Photo: VahanN / Shutterstock.com
Downtown Yerevan. Gusty winds, frosty air. Inside a hotel in the town square, cocktails and canapés, speeches and signatures. On this evening in November 2016, representatives of the State Committee for Water Economy (the Armenian water authority) and Veolia (a large international water operator) gathered to celebrate the signing of a new partnership: a 15-year national lease to provide water and wastewater services for the whole country. The lease began in January 2017, thus marking the start of a “second generation” of water PPPs in Armenia. Solid gains had already been made under the “first generation” between 2000 and 2016. At this crucial juncture, a World Bank study reviewed Armenia’s experience so far and analyzed the way forward under the new national lease.
Europe and Central Asia
It is often said that job creation in growing economies sacrifices quality for quantity. Skeptics argue that job growth occurs in low-wage occupations and low-productivity sectors, are temporary in nature, and offer precarious conditions.
Such criticism was made in Turkey after the global crisis, when the country experienced rapid job creation and decreasing unemployment - from 12.58% at the peak of the crisis to 8.17% in 2012.
As unemployment began to rise, the Turkish government put forward a comprehensive plan of incentives to catalyze job creation. But, while more jobs are being created in the formal economy today, a common perception persists that these are mostly poor-quality jobs. But is this perception accurate?
Photo: User 377053 | Pixabay
The Argentinian presidency of the G20 opens this month and will be marked by a focus on infrastructure investment. The G20 and Organisation for Economic Co-operation and Development (OECD) have already announced a widescale data collection initiative to create benchmarks to monitor the risk-adjusted financial performance of private infrastructure debt and equity investments.
It’s about time.
Investors have hit a roadblock when investing in infrastructure. Until now, none of the metrics needed by investors were documented in a robust manner, if at all, for privately held infrastructure equity or debt. This has left investors frustrated and wary. In a 2016 survey of major asset owners by the EDHEC Infrastructure Institute (EDHECinfra) and the Global Infrastructure Hub, more than half declared they did not trust the valuations reported by infrastructure asset managers. How, under such conditions, can the vast increases in long-term investment in infrastructure by institutional players envisaged by the G20 take place?
With more jobs and competitiveness in mind, many economies worldwide have simplified their business start-up rules and regulations over recent years. Since the first Doing Business report was launched 15 years ago in 2003, a total of 626 national reforms that reduced the time and the costs of starting a business were recorded globally.
We also want to thank you for reading, contributing and engaging on what it will take to help governments build capable, efficient, open, inclusive and accountable institutions.
Courts around the world are increasingly adopting a more citizen-focused, user-friendly approach to justice. They recognize that user satisfaction is a key dimension of the quality of justice. And they know that when the courts are attuned to the needs of their users, trust and confidence in the entire justice system grows – bringing with it a range of positive spillover effects for the economy and the society.
But how to improve court user satisfaction?
First, it requires a detailed understanding of the experience of the court user.
There are the booming megacities such as Tokyo, Mumbai, and Nairobi. Then there are cities that are declining in population, such as Detroit.
In Eastern Europe and Central Asia, where we recently conducted a study on urban growth trends, we found unique demographic patterns affecting the urbanization process in the region.
For example, the region has had fertility rates below replacement levels for more than two decades, and most countries in the region have negative net migration rates.
This signifies that the population of most countries in the region is either growing very slowly or declining, and in some countries urban population has started to decline.
What does this mean for cities?
Resulting from this competition, we find that most of the cities in the region are shrinking while population growth is increasingly concentrated in a few cities. Per our estimates, 61% of the region’s cities shrank between 2000 and 2010, losing on average 11% of their population.
This scale of city population decline is unprecedented.
Universal health coverage (UHC) means that all people can obtain the health services they need without suffering financial hardship. A new report produced by the World Bank and the World Health Organization, finds that health expenditures are pushing about 100 million people per year into “extreme poverty,” those who live on $1.90 or less a day; and about 180 million per year into poverty using a $3.10 per day threshold.
You can access the report, data, interactive visualizations, and background papers at: http://data.worldbank.org/universal-health-coverage/
Economic growth does not evenly spread within countries: some regions benefit, while other regions lag behind. This is as true in the European Union (EU) as in most other parts of the world, despite significant convergence efforts in the EU. The leading regions in Europe have, on average, 2.3 times the GDP per capita of their poorest counterparts.
There are 5 things you (probably) didn’t know about the phenomenon of “lagging regions” within the EU.
The viral image of the three-year-old Syrian boy, Aylan Kurdi, whose dead body was quietly lying on the beach captivated us. Kurdi’s loss of the chance to flee to a safer life invigorated us to act. We decided to help refugee children adapt to their new lives when arriving in a new country.
And so, our team from the World Bank Youth Innovation Fund (YIF) partnered with Small Projects Istanbul (SPI), a Turkish non-profit organization, to help 20 Syrian children find some happiness and joy in Turkey after fleeing their war-torn country.
YIF provides an opportunity for young employees of the World Bank Group to design, implement and evaluate development projects in client countries focusing on innovation, efficiency and impact on development.
After submitting a proposal to the YIF Proposal Competition, and winning, our journey began. Our project, Turkish Language, Mentorship and Psychological Counseling Program, aimed to support these children to effectively integrate with the local society, develop self-confidence, and have access to education while living in Turkey.