“50% of Arab world citizens are dissatisfied with public services in their area,” according to a World Bank survey — which prompted not one, but two sessions at the World Bank Group-International Monetary Fund Spring Meetings. So it was no coincidence that the meme #BreaktheCycle emerged in another Middle East and North Africa (MENA) panel, “Creating Jobs and Improving Services: A New Social Contract in the Arab World,” which also revisited the theme of the social contract in both oil-importing and exporting countries.
Public Sector and Governance
The World Bank’s Governance Global Practice (GGP) is integrating its approach to address technical and political constraints to effective public procurement in Cameroon.
In efforts to boost efficiency and integrity in public spending, the Government of Cameroon created the Ministry of Public Procurement (MINMAP), the first of its kind in the world, to take responsibility for providing oversight to public contract procurement and management. It is also in charge of executing high value contracts on behalf of all sector ministries and designing public procurement policies and capacity development strategies in partnership with the pre-existing public procurement regulatory body (ARMP).
- Procurement Value Chain Analysis
- African Development Bank
- Rapid Results Initiative
- Public Integrity and Openness Department
- Governance Global Practice
- Public Service Delivery
- public contract management
- public contract procurement
- Public Procurement
- Public Sector and Governance
- The World Region
How safe and how stable is today’s international financial system? Eight years since the global bond markets started quaking – and almost seven years since the Lehman Brothers debacle triggered a worldwide meltdown – is the financial system resilient enough to recover from sudden shocks?
These are not just rhetorical questions, but urgent ones. Amid the ominous recent tremors within the European Union – with the intensifying risk that insolvent Greece could soon “crash out” of the eurozone if it fails to extract more bailout money from its exasperated rescuers – the global financial system may be about to get another real-life lesson in riding out traumatic turbulence.
So mark your calendars for this Wednesday, May 6, when a top-level conference with some of the world’s leading financial luminaries will be livestreamed online at (click here) this website from 9 a.m. to about 5 p.m. Many of the world’s top regulators, policymakers and scholars – brought together by the Institute for New Economic Thinking – will gather at the International Monetary Fund for a day-long exploration of “Finance and Society.”
A sense of déjà vu might seem to surround the conference agenda, especially for World Bank and IMF colleagues who recall the nonstop financial anxiety that consumed the Spring Meetings just a few weeks ago. A similar economic dread reportedly pervaded last week’s Milken Global Economic Conference in Los Angeles.
Yet the INET conference may be poised to offer a somewhat different perspective. The Spring Meetings featured the familiar lineup of business-suited, grim-and-greying Finance Ministers – mostly male, mostly middle-aged, mostly mainstream moderates – but the group of experts at the “Finance and Society” conference will reflect a welcome new dose of diversity. Every major speaker on the agenda is a woman.
The economists at the pinnacle of the world’s most powerful financial institutions – Christine Lagarde of the IMF and Janet Yellen of the U.S. Federal Reserve System – will keynote the conference, and the proceedings will include such influential financial supervisors as Sarah Booth Raskin of the U.S. Treasury and Brooksley Born and Sharon Bowen of the U.S. Commodity Futures Trading Commission. There’ll also be a pre-conference speech by the woman who has suddenly galvanized the Washington economic debate: No, not Hillary Clinton, but Senator Elizabeth Warren.
The new global roster of financial leaders – in this conference's case, all of them women – illustrates how economic policymaking is now, at last, drawing on the skills of an ever-wider-ranging talent pool. The economic expertise featured this week is bound to mark a positive step forward, considering the ruinous impact of the recent mismanagement by middle-aged mainstream men. (Sorry, guys, but can you really blame people for noticing that the pale-stale-and-male crowd allowed the world to drift toward the Crash of 2008?)
This week’s conference agenda is admirably forthright about the challenge: “Complexity, special interest, and weak systems of governance and accountability continue to interfere with the ability of the financial system to serve society's needs.” With Lagarde and Yellen setting the tone – and with Warren adding an injection of populist vigor – this week’s INET conference seems likely to offer some imaginative insights that go beyond the familiar Spring Meetings formula.
If ever there were a time when an INET-style dose of “new economic thinking” might be needed, it’s now. Growth is sluggish and sometimes even stagnant in many developed nations, amid what Largarde calls “the new mediocre.” Markets are fragile and currencies are volatile in many developing countries. A commodity-price slump may drain the coffers of many resource-rich but undiversified economies. As mournful pundits have been lamenting seemingly ad infinitum and sans frontières, the global economy is suffering from a prolonged hangover after its pre-2008 binge of irrational exuberance.
As if the worries about “secular stagnation” were not enough, there’s also the tragedy of Greece, where an economic calamity has unfolded like a slow-motion car wreck as financial markets breathlessly await the all-too-predictable collision. Regular readers of this blog will surely have noted that fears of Greece’s potential crashout from the eurozone have been nearing a crescendo – and the possible default-to-the-drachma drama may soon reach its catharsis.
Photo credit: Jbdodane
When Governor Adams Oshiomhole took office in Edo State, Nigeria, in November 2008, it was on the back of a protracted battle to retrieve his mandate through the electoral courts and through fractious politicking by labour and civil society groups.
After a scale of violence in the summer of 2009, across the oil-rich Niger Delta region, oilfields shut down and 200,000 people were displaced.
The public expected that Oshiomhole would deliver on his promise of “a citizens' government," but “quick wins” would be a challenge. After years of neglect, inaction and patronage politics, the state’s administration was untrusted, mired in dysfunction, fiscal uncertainty and debt.
