Syndicate content

Fiji

A Catalyst for Green Financing in Indonesia

Philippe H. Le Houérou's picture



It is an unfortunate but fact of life that Indonesia often deals with the impacts of natural disasters. It was sadly evident again this week when I arrived in Jakarta to the unfolding disaster caused by the earthquake in Lombok, West Nusa Tenggara. My condolences go out to the families and friends of those who lost their lives.

While scientists are reluctant to say a specific natural disaster is caused by climate change, they say a changing climate is resulting in more extreme events around the world. That’s why at International Finance Corporation (IFC), the largest global organization working with the private sector in emerging markets, finding new avenues for climate financing is a key priority.

Green bonds offer a pathway. The world is witnessing a rapid growth in green bonds, dramatically increasing the flow of capital to green projects and bringing new financiers into the climate smart investment space.

Completing the storytelling ‘circle’: a VR project goes home

Tom Perry's picture
Development organizations & NGOs need powerful stories to help people connect with their work. Yet how do communities feel after their stories have been shared?

After leading the production of a climate change Virtual Reality production in Fiji and returning it to communities, Tom Perry, the World Bank's Team Leader for Pacific Communications, shares his thoughts.

Five lessons in infrastructure pricing from East Asia and Pacific

Melania Lotti's picture
Photo: © Dini Sari Djalal/World Bank

In the infrastructure domain, “price” is a prism with many façades.
 
An infrastructure economist sees price in graphic terms: the coordinates of a point where demand and supply curves intersect.
 
For governments, price relates to budget lines, as part of public spending to develop infrastructure networks.
 
Utility managers view price as a decision: the amount to charge for each unit of service in order to recover the costs of production and (possibly) earn a profit.
 
But for most people, price comes with simple question: how much is the tariff I have to pay for the service, and can I afford it?

Untuk menggali potensi siswa, tuntut dan dukunglah guru

Michael Crawford's picture
Also available in: English

Di antara 29 negara dan ekonomi kawasan Asia Timur dan Pasifik, kita bisa menemukan beberapa sistem pendidikan paling sukses di dunia. Tujuh dari sepuluh pencetak rata-rata nilai tertinggi pada tes yang dapat dibandingkan secara internasional seperti PISA dan TIMSS berasal dari kawasan tersebut, di mana Jepang, Korea Selatan, Singapura, dan Hong Kong, Tiongkok secara konsisten selalu berada di antara yang terbaik.
 
Namun, yang lebih penting, kita juga menemukan bahwa kinerja yang hebat tidak terbatas pada sistem sekolah di negara-negara berpenghasilan tinggi kawasan ini. Sistem sekolah di negara berpenghasilan menengah seperti Vietnam dan Tiongkok (khususnya provinsi di Beijing, Shanghai, Jiangsu, dan Guangdong), meskipun memiliki PDB per kapita yang jauh lebih rendah, memiliki nilai lebih baik daripada rata-rata negara OECD. Terlebih lagi, nilai dari Tiongkok dan Vietnam menunjukkan bahwa kinerja siswa miskin tidak tertinggal. Siswa dari kuintil berpenghasilan terendah kedua memiliki skor lebih baik daripada rata-rata siswa OECD, bahkan peserta tes paling miskin pun mengungguli siswa dari beberapa negara makmur. Namun demikian, seperti ditunjukkan grafik di bawah, negara-negara lain di kawasan ini belum mencapai hasil yang sama.

To unlock student potential in East Asia Pacific, be demanding and supportive of teachers

Michael Crawford's picture
Also available in: Bahasa Indonesia

Among the 29 countries and economies of the East Asia and Pacific region, one finds some of the world’s most successful education systems. Seven out of the top 10 highest average scorers on internationally comparable tests such as PISA and TIMSS are from the region, with Japan, Republic of Korea, Singapore, and Hong Kong (China) consistently among the best. 

But, more significantly, one also finds that great performance is not limited to school systems in the region’s high-income countries. School systems in middle-income Vietnam and China (specifically the provinces of Beijing, Shanghai, Jiangsu, and Guangdong) score better than the average OECD country, despite having much lower GDP per capita. What is more, scores from both China and Vietnam show that poor students are not being left behind. Students from the second-lowest income quintile score better than the average OECD student, and even the very poorest test takers outscore students from some wealthy countries. As the graph below shows, however, other countries in the region have yet to achieve similar results.

Making a VR film in Fiji: Q&A with the team behind 'Our Home, Our People'

Tom Perry's picture

In November 2017 at the COP23 climate change conference in Bonn, Germany, the World Bank – in partnership with the Fijian Government – launched its biggest foray yet into the world of 360-degree Virtual Reality (VR).

Our Home, Our People is a storytelling project that takes viewers to the heart of climate change in Fiji.

Within six weeks of going live, film has been viewed by more than 3,500 people at the COP23 event, more than 200,000 people on YouTube, 170,000 people via VeerVR, and has garnered significant global interest.

Here, the team behind the film provides an insight into how the project came about, some of the challenges of making the film in VR, and what the project meant to those involved.


Working together to understand climate change risks in Fiji

Katherine Baker's picture



People read about climate change every day and we are all familiar with it as a concept.  While we understand that steps need to be taken to address the risks; its impact often feels harder to imagine. We assume that the impacts are something we will experience in the future. 

But in the Pacific, the impacts are already being felt by communities. This came across clearly in our work on the Climate Vulnerability Assessment – Making Fiji Climate Resilient report, which the Fijian Government produced with the support of our team and the Global Facility for Disaster Reduction and Recovery (GFDRR), and which was launched at COP23.

How do we achieve sustained growth? Through human capital, and East Asia and the Pacific proves it

Michael Crawford's picture
Students at Beijing Bayi High School in China. Photo: World Bank


In 1950, the average working-age person in the world had  almost three years of education, but in East Asia and Pacific (EAP), the  average person had less than half that amount. Around this time, countries in  the EAP  region put themselves on a path that focused on growth  driven by human capital. They made significant and steady investments in  schooling to close the educational attainment gap with the rest of the world. While  improving their school systems, they also put their human capital to work in  labor markets. As a result, economic growth has been stellar: for four decades  EAP has grown at roughly twice the pace of the global average. What is more, no  slowdown is in sight for rising prosperity.

High economic growth and strong human capital accumulation  are deeply intertwined. In a recent paper, Daron Acemoglu and David Autor explore  the way skills and labor markets interact: Human capital is the central  determinant of economic growth and is the main—and very likely the only—means  to achieve shared growth when technology is changing quickly and raising the  demand for skills. Skills promote productivity and growth, but if there are not  enough skilled workers, growth soon chokes off. If, by contrast, skills are abundant and  average skill-levels keep rising, technological change can drive productivity  and growth without stoking inequality.

Pages