Inger Andersen, World Bank Vice President for the Middle East and North Africa region, shares her impressions of her recent visit to Djibouti.
The Prospects Daily will be on Winter recess and will resume on
Wednesday January 2nd, 2013.
- United States
- United Kingdom
- Latin America & Caribbean
- Europe and Central Asia
- East Asia and Pacific
- Macroeconomics and Economic Growth
- Financial Sector
- retail sales
- Industrial Production
- global unemployment
- Global financial markets
- Global equities
- GDP growth
- consumer confidence
Credit to firms can be classified in two categories: revolving credit lines and term loans. Revolving credit lines offer borrowers the option to draw funds up to a limit, repay and redraw them as they see fit. In term loans, borrowers usually make a single draw of funds and commit to pay a fixed amount periodically. Both types of credit have pros and cons. However, it is not clear what determines whether a firm obtains a revolving credit or a term loan. In particular, two interesting questions arise. First, what is the relationship between the type of credit to firms and the economic cycle? Second, are there any differences between those types of loans in terms of pricing? In a recently released paper, I explore these questions for Mexican firms, using credit level information from Mexico’s National Banking and Securities Commission (CNBV) for the period of 2001-2012.
Last week, I had the honor of being part of the fourth World Innovation Summit for Education (WISE), in Doha. Pratham, the recipient of the 2012 WISE Prize for education, was praised as a renowned leader in the field of education for providing innovative, low-cost solutions for mass literacy and numeracy in developing countries. Pratham’s CEO and co-founder, Madhav Chavan, received the award, which recognizes “world-class” contributions to education.
While in Doha, I had the pleasure of being part of a WISE panel debate with Mr. Chavan, which also included Financial Times correspondent Chris Cook and Dr. Talal Abu-Ghazaleh. Anver Versi, editor of African Business and African Banker, was the moderator. During this panel, we discussed innovative financing and the role of public-private partnerships in education. Mr. Chavan began his remarks stating that, “Education is too important to be left to governments alone.”
I am back to Same, Ecuador for the holidays. People here are busy getting ready to receive the tourists. Most will come after Christmas though, so things are still quiet. It's a good time to look back at the year and see what has happened on the jobs front.
Ennovent and WWF Switzerland announced the winners of their Tropical Forest Challenge this past Monday. The winners came from two categories: company and startup. Launched in May 2012, the WWF Switzerland Tropical Forest Challenge is a global initiative managed by Ennovent on behalf of WWF Switzerland to discover the best for-profit enterprises from around the world that have a positive impact on the conservation of tropical forest biodiversity.
The winners are endorsed by WWF Switzerland as best solution providers and are awarded global visibility, networking and capacity building opportunities from the challenge partners such as, Good Company, Sustainatopia and Thomson Reuters Foundations’. These Challenge rewards are important as many early-stage entrepreneurs face resource gaps – such as networks and training – that inhibit their ability to scale high potential ventures.
Did you ever want to know more about banking regulation and supervision in Middle East and North Africa? It has been possible, for some time now, to get a good sense of MENA's banking regulations and how they compare to other countries and regions in the world. This is thanks in large part to the World Bank’s global Banking Regulation and Supervisory Survey
In recent weeks, fiscal policy – once the domain of policy wonks – has become part of dinner-table conversations. As Washington attempts to put its fiscal house in order, catchy metaphors from "fiscal cliff" to "fiscal calamity" to "austerity bomb" (and even "hostage crisis") permeate the media. Amidst the media spin and misnomers however, there lies a crucial debate.
The Global Burden of Disease Study 2010 (GBD 2010), a systematic effort to assess the global distribution and causes of major diseases, injuries, and health risk factors, was launched last week in London.
And a special issue of The Lancet has published its results (http://www.thelancet.com/themed/global-burden-of-disease).
What are some of the main findings for Africa that can be drawn from the GBD 2010?
- Since 1990, the largest gains in life expectancy worldwide occurred in sub-Saharan African countries, especially in Angola, Ethiopia, Niger and Rwanda, where life expectancy increased by 12-15 years for men and women. Overall, male life expectancy increased from 48.8 in 1990 to 53.2 years in 2010 in central sub-Saharan Africa, 50.9 to 59.4 years in eastern sub-Saharan Africa, and 53.0 to 57.9 years in western sub-Saharan Africa.
· GiveWell has a nuanced discussion of the evidence for giving cash directly to poor households and how this compares to deworming and ant-malaria bednets as interventions they recommend charitable donors should support.