Gaza is one of the most fragile places in the world. Its 2 million people have lived under a blockade since 2007. Crammed within an area of only 365 square kilometers—about the size of Philadelphia—its mostly young and educated population has few economic opportunities, with unemployment topping 50 percent. As GDP per capita falls, more than half of its people have sunk below the poverty line, with few opportunities for prosperity. Only donor support is keeping the economy afloat.
In addition to that, Gaza is constrained by limited access to power—with only four hours per day of electricity. That creates a huge burden to ordinary people, who are forced to plan around the power schedule. But the lack of power is also crushing the life out of the manufacturing sector, which previously served as a major source of employment in Gaza. So, can we in the international development community do something to address this problem?
RecondOil | Flickr
Regional trade in electricity and other energy products can be a powerful force for market integration and sustainable development. In the Arab world, there are great potential benefits from increasing electricity trade beyond its current, very low level. The potential shared value of trade in electricity in 2020–2030 is estimated at $12 billion. We can expect even greater savings, about $44 billion, from more optimal power systems operation, with a major role for gas as the main fuel for power generation, displacing expensive liquid fuels.
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This is one in a series of blogs by Jeff Delmon using the metaphor of marriage (or divorce) to explore the dynamics of public-private partnerships (PPPs) as relationships created between two parties.
“If all parties understood the other’s vantage point,” says the recently CP3P certified Francis Chukwu, “more deals would happen—facilitating more investment, and more successfully executed projects.”
Francis Chukwu had a distinguished career as an international project finance lawyer in Lagos, Nigeria, (with Aluko & Oyebode) and then in Paris, France, (with Clifford Chance) advising mostly equity investors and lenders before joining the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) in 2016. He was offered the chance to become CP3P certified through the APMG PPP Certification Program, and when he took the first Foundation-level exam he thought he could just go in and pass. Not so.