Join us for #SLDU2017: Economic Benefits of Environment Management. This Twitter chat will be hosted by World Bank South Asia (@WorldBankSAsia) in collaboration with the Institute for Policy Studies IPS (@TalkEconomicsSL).
When is it?
August 21, 2017 from 5.30 – 7.30 pm
The chat will explore the findings of the Sri Lanka Development Update (SLDU), published this June.
I look forward to engaging with you together with a panel from different areas of expertise.
We’ll be discussing priority reforms with a focus on how Sri Lanka can better manage both its business and natural environment to bolster economic growth and sustain development.
In recent years, natural disasters have left parts of this island nation devastated, exacting a significant economic, fiscal and social toll. The SLDU identifies other challenges as well, pressing the case for fiscal consolidation, a new growth model, improved governance and programs to buffer against risk.
The latest update cautions against adopting piecemeal solutions, noting that the challenges facing the island nation are inter-linked and require a comprehensive and coordinated reform approach.
In the end, we also hope this Twitter chat will allow us to learn from you as we begin our preparations for the next SLDU.
How can you participate?
Never taken part in a Twitter chat before? It’s simple. Just think of this as an online Q&A. @WorldBankSAsia will moderate the discussion, posing questions to panellists. You are encouraged to join in too! Follow along, retweet and engage. If you have a question, simply tweet it out using the hashtag #SLDU2017. We’ll see it and try to get you some answers.
Inspired by Sri Lanka's incredible natural beauty, the World Bank organized a photo contest starting on June 21st aimed at showcasing the many talented photographers among us as well as celebrating the rich flora and fauna of Sri Lanka. We received an overwhelming response from many talented photographers, both professional and amateur, who sent us hundreds of awe-inspiring entries.
After the contest ended on June 30th, 167 entries were shortlisted. We asked you which photos were your favorites and you voted until 6PM Monday on your selections through social media. Without further ado, here are the top 10 based on your choices!
Let us know what you think in the comments below and don't forget to follow World Bank Sri Lanka on Facebook as well as the World Bank's Country Director for Sri Lanka and Maldives, @Idah_WB on Twitter.
Sri Lanka, the emerald isle, is endowed with natural beauty. Surrounded by the Indian Ocean, the island nation is replete with wondrous wildlife, magnificent landscapes and natural wonders.
Inspired by this, the World Bank in Sri Lanka organized a photo contest on 21st June, 2017. This contest, one of several organized by the Bank, is aimed at showcasing the many talented photographers among us as well as celebrating the rich flora and fauna of Sri Lanka.
We received an overwhelming response from many talented photographers, both professional and amateur, who sent us hundreds of awe-inspiring entries. The contest ended on 30th June, 2017. We have now shortlisted a total of 167 entries after removing those which had issues with reference to clarity, quality and relevance.
Now, it's time to look for the winners and we are putting you in the driver's seat. Crowdsourcing, as you know, is a very popular method of selection for online contests globally. Therefore, for this particular contest, the winner will be chosen on the basis of the number of likes that you have clicked.
While some may think the Sri Lanka’s cricket team did well in the recent Champion's Trophy, myself included, vigorous debates have been going on, on TV and social media and even here in our office which clearly suggests that not everyone agrees on their performance. Despite these differences in perspective, I witnessed the excitement of many of my colleagues and friends from different parts of the world as they cheered, supported opposing teams, analyzed the games, and mulled the behind the scenes politics that affect the game, and also passed judgements on winners and losers. The key point here is that for Sri Lanka to be in the top 8 internationally they had to play other countries. This analogy fits well with how economies grow and are recognized; so hold on to this thought.
Reading through the many articles in the news, be they paper, internet or just exchanges between citizens on social media, one thing is clear, there is no one unified view on how Sri Lanka is growing. While developed countries would salivate at a growth rate of 4.4 percent, in Sri Lanka it is considered below potential. Some even question if it’s growing! The result is a confusing landscape on an important issue that touches everyone in some way.
Twice a year the World Bank adds data and analyses to the many out there. We try to answer questions such as: what is Sri Lanka’s actual growth? Which parts of the economy have grown and which have not? If the country is to accelerate growth, what needs to be done? What can its people do to help? We know from cricket that the players can be excellent but if no-one cheers for them, they lose interest and cannot be successful. Eventually the game loses its luster and the competitive edge of the country’s ranking also slips. Both sides need to understand what needs to be achieved, how, by whom and when the team doesn’t quite deliver in a match, what part of the game should they change. This is what has made Sri Lanka a cricket powerhouse.
Enter Sri Lanka’s #worldenvironmentday photo competition
Deadline – 30 June, 2017
Biodiversity is the way so don’t let nature go astray!
If you believe in this motto, then why don’t you participate in our exciting photo competition?
