Since the Edelman company began tracking trust with its Trust Barometer, never has the world seen such an “implosion of trust.” In 2017, two-thirds of countries fell into “distruster” territory with trust levels of below 50 percent. Governments are now distrusted by investors in 75 percent of countries, and the same is the case for business in 46 percent.
Private Sector Development
À première vue, cela peut surprendre que la dernière édition du rapport phare d’ACET, lancée cette semaine lors des Assemblées annuelles de la Banque mondiale qui se tiennent en ce moment à Washington, soit consacrée au thème de l’agriculture. Mais c’est précisément notre objectif – il ne s’agit pas de parler exclusivement de l’agriculture, mais surtout de faire comprendre que c’est un secteur clé pour transformer l’économie du continent dans son ensemble.
At first glance it might seem surprising that the African Center for Economic Transformation (ACET) has zeroed in on agriculture as the focus for our 2017 flagship report, launched this week at the World Bank’s Annual Meetings in Washington. But that’s precisely the point: this is not primarily about agriculture, it is about how you transform the broader economy, with agriculture as the catalyst.
The Nigerian government’s Infrastructure Concession Regulatory Commission has blazed an important trail, publishing details of 51 Federal Public Private Partnership (PPP) contracts—the culmination of a year’s work with the World Bank to ensure that all, non-confidential information is easily accessible to the public. We hope other countries will follow Nigeria’s trend-setting lead.
Alors que l’année 2016 se profile sous le signe de l’incertitude et de l’instabilité, elle s’annonce également riche en progrès potentiels. L’Afrique devrait profiter de ces grandes évolutions et en initier quelques-unes.
La conjoncture internationale est sans conteste difficile, avec le ralentissement de la croissance, les secousses des places boursières, l’effondrement des cours des matières premières et les risques émanant des pays émergents (de Chine notamment) — sans oublier la hausse du nombre de réfugiés, les tensions géopolitiques et les menaces découlant de l’extrémisme violent.
In 2016, the world faces uncertainty and volatility – as well as huge opportunities for significant progress. Africa stands not just to gain from these major shifts, but also to lead some of them.
The global landscape is certainly challenging, with the political and economic news dominated by slowing growth, rocky stock markets, falling commodity prices, risks in emerging markets (especially China), increasing numbers of refugees, geopolitical tensions and the threat of violent extremism.
No día 25 de Março de 2015, a comunidade internacional reuniu-se em Bruxelas a fim de mobilizar recursos para a Guiné-Bissau, cujo governo e o povo guineense parecem prontos para um novo começo.
As international donors gather this week in Brussels to mobilize resources for Guinea-Bissau, the government and people of this West African nation appear ready for a fresh start.
This peculiarity cannot be explained only by the fact that the region is poor. The company has found a market in about 30 countries with GDP per capita of less than US$ 3,000 (in constant 2005 US$) at the time of their first McDonald’s opening. Hamburgers, Cheeseburgers, and Big Macs are also on offer in a dozen of low-income countries as well. When the first McDonald’s opened in Shenzhen in 1990, China’s GDP per capita was less than US$ 500 per person. Of course, Shenzhen’s per capita income was several times higher, but the company has also found a market in Moldova since 1998 when the GDP per capita of the 3 million person country was less than US$ 600 per capita. There are many cities in SSA today that have higher income, population concentration, and tourists than what Chisinau had in 1998; yet they do not have a McDonald’s. As a matter of fact, 22 SSA countries today have higher income per capita than what Moldova or Pakistan had when the first McDonald’s opened there, and 15 of them have higher income per capita even than what Indonesia or Egypt had at their McDonald’s openings (see chart).