To get the pulse of an institution’s financial management and its room for growth, we must first look at its financial statements. The information in these statements is, of course, essential but often provides only a partial picture focusing on short-term returns.
To understand the true value created by an organization, we need to look more broadly. This necessitates going beyond traditional financial reports and spending time understanding how the institution manages its non-financial resources.
I have vivid memories of my first trip to Ghana. It was in July 2006 and I was in the country to do a research on Ghanaian farmers. It was in Accra, where I watched my team, Italy, win the FIFA World Cup final against France. Other than being a lucky charm to me, I thought Accra was a nice and safe town but,I felt that it had the potential to grow.
When I came back seven years later, I was pleasantly surprised by the changes. The city was dotted with new buildings, new roads, and had a really buoyant atmosphere. Of course, Accra is not representative of the whole country, but according to a recent report that Pierella Paci and I presented in October, growth and poverty reduction have been widespread in the country.
Now you may ask as to how Ghana was able to achieve this. In our report, Poverty Reduction in Ghana: Progress and Challenges, we show that sustained and , from 52.6% to 21.4% between 1991 and 2012.( Note: For comparing 1991 and 2012 poverty rates for both absolute and extreme poverty, the study used the 1999 poverty line. Official poverty rates use the new poverty line re-based in 2013.) The impact of rapid growth on poverty has been far stronger in Ghana than elsewhere in Sub-Saharan Africa. Indeed, until 2005 — far above the Sub-Saharan average of 1.6%.
At the time, the country was still opening up to the outside world, and the Bank had just set up a small office there. I recently returned to Vietnam after 15 years, this time as the Bank’s Global Lead for Land. I saw a completely different country: while the old city charm is still there, Hanoi has transformed to the point that it is really difficult to recognize… as if I had landed in Japan, China, or any other Southeast Asian country.
The airport used to be one gate; now, it is a modern airport not much different from any airport in Western Europe or the United States. I remember that, when I worked in Vietnam in the mid-90s, GDP per capita was averaging US$200, and around 50% of people lived in extreme poverty. Today, GDP per capita has soared to about US$2000, while extreme poverty has dropped to around 3% according to the US$1.9/day extreme poverty line... An impressive achievement in less than 20 years.
My trip to Vietnam had the goal of helping the government modernize and automate the land administration system. In the early 90s, the country launched an ambitious reform program to transform the land use model from communal farming to individual household ownership by breaking up the communal land structure and distributing land to individual households. This reform was then credited with changing Vietnam from a net importer of rice to one of the largest rice exporters in the world in only a few years.
In accordance with the Land Law of 1993, the first Land Use Certificates (LUCs) issued under the program were in the name of the “head of household”, i.e. in the name of men only. Later on, the Vietnamese government, with support from the World Bank, strove to change things around by issuing LUCs bearing both the wife’s and the husband’s names.
In the Fall, I had the opportunity to participate at TEDx MidAtlantic and talk about some of the things we are doing at the World Bank's Innovation Labs. I was excited at this opportunity to share the stage with inspiring speakers such as, Barbara Amaya, anti-trafficking advocate; Katie Bechtold, flight controller Pluto mission; Kavita Shukla, social entrepreneur; Jose Andres, renowned chef; Lawrence Lessig, democracy reformer, and many other truly inspiring speakers.
At a technical meeting of the g7+ group of fragile states, participants from Haiti to Timor Leste gathered with a mission: to sift through the many proposed indicators for the 17 Sustainable Development Goals (SDGs), and select 20 indicators for joint g7+ monitoring.
Hosted recently in Nairobi by the World Bank’s Fragility, Conflict and Violence Group, it was the first time that 17 out of 20 g7+ members were present, including senior officials from the National Statistics Offices and others. West African countries were particularly well represented. Their discussions were passionate: “We were mere spectators to the Millennium Development Goals. Now we want to actively push our specific challenges to the center of SDGs implementation,” said one. “Our motto is that no one is left behind,” said another.
As countries look to domestic resources to help meet the ambitious development agenda laid out in 2015, there is value in looking at international experiences where mineral wealth has become a dedicated revenue stream for financing development efforts, particularly for investing in human capital (via public health or education).
She is described as having strong ideas. A spirited and energetic girl who dreams of a big future, Shams helps children and encourages them to learn and play.
But Shams is not a real child. She is a Muppet and one of the most popular fictional characters in the children’s show Iftah Ya Simisim, the Arabic version of the popular, long-running US children’s show Sesame Street, which was introduced in the Arab world in the 1980s.
- Gender Equality and Socia Inclusion
- gender equality
- Gender and Equality
- women empowerment
- Girl's Education
- Children's rights
- Children's Education
- Middle East and North Africa
- West Bank and Gaza
- Yemen, Republic of
- United Arab Emirates
- Syrian Arab Republic
- Saudi Arabia
- Egypt, Arab Republic of
At a meeting of the g7+ group of fragile states recently held in Nairobi, Bienvenu Hervé Kovoungbo looked back on his time in the same city, two years ago.
Back then, the citizens of his country, the Central African Republic (CAR), were caught in a fight between different militia groups. Bienvenu, who is the Director of Multilateral Cooperation and former Head of the Investment Budget Division in the Economy, Planning and International Cooperation Ministry, flew to Nairobi to attend a steering meeting of International Dialogue on Peacebuilding and Statebuilding. There, he appealed to g7+ colleagues and to donors to come to their assistance. After the meeting, he could not get back to the capital Bangui for two weeks, held up in Douala, Cameroon while his family had to flee their home and live with thousands of others in makeshift camps on the outskirts of the city.