After several months of campaigning and negotiations, Moldova’s new Government is about to take shape. The World Bank is looking forward to hearing the new Government’s plans for reform.
Can we envision a time when we will no longer be surprised to hear that a woman is leading an energy or technology company? Can closing the gender gap in leadership, especially in male-dominated industries, be a possibility in fewer than 100 years?
Today’s dynamic women in top leadership positions are opening up the possibility of answering these questions with a resounding “Yes!” They have shattered glass ceilings and paved the way forward for countless others trying to uproot deeply entrenched ideas about women’s and men’s differing roles and opportunities in business and society. As a result, more and more women are now recognizing and making progress towards transcending the glass walls that also silo them in certain managerial functions, such as human resources and communications.
However, a new report by the International Labour Organization (ILO) released last week reminds us that gender diversity gains are not always sustained. Featuring unique data collected from 1,300 private sector companies in 39 developing countries, the report states that concerted efforts are required to consolidate progress and change mindsets while fighting unconscious biases at all levels of society.
All eyes turned to Russia recently, when on 16 December the ruble plunged by more than 11 percent, despite the Central Bank of Russia’s last-minute interest rate hike of 6.5 percentage points to 17 percent. When it looked like Russia’s turmoil might spread to global markets, western economies sat up and paid close attention.
What may have gone unnoticed, however, is the ongoing impact on our client countries in the Europe and Central Asia region.
The global economy is growing, but a bout of New Year anxiety has taken hold, posing challenges to our global mission: boosting the prosperity of the bottom 40%, ending extreme poverty by 2030, and avoiding a climate meltdown.
Scientists declared this past year as the warmest year on Earth since record-keeping began in 1880, and a series of scientific reports found glaciers melting and extreme weather events intensifying. There can be no doubt that this year world leaders must commit to transforming their economies to combat climate change.
In a couple of days, I’ll join leaders from the worlds of business, governments, politics, arts, and academia at the World Economic Forum in Davos, Switzerland. The Forum is one of the premier events for discussing global risks. Many if not most of these risks are identified in the Forum’s annual Global Risks report.
So what is the story about regional inequalities in Turkey?
The young boy stood before his father’s corpse, wailing. He could not believe that his father, who had gone out for breakfast, had ended up dead. He was blown up by a suicide bomber in one of Baghdad’s busiest restaurants in 2005.
I was covering the bombing attack for The Washington Post when I saw the boy becoming another digit in the count of war victims. In the news, he might be a number but in reality he became an orphan whose loss would add to the obstacles of achieving sustainable development.
When I was a reporter in my war-torn country of Iraq, I saw death every single day, in schools, markets, buses, and even worship areas. What is worse is that this is still happening, not only in Iraq but also in many other countries. Conflicts, wars, sectarianism, and racism have become a daily occurrence in the news, and it is just too disturbing.
Peki, bunun ardında yatan hikaye nedir?
The halving of world oil prices over the last six months raises questions about the implications for food prices and the welfare of poor people.
Do lower oil prices mean lower food prices? To a certain extent. But for low-energy cropping systems common in most developing countries, and in areas where food is not transported far, the impact will be dampened. For large oil exporters, however, food prices may increase. In general, lower oil prices should lower the cost of moving food from producers to consumers and reduce on-farm fuel and fertilizer costs. But a countervailing factor is that cheap oil may also induce people to drive more, and as fuel ethanol mandates link biofuel use to overall fuel use, ethanol use and the volume of maize used to produce it would also go up. In countries where oil is a large share of exports, real exchange rates may depreciate, which will disproportionately increase the price of traded goods like grains relative to other prices.
Is the downturn in agriculture commodity prices necessarily bad for farmers who produce food? A major downturn in commodity prices would not be great for farm incomes, and high crop yields would be needed to help dampen the effect on farm profits. Lower fertilizer and transport costs may help mitigate any negative impacts.
How long will oil prices remain low? While there is no certainty in forecasts, current estimates suggest fuel prices will remain low for 2015, increasingly slightly in 2016. There are three main drivers of the oil price decline which are structural: Significant increases in US shale oil production, receding concerns of oil supply disruptions in the Middle East, and a change in OPEC policy to maintain rather than cut production.