mobile financial services. Although the meeting was attended by more than 50 people from around the Pacific, the majority of the participants were from companies doing business in Papua New Guinea.
The hall was large and chilly. But it was also full. Nearly 80 people had come to listen to a presentation on Mongolia’s ratings in the 2009 Doing Business survey. I was happy to see a healthy mix of government officials, private firms, developmental organizations, NGOs and journalists there.