Syndicate content


World Bank launches the Africa Catalytic Growth Fund

Ignacio Hernandez's picture

The World Bank launched recently the Africa Catalytic Growth Fund (ACGF). Its goals:


To provide rapid, targeted support to countries with credible programs to accelerate growth, poverty reduction, and attainment of the Millennium Development Goals (MDGs).


The fund is designed to complement efforts by African leaders and Africa’s international partners to respond to the diversity of experience across the continent, using an innovative approach.


Decentralization and economic growth

Raj Nallari's picture

The essential logic is that devolution of political and administrative power as well as fiscal resources to lower levels of governments (state or provincial governments, municipalities and village administrations) would lead to improved economic efficiency in provision of public services to local residents and this in turn contributes positively to economic growth at the local and national levels (so-called Oates’ Decentralization Theory).  For example, if a certain city does not provide essential services then residents are likely to move to other cities (i.e.

Poverty Reduction in the Middle East and North Africa

Ignacio Hernandez's picture

The World Bank has recently published the report Sustaining Gains in Poverty Reduction and Human Development in the Middle East and North Africa. The report states that there has been little progress in poverty reduction in the MENA region since the mid 1980s. The slow growth can be at the origin of this lack of progress in poverty reduction.


In an interview, Farrukh Iqbal, Lead Economist and author of the report, talks about the relationship between growth and poverty in the region:


Asia's Winds of Change

Ignacio Hernandez's picture

The June issue of IMF's Finance and Development magazine is out. Focus is on Asia.


In Asia's Winds of Change, David Burton, Wanda Tseng, and Kenneth Kang analyze Asia's growth over the last 50 years, the crisis in the late 1990s and the new challenges of globalization.


This is their take on Growth and Poverty in Asia.