The saying goes, ‘water is life’, and how so true! But water also drives economic and social development. Clean water supply is vital for health, hygiene and livelihood. Water is essential for agriculture and critical to energy production – and much, much more.
However, more than a billion people currently live in water-scarce regions, and as many as 3.5 billion could experience water scarcity by 2025. Water scarcity is a recognized cause of conflict and migration and is among the top global risks. To be sure, conflict and migration likewise contribute to scarcity of water!
Europe and Central Asia
We all have regular bills to pay for the ubiquitous services we consume – whether they be for utilities (water, heating, electricity etc.), credit cards, memberships, or car payments. But, not everyone pays.
So why don’t people pay? Why are some countries better at this than others? And what can be done to improve systems for debt collection?
. The Solutions for Youth Employment coalition (S4YE), which provides leadership and resources to increase the number of young people engaged in productive work, found that in the next 20 years, global growth will be driven by young people.
This World Youth Skills Day, we are looking at some of the challenges when it comes to youth employment. Currently, there are 621 million youth who are not being educated, employed or trained. Worse, . And for those who manage to get a job,
When looking at the findings from a recent report, you will be struck to learn that more than 15% of people in Romania would consider moving to Cluj-Napoca. Today, however, this Functional Urban Area (FUA)* represents just 2.3% of the total population in the country. Cluj-Napoca is not alone in serving as an attractive urban destination – many people also expressed interest in moving to Bucharest (14.4%), Timișoara (11.9%), Brașov (11.5%), Sibiu (5.16%), or Iași (4.3%).
So, what, then, are the local administrations in these dynamic FUAs doing to attract these people?
The unpleasant answer is: not much, unfortunately.
An artist’s interpretation of the Attika Schools PPP Project in Greece, which reached financial close in Q2 2014
(Photo: World Fianance)
In 2014, the 24 Schools Public-Private Partnership (PPP) project in the wider Athens area marked the reopening of the Greek PPP market and was only the second PPP project to reach financial close in Greece.
It aimed to address the existing quantity and quality need for schools, covering 6,500 students in 10 municipalities who came from diverse socio-economic backgrounds in the historical region of Attica, which encompasses the city of Athens. Benefits included the timely and enhanced delivery of schools to improve educational outcomes, better maintenance through the lifetime of the project, the highest service standards, the response to user needs, and significant savings in energy cost.
Help needs to come immediately to save lives; recovery and reconstruction have to start swiftly to lessen the impact.
However, while money is critical to this response, it’s not just about funding. Indeed, funds need to match the event scale, target the right areas and sectors, and smoothly flow to communities in need. But in order for that to happen, sound public policy on risk and frameworks have to be in place.
To address both urgent financial needs while pursing strategic disaster risk management policy goals, countries have been using the World Bank’s development policy loan with a catastrophe deferred drawdown option or, more widely known as the Cat DDO.
Photo: Roberto Maldeno | Flickr Creative Commons
Infrastructure in Ukraine, Europe’s largest country, is extremely underdeveloped. Without significant investment, it cannot support the existing or future needs of our economy or population. The reasons are many: decades of mismanagement under Soviet rule, economic crisis, and more recently, the conflict in the Donbass. Given that these constraints go beyond a simple lack of funding, our government is partnering with the Global Infrastructure Facility (GIF), as well as other international partners such as the European Bank for Reconstruction and Development (EBRD) and the World Bank.
Ask any resident of Romania whether their roads are safe and they will answer a resounding “no”. In 2016, fatalities on Romania's road reached 1,913 - more than double the number of fatalities compared with the EU-28 average of 925. Romania’s average fatality rate over the past six years has consistently been twice higher than the EU-28 average, registering around 91 fatalities per million people, compared to 51 for the rest of the EU.
Alarmingly, Romania’s fatality rate keeps increasing - reaching 95 per million people in 2016. In addition to the human tragedy this situation represents a huge economic cost. According to the General Transport Master Plan, costs of fatal road crashes in Romania are alarmingly high - estimated to be at least 1.2 billion euro (5.4 billion RON) per year.