By 2012, the governor had returned for a second term with an increased majority in an election widely touted as relatively free and fair. No small part of this success is due to signature efforts in ramping up capital spending, especially around roads and civil infrastructure.
During these debates many examples are quoted – the early 20th century oil concessions in the Persian Gulf, the late 19th century cross continental railway in the USA and the İzmir-Aydın railway concession in present-day Turkey, the Rhine river concession granted in 1438 and so on.
As debate on the origin of PPP continues, the modern-day popularity of PPPs is more commonly acknowledged to have emerged from the United Kingdom, following the introduction of Private Finance Initiatives in 1992’s autumn budget statement by RH Norman Lamont, then Chancellor under John Major’s Conservative government.
In the intervening years, many developed and developing nations have started PPP programs of their own. Indeed, the growth of PPPs in developing countries is nothing short of phenomenal, with the mechanism being used in more than 134 developing countries and contributing to 15–20 percent of total infrastructure investment.
This is also true of Bangladesh. In 2009, the Government of Bangladesh announced the introduction of a revised PPP program in the 2009/10 Budget Session, and then introduced a new PPP policy in August 2010 (PPP Policy 2010).
In addition, our new online course on PPPs will introduce real-world cases to an audience that doesn’t attend PPP conferences or read development banks’ annual reports.
There are plentiful examples that illustrate the realities, challenges and opportunities that PPPs offer. With your help, we intend to share and explore many of them on this blog. We invite you to read, share and engage with us on these topics and follow us on Twitter at @WBG_PPP.
Building trust between citizens and governments is crucial to successfully address, in a collaborative and engaged manner, many of the issues that affect the everyday lives of citizens, like corruption, government inefficiency and lack of service delivery.
Recent data, however, has shown that .
In fact the 2015 Edelman Trust Barometer stated that the number of “truster countries” are at an all-time low, reflecting a general decline of people’s trust in institutions of governments, NGOs, business and media.
This infrastructure will support government reform and change the way services are delivered. It is also expected that the program will help create thousands of new IT jobs, give a boost to the domestic manufacturing of electronics and, as a spin-off effect, lead to emergence of new services and flourishing e-commerce.
India’s Department of Electronics and Information Technology (DeitY) is the agency that help develop and now is driving the implementation of this transformative agenda. We asked Dr. Rajendra Kumar, Joint Secretary for e-Government, to tell us more about Digital India, the challenges this program is meant to address and the solutions that are envisaged. Read Dr. Kumar’s selected responses below, and click here to download the full version of the interview.
Digital India, the ambitious initiative of the Indian Government, aims to bridge digital divide and bring high-speed Internet and government services to the rural and underprivileged parts of the country by 2019. What are the key development challenges that Digital India is addressing and why was investment in ICTs chosen as the main solution?
India is sitting on the cusp of a big information technology (IT) revolution. We have to leverage our massive Indian talent and information and communication technologies (ICTs) as growth engines for a better India tomorrow. This is embodied in the following statement: IT (Indian Talent) + IT (Information Technology) = IT (India Tomorrow).
- South Asia
- Information and Communication Technologies
- Public Sector and Governance
- information and communication technology
- information and communications technologies
- information and communication for development (ICT4D)
- Service Delivery Arrangements; eGov; eGovernment; eGovernance
- Digital Government; Digital Governance; Public Accountability
- Digital government
- client perspectives
“All roads lead to Rome” may have been true in ancient times, but policymakers during this Spring Meetings season in Washington have been focused on another classical crossroads: All roads now lead to Athens, as the intensifying eurozone crisis is again stoking fears that Greece may soon “crash out” of the European common currency system – potentially dealing a severe shock to the still-fragile global financial markets.
“The discussions about Greece have pervaded every meeting” during this fast-forward week of finance and diplomacy, said the United Kingdom’s Chancellor of the Exchequer, George Osborne. That viewpoint was reinforced by a studious chronicler of the Greek drama’s daily details, Chris Giles of The Financial Times, who asserted – in an unusually dismissive swipe – that “the antics of Greece dominated the Spring Meetings of the International Monetary Fund and World Bank.”
The Greece-focused anxiety was palpable to many Spring Meetings attendees, judging by the number of corridor conversations and solemn sidebars that dwelled on the eurozone drama – especially on the Fund’s side of 19th Street NW. While most forums and panels on the Bank’s side of the street focused on the progress of many developing countries, events at the Fund seemed consumed by the policy contortions within Greece's faltering economy, as Meetings-goers monitored every tremble of their text messages to follow the week’s the week’s staccato bulletin-bulletin-bulletin news of Greece’s financial flailing.
“The mood is notably more gloomy than at the last international gathering,” said Osborne, “and it’s clear . . . that a misstep or miscalculation on either side [of the Greece negotiations] could easily return European economies to the kind of perilous situation we saw three to four years ago.” Having received a $118 billion bailout in May 2010 and a second package of $139 billion in October 2011, Greece is now at an impasse with its creditors: the IMF, the European Central Bank and the European Commission. A new government in Greece – having denounced the loan conditions reluctantly accepted by its predecessor governments – is debating how, or whether, it should comply with lenders’ pressure for far-reaching reform. Greece's foot-dragging has exasperated the lenders even as Greece envisions a potential third bailout program.
As the Greek tragedy unfolds, the doleful observation of Wolfgang Münchau in the FT seems all too apt: “Until last week, discussions with Greece did not go well. That changed when the circus of international financial diplomacy moved to Washington for the Spring Meetings. Then it became worse.”