Syndicate content


Commodity prices come tumbling down

John Baffes's picture
Most commodity prices fell in the third quarter of 2015 as a result of abundant supplies and weak demand, leading to a further downward revision in price forecasts for 2015 and 2016.

Our quarterly Commodities Markets Outlook report analyzes markets for major commodities groups and forecasts prices for 46 commodities from bananas to zinc. The price declines are part of a five-year-long commodities slump.

Is Moldova on the road to energy sector viability?

Elina Kaarina Hokkanen's picture
Moldova Power Lines

The reliable and affordable supply of electricity and heating is an issue of major concern for Moldovan citizens, businesses and policy-makers. The viability and sustainability of the country’s energy sector rests on Moldova’s ability to diversify supply options and put in place the right tariff structures that would encourage investments in the energy sector. Currently, 98 percent of the energy resources consumed are imported, with over 80 percent of electricity and all natural gas coming from single sources.

To support the country’s energy sector development, the World Bank recently completed a study on electricity and heat tariffs in Moldova. The study shows the projected range of tariff increases, how much more different kinds of households would have to pay, how Ajutor Social program and the Heating Allowance could protect vulnerable people and how much those social payments would cost. 

India’s chaotic and messy use of energy

Ejaz Ghani's picture

Globally, India ranks fourth in energy consumption, but it is not well endowed with energy resources. Being the second most populous country in the world, how India manages its industrialization and urbanization process will matter for national and global concerns about energy efficiency, pollution, and climate change. In a recent paper, we use enterprise data to look at the relationship between structural transformation, geography, and energy efficiency in India.

How we made #OpenIndia

Ankur N's picture

Cross posted from the End Poverty in South Asia blog

open india

It has been a season ripe with new ideas and shifts in the open data conversation. At the Cartagena Data Festival in April, the call for a country-led data revolution was loud and clear. Later in June at the 3rd International Open Data Conference in Ottawa there was an emphasis on the use of open data-beyond mere publishing.

Mulling on these takeaways, a logical question to ask may be: what would a country-focused data project that aims to put data to use look like?

Will the Sun God answer poor farmers' prayers or make things worse?

Amit Jain's picture
A paddy farmer with his umbrella on a rainy day in West Bengal, India. Photo by Amit Jain / World Bank
Farmer in West Bengal, India. Photo by Amit Jain / World Bank)

If God appeared in the dream of a paddy farmer in India’s West Bengal and said, “You have made me happy with your hard work, make any three wishes and they will be granted,” the farmer will say “I want rain, rain, rain.”

That thought kept playing over and over in my mind, after interacting with farmers in the paddy fields of the Siliguri and Jalpaiguri districts of West Bengal. Located in India’s northeast, the area is famous for its scenic beauty, tea plantations and paddy fields. While the region’s fertile soil makes it ideal for a variety of crops, it is almost entirely dependent on rainfall for irrigation, like anywhere else in the world.

To reduce their dependence on the monsoons, India’s farmers have taken 12 million electricity connections and 9 million diesel pump sets with which they pump up groundwater for irrigation.

Although agriculture’s share of India’s economy is declining—it contributes to less than 15% of India’s GDP—it still employs 50% of the country’s workforce. Not surprisingly, perhaps, up to 20% of all the electricity used in India is for agriculture, mostly for irrigation. In some states, this can account for as much as 30-50% of all the electricity used in the state.

There are many states where power for agricultural purposes is highly subsidized, and this, combined with an unreliable supply of electricity, often causes farmers to leave their pumps on all the time. This wastes both electricity and water, with too much energy being used and too much groundwater being extracted, often way more water than needed. 

Since more than half of India’s cultivated land is yet to be irrigated, a business-as-usual scenario will lead to a huge rise in India’s energy needs for agriculture alone.

But there is an alternative—solar energy.

With decreasing solar modules prices (70% in the last 4 years), solar pumps are fast becoming a viable financial solution for irrigation.

However, there are several questions about the use of solar pumps that need to be answered:

Won’t solar pumps only make farmers more lax about using energy resources and wasting groundwater?

How to manage the extractives sector? There’s a book for that!

Håvard Halland's picture
Photo Credit: Cor Laffra

Let’s assume you are a Finance Minister or ministry official of a country that has newly discovered oil or minerals.

What actions lay ahead? Or, if oil and mineral production is ongoing, how can you strengthen the public management of the extractive sector, which is a mainstay for national economies around the world?  
Planning for the development of an unfamiliar and complex sector can be daunting. How should sector policy objectives be determined?

Which economic, accounting and taxation principles should be considered? What kinds of laws and regulations would a government need to adopt? What roles do various ministries and government agencies play in administering these laws? How do technical, environmental and social considerations fit into the scheme of things? What about the investment of resource revenues, or the potential for new industry linkages?

