By 2035, Cameroon aspires to join the ranks of industrialized, upper-middle-income nations with low poverty rates, strong economic growth, and a functioning democracy. To realize that goal, the government’s strategy (Document de Stratégie pour la Croissance et l’Emploi, DSCE) envisions annual GDP growth rates of 5.5 percent and the creation tens of thousands of formal jobs each year. With a relatively more diversified economy than its more oil-dependent peers in the CEMAC region, the country seemed well-poised to achieve its objectives until at least halfway through the decade. However, Cameroon has been facing a combination of external headwinds and internal constraints that present challenges to its development aspirations, poverty remains high at 37.5 percent (in 2014).
Statistics show that what is commonly perceived as an energy gap in India is actually an efficiency gap.
But first, the good news. . That same year, power shortages declined dramatically to 0.9 percent from 8.5 percent in 2012.
As for clean power,
On top of that,
The country faces a monumental task to meet this demand while protecting its natural environment and the health of its people.
As I write in my new report, ‘In the Dark’, power distortions cost India much more than previously estimated: $86 billion in 2016—that is 4 percent of the country’s economy.
Will diversifying its economy help Bhutan address its youth unemployment, let alone its macroeconomic volatility and vulnerability?
With the right approach, yes.
And to that end, the latest World Bank Bhutan Development Report: A Path to Inclusive and Sustainable Development proposes solutions relevant to Bhutan’s context.
as described in the 10th and 11th five-year plans.
Diversifying the economy is touted as a standard prescription to cure such development ailments as joblessness, low productivity, and macroeconomic volatility.
However, international experience shows that this prescription does not always work.
Case in point: A World Bank’s analysis Diversified Development concludes that in resource-rich countries, investing in physical capital, human capital and economic institution are the best ways to sustain growth in the private sector.
Further to that, the development of specific sectors, which is often a common ingredient of diversification strategies in certain countries, is neither necessary nor sufficient for private-sector-led growth.
- Jobs and Development; Skills; Human Capital
- Human Capital Project
- Human Capital Index
- human capital accumulation
- Human Capital
- Social Development
- Public Sector and Governance
- Private Sector Development
- Law and Regulation
- Financial Sector
- Climate Change
- South Asia
In a remote village in Bihar’s Bhojpur district, Sushumlata sits behind a spanking new desk in a newly-refurbished government building.
From the time she came to the village as a new bride, this young woman has chosen to get involved in community affairs by joining the Self Help Group (SHG) movement.
Later, armed with a master’s degree in social work, she joined active politics and, in 2016, was elected the Mukhiya, or head of the Dawan village Gram Panchayat – the local governance institution – under the seat reserved for women.
Sushumlata is the face of the government in this remote corner of Bihar. When we visit her in the newly upgraded Gram Panchayat building – refurbished under the World Bank (IDA) funded Bihar Panchayat Strengthening Project – she tells us how the newly painted and equipped building has made a difference.
A young man is busy on a computer beside her, helping an elderly gentleman apply for a government pension.
We’re living in a time of disruptive technologies evolving at an exponential pace. Today, you can enjoy an Impossible Burger (meat industry disrupted) delivered by Caviar (food delivery disrupted) to your AirBnB (hotel industry disrupted) while you’re on FaceTime (telecommunication industry disrupted) urging your teenager to get back to lessons on Khan Academy (education industry disrupted). And all the while, you’re leaving a trail of digital data points.
So rather than trying to predict what the future will bring, I want to focus on the principles we should use to shape it. What do we want the future to look like?To me, this means two things: making data convenient and making data credible.
“Sí, sabes que ya llevo un rato mirándote
Tengo que bailar contigo hoy”
The Despacito tune blared in the bus, and my fellow riders kept tempo to the rhythm.
I was recently on mission in the Punjab province, Pakistan, on my way to the Shalimar Gardens for some sightseeing on my day off.
The last thing I expected to hear was the top song of 2017 on a bus in Lahore but in hindsight, this shouldn’t have surprised me.
We live in a global community, and across the world, individuals are getting more connected every day. Music perfectly exemplifies this – a universal language which we can all understand. With this increased connection comes higher expectations.
In addition to roads and clean water, citizens now demand that their government provide reliable digital connectivity. And when taxes and other revenues are not sufficient to cover this and other public services, governments must borrow to pay for it.
Managing public debt was precisely my reason to be in Lahore where I introduced a cash flow tool the World Bank helped design.
Another year has passed, and we are only 11 years away from the goalpost of the 2030 Agenda for Sustainable Development (Agenda 2030).
In the past few years, knowledge sharing has moved to the center of global development as a third pillar complementing financial and technical assistance. Agenda 2030 calls for enhancing “knowledge sharing on mutually agreed terms,” while the Addis Ababa Action Agenda on Financing for Development encourages knowledge sharing in sectors contributing to the achievement of the SDGs.
For cities, this means that
If, like me, you’re a firm believer in New Year’s resolutions, early January ushers in the prospect of renewed energy and exciting opportunities. And as tradition has it, it’s also a time to enter the prediction game.
To sum up:
Notably, and despite increasing conflicts and growing fragility, Afghanistan is expected to increase its growth to 2.7 percent rate this year.
In this otherwise positive outlook, Pakistan’s growth is projected to slow to 3.7 percent in fiscal year 2018-19 as the country is tightening its financial conditions to help counter rising inflation and external vulnerabilities.
However, activity is projected to rebound and average 4.6 percent over the medium term.
The concept of engaging with citizen is a funny one - so simple and obvious, it’s hard not to roll your eyes and think of a wheel somewhere being reinvented. But the more you think about it, the more you realize: citizen engagement is what all governments currently grapple with.
With the creation of the World Bank’s Human Capital project and launch of the Human Capital Index in October 2018 it is fitting for social accountability practitioners to ask how countries would be able to close the ‘human capital gap’ and to be accountable for their efforts?