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Sub-Saharan Africa’s sovereign bond issuance boom

Rasiel Vellos's picture

The newly released 2016 edition of the International Debt Statistics (IDS) shows a rapid rise in sovereign bond issuance in some Sub-Saharan African countries. This includes those countries that have benefited from Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI) debt relief programs.

The chart above shows that sovereign bond issuance in certain Sub-Saharan African countries has risen substantially over the past 4 years. At the end of 2011, bond issuance totaled $1 billion and by the end of 2014, it amounted to $6.2 billion. Steady global market conditions and the potential for higher returns for investors have helped pave the way for more access to international markets, where the average return for these bond issuances is about 6.6%, with an average maturity of 10 years.

For these Sub-Saharan African countries, the proceeds from these sovereign bonds are used to benchmark for future government and corporate bond markets issues, to manage the public debt portfolio, and for infrastructure financing.

Why data was crucial to Burkina Faso’s first election since uprising

Liz Carolan's picture

Results of the west African country’s presidential election were openly available in real time, fostering confidence in the fairness of the result

 
 A street vendor sells newspapers in Ouagadougou on 3 December following the election of Roch Marc Kabore to the presidency. Photograph: Issouf Sanogo/AFP/Getty Images 
 

Democratic elections in transitional states are never straightforward. With limited experience to draw on, finite resources and a lack of transparency, it’s not uncommon for rumours, tensions and civil unrest to overshadow the process and undermine faith in the results.

But by midday on Monday 30 November – the day after Burkina Faso’s presidential election – citizens had a reliable early indication of who would be their first elected head of state since the overthrow of strongman Blaise Compaoré last year.

The difference was clear. For the first time, the results of the count were made openly available in real time. The official election website showed live results by district for each presidential candidate, and which candidate was leading in each province.

Trust is vital at all times during an election process. But one of the most sensitive time periods, especially in transition states, is between the time of polls closing and the time the final results are announced. In other recent elections on the continent, there have been delays of up to four days, creating an environment ripe for the spread of rumours and suspicion.

Development community rallies on migration and refugee crisis: Upcoming events from the International Organization for Migration, World Bank

Leila Rafei's picture

Recently, I wrote a blog highlighting the latest data trends in refugees and migration data as the global crisis reached unprecedented levels. It’s now two months later and refugee flows continue to swell. In October alone, reports the UNHCR, the total number of refugees reaching Europe matched the total for the entirety of 2014.
 
This week two pertinent conferences will be held by the World Bank and the International Organization for Migration to address the pressing issues surrounding this crisis. First, on December 9 the World Bank and the EU Presidency of Luxembourg held the “Conference on Migration and the Global Development Agenda” at the World Bank Headquarters in Washington, DC. Speakers discussed maximizing benefits and minimizing risks of migration for migrants and host, transit and origin countries. The event was open to the public and was livestreamed

2014 Global Findex microdata provides a closer look at people’s use of financial services

Leora Klapper's picture
Also available in: 中文 | Español | Français | العربية
We’ve just rolled out the 2014 Global Findex microdata, which features about 1,000 individual-level surveys on financial inclusion for 143 economies worldwide. Check it out at the Findex homepage or in the World Bank's Data Catalogue.
 

 

Two views on the Data Revolution

Tim Herzog's picture
More than 450 representatives from the government, academia, the private sector, and international organizations were in attendance.

Last month I had the opportunity to attend the Africa Open Data Conference in Dar es Salaam. Over 450 participants from 39 countries (including 24 African countries) attended the conference, whose sponsors included the Government of Tanzania, Code for Africa, the Open Data for Development Network, USAID, Twaweza, the World Bank and many other sponsors and partners. There is a summary of conference activity posted on Storify if you’re interested in checking it out.
 
The most significant takeaway for me was the combination of high-level engagement and participation of African governments alongside a community of talented and highly engaged local citizens. The opening keynote speech was delivered by the President of Tanzania himself, Dr Jakaya Kikwete, whose presence was announced by the presidential brass band. After his opening speech, the President spent nearly an hour meeting and talking with several of the local groups who were present in the exhibit area. Other African governments were well represented in the ensuing sessions.