We’d love to see photos of Sri Lanka’s majestic animals and landscapes from your lens. This is your opportunity to share aesthetically pleasing photographs for a cause that you believe in. Enter your creative photo, with a short statement describing the photo, for a chance to win an exciting prize. Here’s how it works:
In the first 6 months of this year, Sri Lanka has experienced a number of major events that demonstrate exactly how critical managing the environment is: Drought, landslides, a garbage avalanche, flash floods — and many other events at scales that have not caught the attention of those not affected. The damage to lives and assets, and the disruption to routines that make us who we are psychologically and spiritually is tough to live through and slow to reverse – if it ever does.
So why would we leave thoughts on sustainable environmental management to just one single day a year? We typically celebrate “Environment Day” by picking up rubbish around the city or from the rivers, or the sea; or by participating in a charity walk, or a charity run, and so forth. The excitement builds, everyone engages and the next day everyone moves on to “more pressing matters” until the next calamity, and the blame game starts all over again.
Let me assert the following key point: Nothing will change until we all see ourselves as part of the problem and part of the solution. For many of these issues we can make a difference, every day!
In a previous blog we related how South Asia as a whole had improved the performance of its container ports since 2000 but had still struggled to catch up with other developed and developing regions. But within that picture, some ports did better than others.
For example, Colombo in Sri Lanka, the fast-expanding Mundra and Jawaharlal Nehru Port in India and Port Qasim in Pakistan all improved the use of their facilities in the first decade of this century. India’s Mumbai and Tuticorin were among those that fell behind. Colombo also improved its operational performance by almost halving the share of idle time at berth, while Chittagong (Bangladesh) and Kolkata (India) had the longest vessel turnaround times in the region.
Knowing how specific ports perform and the characteristics of ports that perform well and those of ports that perform poorly helps policymakers design interventions to support underperforming ports.
In the report “Competitiveness of South Asia’s Container Ports” we identified three interrelated policies to improve the performance of the container ports, a key element in one of the world’s fast-growing regions: increasing private participation in ports, strengthening governance of port authorities and fostering competition between and within ports:
Every year, May 3rd is marked around the globe as World Press Freedom Day. This year UNESCO has declared the theme “Critical Minds for Critical Times”. Recently, Sri Lanka joined the ranks of nations that have taken progressive steps in making information available to the public by unveiling its own Right to Information (RTI) law. This is an important first step for the country. Experience from different parts of the world suggests that opening up access to information is an ongoing process that requires patience and perseverance to bring the full benefits of disclosure to a large number of stakeholders including, citizens, private sector and government.
The World Bank unveiled its own policy on the disclosure of information in 2002. The Bank felt compelled to do so as knowledge sharing is an integral part of its development mission. Moreover, the Bank needed to share information in order to get a better pulse from its stakeholders on how its services were performing; how it could improve but also to serve an increasing demand for its information and data. In 2010 this policy was revised through a series of public consultations. Even so, the document is still evolving with constant feedback from our clients and citizens from countries we serve.
Opening up the institution has also meant exposing our staff and projects to public scrutiny. When I joined the World Bank in 1995, it was a very different institution; most information was restricted. Our journey from a closed institution to an open one has not been easy. We have learnt that merely implementing a policy is not enough to achieve the real reason for opening up; allow people to review, analyze and make informed judgements based on concrete information and data. But more importantly we now know better that how staff perceive the increased access and its impact is the biggest challenge and yet also an opportunity.
Many countries, developed and developing, that want to become more competitive in global markets tend to jump to a quick conclusion that they need to invest more in infrastructure, particularly in transport sectors like ports. But while many regions, including South Asia, do face important infrastructure gaps, massive new investment is not the only way to improve regional competitiveness. Countries should realize that they also have significant potential to make more efficient use of the infrastructure they already have.
Building megaports all along the coast might reduce a country’s trade costs, but it also requires hundreds of millions of dollars in investment. Improving the performance of existing ports, enabling them to handle higher levels of cargo with the same facilities and in a shorter time, can be a far more cost-effective approach to reducing transport and trade costs. Closing the infrastructure gap does not just require more infrastructure, but also better infrastructure, and better use of existing infrastructure.
The report Competitiveness of South Asia’s Container Ports, which we launched today, provides the first comprehensive look at the 14 largest container ports in South Asia, which handle 98 percent of the region’s container traffic. It focuses on port performance, drivers, and costs.
The World Bank is releasing its first-ever comprehensive study of container ports in South Asia, examining the competitiveness of major ports across the region and suggesting ways they can work more efficiently to boost trade.
The report, to be formally launched on April 27, examines the performance of the ports, which handle about 75 percent of the region’s trade by value, and assesses the role that the private sector, governance, and competition have played in their development.
Trade has been key to South Asia’s remarkable economic average annual growth rate of about 6.7 percent since the beginning of the century, the second-highest in the world after East Asia.
By improving the transport infrastructure, including ports, and easing bottlenecks that hinder the flow of goods, the World Bank is helping South Asia lower its high logistics costs, capture a bigger share of the global market and create more jobs, supporting its progress toward becoming a middle-income region.