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.
The bow of the open aluminium boat jumped from wave to wave, cutting deeply into the white-topped wave crests and adding salt spray to the rain that was showering us constantly with wind-blown pin prick-like strikes. The helmsman then turned towards the shore, slowly bringing the boat into shallow water beside a small wooden pier, where we were able to climb gingerly ashore.
The helmsman was Wilson, Team Leader for the Solomon Islands Rural Development Project (RDP) in the Western Province, and he was accompanied by Lottie, the RDP Project Manager. RDP is a Solomon Islands government project supported by the World Bank, Australia, the European Union and the International Fund for Agricultural Development. Graham (my colleague on this mission) and I were in the Solomon Islands as part of an evaluation of the World Bank's work in the Pacific, funded by the Australian Agency for International Development (AusAID). The RDP had been selected as a case study project for us to visit.
It was gratifying this morning to sit in a room filled with disaster risk reduction and management experts from around the world to open the 2012 Understanding Risk Forum. The Forum focuses on how countries and their development partners can work together to protect people and communities against the impacts of climate-related natural disasters.
In Sub Saharan Africa, these disasters range from floods caused by cyclones and rising sea levels in coastal countries like Mozambique and Madagascar, to droughts caused by too little rainfall in places like Mauritania, Mali, Chad, Burkina Faso and Niger in the Sahel and Somalia, Ethiopia, Eritrea and Sudan in the Horn. As the World Bank's Jonathan Kamkwalala said, many disasters are hydro-meteorological in nature, meaning too little water resulting in droughts or too much water resulting in floods. Volcanoes also are a concern in Africa, although many wouldn't know it. The Democratic Republic of Congo's Mount Nyiragongo is an active volcano, one that could erupt in the very near future.