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Private Sector Development

Unleashing private investment in renewable energy

Korina Lopez's picture

More than 700 million people live in extreme poverty around the world. If that number seems daunting, then consider this: 1.1 billion people – more than three times the population of the United States – live without electricity.

So it goes without saying that ending energy poverty is a key step in ending poverty itself. And world leaders agree – a sustainable development goal just for energy was adopted last month. It emphasizes the role of renewable energy in getting us to the finish line of reaching sustainable energy for all by 2030. What will give us a big boost in that race? Private financing.

Billions to trillions: Financing the Global Goals

Gavin E.R. Wilson's picture
Also available in: 中文 | Español | Français | العربية
The Penonomé project in Panama will be the largest wind farm in Central America. © Penonomé

Tomorrow morning, Pope Francis will kick off the UN General Assembly’s session on the Sustainable Development Goals (SDGs) and by the end of the day, the world’s leaders will have affirmed the 17 goals. This is a momentous occasion, worth celebrating, but the hard work begins Monday morning. That’s when the focus shifts from what to how.
The first 16 goals cover a range of critical development needs, expanding on the Millennium Development Goals that have guided development efforts since 2000. The final SDG is qualitatively different. Rather than expound on what we want to achieve, it addresses how we will achieve the goals. It focuses on the means of implementation.

Build it and growth will come

Dimitris Tsitsiragos's picture
Also available in: Français | Español | العربية | 中文
Solar panels in Morocco. © Dana Smillie/World Bank

By encouraging private investment in infrastructure, we can spur growth in the developing world

Later this month the United Nations is expected to finalize its Sustainable Development Goals, a global action plan designed to end poverty and support long-term growth. One of the goals states, “Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.” 
In many parts of the developing world, from Asia to Latin America, a massive infrastructure shortfall may be the single most significant obstacle to human and economic development. Addressing it will underpin progress on many of the SDGs.

Unleashing the power of women entrepreneurs around the world: The smartest investment to unlock global growth

Jin-Yong Cai's picture
Also available in: Español | 中文 | العربية
Jacqueline Mavinga, entrepreneur, Democratic Republic of Congo.  © John McNally/World Bank Group

​Since childhood, Gircilene Gilca de Castro dreamed of owning her own business, but struggled to get it off the ground. Her fledgling food service company in Brazil had only two employees and one client when she realized she needed deeper knowledge about what it takes to grow a business. To take her business to that next level, she found the right education and mentoring opportunities and accessed new business and management tools.

Ending poverty and boosting shared prosperity is about realizing human potential

Ted Chu's picture
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© Vikash Kumar

I have been fascinated by the concept of frontier all my life. What brought us here? What’s next? As a kid, my favorite book was “Ten Thousand Whys,” a pop-science series with all kinds of seemingly trivial questions like “Why are there fewer stars in the sky in winter?”

I wrote my Ph.D. dissertation on the Production Efficiency Frontier Theory — how to identify the most efficient units in a production network and measure the technical frontier. Later I became more of a macroeconomist and my interest expanded to identifying countries standing on the growth frontier. Subsequently, I began studying the deepest thinkers and became convinced that humanity is on an important new frontier of cosmic evolution.

Three Lessons Learned on the Road to Gender Equality

Bahar Alsharif's picture
What is a game changer for women in business and management? That was the topic on everyone's mind at the Confederation of British Industry (CBI) HQ in London this week. I had joined private sector leaders, including representatives from employer organizations around the world, for a one-day conference organized by CBI, the International Finance Corporation (IFC), and the International Labour Organization (ILO). Together, we reflected on latest research, shared best practices, and identified approaches to overcoming "stubborn bottlenecks" in achieving greater gender diversity at top. 

