Evidence is piling up on the need to revisit the standard ‘supply’ versus ‘demand’ concept of how to improve governance for development. This is pointing to an exciting set of new priorities for reform in sub-Saharan Africa.
These are some of the views and reports relevant to our readers that caught our attention this week.
“In every country, sound laws are a key foundation of democratic governance and economic development. Crafting such laws, however, is only part of the path to success. The other half is making sure that the laws are properly implemented – which is often more challenging.
When laws and regulations are not properly adopted, such discrepancy creates an implementation gap – the difference between laws on the books and how they function in practice. This gap can have very negative consequences for democratic governance and the economic prospects of countries and communities. When laws are not properly implemented, that undermines the credibility of government officials, fuels corruption, and presents serious challenges for business, which in turn hampers economic growth.” READ MORE
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Water is vital, not only for people but also for green policies in Latin America and the Caribbean. Managing it not only includes preventing fatalities due to natural disasters or climate change adaptation but also providing the most vulnerable people with access to drinking water.
This is why one of the most important “green¨challenges the region faces is to create an efficient, practical and accessible water supply for all. In this video blog, Ede Ijjasz-Vasquez, World Bank Sector Director for Sustainable Development for Latin America and the Caribbean, explains Mexico´s achievements and successes in this area.
At the recent Congressional Black Caucus (CBC) Legislative week held in Washington DC, African Diaspora was the focus. Economic development—supporting Africa’s priorities in the areas of jobs, education, gender, health, youth—was one of the main threads that ran through the week-long discussions.
At the session “Africa Rising: A Continent of Opportunity”, Makhtar Diop, the World Bank’s Vice President for Africa, was one of three panelists discussing “Africa’s Growing Economies.” Africa’s average growth has exceeded five percent per year and accelerated to six percent before the global economic crisis. Performance of the 22 non-oil exporting countries averaged higher than four percent annual growth for the decade between 1998 and 2008, all of which he attributed mainly to better macroeconomic policies.
“We are not geniuses. We just use common sense.” For CEO and co-founder Ahmed Zahran of Karm Solar Egypt, a company that aims to commercialize solar technologies, it’s not about being a visionary. It is about good business. Ahmed and other young entrepreneurs and business leaders discussed the challenges and opportunities of doing business in the region.
People, Spaces, Deliberation bloggers present exceptional campaign art from all over the world. These examples are meant to inspire.
At a time when all decision-makers around the world can think about is the state of their country’s economy, debt, spending and fiscal stability, one phrase attempts to sum it all up: it’s arithmetic.
In Armenia, it is all about arithmetic too.
Despite the volatility of Armenia’s economy in the twenty years since the country gained independence, effective government reforms led to double-digit growth rates from 2001 to 2007. That ended with the global financial crisis in 2008.
The global financial crisis has reversed an expansionary trend of international activities by banks from advanced countries that had been at play for decades. From the late 1970s to 2008, banks not only found new opportunities for intermediation in increasing cross-border capital flows, but they also raised their profile in domestic credit provision abroad. We are now watching an upheaval of that landscape, its ground dramatically shifting with the unfolding of the crisis.