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Middle East and North Africa

The Global Infrastructure Facility: What is it really and what have we been doing?

Towfiqua Hoque's picture

Photo: Ashim D'silva | Unsplash 

From “Billions to Trillions”, to the Hamburg Principles and Ambitions, to Maximizing Finance for Development (MFD), mobilizing private capital to deliver on the sustainable development agenda is in the spotlight. Realizing that constrained public and multilateral development bank (MDB) funding cannot fully address the critical challenges that developing nations face, the World Bank Group is pursuing private sector solutions whenever they can help achieve development goals, in order to reserve scarce public finance for when it’s needed most. This is especially true in the delivery of infrastructure.
 

Leveraging start-up ecosystems for development

Mutoni Karasanyi's picture


“What can we do today to prepare students for the labor force in 20 years?” the director general of Israel’s Ministry of Finance, Shai Babad, asked. At an Annual Meetings event last Friday, Babad was asked for his thoughts about successful government policies to enable start-up ecosystems. However, he answered the question with one of the many questions that policymakers continue to wrestle with in the new digital economy.

In recent years, many of the World Bank Group’s country partners have posed similar questions. As Trade & Competitiveness Director Klaus Tilmes commented, “Many clients are now less interested in our money, and more in our knowledge around best practices and effective incubator models. They’re asking ‘How can we create our own start-up ecosystems?’ So we are trying to become more systematic and leverage tools to expand our programs and build them into our lending projects.”

No state is more renowned for its success in building such ecosystems than Israel. The small country contains the highest number of start-ups outside of Silicon Valley and receives the most VC investment per capita. With a population of only 8 million, Israel has over 6,000 start-ups, and 1,000 new start-ups are launched every year. In 2016 alone, Israeli start-ups raised over $4.8 billion.

The 2017 global poverty update from the World Bank

Francisco Ferreira's picture
This year’s global poverty update from the World Bank is a minor one. Until reference year 2008, the World Bank published new poverty estimates every three years, and between 2010 and 2013 we released new numbers every year (see here).

5 things you need to know about the economies of the Middle East and North Africa region in 2017

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World Bank Vice President, Hafez Ghanem addresses the key factors influencing the economies of the Middle East and North Africa region, and the steps needed to promote more sustainable growth and unlock the potential of the region’s large youth population.
What are the major factors affecting the economies of the Middle East and North Africa region?

Update from Iran: Iran’s Over-Education Crises

Amin Mohseni-Cheraghlou's picture
Victor Jiang | Shutterstock.com - A university student in Naqsh-e Jahan Square

Every year, Iranian schools and universities are in back in session on the first day of autumn—September 23rd. Despite educating some of the world’s top minds, such as the late Maryam Mirzakhani, the only women recipient of the Fields Medal, the most prestigious award in mathematics, Iran’s educational system has been in crisis. In this short space, I want to focus on the crisis Iran’s higher education system has been facing, which has taken a turn for worse in the past decade.

A school called Eucalyptus where a tutoring program promotes Citizenship Skills

Simon Thacker's picture


The Lycée Eucalyptus, a high school in Nice, France, sits close to the airport, surrounded to the west and north by a resolutely working-class neighborhood and by a more middle-class area to the east. The school has a heterogeneous group of students who stay for the most part to themselves. So, for a working relationship to form between Marwan, 12, a Syrian refugee, who has only been in France a few months and speaks little French, and Charlotte, 17, the captain of the girls’ tennis team, is quite remarkable.

Back to School 2017 – Part II

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This is the second part of our interview with with Safaa El Tayeb El-Kogali, World Bank Practice Manager in the Education Global Practice, on the challenges faced by the region’s education systems and the efforts to address them.

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