​Why we’re standing for food safety on World Health Day

Amy Evans's picture
Also available in: 中文

This year, World Health Day on April 7th is dedicated to improving food safety from the farm to the plate. This is a timely reminder that food safety is a global public health issue: Foodborne disease causes suffering, death, reduced productivity, loss of wages, decreased trade competitiveness and access to markets and ultimately exacerbate poverty.
Unsafe food containing harmful bacteria, viruses, parasites or chemical substances is the root cause of more than 200 diseases, ranging from diarrhea to cancers. Foodborne and waterborne diseases kill an estimated 1.5 million people annually, including many children under the age of 5.

Lessons on Forests from Brazil to Ethiopia and Mozambique

André Rodrigues de Aquino's picture
Photo by Andrea Aquino / World Bank​Can Ethiopia and Mozambique learn a lesson from Brazil on harnessing forests sustainably for economic growth?
Thanks to a recent knowledge exchange program, yes!
As we can all imagine, Africa’s lush greenery and planted forests offer huge potential but the sector’s expansion faces major barriers like access to land, lack of access to affordable long-term finance and weak prioritization of the sector.
Take Ethiopia, for example. About 66.5 million cubic meters of the country (46% of total wood-fuel demand) is subject to non-sustainable extraction from natural forest, wood- and scrublands, resulting in deforestation and land degradation. In Mozambique, charcoal is still produced from native forests, leading to immense pressure on natural resources, and way beyond its regeneration capacity. Both countries want to know how the forest sector can contribute to their national development plans and help grow their economies and reduce rural poverty, while being environmentally sustainable.
This topic is of even more importance as we celebrate the International Day of Forests on March 21, and helps us raise awareness on the need to preserve forests and use this natural wealth in a responsible and sustainable manner.

Musicians, funky technologists, and the World Bank: What do they have in common?

Sean Ding's picture
Also available in: Français
Every March, some 45,000 people flood into Austin, Texas for South by Southwest (SXSW), a set of film, music, and interactive festivals.  Since 1987, SXSW has been an epicenter for performers and filmmakers to showcase their talent, and more recently, for technologists and startup founders to launch new products and apps, such as Foursquare and Twitter (in 2007). This year, SXSW has brought to Austin discussion of big ideas such as extreme bionics, women in tech, anti-robot advocacy – and literally big devices such as GE’s 14-foot barbecue smoker
SXSW 2015. © Ed Schipul licensed under CC BY 2.0

At first sight, SXSW may appear to have little in common with the World Bank Group, the largest development institution in the world. Yet, creativity and technology, the two founding principles of SXSW, are often cited as two key factors for the World Bank Group to tackle the most daunting development challenges of the 21st century. At this year’s SXSW, a number of panel discussions around innovation, entrepreneurship, and technology in emerging markets are bringing the World Bank’s development agenda and Austin’s passion for technology much closer together. Among them two panels focusing on the risk and return of African Tech startups, and the innovation ecosystem in emerging markets, organized by infoDev, a World Bank program that supports innovation and entrepreneurship globally.

​To find solutions for rural women, ask the right questions

Victoria Stanley's picture

Today is International Women’s Day--though personally I think women deserve to be celebrated more than one day a year!

My colleagues and I who work at the Bank on enabling equity in agriculture celebrate women every day and recognize their contributions to their families, communities and countries.  We wanted to use this global celebration to update you on some of the things we’ve learned from our work to make women’s lives better.

Women have a big need for reliable and timely access to technical and market information: We believe that information and communication technologies (ICT) have the potential to completely change rural women’s lives, especially women farmers who often have less access to information compared to male farmers. Our recently completed study , which looked at practical ways to integrate ICTs into agriculture projects in Zambia and Kenya, found that rural and agricultural women have a lot to gain from access to ICTs. However we know that the use of ICTs to help women farmers depends on a number of factors, such as literacy, infrastructure and cost. Among the things we learned: ICT can enhance and expand the impact of  programs for rural women; it is essential to listen and learn through focus groups and other research approaches to understand women’s specific information needs that can be met by ICT; and women often learn better from other women. This study is the first step in a growing program to understand how we can best support women farmers with ICT.