How can we close the infrastructure gap in Asia? Ideas from the Asia-Singapore Infrastructure Roundtable

Cledan Mandri-Perrott's picture

What does one trillion dollars look like? In the most literal sense, one trillion – that’s one million multiplied by one million -- is a “1” followed by 12 zeroes.  For participants in this week’s Asia-Singapore Infrastructure Roundtable, $1 trillion per year looks like how much infrastructure investment Asia needs to maintain its rapid urbanization.

To advise governments on how to get from here to there, Laurence Carter, Senior Director of the World Bank Group’s Public Private Partnerships Group, and other leaders from around the world shared their ideas during high-level strategy sessions.

Opportunity Africa: people, power, planet

Caroline Kende-Robb's picture
Africa is rich—energy rich. The continent has massive potential for renewable and low-carbon energy, with unparalleled resources to generate solar, wind, hydro and geothermal power.

With such an endowment, African nations have much to gain from building internationally pioneering low-carbon energy systems. At the same time, the world stands to gain from Africa avoiding the high-carbon pathway that has been followed by today’s richest countries and major economies in other regions.
"The effects of climate change are being felt all over the planet, but not equally." -- Kofi Annan

The poor pay more

Despite this energy wealth, two-thirds of Africans (621 million people) still live in households that do not have electricity. Africa’s poorest people also pay the world’s highest prices for energy. A woman living in a village in northern Nigeria, for example, pays 60 to 80 times as much for a unit of energy as a resident of New York because she does not have access to grid electricity.

How we made #OpenIndia

Ankur Nagar's picture

open india

It has been a season ripe with new ideas and shifts in the open data conversation. At the Cartagena Data Festival in April, the call for a country-led data revolution was loud and clear. Later in June at the 3rd International Open Data Conference in Ottawa there was an emphasis on the use of open data-beyond mere publishing.

Mulling on these takeaways, a logical question to ask may be: what would a country-focused data project that aims to put data to use look like?

Have you tried Open India?

A few months earlier, inspired by the “Digital India” vision, a small but agile team led by the India Team at the World Bank was working on Open India.  It’s a live, open platform for engaging with and tracking the why, what, and how of the World Bank Group’s work in India, within the context of the development challenges that India faces. At the heart of this process was data from this vast country and equally important “design thinking” to solve a clear problem.

Here is a glimpse at the journey of this in-house startup. We hope it will add to the evolving data conversation, and help make the case for design to be a part of it.  These are our lessons-learned from our journey as World Bank intrapreneurs.

Open India: Take on India’s Development Challenges
Open India: Take on India’s Development Challenges with the Wo... - The Open India app connects the dots between every public and private sector activity of the World Bank Group in India, against the context of the vast development challenges that the country faces. Use this app to track the World Bank Group’s work in your state and the development issues of your interest, and provide your ideas and feedback.

Posted by World Bank India on Friday, October 16, 2015

Pitch like a startup

India has become one of the fastest growing economies in the last decade, but remains home to a third of the world's poor. Its development challenges are massive: there is a huge infrastructure gap, it is urbanizing at an astonishing pace, and the population is set to cross 1.5 billion. The World Bank Group's Country Partnership Strategy offers an analysis and a plan to tackle these challenges. It covers a portfolio of over $25 billion, and provides a clear results chain to track the strategy’s progress.

A peek at the media coverage of SDGs: What is it telling us?

Mauricio Ríos's picture

Pope Arrives in General Assembly Hall for His AddressThe United Nations General Assembly recently adopted the Sustainable Development Goals (SDGs) in New York in the midst of great expectation and hype. The 17 SDGs, with 169 specific targets, are now becoming the road map for governments and the international development community for the next 15 years.

Now that all the publicity and excitement are starting to settle down, it seems opportune to look at the media coverage of the SDGs and developing countries to get a sense of how that coverage has played out over the past few weeks, and what some of the insights are that we can learn from for the way forward. This coverage mainly includes articles from various publications, websites, and blog posts in the English language. It does not include social media statistics from Tweeter or Facebook.  

An analysis of this media coverage featuring the key words “SDGs” and “developing countries” show that, over the past three months, more than 2,400 articles mentioned these two key words somewhere in the text of the articles. The analysis, using the Newsplus database, covers the period July 8-October 8. It shows that almost a quarter of that coverage (more than 600 entries) took place during the last week of September when the UN meetings were held. However, the second week of July, right before the summer break, was also active in terms of SDG-related coverage, signaling an important communications effort in the lead up to the UN September meetings.

 Document distribution by date