According to the World Bank Group’s 2018 #ID4D Global Dataset, an estimated one billion people around the globe face challenges in proving who they are. They struggle to access basic services – including access to finance and even a mobile phone – and may miss out on important economic opportunities, such as formal employment or owning a registered business. The implications of “providing legal identity for all, including birth registration” go beyond individual rights and opportunities: being able to reliably verify the identities of their population is critical for countries to deliver services efficiently, strengthen their ability to raise revenues, and foster growth in the private sector.
This week 1,600 delegates – government officials from 47 African countries, development partners, and the private sector – are gathered in Abuja, Nigeria for ID4Africa to help accelerate progress in closing the identification gap on the continent, where over half of the 1 billion ‘uncounted’ reside. Accurate data on who these people are is vital for all stakeholders to close this gap, and especially to “leave no one behind”.
Yunus owns a fabric store in Blantyre, Malawi. The store was founded by his grandfather, who immigrated to Malawi in 1927, and has now been in his family for three generations. Business is good, Yunus said, but that the cost of essential services like electricity and water has gone up since his grandfather and father owned the store. Even so, he remains optimistic.
Marija Bosheva is a student at an agriculture and forestry vocational high school in Kavadarci, Macedonia. Like many high school students around the world, she takes daily lessons in history, math, biology, and chemistry. However, unlike many of her peers, she is also studying oenology — the art of making wine.
Are you carrying on a family tradition, like Yunus? Do you work or study in an entirely new field that didn’t exist when your parents were your age? Are you in the same position vis a vis your peers as your parents were vis a vis theirs?
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Asset owners and financial intermediaries increasingly seek to finance development that meets present needs without harming future generations.
This is around one-quarter of professionally managed assets globally.
The focus of ESG investing has been on equity markets – given its roots in corporate governance and engagement, and with information most readily available on listed companies.
Solar’s growing share of the energy mix is being driven by better storage capacity and attractive generation costs. Large solar parks are now competitive with most alternatives; their average cost is below 5 cents per kilowatt-hour in some developing countries. Smaller-scale solar grids are also getting more competitive, opening new paths to financing this clean energy source. With rapid improvements in energy efficient lighting, refrigeration, water pumps, and other technologies for households, solar may soon be as game-changing as mobile phones have been in the last decade.
Solar’s potential is evident from its quick growth in India, where installed capacity recently topped 20 gigawatts (GW), putting the country closer to its ambitious target of 100 GW from clean energy by 2022 (an amount comparable to total installed capacity in the United Kingdom).
But can we go further, making disasters even ‘duller’ by also releasing finance before a disaster strikes?
UN Under Secretary General for Humanitarian Affairs, Mark Lowcock, recently set out a compelling vision for how the humanitarian system can be improved. He argued that “disasters are predictable… we need to move from today’s approach where we watch disaster and tragedy build, gradually decide to respond, and then mobilise money and organisations to help, to an anticipatory approach, where we plan in advance for the next crises, putting the response plans and money for them before they arrive, and releasing the money and mobilising the response agencies as soon as they are needed…”
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Through the confidence he gained from competitive sport, he has made his name as a radio presenter and a key leader in the development blind cricket and other sports for persons with disabilities in Guyana.
For too long women have suffered from this type of violence that has negative consequences on their voice and agency as well as their capacity to fully participate in the economy and society. But sexual harassment also has negative effects on women’s economic opportunities. For example, if no recourse is available to protect them, instead of reporting the problem, women facing sexual harassment in the workplace often say that they have no other choice but to quit. This may mean starting over, missing out on pay raises, career growth opportunities, and earning potential.