Record number of forcibly displaced people has reached 60 million worldwide, data show

Leila Rafei's picture
Also available in: العربية | Français | 中文 | Español

As we continue to see headlines and editorials almost every day about migrants and refugees, it's not surprising when UNHCR reports that the number of forcibly displaced people has reached 60 million worldwide for the first time since World War II. This figure includes internally displaced people, refugees, and asylum seekers.

While many are on the move as refugees, others migrate willfully at rates that have also reached unprecedented levels. Below, I've explored some trends in regional, country- and economic-level migration and refugee data. But first: What's the difference between a migrant and a refugee?

According to UNHCR, a refugee is any person who has been forced to flee their country of origin because of a fear of persecution. A migrant, on the other hand, is one who leaves their country voluntarily for reasons such as employment, study, or family reunification. A migrant is still protected by their own government while abroad, while a refugee lacks protection from their country of origin.

What are trade blocs and how do two of Latin America’s largest compare?

Saulo Teodoro Ferreira's picture
Also available in: Español | Français

Trade blocs are intergovernmental agreements intended to bring economic benefits to their members by reducing barriers to trade.

Some well known trade blocs include the European Union, NAFTA and the African Union. Through encouraging foreign direct investment, increasing competition, and boosting exports, trade blocs can have numerous benefits for their members.

In Latin America, Mercosur and the more recently formed Pacific Alliance blocs together represent about 93 percent of the region's GDP at 2014 market prices. Who participates in these trade blocs and how do they compare?

Size, membership and performance of Mercosur and The Pacific Alliance

​The Pacific Alliance is a Latin American trade bloc formed in 2011 among Chile, Colombia, Mexico, and Peru. Together the four countries have a combined population of about 221.3 million and GDP of $2.1 trillion. The Southern Common Market (Mercosur) created in 1991, includes Argentina, Brazil, Paraguay, Uruguay, and Venezuela. Together the five Mercosur countries have 285.0 million inhabitants and GDP of $3.5 trillion.

One of the areas intended to benefit from these agreements, trade within the blocs, accounts for about 4 percent of the Pacific Alliance's total trade and about 14 percent in Mercosur.

Global Findex 2014: a bonanza of data on financial inclusion

Leora Klapper's picture
Also available in: 中文
Fellow data geeks, today is your lucky day!
 
​Today we launch our report The Global Findex Database 2014: Measuring Financial Inclusion around the World and The 2014 Global Findex database, an updated edition of what is by far the world’s most comprehensive gauge of global progress on financial inclusion. You may also find the database on the Development Data Group's Data Catalog
 


Want to learn how many adults own a bank account worldwide? Right this way. What happens with the gender gap when you break it down by country and region? We’ve got the stats … Check.  Where is mobile money making the biggest inroads, and what are the impacts? Check ... Check. How do adults save and borrow money, as well as manage financial risk? Check … Check … Check!

5 reasons why water is key to sustainable development

Tariq Khokhar's picture
Also available in: Español | العربية | Français


March 22nd is World Water Day. We’ve already covered 7 things you may not know about water so here a 5 more facts showing the links between water and health, energy, the climate, agriculture and urbanization. But first:

This is every river and waterway in the contiguous United States

Wide-660x357.jpg

Image via Wired

Nelson Minar produced this incredible map using data from the USGS National Hydrography Dataset. It includes some waterways that are dry most of the year but still have defined creek beds, and like veins running through the human body it shows how fundamental water is to the country’s ecosystem.

Small teams, big ideas: open data ambition runs from start ups to governments

Liz Carolan's picture
Also available in: Français
The ODI’s Liz Carolan reflects on a new network of government leaders driving open data 

One of the things we do at the Open Data Institute (ODI) is incubate start ups. Start ups, I have learnt in my 12 months working here, usually begin as being just one or two individuals with a good idea. They have some sort of plan to make that idea a reality. They have some manifestation of the entrepreneurial leadership qualities to at least try to make that idea work. They never have enough time, money or people, and they ordinarily start out surrounded by people telling them all the reasons why it won’t succeed.

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