How does my pension fund invest my money? More and more people around the world are asking this question. As the global population ages, it has becoming increasingly important to ensure that…

Fiona Stewart |

The president of the Somali Chamber of Commerce, Mohamoud Abdi Ali,  joins with the country's Minister of Commerce and Industry, Khadra Ahmed Dualle, at the IFC-sponsored Public-Private…

Klaus Tilmes |

Global competition to attract foreign and domestic direct investment is so high that nearly all countries offer incentives (such as tax holidays, customs duty exemptions and subsidized loans) to…

Harald Jedlicka, Yassin Sabha |

In 2014, money transfer operators sending funds to Somalia were coming under increasing pressure. Western financial institutions, concerned about money possibly ending up in the hands of…

Emile van der Does de Willebois |

I recently spent three days in Hargeisa, Somaliland. An eye-opening experience, as much as one that strengthens my conviction that World Bank Group is doing the right thing by engaging in this…

Cecile Fruman |

Afghanistan. Photo by Steve Utterwulghe. This latest blog post should start with a mea culpa. Indeed, my 2015 work plan for public-private dialogue (PPD) did start in Dushanbe, Tajikistan, not…

Steve Utterwulghe |

The spectacular recovery of a long-missing painting by Pablo Picasso – a canvas that had been stolen more than a decade ago, in a daring museum theft in Paris – offers a vivid reminder of the…

Christopher Colford |

Somalia has the reputation of being a mysterious and conflict-ridden land. Who hasn’t heard of the infamous “Black Hawk down” episode, the militant group al-Shabaab or the pirates off the Somali…

Steve Utterwulghe |

The price of sending international remittances has reached a new record low in the first quarter of 2014. The global average cost of sending money across borders was recorded at 8.36 percent. This…

Massimo Cirasino, Marco Nicoli |

"Project Greenback 2.0 – Remittance Champion Cities" was launched on October 29 in Turin, Italy. A team from the World Bank's service line on Financial Infrastructure, hosting the…

Massimo Cirasino, Marco Nicoli |