Long-established bureaucracies can, sometimes, appear to be a little cynical. Toward their mission, toward their work routines, toward their staff, toward their chances of success. This cynicism can damage morale and become a self-fulfilling hypothesis. So it doesn’t hurt when bureaucratic organizations get an infusion of optimism from time to time that lets them rethink goals, capacities, and strategies.
The strength of a country, and especially the strength of a city, is its ability to react to, and repair, the social fissures that originate wherever three or more humans live together. Social tectonics is the natural fracturing along societal lines like wealth, education, ethnicity, religion, sexual orientation, even color of skin, shapes of noses, or sports team preferences. Humans are amazingly adept at finding things in others to be wary of.
Social tectonics is active everywhere. No government or leader can stop it – but much can be done to reinforce our societies, institutions and cities, as well as reducing stresses. Like observant seismologists, social scientists sense where stresses are increasing and approaching breaking points. For example, the Occupy Movement that has popped up in many American cities represents growing stress in people who see too much concentration of wealth. The Arab Spring is a fracture between the general populace and the few who concentrated political power.
I am very pleased to announce the launch of a new recruitment drive for Arabic speakers, called the SMART (Strategic MNA Arabic Recruitment of Talent) program, which will provide a small cohort of the best and brightest Arabic speakers with a unique opportunity to pursue a career at the Bank. We are very excited to introduce young, dynamic professionals to the MENA region of the World Bank and in this small way contribute to the expansion of the Arab talent in the World Bank’s MENA Region.
As European leaders convened in Brussels to find solutions—yet again!—to the debt crisis in the Euro zone, Kenyans are witnessing the old continent’s woes with a mix of surprise and self-satisfaction.
If only Greece had managed its debt like Kenya, Europe would be in a much better shape today. Greece’s debt would be standing at 45 percent of GDP, less than a third of what it actually is. Recent global economic history would need to be rewritten and Europe’s sick nation would be a macroeconomic success, with the luxury of deciding how to spend its resources well, rather than scrambling to mobilize them.
People, Spaces, Deliberation bloggers present exceptional campaign art from all over the world. These examples are meant to inspire.
Low-income individuals in developing economies face barriers that limit access to banking. In some countries, a common requisite of banks is that would-be borrowers must have official proof of income. However, this requirement excludes from the banking system all the informal households whose members work in activities that are not registered with the government, and who, due to the nature of their occupations, lack income documents. A case in point is that of Mexico. In this middle-income country, informal households represent more than half the population.
In Mexico, banks have been hesitant to lend to informal clients since they are considered riskier and less profitable. Nevertheless, and although they find it difficult to obtain credit from traditional banks, informal households tend to be active borrowers with alternative suppliers. Informal borrowers rely heavily on loans from relatives and friends, and on more expensive credit suppliers, such as pawn shops and moneylenders.
In the May 2012 edition of the East Asia and Pacific economic update, I wrote that labor migration across East Asia will require more urgent attention from policy makers very soon given the large labor force declines that some countries will face in the next 40 years.
I am in the midst of a trip working on impact evaluations in Ghana and Tanzania and these have really brought home the potential and pitfalls of working with program’s monitoring data.
In many evaluations, the promise is significant. In some cases, you can even do the whole impact evaluation with program monitoring data (for example when a specific intervention is tried out with a subset of a program’s clients). However, in most cases a combination of monitoring and survey data is required.