The current budget (FY10) expects a significant increase in revenue collection, a perennial problem in the country. The target revenue was set at 610.00 billion taka ($8.8 billion) with 261.10 billion collected in the first half and the remaining 348.90 billion in the second. The realization of this target requires a year on-y growth of 16.15%, which, being a notable departure from the trend growth rates was received with sheer skepticism from the economic observers of the country. However, about 33.67% more revenue has to be collected in the second half of the fiscal year as compared to the first half which seems realistic in the light of the fiscal performances of the last 5 fiscal years.
With deep azure skies, bountiful sunshine, and a crisp but mild breeze today, spring is by far my favorite season in Washington. Today marks the 40th year since the advent of Earth Day, an occasion to create awareness and appreciation of the Earth’s environment that we all share in and enjoy. The event is now celebrated around the world as resources are increasingly stretched and environmental issues becoming more pertinent in our everyday lives.
I wanted to give an overview of some Earth Day related events happening in South Asia to mark the occasion.
National Saplings in Kabul: Green coverage has been reduced from 14 million hectares to 1 million hectare in Afghanistan.
Bindu Ananth is the President of IFMR Trust, which has a mission of ensuring that every individual and every enterprise in India has access to complete financial services. In pursuit of this, IFMR has made four key investments – IFMR Rural Finance (full service financial institutions for remote rural India), IFMR Capital (guarantee company for high-quality MFIs), IFMR Mezzanine (subordinated debt provider for emerging MFIs) and IFMR Ventures (debt access for rural enterprises). Through these investments as well as other initiatives , IFMR Trust is advocating for an inclusive financial system in India. Recently I interviewed Bindu about how the financial system in India might be configured to deliver complete financial service access.
The doors to the largest depository of development data in the world were just thrown open. Starting today, all our statistics are available online free of charge for all. The Open Data Access builds on the success of Data.Gov adopted by the US and UK and lets the global community create new applications and solutions to help poor people in the developing world.
Data, until now available through subscriptions only, is now accessible at data.worldbank.org. This is an important milestone for the World Bank, which complements the Access to Information reform. For many data is power. It is more than just numbers as it creates the space for dialogue based on facts and helps to foster new ideas.
President Robert B. Zoellick discusses the Open Data Initiative available starting today at data.worldbank.org
|Iresha Dilhani from the remote village of Mahavillachchiya in North Central Sri Lanka is one of the beneficiaries of taking Internet into rural areas in Sri Lanka. She works in her parents mud and wattle house on the laptop she bought from money she earned working on line for business company.|
Communicate your right to shape the world.
Say what you want to say, look at what others are saying; learn, network, communicate and shape the world you are going to live in. This is the message going out to youth as the World Bank Colombo office launches its Say it! [email protected] program on the 1st May on channel ETV at 8:00 to 8:30 P.M.
The program is a convergence of new social media and the established old media of television and newspapers. The rationale is to provide an interactive space on the Web, as well as through an introductory monthly TV documentary a virtual Youth Commons where Youth can express their opinions, join in discussions, interact and build networks.
The Specific Objectives are to:
They looked up shyly as I entered the class room. Curious eyes focused on me, as I bend to sit on the jute mat on the floor, careful not to step on all the books in front of us. They were learning about the difference between "ship" and "sheep" – the difference in pronunciation, spelling and meaning.
I stole a look around the classroom – it was a small dingy room with bamboo walls and a thatched roof – but in spite of the surroundings, the children had put in their best efforts to liven things up. Colorful paintings of flowers, fruits, trees and birds were hung up all around – vivid splashes of red, green, fuchsia and sky blue. Out of the corner of my eye I saw a painting of a woman in an orange sari, balancing a pitcher of water on her hips, a plump mango in her hand, a wide grin on her face framed by long flowing black hair.
These must be the images and colors of their dreams, I thought. They were the children of Ananda Schools - Learning Centers known as the Schools of Joy.
|28 year old mum Sewdini with Kuveneshi. The future is theirs. Photograph © Chulie de Silva|
They come carrying babies in arms, toddlers in bicycle baskets, the disabled in wheel chairs, the old and the young, to gather under a tree to plan and build back their village and the community. The meeting at Jeyapuram South in the North of Sri Lanka is held under the Cash for Work Program (CfW) a component of the World Bank’s Emergency Northern Recovery Project (ENREP). The meeting of resettled villagers commences with songs of inspiration, with everyone joining in. The voices are strong, they sing in unison, and hands are raised, the spirits revived.
The CfW program is the only source of employment for a large number of the people in most of the resettled villages immediately after their return to their home villages. The program provides incomes to the returning Internally Displaced Persons (IDPs) a minimum of 50 days of employment to rehabilitate their own houses and gardens, clean and repair wells, irrigation canals, roads, drains, schools, mosque and church buildings. The aim of the CfW is to bridge the income gap between the time of return of the returnees (after receiving emergency resettlement provisions) and until the IDPs are able to obtain an income from regular livelihoods.
|Photo Copyright of Jugantor|
Have you ever tried explaining to non-economists what the consequences of resource misallocation can be for the economy?
What will happen if you invest enough in some sectors and too little in others? The answer is likely to be that you have enough production in sectors where you got your investments right and too little in the under-invested sectors. That may be correct in some cases, but it ignores the interdependence between the adequately invested and underinvested sectors. As a result, you may have too little production in the sectors where you have invested enough because you have too little production in the sectors you have neglected to invest.
This question was asked ---- out of surprise, confusion, and even a little bit of suspicion --- at the launch of JIYO! --- an artisan owned brand ---- at the New Delhi Office during April 1-3. The crowds of artists, art patrons, buyers, hotel chain owners, parliamentarians, diplomats, Bank staff, and other shoppers milled about the kiosks of artists from rural areas, and many contemplated this. The answer is quite simple: from a rural poverty reduction perspective. India is home to the largest population of rural poor in the world, larger even than all of sub-Saharan Africa.
Cultural industries are the second largest employer in rural India. Cultural industries are also a US$100 billion global market. It's clear what the Bank could and should do in this area. Linking rural artists to this massive global market creates opportunities for both growth and poverty reduction, and it comes with the bonus of preserving the India's rich cultural heritage.
When people think of rural development, they mostly think of agriculture, but there is so much more to "rural" than people assume. Many of the traditional, heritage art forms --- also known as cultural industries --- have been kept alive in rural areas. Too often relegated as "quaint", these artists have been relegated to the informal sector, a poverty trap that leads many to abandon their art. JIYO! --- a JSDF-funded project in India that is linked to several rural livelihoods investment projects --- has been turning the typical view of rural arts upside down.