The big 5 multilateral development banks(MDBs) (World Bank Group, African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, and Inter-American Development Bank) collectively provided close to $100 billion in concessional and non-concessional lending in 2012 or FY13. Of late, their size, traditionally an advantage, has become something of a disadvantage. The MDBs are facing intense challenges in at least three major ways. One - criticism from academics, developing nations and others that foreign aid is detrimental for a country’s growth. Two - technology has diluted the monopolistic advantages they had (knowledge, networks, access to funding) and is leading to new models of development. As echoed by World Bank President Jim Kim, there is a "need for alignment" for development institutions in "a rapidly changing world." Three - more and more countries are shifting from demanding traditional loans to demanding knowledge and knowledge products, and development institutions are only now starting to respond to this challenge.
New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have little resemblance to yesterday's.
In our everyday lives, geospatial science and technology services, such as digital mapping, GPS, and other location-based services, are changing the way we operate. These services help us navigate the world, saving time, facilitating our entertainment needs and widening the breadth of markets. These technologies also generate huge amounts of economic activity in the form of research and development, programming and cost savings.
A recent study by economic consultancy firm Oxera, on behalf of Google, illustrates how big the industry has become. Internationally, the firm states, the geo services industry is valued between $150-$270 billion per year and pays around $90 billion in wages.
Have you missed an appointment to doctor, school or work due to lack of transportation?
It can take up to two hours to find a taxi in some South African cities. A team of young entrepreneurs launched a new mobile app to help commuters locate taxis and improve the average commute.
Watch how Aftarobot, a mobile app is revolutionizing transportation in South Africa:
Antonio Lambino writes about the release of the Results App (available for iPhone) today on the CommGap Blog.
"Dubbed “Results at a Glance”, the app was created to help members of the international development community – including CSOs, NGOs, and donors—advocate for development issues by featuring more than 450 results stories from over 85 countries," he writes.
Read more of Antonio's blog post. Learn more about the Results iPhone app.