"Not everything that is faced can be changed, but nothing can be changed until it is faced."
- James Baldwin
As part of the search for new ideas on tackling the high global level of youth unemployment, we spoke with Constantino Gonzalez, a young political leader with the Nueva Alianza Party in Mexico. To break down the obstacles to political inaction on an agenda for creation, Gonzalez suggests that the initiative should come from the local level, with all stakeholders together building a common jobs agenda. He urges youth to explore entrepreneurship and politics to help shape their communities and country.
As our impact evaluations broaden to consider more and more possible outcomes of economic interventions (an extreme example being the 334 unique outcome variables considered by Casey et al. in their CDD evaluation) and increasingly investigate the channels of impact through subgroup heterogeneity analysis, the issue of multiple hypothesis testing is gaining increasing prominence.
"It's Possible!" read the roadside sign as our bus pulled into Sejong, the Republic of Korea’s future face to the world. We soon understood why Sejong is being billed as "Asia’s Green Metropolis of the Future" and Korea's new growth engine.
Our trip to Sejong this week was organized by the Korea Research Institute for Human Settlements (KRIHS), a partner with the World Bank’s flagship program on urbanization in South Asia. The program has formed a network of city leaders, policy makers, urban planners and practitioners from across the region to put the world’s best knowledge and data in their hands, and to harness urban growth for faster poverty alleviation and better development outcomes. The idea behind the trip was to take inspiration from Korea’s vision of becoming one of five top-ranked Green Economies by 2050 and to learn from cutting-edge Korean examples in green urban development for possible application in South Asian cities as they grow in size and numbers.
Last month, MIGA signed its very first contract of guarantee for a project in Libya. The guarantee covers an investment by Jafara Company to expand a beverage and harissa plant outside of Tripoli. (Harissa, if you have never had it, is sometimes known as the "ketchup of North Africa" — a hot chili sauce used to spice up North African foods.) The €7 million contract, underwritten through MIGA's Small Investment Program, provides cover against losses due to expropriation, war and civil disturbance, and transfer restriction. The project came to MIGA through a private equity fund out of Tunisia, AfricInvest, which is indirectly investing in Jafara through a partial acquisition from its previous owner, the MIMS Group of Bosnia-Herzegovina.
The need for more and better data is a key message coming out of the new 2013 World Development Report on Jobs. Indeed, timely jobs data can inform policy areas as diverse as drafting fiscal policy, designing labor market and social protection policies, and targeting public expenditures. Yet for too many countries and years, data is incomplete, unavailable, or inaccessible.
· Job Opening at the World Bank for an experienced Impact Evaluator: Manager of the DIME unit. “In view of the rapidly expanding IE work program and related human and budgetary resources managed by the DIME unit, Bank management has decided to establish the position of Manager, DIME unit”.
Interview with Wonki Min, Senior ICT Policy Specialist, on the influence of high-speed Internet on job creation
Thick cloudy skies subdued the sunlight on an autumnal day in Paris. That did not stop the group of representatives from the public and private sector attending the 5th Carbon Fund Meeting of the Forest Carbon Partnership Facility (FCPF) from making a decision that is a major milestone. Costa Rica is set to become the first country to access performance-based payments through the FCPF. This is the first time a national program is being supported by carbon funds in this global initiative of 54 countries and organizations, heralding a new phase in forest carbon finance.
This decision is a strong vote of support for Costa Rica’s ambitious plan to become the first “carbon neutral” country by 2021. Conserving forests and planting trees that capture carbon dioxide plays a large role in the national endeavor.
An interesting feature of Costa Rica’s proposal to the Carbon Fund is the quasi-national scope of the program that would be implemented in a mosaic approach on additional 341,000 ha of mainly privately owned land. Two-thirds of the targeted area is degraded land that the country aims to restore with reforestation, secondary growth and agroforestry, and one-third is old growth forest that will be protected from deforestation. The resulting emission reductions are estimated at 29.5 million tons of CO2. Close to half of these emission reductions (12.6 million tons of CO2) would be offered to the Carbon Fund, and would require an estimated financing of $63 million (assuming a price of $5 per ton of CO2).